The American College of Radiology (ACR) has reduced its workforce by 11%, according to a statement released by the organization.
The reduction includes the layoff of 45 of the college's 510 employees and a number of open positions that will remain unfilled, an ACR spokesperson told AuntMinnie.com.
In a statement released by the college, CEO William T. Thorwarth, MD, offered an explanation of the decision.
"After a thorough review, the American College of Radiology (ACR) made the difficult decision to reduce its workforce by approximately 11% to enhance the College's strong financial foundation as it continues to serve and advocate for its 40,000 members and their patients," he said. "The decision, which took effect earlier this month, was largely influenced by the cumulative result of the COVID-19 pandemic's economic impact, increased costs of providing improved member services, and rising inflation on multiple industries, including ours."
"While the ACR continually reviews operations, we do not anticipate a need for further such actions," Thorwarth continued. "The ACR remains committed to achieving regulatory, legislative and clinical environments that enable the highest quality patient care. The College will have no further comment on this personnel matter."
Last year, the society reported fiscal results (end-June 30, 2023) that included revenue of $130 million and expenses of $137.5 million.
Founded in 1923, the ACR now has 54 chapters, more than 42,000 members, and more than 39,000 accredited facilities in nine imaging modalities.
