Fayetteville, N.C.-based Cape Fear Valley Health System has eliminated 118 jobs, 99 of which were already vacant, according to a Fayetteville Observer report.
The health system, which included roughly 5,800 employees prior to the cuts, attributed the workforce reduction to $22 million in federal budget cuts — a combination of sequestration, reduced Medicaid reimbursement rates and Medicare cuts.
Of the 19 employees who lost their jobs, six of them were in senior management. No clinical positions were cut, according to the report. All employees were notified of the cuts last Friday via email.
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