Iowa is facing job cuts as part of a larger corporate downsizing.
F&G Annuities and Insurance has announced nearly 200 layoffs nationwide. Of those, 103 are in Iowa. The cuts will impact staff at the company’s Des Moines headquarters and remote workers across the state.
The company says the move aligns with long-term goals. A spokesperson added that affected employees will receive a comprehensive separation package. This includes support for the transition.
The layoffs are a hit to Des Moines, where F&G is a major employer. It also adds pressure to Iowa’s broader job market during an uncertain economic period.
State and local officials have not yet announced any additional support for those affected. The impact on Des Moines and surrounding areas will become clearer in the coming weeks.
For now, more than 100 Iowans are preparing for job loss as corporate strategies shift.