HOUSTON -- MD Anderson has announced that 800 to 900 Houston employees will be laid off.
The layoff plan will impact less than 5% of the roughly 20,000 person workforce. Twelve-percent of the affected staff hold management or leadership roles.
"I can assure you, during the last several months and more recently during the decision-making process, great effort and compassion have gone into exploring all options to make sustainable changes and to avoid impacting our treasured colleagues," DePinho said.
The layoffs go into effect this week.
Employee notification began Thursday morning and will continue into next week. The world-renowned cancer cancer is expecting to save $120 million per year with the cuts.
"MD Anderson’s long-term financial health remains strong. These actions will not impact patient safety or quality of care," a statement from the hospital read.
DePinho cited rising "national healthcare costs, progressive reduction in reimbursement of care and expanding healthcare needs due to an aging America" as reasons for the financial struggle.