Beth Israel To Lay Off Fewer Workers

Beth Israel Deaconess Medical Center says it's found $16 million in cost savings that will help it avoid hundreds of layoffs.

Beth Israel CEO Paul Levy says the hospital will still let 150 workers go, but that's down from the 600 layoffs previously expected.

The savings come from a plan to temporarily discontinue the hospital's matching contributions to employees' retirement plans, rescind annual raises for directors and managers, and cancel the annual employee barbeque.

Beth Israel officials say the hospital is facing a $20 million budget deficit.