Aetna Plans to Make Job Cuts
Aetna Chairman and CEO Ronald Williams in an internal memo sent to employees outlined that “selective” cuts would need to be made as a result of the economic slowdown. The health insurer expects the current economic downturn to extend into 2009.
No further details on when the cuts would come or how many employees would be affected were made available.
Aetna previously reported that its third-quarter net income dropped 44% to $277.3 million, primarily due to investment losses. The insurer also reported that enrollment was up 1% to 17.7 million for the quarter.
Published on November 14, 2008
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