Geico shuts 38 offices in California and lays off hundreds of people
GEICO, one of the largest insurance companies in the United States, has closed all 38 of its offices in California, resulting in hundreds of layoffs.
In what I assume is a cost-cutting move, GEICO is closing all its offices in California. I’m no accountant or financial whiz, but if I were GEICO and trying to save money, the first place I would start is cutting their advertising budget by 2/3. 90% of the ads I hear and see are either GEICO, Progressive, or Comcast. 3 things that barely need advertising since once you’ve bought them, you pretty much stick with them out of laziness.