MONTPELIER, Vt. (WCAX) National Life has laid off 53 employees in Vermont.
The insurance company says the layoffs were in response to the economic downturn caused by the coronavirus.
In a press release, National Life's Chairman, CEO and President Mehran Assadi said: "Our departing employees have each played a meaningful role at National Life and the painful need to address current realities does not diminish their contributions... I thank each one for their service to the Company."
Assadi says National Life doesn't anticipate any further layoffs.