California, September 10, 2025
News Summary
Farmers Group has announced plans to lay off 63 employees from its California offices in late October, affecting finance and insurance roles. Concurrently, the company aims to hire over 100 new employees for hybrid direct sales positions in four cities. As the insurance industry faces pressures and transitions towards technology-driven roles, these moves reflect the company’s strategy to adapt while providing opportunities for displaced employees through various job openings.
California – Farmers Group, a major player in the insurance industry, has announced plans to lay off 63 employees at its California locations later this year. These layoffs, set to occur in late October, will primarily impact roles within the finance and insurance sectors.
Despite this reduction in workforce, Farmers Group is simultaneously expanding its hiring efforts, aiming to recruit over 100 new employees for hybrid direct sales positions across four cities. The company currently lists more than 89 job openings on its website, which include positions such as field property claims adjuster and HR business partner.
In an effort to attract talent, Farmers is offering a $5,000 signing bonus for licensed inbound sales consultants in Kansas City, Kansas. The current recruitment focus is mainly on technology, predictive analytics, sales and distribution, and product management roles. This hiring initiative reflects a broader industry trend towards customer-facing and data-driven positions, as many companies face pressure to reduce back-office staff.
The impending layoffs come at a time of significant changes within the U.S. insurance sector. In August, the industry experienced a decline of 5,500 jobs, reversing prior gains of 7,500 jobs in July. Several factors have contributed to this job loss, including rising operational costs, shifts in customer expectations, and automation’s increasing impact on claims and underwriting processes.
Farmers Group, which ranks among the top five homeowners multiperil insurers in the U.S. with a market share of 5.5%, is navigating a changing landscape. Its parent company, Zurich Insurance Group, holds impressive financial strength ratings of A+ (Superior) and A (Excellent) from AM Best, which underscores the company’s solid position in the industry.
A recent labor market study indicates that 14% of insurance companies anticipate further staff reductions in the coming year. Although many firms expect revenue growth, only approximately 52% plan to increase their workforce, while 34% intend to maintain their current employee levels.
Farmers Group has a history of significant workforce reductions, having previously laid off 2,400 employees, or 11% of its overall workforce, a year before the current announcement. These layoffs are part of a restructuring effort, particularly within the exclusive agency (EA) system in the East region, as the company transitions to a district manager model already operational in various other regions.
Affected employees have the opportunity to apply for other roles within the organization, as Farmers currently lists over 370 job openings across various departments. The company’s strategy aims to develop larger, diversified agencies while also working to minimize exposure to natural catastrophes—a response to increasing climate-related challenges.
This trend of layoffs is not isolated to Farmers alone; other notable insurers, including Nationwide and Liberty Mutual, have announced job cuts that align with industry currents, indicating a shift despite ongoing expectations of revenue growth.
As of now, employment within U.S. insurance companies stands at over 1.6 million, which contributes to a broader national figure of nearly 3.025 million when accounting for distribution roles. The current labor dynamics underscore the industry’s transition and the continuing evolution of job roles within this vital sector.
Frequently Asked Questions
What roles are affected by the layoffs at Farmers Group?
The layoffs will primarily affect finance and insurance positions at Farmers Group.
How many new positions is Farmers Group looking to fill?
Farmers Group is looking to fill over 100 new positions, particularly in hybrid direct sales roles.
How does the current job market look for the insurance industry?
Currently, the insurance industry in the U.S. is experiencing job reductions, with 5,500 jobs lost in August alone, and 14% of companies plan to reduce staffing over the next year.
Key Features of Farmers Group Layoffs and Hiring Plans
| Aspect | Details |
|---|---|
| Layoffs | 63 employees in finance and insurance roles |
| Recruitment | Over 100 positions for hybrid direct sales roles |
| Job Openings | 89 current job listings on Farmers’ website |
| Bonuses Offered | $5,000 for licensed inbound sales consultants in Kansas City |
| Industry Trends | 5,500 jobs lost in August; focus shifting to technology and data-driven roles |
| Overall Employment | Over 1.6 million employed in the U.S. insurance sector |
Deeper Dive: News & Info About This Topic
- Farmers Group Job Cuts Announcement
- Google Search: Farmers Group job cuts
- USA Today: Farmers Insurance Layoffs 2023
- Wikipedia: Farmers Insurance Group
- LA Times: Farmers Insurance Layoffs
- Encyclopedia Britannica: Insurance
- Insurance Journal: Job Cuts in the Industry
- Google Scholar: Insurance industry job cuts
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LOS ANGELES STAFF WRITER The LOS ANGELES STAFF WRITER represents the experienced team at HERELosAngeles.com, your go-to source for actionable local news and information in Los Angeles, Los Angeles County, and beyond, specializing in "news you can use" with coverage of 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 from years of dedicated reporting and strong community input, including local press releases and business updates, while delivering top reporting on high-value events like the Academy Awards, LA Auto Show, and Los Angeles Marathon, extending coverage to key organizations such as the Los Angeles Area Chamber of Commerce and the Los Angeles Tourism & Convention Board, plus leading businesses in entertainment and technology like Warner Bros. and SpaceX, and as part of the broader HERE network including HEREAnaheim.com , HERECostaMesa.com , HEREHuntingtonBeach.com , and HERESantaAna.com , providing comprehensive, credible insights into Southern California's dynamic landscape. HERE Anaheim HERE Beverly Hills HERE Coronado HERE Costa Mesa HERE Hollywood HERE Huntington Beach HERE Long Beach HERE Los Angeles HERE Mission Viejo HERE San Diego HERE Santa Ana
