Providence Health Plan lays off 4% of staff to address financial struggles impacting Oregon's healthcare.

Providence Health Plan has laid off about 4% of its workforce due to financial difficulties, aiming to reduce costs and maintain high-quality care. The challenges faced by Providence, a major employer in Oregon, mirror broader issues in the state's healthcare sector, where nearly half of hospitals lost money in 2024 due to rising costs and low insurance payments. These financial struggles threaten patient care and community economic stability.