University of Miami medical school | Up to 800 layoffs

The University of Miami medical school plans to lay off up to 800 workers in administration and research to deal with reduced government and private funding

Up to 800 people will lose their jobs under a major restructuring at the University of Miami medical school, President Donna Shalala said Tuesday.

State budget cuts, less research money, lower compensation from insurers and cutbacks in payments by Jackson Health System made the changes necessary, Shalala said during a meeting at the Miami Herald.

“It’s not a great situation,” Shalala said, “but at the end of the day, we’ll be a much stronger healthcare system of a much higher quality because we will be able to reinvest in healthcare delivery. … We’ve moved this institution to new heights. The world is changing beneath our feet.”

Laid-off workers are being notified this month, Shalala said. A notice UM filed with the state Tuesday announced the university would cut 800 jobs by July 31, but Shalala said the final number is likely to be lower. The cutback is the largest by any employer in the state since the medical school’s campus neighbor, Jackson, announced 920 layoffs in February…

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Read More @ UM medical school to lay off up to 800 – Miami-Dade – MiamiHerald.com.