Liberty Mutual plans workforce cuts

Liberty Mutual is eliminating 850 positions, about 2% of the company’s US workforce.

Nearly all of the positions being eliminated are in the US. The impacted units include Retail Markets and Global Risk Solutions, as well as technology and other corporate groups.

“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,” shared a Liberty Mutual spokesperson via email. “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.”