is slashing about 250 jobs, with most of the layoffs taking effect in the second quarter. The job cuts are the latest in multiple rounds of layoffs resulting from a reorganization that started last year, according to a report by AM Best. “Some areas of our business are adapting their organizational structure,” a spokesperson for Liberty Mutual told AM Best. https://www.insurancebusinessmag.com/us/news/breaking-news/liberty-mutual-to-slash-250-jobs-475760.aspx Won’t be surprised to see more layoffs in insurance space.
Good luck bro.
Sorry for the affected folks. Its kinda good tho if other sectors are feeling the heat right?
Not really, it just indicates that the worse is yet to happen. So many companies aren’t profitable and are still burning hundreds of millions every quarter. How do you think companies like DoorDash or Lyft or Snapchat will continue existing if they incinerating money? All these companies are over a decade old. You can’t have a few profitable quarters out of 40 bad ones.
Insurance companies are dealing with a lot of claims right now and run on fairly small margins, so I'm not surprised. Is Emu and Doug getting the ax?
Liberty Biberty 🥸
Insurance is in trouble as an industry.
The lingo is disingenuous. They are slashing people not jobs. They're changing the lingo to make it seem less bad. Stop aiding and abetting.
I am looking for a referral in LM can some one help
These teck companies can’t just get a break
This is not a tech company.