Acrisure announces 400 layoffs, citing technology and automation

Acrisure said Wednesday that it will lay off approximately 400 accounting employees next year, citing advances in technology.

The Grand Rapids, Michigan-based brokerage said that beginning in early 2026, “we will reduce the size of our accounting workforce as the company continues to advance in technology and automation, which are driving systemic change across industries.” The cuts represent about 2% of Acrisure’s staff.

The changes are needed for the company “to remain competitive, strong, and able to deliver what our clients expect from us,” the company said.

Acrisure is automating processes that are currently performed manually, a spokesman said.

Acrisure, the world’s eighth-largest brokerage, with $3.95 billion in 2024 brokerage revenue, has approximately 19,500 employees, including 14,900 in the U.S., 2,000 of whom are based in Grand Rapids.

The company has grown rapidly through hundreds of acquisitions over the past dozen years, though its pace of deals has slowed over the past two years, and it has focused on integrating its operations.

Earlier this year, a capital raise valued the company at $32 billion.