Thread regarding OneBeacon Insurance Group Ltd. layoffs

Layoffs are happening as I write this.

There is a big shift in the industry. Look at other companies here, all in the insurance space - all of them are having job cuts. Right now, Allstate is laying off thousands, State Farm is restructuring and there is a ton of offices being closed and things are getting really ugly. Chubb just had a major round of cuts, AIG, etc. There is a ton of cuts but all of them are silent.

Nobody will take care of you if you do not take care of yourself - the days when working in the insurance industry sounded like a stable job are over - now, you are just a number.

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Post ID: @OP+NToz1h7

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Also - Travelers had major reorg, layoffs there too

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Post ID: @jck+NToz1h7

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