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American Cancer Society Layoffs

The American Cancer Society has eliminated 1,000 positions across the US, the Cancer Letter reports.

According to the Atlanta Journal-Constitution, the ACS is anticipating a $200 million shortfall in revenue due to the coronavirus pandemic. Because of this decline in fundraising revenue, the Cancer Letter notes that the nonprofit is cutting its overall budget by about 30 percent.

The AJC adds that the ACS has laid off 150 employees in Atlanta, where the nonprofit is based, and a total of 1,000 employees across the US. The layoffs, it adds, were done in phases and affected employees working in information management, finance, marketing, communications, fundraising, and research. 

"There was no way to get where we needed to be for the time being without, unfortunately, making the decision to cut jobs," CEO Gary Reedy tells the AJC. "We're hoping and praying that we don't have to do more."

Executives have also taken pay cuts of between 10 percent and 20 percent, ABC News reports. It adds, though, that an ACS spokesperson cautions that if current financial trends continue, it may have to make additional cuts, including to research.

The Scan

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NFT of the Web

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23andMe on the Nasdaq

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