Topics regarding layoffs at State Farm Insurance

Topics regarding layoffs at State Farm Insurance

Can I freeze my 401k?

I have been with the Farm 25+ years and am now age 52. If I get shoved out the door prior to age 55 I lose my subsidized health insurance. What are my options with my vested 401k?

by
| 3880 views | | 11 replies (last April 3, 2018)
Post ID: @OP+StkpNcx

How do I prepare?

I am already stockpiling PTO, paying off debts from smallest balance to largest, updated my resume, and trying to save up a few weeks worth of cash. What have I missed?

Whose decision is it?

Do we know who makes the decision on who gets laid off? Do managers submit names of lower performers or is it strictly based on how high somebody's pay is? I think that the second system is extremely stupid and shortsighted, but from what I've been... — read more 

by
| 3400 views | | 7 replies (last April 9, 2018)
Post ID: @OP+SsOp8GU

3/30/2018

A lot of wonderful people walking out the doors for the last time today. So very sad to see such talent go. State Farm does not value it's employees like it did in the past. The times they are a changing....best of luck to all who walk out today for... — read more 

Bonus

Ummm where is update information on our results for EIP.

by
| 2700 views | | 8 replies (last April 1, 2018)
Post ID: @OP+Sr6dJU2

Tipsord out?

Where are the all the people that "knew" for a fact that Tipsord is on his way out? Come on speak up, what's going on? You are so "in the know", don't leave the rest of us in the dark. Or maybe STFU about things you don't really know, just like the... — read more 

Some layoffs info

Some info in this article, I hope it was not posted before. Meanwhile, the company has provided few details about another in a series of restructuring plans resulting in the reshuffling of employees and some layoffs... — read more 

by
| 2267 views | | no replies yet
Post ID: @OP+SqRY8eM

Severance and retirement

If you are laid off, who determines if you get severance and do you keep your retirement?

by
| 2090 views | | 6 replies (last March 29, 2018)
Post ID: @OP+SqLPhGC

All major lines losing business

How is it possible all major lines within the company are losing business and severely under plan. Km referring to the report that came out Tuesday. When is this great turn around going to happen. I'm tired of hearing about scandals, I'd rather have... — read more 

by
| 2020 views | | 5 replies (last March 29, 2018)
Post ID: @OP+SqAuBwV

civility

CIVILITY IS KEY TO PROGRESS.

by
| 1003 views | | 3 replies (last March 29, 2018)
Post ID: @OP+SqYj2JT

Tipsord Rocks

Tipsord is keeping the promise. Plan is in full effect....

by
| 2350 views | | 7 replies (last March 31, 2018)
Post ID: @OP+Sq0y72s

Next layoffs

When are next layoffs expected.

by
| 700 views | | no replies yet
Post ID: @OP+Sq3DNXp

meeting

What time are the union meetings?

by
| 792 views | | 1 reply (March 30, 2018)
Post ID: @OP+SqNvcHo

Genius Plan

For the benefit of those who have not been thru a downsizing at SF. In past when layoffs were looming, SF would use managers near retirement age to be the bad cops if you will to implement whatever layoffs needed to be administered. After completion... — read more 

by
| 2020 views | | 3 replies (last March 29, 2018)
Post ID: @OP+Sqo1QyD

Tipsturd Fired For Reals

Anyone else hear anything about Tipsturd being fired? It it true or rumor? Heard if he isn't fired there is going to be a mass protest...everyone walking off the floor at 1pm tomorrow...Heard managers were refusing to continue gestapo like tactics... — read more 

by
| 2550 views | | 3 replies (last March 29, 2018)
Post ID: @OP+SqqDfOi

Prof/Tech - 2nd class employees

It was so nice to see that AVP, Directors and Leadership all get Voluntary Severance offerings and even non voluntary... Now, we have 3,000 employees on the chopping block and we cannot say at this time if we will file a transition plan or not???... — read more 

Can we survive this?

This is a serious question, can State Farm survive what's happening to it right now without losing all of its best employees? And once it loses all of the good employees can the company survive, period? One thing those on top keep forgetting is that... — read more 

Why do in house Q&A forum participators...

ask stupid questions such as this? Example: "Are you targeting 50+ workers to save on pension costs..etc?" "Great question.......Yes we are doing exactly that. Since you asked this question we will divulge our potentially unlawful strategy" If you... — read more 

by
| 2360 views | | 4 replies (last April 2, 2018)
Post ID: @OP+Spsah0h

No severance for ET analysts?

They are being very careful to not mention any severance when it comes to analysts. There is no voluntary severance. Is there involuntary severance or is that out too?

by
| 2160 views | | 3 replies (last March 28, 2018)
Post ID: @OP+SpbcJFy

Claim scum and minions

Whenever claim consultants refer to us a "claim scum and minions" run! Fear not! What comes around goes around! SF was conservative and now it is worse than Hollywood and Washington DC. Fine job on the 2016 RICO suit SF! If that's "shared values"... — read more 

by
| 1420 views | | no replies yet
Post ID: @OP+Sodl8j6

So slow. How many policies have we lost

Been in Auto Estimatics a long time. I have never seen it this slow. Tax time always gets slow but not like this. All over the country coast to coast. Well done leadership is executing their plan to a t.

by
| 2290 views | | 6 replies (last March 30, 2018)
Post ID: @OP+SonrAhQ

An open letter to Ed Rust, Jr.

Dear Mr. Rust, The State Farm you left behind is unrecognizable today. Morale is at its lowest we've ever seen. We're hemorrhaging employees and policyholders faster than we can suture the gaping wounds made by Michael Tipsord. Many of us have... — read more 

DF Forum Enterprise Technology

You said there was no time to reskill, yet Vivify was started over a year ago? Too many of us. This means it's all about cutting the headcount. If that is the case, just say so. We were told spouses would not be taken into account. DF said they... — read more 

by
| 3420 views | | 8 replies (last March 28, 2018)
Post ID: @OP+Sn0oxfh

Why isn’t the 2017 annual report available online?

When you go to annual reports on State Farm.com, you have to send an email to public affairs to request a copy of the latest annual report. What’s up with this? It used to be published about the end of February every year.

by
| 670 views | | no replies yet
Post ID: @OP+SnbYsES

The hammer drops in Tacoma today...

Any idea when the announcements will be made? late in the day when they've gotten as much work out of us as they can for the day?

by
| 2080 views | | 3 replies (last March 27, 2018)
Post ID: @OP+SnrIkhQ

Poor poor Tippy Top

management just came to us and said poor poor Mikey T.... with all the terrible rumors that are going around we should feel sorry for him that his name has been drugged through the mud. Ha.... he brought this on all by himself with his drastic cuts... — read more 

by
| 4110 views | | 7 replies (last March 28, 2018)
Post ID: @OP+Snq80bu

In case you are among those laid off or fired

If you are fired by SF you may have the right to request documentation on the age ranges of other people who were also let go. You have 180 days to file with the EEOC if you at that time believe you were descriminated against based on your age. Have... — read more 

by
| 2691 views | | 1 reply (March 25, 2018)
Post ID: @OP+SmFVWUQ

How long before severance is paid?

Just wondering, how long does it take after being laid off to see the severance money in your account? Is the transfer immediate (and of the month kind of thing) or is there a wait period for it to go through? Mainly trying to figure out if I get... — read more 

by
| 2580 views | | 4 replies (last March 26, 2018)
Post ID: @OP+SmpvjIl

We should all leave

I wish people would just leave State Farm en masse. Just get up and leave. Leave those on top to scramble and try to find people who have not already heard about the way they've been mistreating their employees to come and replace us. And than watch... — read more 

No more sick day alottment

You gotta hand it to the Farm. Getting rid of the employee sick day alottment was a crafty, crafty move!

Glassdoor reviewes

I'm trying to figure out who is still leaving positive reviews for State Farm on Glassdoor. Seriously, the only thing I can come up with is that HR is spending some of their time trying to counter all the negative reviews left by genuine employees... — read more 

by
| 2680 views | | 7 replies (last March 27, 2018)
Post ID: @OP+SlWgZLC

Tipsord's message and the mental health of employees

In the message he put out he said he knew when he became CEO he would have to make huge cuts that impact people. Did he consider how they impact people? I've heard of an attempted suicide that went right back to Vivify and pre-existing mental health... — read more 

by
| 4850 views | | 9 replies (last March 27, 2018)
Post ID: @OP+SlBUDr4

Future of Bank

The new AVPs, with the exceptions of KM and the new CFO, have operations/finance backgrounds but lack banking experience. The short term goals are getting back in the good graces of regulators, cutting costs, and taming our out of control operations... — read more 

Start a new thread - post a news comment, question or message:

: