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More layoffs hit MGB in second round of job cuts this year

  • MGB is implementing a second round of layoffs affecting approximately 1,500 positions to address a $250 million budget shortfall, according to Jennifer Street, a spokesperson for Mass General Brigham.
  • Employees will receive benefits coverage and severance packages, as confirmed by a spokesperson for Mass General Brigham.
  • Concerns have risen among staff about morale and trust in leadership, particularly expressed by Dr. Peter Grinspoon, who noted a lack of faith in the organization's decision-making.
  • While MGB has posted positive operating margins previously, it recently reported a $53.8 million operating loss, pointing to challenges in financial performance, as stated by Klibanski.
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NBC Boston broke the news in Boston, United States on Monday, March 10, 2025.
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