Nationwide Is Cutting Many More Jobs in Iowa than Originally Announced
Nationwide Insurance, based in Columbus, Ohio, has more than doubled the number of Des Moines, Iowa, job cuts it announced last fall.
Nationwide said in November 2018 that about 80 workers in Des Moines would lose their jobs as part of a company effort to eliminate about 1,100 positions across the country — around 3.6 percent of its workforce.
The company issued 191 layoff notices in Des Moines in February, however.
Nationwide spokesman Joe Case told The Des Moines Register that, “as we’ve continued to implement our business plans, we are realizing a larger impact in Des Moines than what we originally shared in November.”
Nationwide has said it is taking advantage of new technologies as it positions the organization for long-term success and growth.
In November, the company said the job cuts would occur mostly in information technology, marketing, property and casualty operations and bank organizations. It also said it planned to cut its workforce in Columbus by 350 employees.
Nationwide said the employees will receive severance pay and other support, and they can apply for company jobs elsewhere.