Nationwide makes cuts to its workforce across the US

Part of the layoffs will reportedly come from the property and casualty operations

Nationwide makes cuts to its workforce across the US

Insurance News

By Alicja Grzadkowska

Nationwide has announced that it’s laying off approximately 80 employees at its downtown Des Moines location as it cuts down the national workforce by around 1,100 positions. Workers will be given about four months of notice before the layoffs become official in March 2019, according to a report from the Des Moines Register.

“These are difficult but necessary choices to position the company for the future,” said Nationwide spokesman Joe Case in the article. “We are committed to moving through this period with great respect and full support for those impacted.”

Job cuts will take place in IT and marketing, but will also touch the property and casualty operations as well as bank organizations.

Case commented that workforce needs are evolving as Nationwide “implements new technologies and modernizes for the future.”

“Our digital modernization, our distribution evolution and the formation of emerging partnerships all position us to meet customers where they are,” he explained. “As we implement new technologies and become more efficient across our businesses, our workforce requirements are changing.”

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