Baystate Health plans to cut dozens of jobs
SPRINGFIELD, Mass. (WWLP) – Baystate Health has announced it will cut dozens of positions this week as part of its overall plan to keep the largest healthcare system in our area independent and financially strong.
This transformation plan has been rolling out since last fall. The CEO told 22News these cuts are a difficult decision to make.
Another round of job cuts is coming to Baystate Health starting later this week. It's part of the healthcare system's 7% workforce reduction that began last year. So far, 60% of the total staffing cuts have happened through attrition, vacancies caused by resignations and retirements. However, this time around, 43 employees will lose their jobs.
Baystate Health says these positions were selected to minimize impact on direct patient care. Despite the cuts, Baystate Health says they have been making progress;
Reporting four consecutive months of positive cash flow
Receiving an A+ credit rating from the Fitch rating agency
Recruiting, hiring, and retaining physicians, advanced practice providers, and bedside caregivers
And planning a $1.2 billion investment over the next six years
CEO Peter Banko calls these cuts a difficult step but says they remain committed to staying independent and growing, saying in a statement to 22News, in part, that they 'Deeply understand the effect these transitions have on their workers.' He later goes on to say, 'They are encouraged and extremely optimistic by their planning towards a clear direction forward. The affected employees will be notified of the cuts by no later than this Friday, May 2nd. They will receive severance and career support if not placed elsewhere in the system.'
Starting this summer, the organization will begin its Baystate Health 2030 initiative to grow its hospital system and service lines.
WWLP-22News, an NBC affiliate, began broadcasting in March 1953 to provide local news, network, syndicated, and local programming to western Massachusetts. Watch the 22News Digital Edition weekdays at 4 p.m. on WWLP.com.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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