Portland, Oregon-based Oregon Health & Science University (OHSU), a public research university and operator of a regional healthcare system, has announced a major cost-cutting initiative.
The cost-cutting effort will impact 500+ employees.
According to OHSU President Danny Jacobs, “Our expenses, including supplies and labor costs, continue to outpace increases in revenue. Despite our efforts to increase our revenue, our financial position requires difficult choices about internal structures, workforce, and programs to ensure that we achieve our state-mandated missions and thrive over the long term.”
"One of the guiding principles of the Strategic Alignment work is a commitment to transparency and providing significant updates as soon as possible. Communications about the plan will include language about the Worker Adjustment and Retraining Notification Act."
“Uncertainty and change are difficult. We will continue to proceed with compassion, fully understanding the gravity of these decisions and the personal impact they have."
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?
