Thread regarding GEICO layoffs

would you become a geico agency owner today?

just curious, what do you think in light of the recent events

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| 771 views | | 2 replies (last October 28, 2023) | Reply
Post ID: @OP+1pjw0vXJ

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that's a big committment and geico is way unstable right now

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Post ID: @pjk+1pjw0vXJ

I know layoffs are hard for employees, I am sorry to see a large number of folks being let go.

As an agency owner, I'd be worried. I would think that this move (layoffs) is to improve the cash flow and ensure longevity, and if that's the case, amen, it was a good move for the company.

But, this can also mean that they are not managing properly and they are cutting deep into their human capital to compensate for poor management - if that's the case, I'd be very concerned.

I am not sure which is it right now but we will know soon

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Post ID: @mvm+1pjw0vXJ

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