Nationwide Insurance Cutting 1,000 Jobs

November 15, 2018

Nationwide intends to eliminate the jobs of about 1,100 employees across the country _ around 3.6 percent of its workforce.

The insurance and financial services company says about 80 workers in Des Moines and 350 in Columbus, Ohio, were told Tuesday that their jobs would be eliminated by the end of March. The remaining workers affected will be informed in the coming weeks.

Nationwide says the employees will receive severance pay and other support, and they can apply for company jobs elsewhere. Nationwide is based in Columbus.

Starter Pack for New Agents

The job cuts will occur mostly in information technology, marketing, property and casualty operations and bank organizations.

Nationwide says it is taking advantage of new technologies as it positions the organization for long-term success and growth.

Related:

Was this article valuable?

Here are more articles you may enjoy.

Latest Comments

  • March 20, 2019 at 4:01 am
    On Your Side says:
    This was coming since 2013. They spent $1,000,000,000.00 on technology to replace staff handling accounts under $10,000.00. On Your Side is only for their stock owners not the... read more
  • January 31, 2019 at 4:26 pm
    Jimmy says:
    The Blue insurance company. Upper management behave like animals that eat their young. I am not pro union as unions are only in place to enrich them self. That said, if any ... read more
  • November 27, 2018 at 11:51 am
    Agent says:
    Manning probably has a guaranteed contract. That is what athletes do.

Add a CommentSee All Comments (30)Add a Comment

Your email address will not be published. Required fields are marked *

*

More News
More News Features