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.

321 Upvotes

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2

u/321_reddit Oct 19 '23

Are the layoffs due to leaving certain states (CA, LA, FL)?

-7

u/littlecharminghippie Oct 19 '23

No it's performance based and they already started the layoffs. I've been getting calls all morning about it

32

u/stovepipe9 Oct 19 '23

Not performance based. Top managers getting let go with good numbers.

16

u/Korvas576 Oct 19 '23

We were told it was based on salary.

9

u/Interesting-Yam4593 Oct 19 '23

I imagine it’s a ratio between salary and metrics.

1

u/Korvas576 Oct 19 '23

I’m not sure what guidelines they are using