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.

  • sygnius@lemmy.world
    11·
    11 months ago

    Farmers Insurance is a terrible insurance company. My HOA uses them, and they told us that if we filed another claim, they would drop us. I later found out my girlfriend’s HOA uses them too, and they were told something similar, almost word for word. Apparently, even if they deny a claim, they count it against you.