09/16/2021

Transamerica to close L.A. and Folsom offices, cutting hundreds of jobs

Financial services and insurance company Transamerica said Thursday that it will close its office in Los Angeles, cutting about 315 jobs.

The Baltimore company will also close its office in Folsom, where 30 employees will be affected. Transamerica will no longer have operations in California, though the company still owns the Transamerica Pyramid in San Francisco and will continue to serve customers in California.

Transamerica said it will also close its office in West Chester, Ohio. All the office closures will occur next year.

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