UTMB Lay off University of Texas Lay off Job Cut: UTMB fires 3800

The news cannot be any furhter bad for the employees of UTMB University of Texas Medical Branch. It has decided to fire 3800 people from their jobs or go for Job Cuts.
It was already under pressure to recover from the devastations of Hurricane Ike.

What are the primary reasons for the UTMB University of Texas Medical Branch layoffs?
Primarily, the expenses and no money. Also, due to hurricane Ike.
As per the news, The UT Board of Regents said it was forced to make the job cuts because the teaching hospital was running out of money.

Hurricane Ike losses are reported to be to the tune of $710 million to UTMB when it hit the island in September and officials have said that only about $100 million of the damage is covered by insurance.

When will the UTMB University of Texas Medical Branch layoffs actually take place?
The layoffs are expected to happen sometimes in January, meaning that it will not be a good start of the new year for many employees.


Which department employees will be affected by the UTMB University of Texas Medical Branch layoffs?
As per the news, it is not yet decided which employees will be affected by this lay offs.
Dr. Kenneth Shine, interim chancellor of the UT system, expected most of the jobs cut would be from the hospital. Shine was optimistic that most of those laid off would find work at other health care institutions.
A few faculty members may also be laid off.

What is the current strength of the the UTMB University of Texas Medical Branch layoffs?
UTMB currently has around 12,000 employees.

Let's hope that alternative jobs are available to the affected employees of UTMB University of Texas Medical Lay off.