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.
layoffs News
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 ...
Root Implements Organizational Realignment, Lays Off 330 Employees
Technology company Root Inc., the Columbus, Ohio-based parent company of Root Insurance, announced yesterday that it has laid off approximately 330 team members throughout its business. Co-Founder ...
Allstate to Eliminate 3,800 Jobs in Ongoing Overhaul Effort
The Allstate Corp. plans to slash approximately 3,800 jobs in claims, sales, service and support functions as part of an ongoing effort to restructure, and grow its property/casualty market share ...