One of Nashville’s biggest private companies is laying off hundreds of employees this week, according to multiple sources with knowledge of the cuts.
Asurion LLC began shrinking its workforce on July 18 and will continue layoffs through at least Wednesday, sources said. The total number of affected workers wasn’t clear on Tuesday, though sources said it might tally as high as 750 or more, depending on how the reductions are made.
Comment from company officials was not immediately available Tuesday afternoon.
Asurion ranks among the 20 largest employers in Greater Nashville, with just more than 4,000 local workers, according to List research the Business Journal published last month. That reported headcount is a decline of about 600 from a couple of years ago.
Asurion’s legacy business is selling insurance, protection plans and warranties for a range of electronic devices. The company also has continuously invested in what it dubs “tech care,” troubleshooting and repairing just about anything with a power button — from smartphones and laptops to internet-connected home appliances and devices such as thermostats and security cameras.