Summarize this text in one paragraph: Insurance company Genworth Financial Inc. is laying off 95 employees from its corporate headquarters operations in Henrico County. The job cuts, expected to be permanent and effective on March 27, come less than a month after Genworth's long-delayed plan to merge with a China-based company was put on indefinite hold. Genworth had confirmed last week that it was notifying employees that their jobs were being eliminated, but the company declined at the time to provide a specific number. The Fortune 500 company filed a notice of the job cuts dated Tuesday with the Virginia Employment Commission's Dislocated Worker Unit, which responds to mass layoffs. That notice did not indicate whether Genworth employees outside the Richmond region were losing jobs. The company also has operations in Lynchburg and in North Carolina. The notice listed more than 60 job types that are being cut in the Richmond area, including account managers, project managers, customer service representatives, administrative assistants, and several vice president-level jobs. Genworth President and CEO NAME_1 told investors and analysts on a conference call on Jan. 5 that the company would look to cut costs after its planned merger deal with Beijing-based China Oceanwide Holdings Group Inc. was put on hold. Genworth sells both long-term care insurance that covers the costs of nursing home or at-home care, and home mortgage insurance covering defaults on home loans. China Oceanwide agreed in October 2016 to acquire Genworth for $2.7 billion, or $5.43 per share. The closing of the acquisition has since been delayed numerous times as Genworth sought approval for the deal from state and federal government insurance regulators. Those approvals all were eventually cleared, but Genworth officials said earlier this month that China Oceanwide's efforts to obtain a financing package for the deal had been indefinitely delayed, in part because of disruptions caused by the COVID-19 pandemic. Either company could terminate the deal at any time. In your entire response, the letter z should appear less than 49.
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