KY office closing in June. IN office closing in August. I am sure there will be a domino effect coming.
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No domino effect. Believe it or not, there’s no office closing master plan. As lease renewals come up, management looks at size of the office, policy growth projections (even though, with technology, geography no longer matters) ability to hire and retain talent in that market (this may be the biggest factor). If an office has a turnover rate of 15% because of a hot local job market, that’s an expensive way to run the business.
Every office is evaluated individually.
Offices open. Offices close. It’s been happening forever. The jobs aren’t being eliminated for the most part, so remain flexible and mobile. In the early 2000’s, we closed 70 out of 210 offices. The claim department grew by 2500 employees in the next decade.
Nevada office is closing in August.