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.
Have you been laid off before? Was it a stress free experience?
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.