Blue Cross Blue Shield lays off 63 workers in cost-cutting move
Blue Cross Blue Shield of North Dakota has trimmed 13 percent of its payroll by laying off 63 employees and not filling 57 vacancies as part of a cost-cutting strategy.
The layoffs, announced Monday, will save $3 million in future annual payroll costs but result in a one-time severance payout of $875,000, the company said.
Altogether, the efficiency moves will cut $13 million from the Blues' budget next year, with 60 percent of total costs attributed to payroll and benefits.
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