Mountain View, Calif.-based health insurance exchange operator eHealth plans to reduce its workforce by 15 percent as it encounters lower-than-expected membership numbers, according to The Wall Street Journal.
The workforce reduction represents an estimated 160 jobs. According to the report, the focus of the cuts is expected to be the eHealth's customer care, as well well as its enrollment and technology and content groups.
The company said it expects to incur restructuring charges of $3.7 million to $4.7 million, primarily related to employee termination benefits, according to the report.
More articles on leadership and management:
Do health system leaders require different skill sets?
Why CEOs should be familiar faces — inside and outside of the company