Have we ever had layoffs the week after Labor Day weekend? I can't recall it myself. Any chance that means we are safe next week?
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It's coming. AIG had to deal with some of the property that it rents out this week and leases being broken. More lay offs are coming. Don't be caught by surprise. There are a lot more heads to be targeted in the next 3 weeks and ongoing.
I heard that there were going to be layoffs this week but haven't heard of any
In home office - it was shared with me that layoff would be on a rolling basis until the end of the year
I was layed off two weeks ago.
Remember, this is a business decision. BD has to do this because there is nothing else to do.
Not writing new business
Combined ratio is above 100%
missed earning 9 out of 12 quarters
3 CEOs in 7 plus years
Can not sell any divisions due to combined ratio (should have sold personal lines 3 years ago)
This is a business decision
Good luck
We probably are safe, but next Thursday is a pay day and typically they do it the week of pay. It seems like it was too quiet this week and I didn't hear of any lay offs this week