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Farmers Insurance lays off 2,400 workers as insurers pull back from California

Por: Los Angeles Times Business August 29, 2023

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Farmers Insurance, one of the nation's largest property and casualty insurers, is laying off 2,400 workers, representing 11% of its total workforce. The Los Angeles-based company cited a need to reduce operational costs and focus on long-term sustainable profitability in an announcement Monday to explain the job cuts. This has been a chaotic year for the California insurance market, and this isn't the first dramatic move that Farmers,... + full article



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