The Philadelphia Housing Authority is laying off about 300 employees from its 1,400-person workforce starting in January.

PHA president and CEO Kelvin A. Jeremiah said the move will save $28 million annually, and that it will be redirected to help residents still looking for stable housing.

"Like many other organizations, PHA is implementing a right-sizing exercise to address its current operating cost model, which is out of line with industry standards," Jeremiah said in a statement. "In doing so, PHA must reduce operating expenses to ensure PHA remains well positioned to serve the residents, maintain and preserve its current housing stock while also expanding housing opportunities for Philadelphians most vulnerable."

The layoffs will begin in two phases. The first will begin on Jan.

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