Elevance Health is laying off a combined 123 employees across two southern California locations, according to regulatory documents filed this month.
The insurer is laying off 64 employees at a Carelon office in Cerritos, and 59 at Anthem Blue Cross in Woodland Hills. The layoffs are listed as "permanent" in the state's newest Worker Adjustment and Retraining Notification Act (WARN) report.
The layoffs come on the heels of an earnings call in which Elevance reported a 22.5% year-over-year decrease in net income in Q3. Shares of Elevance Health fell 12% after the health insurer lowered its forecast for full-year earnings.
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