Nationwide Insurance Is Cutting Over 1,000 Jobs

Nationwide Insurance, based in Columbus, Ohio, is cutting 1,100 jobs across the country. There will be 350 terminations within the company's Columbus headquarters.

Nationwide employees in Columbus and Des Moines, Iowa, have been informed they will be let go in March, it was reported on Tuesday. Three hundred and fifty employees will be laid off in Columbus and 80 in Des Moines. The remaining 670 employees will be notified when their layoffs take effect in the next several weeks.

"These are difficult but necessary choices to position the company for the future. We are committed to moving through this period with great respect and full support for those impacted," said Nationwide spokesperson Joe Case. Laid-off employees will receive severance, according to the Des Moines Register.

The job cuts will come in fields like marketing, property and casualty operations, bank organization, and IT. New technologies played some role in the layoffs, NBC reports. About 770 new jobs are listed within the company’s website, and the laid-off employees can apply for those if they wish.

The company’s total employee count is about 34,000, according to its website. In Des Moines, Nationwide has approximately 3,700 employees and in Columbus about 11,000.