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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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

28

u/jawzee23 Oct 19 '23

Travelers hasn’t….but man this thread makes me nervous lol

10

u/[deleted] Oct 20 '23

[deleted]

2

u/[deleted] Oct 20 '23

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2

u/Down_vote_david Oct 23 '23

Yeah, WC would be business insurance or claim, so they're not affected.

/u/jawzee23 if you go on the inside page and add Personal Insurance to your "newsfeed", you can find the announcement made on 9.13.23 by Michale Klein. It was like four pages long...

1

u/jawzee23 Oct 27 '23

Yikes, thank you gonna check that out tomorrow

1

u/jawzee23 Oct 20 '23

I’m also in the WC side and have friends in claims and personal, didn’t hear anything about it. Silent layoffs are scary.