New York Life to lay off 45 in Sleepy Hollow

By Bill Heltzel

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New York Life Insurance Co. will lay off 45 workers at its facility near Sleepy Hollow early next year.
The jobs are being outsourced, according to a state Department of Labor notice. The jobs are described as IT and finance positions.
The layoffs will begin on Feb. 17.

screen-shot-2016-11-18-at-11-01-06-amThe Fortune 100 company is “partnering with select companies who have unique capabilities that enable us to better serve our customers,” spokesman Jason Weinzimer said.

On Nov. 16, New York Life, the nation’s largest mutual life insurer, announced that it expects to pay participating policy owners a record dividend payout of $1.77 billion in 2017, an increase of 5.4 percent over what it expects to pay in 2016.

The company employs more than 650 people in Westchester County, Weinzimer said, and is committed to remaining in the county, where it has had a significant presence since 2004.

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About the author

Bill Heltzel
Bill Heltzel has covered criminal justice, courts, government and sports – as a beat reporter and investigative reporter – for daily newspapers in Florida, Indiana, Ohio, and Pennsylvania. He worked for Bloomberg LP in training and sales. He joined The Business Journal in 2016.

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