California, September 10, 2025
News Summary
Farmers Group plans to permanently lay off 63 employees in finance and insurance roles by late October 2023, amid a broader trend of job reductions in the insurance industry. Conversely, the company is looking to hire over 100 employees for hybrid direct sales positions and currently has more than 89 corporate job openings. This dual approach reflects changes in the industry as firms adapt to evolving customer expectations and operational challenges.
California – Farmers Group has announced plans to permanently lay off 63 employees in California, specifically targeting finance and insurance roles. The layoffs are anticipated to take effect in late October 2023.
In contrast to these layoffs, Farmers Group is actively seeking to expand its workforce by hiring over 100 employees for hybrid direct sales positions across four major cities. Additionally, there are currently more than 89 corporate job openings available on Farmers Group’s website, which includes positions such as a field property claims adjuster and HR business partner.
To attract new talent, Farmers is offering a $5,000 bonus for licensed inbound sales consultants specifically in Kansas City, Kansas. The new positions being filled are focused primarily on technology, predictive analytics, sales and distribution, and product management. This hiring initiative reflects a broader industry trend where companies are shifting toward customer-facing and data-driven roles, responding to pressures that affect back-office positions.
The recent layoffs at Farmers Group occur alongside a broader trend in the US insurance industry where employment is on the decline. In August alone, the industry saw the loss of 5,500 jobs, reversing the previous month’s gain of 7,500 jobs. Contributing to these job reductions are factors such as higher operating costs, evolving customer expectations, and automation impacts in claims and underwriting processes.
Farmers ranks among the top five homeowners multiperil insurers in the United States, holding a 5.5% market share. Its parent company, Zurich Insurance Group, is noted for its robust financial health, receiving an A+ (Superior) and A (Excellent) rating from AM Best. However, the insurance sector is currently navigating headwinds, with a recent labor market study indicating that 14% of insurance companies plan to decrease their staff over the next year.
While most firms in the insurance industry anticipate revenue growth, only 52% are planning to increase staffing levels. Additionally, 34% of companies intend to maintain their current staffing levels. It is also worth noting that Farmers Group previously laid off 2,400 employees, representing 11% of its workforce, a year before the current announcement.
The ongoing layoffs at Farmers Group are part of a restructuring effort within its exclusive agency system in the East region. The company is transitioning to a district manager model that is utilized in other regions. Affected employees are encouraged to apply for existing positions within the company, as Farmers currently lists more than 370 job openings.
In summary, Farmers aims to build larger, diversified agencies and is working toward reducing its exposure to natural catastrophes. These layoffs and hiring trends align with similar actions taken by other major insurers, including Nationwide and Liberty Mutual, who have also announced job cuts despite expecting revenue growth.
FAQ
1. What roles are being affected by the layoffs at Farmers Group?
The layoffs will impact employees in finance and insurance roles.
2. When will the layoffs at Farmers Group take place?
The layoffs are scheduled for late October 2023.
3. What is Farmers Group doing in terms of hiring?
The company is looking to hire over 100 employees for hybrid direct sales positions and has more than 89 corporate openings available.
4. Why is the insurance industry seeing layoffs?
Job reductions in the industry are attributed to higher operating costs, evolving customer expectations, and the effects of automation on roles like claims and underwriting.
5. How does Farmers Group’s market position compare to others?
Farmers ranks among the top five homeowners multiperil insurers in the US with a market share of 5.5%.
Key Features of the Article
| Feature | Details |
|---|---|
| Layoffs | 63 employees affected in finance and insurance roles. |
| Hiring Initiative | Recruiting over 100 employees for hybrid direct sales positions. |
| Job Openings | Over 89 corporate job openings currently listed. |
| Industry Context | 5,500 insurance jobs lost in August, reversing earlier positive trends. |
| Parent Company | Zurich Insurance Group, rated A+ by AM Best. |
Deeper Dive: News & Info About This Topic
- Farmers Group Job Cuts Announcement
- Google Search: Farmers Insurance layoffs
- Geico Job Cuts Recovery
- Wikipedia: Insurance Industry in the United States
- Farmers Insurance Layoffs of 2,400 Workers
- Google Scholar: Insurance Industry Layoffs
- USA Today on Farmers Insurance Layoffs
- Encyclopedia Britannica: Insurance
Author: STAFF HERE HUNTINGTON BEACH
The Huntington Beach Staff Writer represents the experienced team at HEREHuntingtonBeach.com, your go-to source for actionable local news and information in Huntington Beach, Orange County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Huntington Beach Surf City USA Marathon, the U.S. Open of Surfing, Fourth of July celebrations at the Huntington Beach Pier, and community festivals at Huntington Beach Central Park. Our coverage extends to key organizations like the Huntington Beach Chamber of Commerce and Visit Huntington Beach, plus leading businesses in retail, hospitality, and outdoor recreation that drive the local economy. As part of the broader HERE network, including HEREAnaheim.com, HERECostaMesa.com, HERESantaAna.com, and HERELosAngeles.com, we provide comprehensive, credible insights into Southern California's dynamic landscape.
