Does anyone have any more info about the ET 15% cut?
23 replies (most recent on top)
Anyone glorifying ET must be getting big bonus and part of the show
Nice to see all these ADMIN items and busy work. Anybody can do that.
What results did you get? Tell me how we retained customers or provide service please.
@4muz love the passion and your delusion.
This is all nonsense. It’s just laughable the c-ap that gets posted on this site. No, there are no big cuts planned.
ET is working. Significant realignment to product management 3 years ago to the same model used by Google and everyone else is working. Workforce and leadership were reduced (leadership significantly, we have a very flat structure compared to most other companies) yet we are deploying 2x more often.
We are in the golden area of digital and technology. There is so so much for us to do. 1000s of efforts and regular deliveries and it’s hard to keep up with customer business and automation expectations. But, we are getting it done.
The 100 or so people in my area are very bright. There are no “dead wood” left, they’ve been shown the door or realized they couldn’t hang. I’m genuinely pleased with how SF has been able to attract and retain top tech talent. Salary adjustments helped quite a bit, bc there is a war for talent.
Anyone who says “systems people” literally is ignorant and has no idea what they are talking about.
In 5 years, there will be much fewer people in underwriting, P&C Mod will be truly transformational.
Et claims is doing phenomenal. Digital pay just launched and customers love it.
SF just out grew Geico in 2020, first time since 2005. Growth thru this week is more than double last year too.
Yes the outage was a huge issue. 2,000 cold records were set globally and even though Richardson had triple redundancy they all failed. It will get fixed and it will never happen again. That’s what good companies do, they learn and move forward.
To not acknowledge the success SF is having after several bad years is to be blind.
Watch the executive briefing. Primetime said he’d like to trim 5% from the expense ratio. Mrs Hairdo confirmed transitions/cuts in HR&D and CCC and more coming in operations. Look for a repeat of 2017-18 in 2021-22. They start with HR before coming for other departments.
Recent outages, lack of delivery — where there is smoke there is fire. Need to do something
Nuthin like job securty by slowing down rollouts so eberyone keep job as not replaced yet! Is that how some areas keep their exemption ? Mod squad material
Perhaps areas previously “exempt” from the great purge of 2018 are due for a haircut? Anyone know who? Wesa demand specifics from the thread or rumor mill starter!
Why do we need these system people around. Tell me the value and services they provide. I would say 20% can go and you would see no difference!!
This is the worst attempt at a rumor
I’d be putting my name out on the wire. Not looking good some major changes coming. Good luck to everyone
@1cqd help me with this one, are these the same executives that allowed State Farm systems to go down across the enterprise for 48 hours? In SF 99 year history have we ever been totally unavailable to a customer enterprise wide for this length of time? These are not the executives we are looking for.
Nope, you are probably not IT and doing some wishing hoping that they do transformation again like 3 years ago. Probably the same person trying to restart the tippy is out rumors on another thread.
You have not heard anything since your head is buried in the sand or under a rock :)
Haven’t heard anything, sounds like someone is trying to start a rumor.
The last round did a great job of selecting and retaining executive. Now we need to do a better job selecting managers.
There's always Rivian they paying way better than State Farm right now.
Upper and middle management to blame for no back up. Time to start trimming from the top obviously not the right people in place for this happen. We have way to many at the top in middle that are trying to act like what they are doing.
It is 104%. They will rehire the laid off people just to fire them again
I have it from a reliable source the number is 85% cut in staff. The rest simply dead weight.
I would expect a higher number 36%
I heard 20%
Have not heard any rumors about this but based on the abject failure of our backup systems 15% cut seems appropriate starting with the VP down into all middle management that let it happen.