Beacon Light Announces Lay Offs

Beacon Light has announced a reorganizational plan that includes laying off 25 employees.

About 50 positions are being cut, but some of them have been removed by not filling vacancies.

CEO Rick Seager says the downturn in the stock market has affected the endowment fund, while rates from payers have not gone up and health insurance costs have.

Seager says Beacon Light is developing more community-based services to supplement the decrease in residential care.

Comments

Anonymous said…
There is a better way of dealing with this problem instead of laying people off which will jeopardize both clients and staff working there. Maybe the upper management should suck it up and take a pay cut like others have so they could keep their jobs.
February 5, 2009 at 5:11 PM
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