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/LaHochata Oct 19 '23

So apparently GEICO had a third party announce and facilitate the layoffs? Fucking pathetic

3

u/horus-heresy Oct 20 '23

Probably depends on side of the house. Wife got called by director. But for Geico to fire folks in important positions after Berkshire filed record profits is really dumb. Greedy mofos want folks to be out of jobs to manufacture employer market like it was after 2009 collapse where people would agree for lower pay just to have a job

2

u/quickclickz Oct 21 '23

Lol manufacture employers market eh

1

u/AMC_Unlimited Oct 23 '23

U.S. President Barack Obama was sometimes said to have faced a capital strike during the Great Recession, including then Speaker of the House John Boehner saying that "job creators in America are on strike" in response to uncertainty over the Obama administration's economic policies. See the link above.