https://www.healthcarefinancenews.com/news/cigna-cut-2000-jobs
Cigna plans to reduce its global workforce by approximately 2,000 positions, representing less than 3% of its workforce.
The layoffs will occur by the end of February.
A spokesperson for The Cigna Group said by statement: "As we drive greater efficiency across our business, we have made the difficult decision to reduce roles in our workforce. This decision was made with deliberate care and focus, and we are providing a package that includes a variety of transition services for impacted colleagues."
Cigna did not give specifics on which jobs or departments would be impacted.
The news coincides with Cigna’s Q4 and full-year 2025 earnings release in which the managed care company reported better-than-expected results for the quarter but set its full-year earnings guidance below expectations.
During the earnings call, President, CEO and Chairman David Cordani announced the settlement of a lawsuit with the Federal Trade Commission over Express Scripts' insulin pricing.