The rest of the industry has already caught on to what we’re doing. State Farm is proactive and Implementing major cost cutting measures this fall. Once again it feels like Allstate is behind the eight ball and will remain second Or third fiddle to State Farm. Questionable underhanded tactics to try and achieve first place in the insurance marketplace. Let’s hope the public doesn’t find out Allstate tactics.
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Talk to your State Farm agent as they are cutting costs and going to war
I work for SF, we aren’t having major layoffs right now. We had them, department by department, from 2016-2019. We went from 71k to 58k employees.
The local offices you are talking about have been planned and communicated for a few years, as we consolidate to headquarters and the massive new hubs we’ve built in ATL, Dallas and PHX.
SF doesn’t do company wide layoffs, do it at the department level. First they announce a study, which lasts 9+ months where they review current org structure and then design what is needed in the future. Then they report back to the employees and invoke a transition plan. That can take several months to interview and determine who goes where. Then you get a QTD date if you don’t have a job, which means you get 3-5 months heads up before your last day.
Check out State Farm on the layoff. They have similar concerns.
You cannot cut your way to growth.
Period.
Source (256,000 results):
https://www.google.com/search?q="You+cannot+cut+your+way+to+growth"
That doesn’t answer the question. What do you know about State Farm having major cuts this fall?
State Farm Has been shutting down claims offices as the leases are up. Everyone in those offices is laid off when it happens. The Indianappolis office was shut down several months ago.
How do you know State Farm is having major cuts this Fall?
Just now catching on would be an indicator that they're behind... Allstate's ahead of the curve.