Medicaid

Molina Healthcare, under pressure to boost margins, will lay off 1,400 workers

Molina Healthcare, under pressure to boost margins, will lay off 1,400 workers

Health insurer Molina Healthcare Inc. will lay off about 1,400 employees as the Long Beach company looks to cut costs and increase profitability.

The layoffs will hit 10% of staff in the company’s corporate and health-plans units, from senior leaders to “front line staff,” interim Chief Executive Joe White said in a memo sent to employees Monday that was obtained by The Times.

Notice will go out to affected employees in two waves and will largely be completed by the end of September, according to the memo.

The company said it would provide severance packages, interview and resume help, and would give affected employees access to Molina Healthcare recruiters to help...

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