From Yahoo Finance: 2025-05-03 10:57:00

Berkshire Hathaway’s Geico auto insurer has cut tens of thousands of jobs to improve business performance. Headcount reduced from 50,000 to 20,000, with $2.2 billion in pretax underwriting earnings, a 13% increase from last year. Geico CEO Todd Combs credited for progress in rebounding market share lost to competitors. Jain emphasizes need for AI focus to remain competitive.



Read more at Yahoo Finance: Berkshire’s Geico Has Cut Thousands of Jobs in Turnaround Effort