Travelers insurance 2019 layoffs - 1% reduction in workforce

Travelers / Sales
PDkM54

Travelers Sales

BIO
Fortune 100 Underwriter
PDkM54more
Jun 12 8 Comments

Travelers has just announced layoffs of approximately 200 employees, 80% back end developers / actuaries, 20% front end product people.

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TOP 8 Comments
  • New / Other
    DuQvV7y

    New Other

    BIO
    Did stuff. Hustled hard. Retired
    DuQvV7ymore
    Insurance is a rather interesting case because the young upstarts are gunning for the legacy firms.

    And drawing blood.

    This is an industry that badly needed disruption.

    Privately held behemoth Nationwide Insurance, has been doing layoffs on a continuous basis.
    Jun 12 0
  • Amazon picoloda
    Sign of recession
    Jun 12 2
    • Facebook public2
      Rofl, no no it's not. A recession is 2 quarter's of negative growth, layoffs are often a sign of business growth and causes stock values to rise. This is especially true during economic expansions. Layoffs don't cause recessions but recessions may cause layoffs. I cannot wait for an actual recession only so the n00bs on blind can learn how good recessions are for them and their businesses.
      Jun 12
    • Travelers / IT pipedown
      This has been in the works for a while now so I don't think it's due to a recession
      Jun 19
  • Travelers / IT pipedown
    The people that I know to be affected were IT middle management - Sr. Directors and 2VPs
    Jun 19 0
  • Principal Financial worldbreak
    I was thinking of applying to their AALDP program for an entry level data scientist position. Any layoffs there? How is it working as a data scientist at traveler's?
    Jun 19 1
    • Travelers / IT pipedown
      The LDPs don't need to worry about layoffs. They usually get treated pretty well
      Jun 19
  • Travelers / Biz Dev
    gopokes24

    Travelers Biz Dev

    PRE
    Chubb
    BIO
    Commercial Insurance Underwriter
    gopokes24more
    Some MD’s too. Looks like they were removing redundancies. Lots of that in actuarial and I suspect they’d like to see managers have 6-8 direct reports instead of just 4.
    Aug 7 0