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Business & Economy
Sat November 24, 2012
Wake Forest Baptist Cutting More Than 900 Jobs
The largest employer in Forsyth County will eliminate 950 jobs by next summer. Wake Forest Baptist Medical Center is bracing for a decrease in medical reimbursements and federal research funding. This week 76 full-time employees will be let go. By June 475 workers will be let go and another 475 positions will be eliminated through attrition and retirement. CEO Dr. John McConnell says no doctors, nurses or P.A.’s will lose their jobs.
John McConnell: "They’re coming from administrative areas, so that we can decrease our total overhead cost. That actually helps on both the research and patient care side. It’s coming from areas like IT, finance, facilities, infrastructural areas."
In total, Wake Forest Baptist has more than 11,000 employees, representing the largest workforce in Winston-Salem.