A Nationwide spokesperson confirmed on Wednesday that the company is eliminating 400 positions.

COLUMBUS -- A Nationwide spokesperson confirmed on Wednesday that the company is eliminating 400 positions.

Nationwide employs 35,000 people nationwide according to a press release, making the cut just over 1 percent of its entire workforce.

Nationwide Mutual Insurance is the fifth largest employer in the City of Columbus.

Director of Public Relations Eric Hardgrove said their job eliminations are "ongoing adjustments" the company is making to "provide an increasingly seamless experience for members and distribution partners and position the company for long-term growth."

The job losses are dispersed across the country and across various business lines and staff functions that support these businesses.