Reno, Nev.-based workers’ compensation insurer Employers Holdings has announced the elimination of 161 positions, including 44 at its headquarters.
Employers Holdings offers workers’ compensation insurance to about 44,000 small businesses in 30 states. After the cuts, the company has about 760 employees nationwide and 175 in Reno.
CEO Douglas Dirks attributed the layoffs to the recession and a consolidation following an acquisition the company made in 2008.
He says the company’s gross revenue for the first quarter was down 35 percent from a year ago, which also was a contributing factor.
Employers Holdings has been a publicly traded company since 2007.
Copyright 2025 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Was this article valuable?
Here are more articles you may enjoy.
Pierce Named CEO of GEICO as Combs Resigns 
Trump to Issue Order Creating National AI Rule 
Death of Teenager on Carnival Cruise Ship Ruled a Homicide 
How ‘Super Roofs’ Reward Insurers, Cat Bond Investors and Homeowners 
