Farmers Insurance has revealed it will shed numerous employees through layoffs. Under the move announced Monday by the insurance provider, roughly 2,400 Farmers Insurance workers will see their jobs cut. Of its total headcount, the impacted employees account for roughly 11%, according to the company’s press release. Farmers Insurance said it needed to "better position itself for a future of long-term profitability and growth," prompting the layoffs. Other actions the company is taking include making its organizational structure more efficient and bringing a "new approach to how it delivers insurance products" to agents and consumers, the release said. The job...