Memorial Sloan Kettering to Cut Jobs as Costs Surge (1)

Memorial Sloan Kettering Cancer Center is planning to cut less than 2% of its workforce as it faces a budget deficit of more than $200 million for the upcoming year.

The New York City-based hospital group will eliminate positions over the next two months and has already closed some open job postings in a bid to lower expenses, according to an email sent to MSK employees Monday that was viewed by Bloomberg News. The message didn’t specify which departments would be subject to cuts. MSK employed 21,175 people as of last year.

Costs related to drugs, supplies and labor have ...