To "offset declining revenues amid the ongoing economic downturn," the American Medical Association reports that it is set to cut 8.3 percent of its staff, or 100 positions, from its Chicago and Washington, DC offices, effective May 4.
The AMA, which employs about 1,200 people, did not indicate which departments would be hit. However, The Chicago Tribune reports that publishing is a likely target because ad revenues for its print publications have fallen dramatically. At the same time, the association reports big drops in due-paying members. The AMA has roughly 250,000 members.
"This is a tremendously difficult decision for the AMA," the association's Chief Executive Dr. Michael Maves said in a statement. "Associations like ours, however, are not immune to the economic realities that many other companies are facing."
For more information:
- see The Chicago Tribune story