This is a devastating indictment of the current leadership that Geico has. There is no excuse for the poor planning that resulted in such losses when our closest competitors foresaw the harsh economic conditions of the past 2 to 3 years and are thriving financially. Because of their stupidity, all employees at Geico have suffered as their overall compensation has declined since 2021 while thousands of others have lost their positions with many of the remaining employees waiting in fear for the next shoe to drop.
All of the insulting "happy talk" in the recent emails from R8 management can never hide this fact.
Does this chart above make it clearer that we need a union to protect us from such shoddy leadership?