180 to be laid off at Travelers Insurance in Downtown Syracuse
Syracuse (WSYR-TV) – 180 people will be laid off at Travelers Insurance’s office in Downtown Syracuse.
The insurance company says the cuts are necessary to remain competitive in the industry.
The company declined to say how many people would remain, but said they would maintain a presence in Syracuse.
In a statement released to NewsChannel 9, Travelers says they are making a series of changes that will save them $140 million by the year 2015.
The company employs 2,600 employees across New York State.
The Syracuse office is located in the Galleries in Syracuse.
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