
PacificSource Lays Off 381 Staff, Exits Key Oregon Markets
Oregon health insurer PacificSource is laying off 381 employees, about 20% of its workforce, and exiting major Medicaid markets, impacting over 100,000 members.
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Oregon health insurer PacificSource is laying off 381 employees, about 20% of its workforce, and exiting major Medicaid markets, impacting over 100,000 members.

Wells Fargo has announced plans to lay off 444 employees across its Hillsboro, Salem, and Portland offices, with the job cuts taking effect on December 26.

PacificSource Health Plans will close its Springfield-based subsidiary, PacificSource Administrators, leading to 56 job cuts effective December 31.

The Bank of Nova Scotia is reducing its workforce across multiple departments in Canada as part of a broader strategy to enhance efficiency and focus on growth.

Global tech firm Innovate Corp will cut 12,000 jobs, representing 8% of its workforce, as it pivots to invest heavily in artificial intelligence.

Dubuque Bank & Trust, now part of UMB Financial Corporation, is laying off 38 employees in Dubuque, Iowa. The layoffs follow an acquisition earlier this year.

Capital One is cutting 382 jobs at Discover's Chicago-area headquarters as part of its post-acquisition integration, with layoffs beginning in November 2025.