layoffs News
American Family Insurance Confirms Staff Reductions
American Family has confirmed recent reports of layoffs, saying that it is "working to increase efficiency and manage costs" across its five insurance companies. The insurer did not provide specifics ...
Farmers Insurance Laying Off 11% of Workforce, Citing Industry Challenges
Farmers Insurance announced it will part ways with approximately 2,400 employees — 11% of its workforce across all lines of business.
Branch CEO Lekas Announces Layoffs, Citing Inflation, Loss Costs
Branch Insurance has conducted a round of layoffs, according to a June 8 LinkedIn post by Co-Founder and CEO Steve Lekas. Lekas did not announce the number of employees who were let go, but cited ...
I’m Outta Here Too: Study Finds Layoffs, Employee Departures Influence Co-Workers
A recent study from UBC Sauder School of Business suggests that the departure of an employee, whether they quit or get fired, can cause many of their colleagues to follow suit and leave the company. ...
Rounding a Corner With Insurance Talent
One of my favorite places to visit when I'm in Manhattan is Hudson River Park. The waterfront pathway bends in several spots, and with the right timing, you can catch ...
Hippo Cuts Staff 10 Percent; 70 Jobs Eliminated
As part of an "organizational realignment," Hippo Holdings Inc. said that it is eliminating roughly 70 jobs from the company, amounting to about 10 percent reduction of the InsurTech's overall ...
Lemonade Lays Off Metromile Employees Immediately
Immediately after Lemonade closed its deal of Metromile on July 28, job boards lit up with news of layoffs at the acquired company. Former Metromile employees have been posting the news on LinkedIn, ...
NEXT, Thimble Latest InsurTechs to Announce Layoffs This Year
NEXT Insurance and Thimble are the latest InsurTechs to lay off part of their workforce this year, with NEXT citing challenging economic conditions and both InsurTechs pointing to an increased focus ...