Big-profit insurance company Cigna is looking to do some major job killing (slaughtering?) in the near future:
Cigna announced November 1st that 1,300 jobs will be cut worldwide now through June 2013. A cigna rep says only a small number of these jobs will in Denison. He says most of the layoffs will occur in Europe.Cigna has about 35,000 employees worldwide -- so these job cuts amount to about four percent of the corporation's entire workforce.
"The largest impact in the United States is going to be in our home state, where our headquarters is, in Connecticut of about 200 people. Then all the other actions are going to be smaller and spread throughout all of our offices and operations throughout the United States," Cigna Corporation's Jon Sandberg said.
Why the cuts?
Cigna says they are cutting jobs in order to deliver more cost effective and efficient healthcare.Insofar as the big-profit health insurers don't actually deliver any health care at all, it sounds like the real reason for Cigna's jobs cuts is simple: more profit for Wall Street fat cats.