State Farm and Wells Fargo are the latest companies to announce job cuts in Illinois this week.
Workers finish the trim on a new State Farm sign in 2012 at the insurance company's corporate headquarters campus in Bloomington. State Farm said it will eliminate 451 positions at the end of March 2023.
Insurance giant State Farm, which is headquartered in Bloomington, told the Illinois Department of Commerce and Economic Opportunity it would eliminate 451 positions at the end of March. Wells Fargo reported the layoff of 140 workers in Springfield.Chris Pilcic, a spokesperson for State Farm, said the company’s filing stemmed from its decision in January to outsource its IT help desk and infrastructure services work to an outside technology company, HCLTech.
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