Approximately 65 employees at the University of Maryland Medical Center will be getting laid off.
The medical facility says that a cut in Medicare pay brought about by the federal sequester and the low rate increases from the Health Services Cost Review Commission are two of the reasons behind the job cuts.
Hospital officials say that next week’s layoffs, coupled with another round of layoffs at the end of this summer, should help them save about $20 million.
More than 7,000 workers are employed by the University of Maryland Medical Center.
The system also owns Baltimore Washington Medical Center which will soon be cutting jobs as well.