Farmers Insurance To Layoff 11 Percent Of Staff
WOODLAND HILLS, CALIFORNIA - AUGUST 29: The Farmers Insurance logo is displayed outside company headquarters on August 29, 2023 in Woodland Hills, California. The California-based insurer is laying off 2,400 employees, around 11 percent of its workforce, in a restructuring move aimed at increased profitability. The insurance giant announced last month it will no longer offer policies in hurricane-prone Florida and is also not accelerating homeowner policies in California due to wildfire risk and high costs. (Photo by Mario Tama/Getty Images)
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