Cigna to Cut 3,900 Jobs
From Bloomberg News
Cigna Corp. said it will eliminate 3,900 jobs as the company tries to cut costs after underpricing its premiums.
The company expects to have an expense of $98 million in the fourth quarter for the job cuts, Cigna said.
Shares of the Philadelphia-based company fell 20 cents to $41.30 in NYSE trading before the announcement.