Genworth Financial slashes unspecified number of jobs
LYNCHBURG, Va. (WDBJ) - One major employer in our area says it’s cutting jobs.
Genworth Financial says they’ve notified some employees their positions will be eliminated.
A spokesperson declined to specify the number of cuts the company will make.
They say Genworth is “focusing on its plan to realign [its] expense structure, which includes impacts to people, processes and programs” because of uncertainty regarding a merger with China Oceanwide Holdings.
The company says impacted employees will receive a market-based severance benefits package and comprehensive outplacement services.
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