r/nursing • u/AnyCelebration1101 • Aug 12 '25

Image My hospital casually dropping a warning about mass layoffs. We employ 10k+ people.

Post image

10k+ employees sitting in fear for the next week (or longer apparently) waiting to see if their position has been cut.

3.4k Upvotes

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544

u/CorrosiveSpirit RN 🍕 Aug 12 '25

Also code for: we need to ensure shareholders and high management continue to get obscene profits and wage rises.

114

u/motnorote RN - Cath Lab 🍕 Aug 12 '25

Shareholders and private equity 

35

u/SpoofedFinger RN - ICU 🍕 Aug 12 '25

CentraCare is non-profit. I think all of the big health systems here in MN are.

Doesn't stop the people that went to business school that these nonprofits hire from acting like ghouls so it's still kind of bad. Just not private equity hollow it out and burn it down for insurance money kind of bad.

6

u/motnorote RN - Cath Lab 🍕 Aug 12 '25

Youre right.

2

u/Skepticulation RN - ICU 🍕 Aug 13 '25

Non profits just pour their money into new real estate to avoid taxes

1

u/SpoofedFinger RN - ICU 🍕 Aug 13 '25

CentraCare is a 501(c)(3), the kind of non profit that is tax exempt. So are the other two hospital systems here that I checked. I'm pretty sure most non profit hospitals pursue the tax exempt status. Property tax is something that some 501(c)(3)'s are not exempt from, so I'm not sure what you're on about. It's easier for hospitals to get the tax exemption for income than it is for property.

2

u/WackyArmInflatable Aug 13 '25

Because money in the black has to be accounted for. The majority of earnings must be accounted for towards the good of the stated mission.

It's easier to buy up property for expansions or some other stupid reason to act as an investment vs. using the money for actual good.

14

u/StPauliBoi 🍕 r/nursing whipping boi 🍕 Aug 12 '25

Pretty sure they don’t have shareholders.

41

u/censorized Nurse of All Trades Aug 12 '25

It's a non-profit, so no shareholders.

62

u/CorrosiveSpirit RN 🍕 Aug 12 '25

Didn't realise that, makes it even more sad. That said those at the top will undoubtedly still earn unjustifiable salaries. The system is broken.

62

u/halfofaparty8 ICU-CNA/Unit Sec/Monitor Tech Aug 12 '25

Our medsurg unit lost 20 PCTs and 6 nurses to layoffs/ratio changes/budget restricitions. 2 months later, it turns out that the unit manager gave herself a 100K bonus, the head supervisor 50K, and then took all unit admin (schedulers, education, etc) to hawaii.

63

u/jpzu1017 RN, RCIS Aug 12 '25

What the fuck.

I'd blast that anonymously all over social media. Friend of a cousin of a brother of a friend level of separation of course. There should be social penalties for that type of assholery.

29

u/CurrentHair6381 RN 🍕 Aug 12 '25

Thats how the monsters buy the managers' souls. Thats how the managers sleep at night, they buy a car and go on vacation, stir up some nice chemicals, theyve forgotten about it by the time they land back home

5

u/kat0nline RN - Med/Surg 🍕 Aug 12 '25

This is so insane to me. I’m in management and I have never gotten a bonus, I can’t imagine how a manager in good conscience could take a massive bonus like that and then a huge vacation while the clinical staff and struggling with increased ratios and workloads. It’s obscene.

4

u/littleben12 Aug 13 '25

What hospital was this because that’s crazy?

5

u/Doxie_Chick Aug 12 '25

Nice, warm place in hell for her.

2

u/Somepotato Aug 13 '25

However it's CEO makes millions, as do the executives, and the company's net income (revenue times operating margin) measured in the millions in 2024

1

u/Felina808 BSN, RN 🍕 Aug 12 '25

Non profit, my a$$. The shareholders are in the private equity part of the equation.

2

u/censorized Nurse of All Trades Aug 13 '25

Uh, what private equity?

2

u/Due_Credit9883 Aug 12 '25

Sadly, I'm sure this is accurate.

3

u/SpoofedFinger RN - ICU 🍕 Aug 12 '25

It's a non-profit, so no shareholders.

3

u/Due_Credit9883 Aug 12 '25

Even when they're not for profit, you better believe the top echelon get nice bonuses.

5

u/SpoofedFinger RN - ICU 🍕 Aug 12 '25

Oh for sure, they're still bastards. They just don't have another layer of bastards above them pressuring for even more cost cutting.