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Farmers Insurance says it is cutting 2,400 jobs in bid to ensure long-term profitability

Por: ABC News Business August 28, 2023

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NEW YORK -- Farmers Insurance said Monday it will lay off 11% of its workforce — about 2,400 employees — as part of a corporate restructuring aimed at increasing its efficiency and long-term profitability.The California-based insurer owned by Swiss giant Zurich Insurance Group said the job cuts will impact all lines of its business. Monday was the last working day at the company for most employees impacted by the layoffs, Farmers confirmed... + full article



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