AM I NEXT? NO LOVE AT MEDICA

Minnetonka, Minnesota-based Medica, a medical insurer offering coverage to employers, Medicare beneficiaries, and individuals on market health exchanges, has announced it has executed a 6% reduction in force.

The layoff impacted 162 employees.

According to a company statement, "We made the difficult decision to reduce our workforce to align our resources with business priorities. Our commitment to high-quality, affordable health care for our members includes how we staff our health plan to best deliver on this commitment. People are at the heart of our organization, and we are grateful for the contributions of our impacted employees and are supporting them with severance payments, outplacement services, and other benefits as they look for their next opportunity."

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?

AM I NEXT? NO LOVE AT ZYWAVE

Milwaukee, Wisconsin-based Zywave, a software company providing software as a service product for insurance brokers and financial planners, including sales, client and content management, and analytics, has announced a restructuring and cost-cutting initiative that will see more jobs offshored as the company moves positions to the Philippines.

The move will impact 100 employees

According to a company statement, the restructuring was an opportunity for organizational improvement and to ensure long-term growth and success. The changes involve simplifying the company's go-to-market strategy, optimizing the customer experience, and implementing smarter spending in order to build a competitive cost structure.

The company made the decision with the utmost care” and is confident they'll help set the company up for greater success in the future. Zywave is a strong, agile company. To remain competitive in our evolving global economy, it's essential we continue to optimize operations at all levels of the business."

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?

AM I NEXT? NO LOVE AT LIBERTY MUTUAL (02/03/24)

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?