Cano Health Reduced Its Workforce by 21% In Q3

Cano Health cut 21% of its workforce, or approximately 842 employees, in the third quarter as the primary care chain restructured and shed assets to boost its financial performance. Cano now operates 126 medical centers, and will continue to assess its geographic footprint, interim CFO Eladio Gil said on a Thursday earnings call. The company completed its exit from a number of states, which contributed to about half of its workforce reductions during the quarter.

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Source: https://www.healthcaredive.com/news/cano-health-q3-2023-job-cuts-earnings/699439

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