Geico confirms significant layoffs, pushes for return to office
The insurance company said at least 2,000 employees would face layoffs, making up some 6% of the firm's workforce.
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The insurance company said at least 2,000 employees would face layoffs, making up some 6% of the firm's workforce.
The Oracle of Omaha has purchased shares of this company for 20 consecutive quarters.
In a letter to employees, GEICO president and chief executive officer Todd Combs said the Berkshire Hathaway company is laying off 2,000 associates, or
The cutbacks amount to roughly 6 percent of the company's total workforce, CEO Todd Combs said in an internal memo to staff on Thursday, which was obtained by DailyMail.com.
Geico's CEO on Thursday announced the company is cutting 6% of its workforce, that includes at least 22 of the 3,000 workers in Lakeland.