Nationwide is cutting about 250 positions and furloughing about 320 employees across the country.
Nationwide said in a statement, "These staffing reductions come as COVID-19 is making consumers increasingly price-sensitive and as the company accelerates implementation of new virtual claims and underwriting technology."
In central Ohio, about 35 people will be impacted by the position cuts and another 65 people will be affected by the furloughs, the company said.
The eliminated positions will be property and casualty claims, service and operations roles across the country and Nationwide said the decision was made in order to streamline operations and offer more price-competitive products.
The furloughed employees will be property and casualty associates and start on June 8, the company said.
Nationwide said the furloughs are expected to last up to 90 days after 20 days of pandemic time are used.
"This a very difficult decision to announce, especially during this time. We're providing affected associates with more than 60-days paid notice, a severance package and outplacement assistance. Eligible associates will be able to apply for other roles within the company," the company said in a statement.