Liberty Mutual Eliminates 250 Jobs

Liberty Mutual is going to do away with another 250 positions.

The 250 jobs being eliminated are 0.5% of the company’s workforce and come on top of the 850 layoffs announced last year in October and the 370 U.S. jobs done away with when the company restructured.

Those cuts were 2% of the company’s workforce. Liberty Mutual has approximately 50,000 employees.

Some of the people being impacted have already been notified but not all said an unidentified company spokesperson.

“We have been transparent with our employees that we are on a multi-year transformation to ensure our organization is set up for future success and to address the rise of emerging risks,” the spokesperson said. “This means we are reimagining and optimizing our business — including our product portfolio, an intentional focus of our global footprint, and investment in innovation and capabilities — while prioritizing our efforts to focus on how we can provide the most value for our customers, agents, brokers and partners.”

Liberty Mutual says it will try to find the laid off employees other positions within the company.

Source link: Insurance Journal — https://bit.ly/4brBukk

Source link: Insurance Business America — https://bit.ly/3w1GJa2