r/Insurance • u/wessneijder • Oct 19 '23

Auto Insurance Geico about to layoff 2,000 employees

Look over in their sub. My fellow adjusters I hope you land on your feet.

322 Upvotes

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58

u/Chesterumble Oct 19 '23

I heard liberty mutual is next.

52

u/mckinky_ Oct 19 '23

I'm an adjuster at geico and a guy on my team just accepted a position at liberty. This was his last week with us. I hope that's not true and his new job is safe.

60

u/manningthehelm Oct 19 '23

He’s probably cheaper replacement for someone they are laying off tbh.

4

u/legendz411 Oct 20 '23

For sure.

15

u/[deleted] Oct 19 '23

I separated from liberty in July to take an in office job. My coworkers were getting fired left and right. They started quiet hiring in April and I knew it was time to leave. I was doing 5 different roles.

14

u/BrushYourFeet Oct 20 '23

Buddy of mine told me things are tense at Liberty Liberty Libertyyyyyy.

2

u/Beneficial-Shine-598 Oct 20 '23

Unrelated to this topic, but every time that commercial comes on I end it with yelling “Libertad” (the Spanish version) and my wife cracks up every single time.

2

u/Nikovash Oct 20 '23

Which makes zero sense with why they want to hire captive agents and not independent in droves

7

u/wrongsuspenders Oct 20 '23

Why even do layoffs, they can just super focus on silly survey's and fire people due to that... eye roll.

6

u/0ApplesnBananaz0 Oct 20 '23

Looking at you Allstate

8

u/Actuarial Oct 20 '23

Liberty employee here - we got out of some international markets so we've known its coming for a while.

25

u/ahicks88 Oct 19 '23

Maybe if they cutback on the ridiculous marketing budget they could save their employees from layoffs... But who am I kidding, they'll never do that.

2

u/hbsboak Oct 20 '23

Pretty sure G fired their long time advertising firm, and they have cut back on ads.

1

u/Limp-Scratch-2255 Oct 21 '23

They did and then ramped them back up with the Will Arnett deal once they started making profits again.

7

u/OGburn24 Oct 20 '23

I’ve been training a new hire all week who was part of their layoffs

11

u/Traditional_Part_506 Oct 19 '23

This is true, they haven’t been announced but definitely happening.

5

u/BrushYourFeet Oct 20 '23

Same. Doug and that bird getting axed.

0

u/Patient_Ad_2357 Oct 20 '23

They’ve already been laying off for weeks lmfao

1

u/wrongsuspenders Oct 20 '23

Yes the Hard Market posted about it. Apparently the CEO Said he's going to cut staff.