Once this is complete General Insurance will receive a capital injection of billions of dollars which will allow more stock buy backs and dividends to boost executive stock options and make wall street happy.
It will also force General Insurance to stand on its own. We all know General Insurance struggles, but management feels they are turning the corner so now is the time.
What happens when management laser focuses on one business segment? You know the answer, the low hanging fruit is expense reduction. Look for downsizing, outsourcing and technology to dramatically reduce head count starting in Q2 and continuing indefinitely. It is not a secret. Read the articles on the internet. Read PZ's quotes on the plan for GI.
Prepare yourself now for a future layoff or take another position. At least you won't be blindsided when the reaper comes for your job. Don't say you weren't told this was coming.