Dartmouth-Hitchcock to Lay Off Hundreds of Employees
Dartmouth-Hitchcock plans to lay off hundreds of employees after a poor financial performance last fiscal year.
In an email sent to Dartmouth-Hitchcock employees, CEO James Weinstein said the company needs to shave $100 million dollars in annual expenses to achieve financial stability. The company finished last fiscal year with a $12 million dollar deficit.
Dartmouth-Hitchcock spokesperson Rick Adams said, "because personnel costs are such a significant part of any budget, we’re looking at a reduction of approximately three to five percent of our total workforce across the Dartmouth-Hitchcock system.”
That three to five percent translates to between 270 and 460 jobs.
The specifics of all the cost-saving measures should be ironed out by the end of October.
In a statement, Governor Maggie Hassan called the announcement disappointing and troubling.