Farmers Insurance says 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.

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 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 to The Associated Press.

  • rynzcycle@kbin.social
    222·
    1 year ago

    Note, not sustainability… profitability. When are we going to stop letting these leeches destroy the American economy.

    • ShittyRedditWasBetter@lemmy.world
      321·
      1 year ago

      And? They are running their business with less people. It’s not a charity. The people laid off will get a nice severance package and have to find new work. Most who get severance end up in the positive with more money than they would had they just been fired. Unemployment is under 3%, it’s not like it is hard finding a job at the moment.

        • ShittyRedditWasBetter@lemmy.world
          17·
          1 year ago

          Yes. Applying for jobs is always time consuming and a pain, but I had a job within 2 weeks and made an extra 14k that year. I wouldn’t call my experience during a time of low unemployment stressful at all.