FEBRUARY 3, 2024 — 250 EMPLOYEES TARGETED
As part of its ongoing restructuring, the company has announced plans to lay off 250 corporate employees in its U.S. retail markets and global risk solutions business. Layoffs will commence in April or May 2024.
NOVEMBER 9, 2023 — Original post…
Boston, Massachusetts-based Liberty Mutual, a global property and casualty insurer, has announced that its continuing multi-year transformation to focus on efficiency and effectiveness has resulted in a 2% reduction in its U.S. workforce.
The reduction in force will impact 850 employees, including those in the insurer's Retail Markets and Global Risk Solutions business units, technology, and other corporate support groups. This round of layoffs will be completed by the end of the year and follows a 370-employee reduction in August 2023.
According to a company spokesperson, “We are initiating a multi-year transformation to ensure our organization is set up for future success and to address the rise of emerging risks. We will reimagine how we do business with a focus on efficiency and effectiveness and will prioritize our efforts to focus on how we can provide the most value for our customers, agents, brokers, and partners."
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. We see good people being laid off through no fault of their own. 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?