Geico to lay off 6 percent of workforce nationwide, internal letter confirms

The Hill ^ | 10/20/2023 | ADAM GORSKI

[ChicagoConservative27]

BUFFALO, N.Y. (WIVB) – Geico is cutting its total workforce by 6%, laying off roughly 2,000 of its employees as of Thursday, according to a letter from the auto insurance company’s CEO.

“This very difficult decision was not taken lightly. We recognize we’re saying goodbye to beloved colleagues and friends, and as a leadership team we are committed to supporting those affected in the days ahead,” CEO Todd Combs wrote in the letter, which was obtained by Nexstar’s WIVB.

[ChicagoConservative27]

More Bidenomics

[lightman]

I hope Nationwide announces at least DOUBLE that percentage.

That company is definitely NOT “on your side”.

[PeterPrinciple]

In addition to news of the layoffs, the letter also informed remote and hybrid employees that Geico will be requiring workers to increase their number of “in-office days.”

[Gay State Conservative]

I had been with them for quite a while for car insurance.No accidents and no tickets for the entire time. Last July they told me my premium was going up about 40%. I dumped them.

[glorgau]

That reminds me, I need to cancel my car insurance wit them.

[Leaning Right]

I hope I’m not jinxing myself. But I’ve been with Erie Insurance for decades, and I don’t have a single complaint about them. So maybe they’re worth a look.

[SteveH]

recession(?)

[lee martell]

That annoying lizard with the faux cockney accent will have to move back on the boulevard again, hopefully under the same rock where they found him.

[Deaf Smith]

Getting rid of that green lizard and going with a tranny should help their bottom line.

[dfwgator]

That annoying lizard with the faux cockney accent will have to move back on the boulevard again, hopefully under the same rock where they found him.

Too bad Flo can't join him.

[TomGuy]

If they would cut their ads by 50%, they could afford to keep more people.

[lee martell]

Oh...Flo!!
Isn’t she rich enough yet?
As time goes on, her co works seem to get more wimpy looking.

[NautiNurse]

If they would cut their ads by 50%, they could afford to keep more people.

You know it!

[cabojoe]

[lee martell]

Now, there’s a Caveman in dire need of a Mullet Trimmer.

[dfwgator]

Aren’t they all faygs, anyway?

[lee martell]

Who? Actors or Insurance Agents?
Either way, it’s a broad generalization.

[clearcarbon]

"Geico to lay off 6 percent of workforce nationwide"

[BobL]

Hopefully their marketing department is part of the layoffs.

[13foxtrot]

Probably using more AI to replace low level claims adjusters or customer service.