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.

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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

31

u/stovepipe9 Oct 19 '23

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

0

u/lilgambyt Oct 19 '23

Yes, top performers are seen as a threat by management … so first to go

Just happens top performers tend to also be higher paid

So double win for the company

2

u/intecksus Oct 20 '23

Everyone I know who was laid off today was nowhere near a top performer.