Today Fed Ex announced cutting 6300 jobs and paid 575 million in severance. SF isn't any different. Coming to your front door soon. Be prepared! The sooner you realize what you're being sold is a lie, the better off you will be.
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Amazon going union?
Here's a cookie! Now sleep on the ground in the parking garage and shut up! There's inclusion for you.
You got that right, what we needed was a fairly basic CRM and we got this rube Goldberg piece of c-ap which is not even great at what it is supposed to do regardless of the amount of time you waste on it. Salesforce laughed all the way to the bank on this. State farm should be ashamed.
Sad sad sad...everyone wants out. Speaks volumes.
Agent here, I would take a buyout in a heartbeat, say 2 to 2.5 annual earnings and I would be outta here so fast my State Farm Khakis would split a seam. Then let the internals service what would remain, I am sure the co would bonus all the CCC employees with the savings.
@1pmb. They didn’t even say anything good about State Farm. How do you figure that’s a– kissing?
So that explains why all the executives have been using chopsticks so much. Thanks for the levity.
SF has reduced about 12k jobs over the last 3 years. SF doesn’t do big splashes like public companies like FedEX but smaller dept by dept.
Jobs that will decrease in the next 2-5 years are underwriting jobs. The massive new data modeling and automation that will come from P&C mod will reduce the need for many underwriters and most USAs. My guess is 50-70% cuts by 2025/6. The new systems are amazing, and allow a lot more efficiency.
Claims will also slowly reduce over the decade as new technologies support virtual estimate, AI/Machine Learning, automated triage, analytical driven decision making etc.
These just represent how new technologies drive cost out of running the business.
Keep in mind, SF isn’t failing. Just grew 138k autos in the first two weeks of 2021, which is stunning.
BREAKING NEWS.....SF Outsources all jobs to CHINA.....
Actually a buyout would be greatly welcomed by many I believe
Early buyout. What a happy thought.
@ckl Hey look! it's that guy making another appearance. You are in the wrong place, you are looking for the State Farm a—kissing message board, it's called Yammer where you can get all of your company virtue signaling in.
Company is still growing so even though claims are down not sure why they need to do anything now other than a hiring freeze and don’t replace people when they retire. At worst maybe an early buyout for some of the 55+ year olds but leave the rest of us alone. 🤓
What is wrong with you people? Yes....absolutely everybody expects some sort of change. Nobody knows what it will look like, exactly. And it’s happening everywhere across the entire economy. So stop posting about what’s happening everywhere (while pretending it’s only State Farm) and stop pretending to have some special insight that nobody else possesses.
The jobs are being cut in Europe but your point is still valid.