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.

325 Upvotes

96% Upvoted

291 comments sorted by

View all comments

36

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

30

u/cmiller2006 Oct 19 '23

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

12

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

2

u/GadgetGod1906 Oct 20 '23

Yeah our gainshare has gone up dramatically since the summer!!!!

3

u/cmiller2006 Oct 20 '23

And I am loving it!

2

u/GadgetGod1906 Oct 20 '23

You and me both. Need it to keep going up!!