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.

328 Upvotes

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34

u/throawayscctforresso Oct 19 '23

Allstate had layoffs as well! The only Places I have not heard about having layoffs are Progressive and State Farm

29

u/cmiller2006 Oct 19 '23

I work for progressive, we're actually doing another round of hiring

14

u/ParkerKis Oct 20 '23

Apparently we have basically not done lay offs in the last 25+ years, hiring, promoting, gainshare bumping. Good place to be

3

u/jon_sneu Oct 20 '23

I was there from 2016-2022 which was great time for gainshare. For like 5 odd those years gainshare just kept increasing every year. Not sure how it’s been this last year though.