Carmel, Indiana-based CNO Financial Group, a provider of life insurance, annuity and supplemental health insurance products, has announced corporate restructuring plans that will result in a reduction in force of 230 employees. The company plans to achieve significant cost savings by consolidating and centralizing core business functions including marketing, finance, sales training/support and agent recruiting. According to a company spokesperson, job cuts will be distributed among the company’s Carmel, Indiana (Washington National), Chicago, Illinois (Banker’s Life), and Philadelphia, Pennsylvania (Colonia Penn) offices and will include both leadership and associate positions.
CEO Gary Bhojwani noted “CNO is transforming its organizational structure to build a leaner, more agile company,” said in a written statement.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?