Asurion Conducts Layoffs
Posted on 11/16/2019
Asurion LLC, which had co-investment support from the Alaska Permanent Fund Corporation and the Canada Pension Plan Investment Board (CPPIB), is Nashville’s largest privately-owned company. Asurion is laying off hundreds of employees, essentially 1.5% of the company workforce. The layoffs reached all levels of corporate staff positions.
Asurion is in the business of selling insurance and warranties for electronic devices, such as mobile phones, which are under carriers such as Sprint and AT&T.
Private equity firm Madison Dearborn Partners acquired Asurion with other firms Providence Equity and Welsh, Carson, Anderson, & Stowe, back in 2007.
