Thread regarding State Farm Insurance layoffs

@5ewe-you said it correctly-YOU don’t think. Hahahahahahaha.

SF the most successful and dominating U.S. insure for 100 years.

Lot of company stooges trying to deflect MTs complete failures

Can SF survive another $13BILLION loss? I dont think so. Talent pool has been decimated by terrible leadership decisions. Now what is SF going to do? Downsizing, selling assets, technology use AND still a $13 BILLION loss. Unsustainable

@4mlq-ghr only thrills left in your short remaining life are posting lies on this site and an occasional gum job from fattty patty.

@4iaq. You are so wrong. Get a brain birdy.

Most retirees don’t frequent this site. They have a life.

Go ahead "back". It doesn't exit because it was closed, relocated, or whatever. Every new hire can go back in the office, but there's not going to be anyone who knows or gives AF there anymore.

Grandpa “the liar” simpleton. Not about defending anyone. It is about calling out your constant lies and falsehoods. State lies-get called out. Pretty simple.

Uninformed, silly people. Of course State Farm is not thrilled about a $13B underwriting loss. BUT it’s consistent with what the strategy has been for at least a decade (and actually much longer) Banked the gains when the market and results were good. Build up that “financial strength” that we’re built on. Then, as a Mutual, we have the luxury of pricing for growth when competitors absolutely have to bow down to stockholders.
I doubt they wanted a loss as big as we got, and we’re seeing some price correction now. But the rate increases we’re taking aren’t nearly enough to cover recent shortfalls…..because the trends are not permanent and will turn around long before we go broke.

@2mrj-SF had record growth rather than your “bleeding policies” statement. You clearly are not an employee or you would know that. Just a troll?

Wow more mo--nic statements from the miserable retiree. At a 136 Billion in capital they can withstand a lot of 13 billion losses. No longer #1 ? Another lie presented as a fact by the senile retiree.

Can SF survive another $13BILLION loss? I dont think so. Talent pool has been decimated by terrible leadership decisions. Now what is SF going to do? Downsizing, selling assets, technology use AND still a $13 BILLION loss. Unsustainable. The linger the board does nothing about the CEO the worse it will be. On top of it all, not even the #1 auto insurer anymore and bleeding policy losses. All leadership and the board to blame. Need new leadership and gut the board.

If State Farm is gonna stay mostly remote they need to get spans of control lower. TMs need far fewer employees to keep track of the 75% of employees that are screwing off. Especially Atlanta.

@1rhu-another bs post from senior simpleton. He retired with no friends, family or hobbies. Passing off lies as facts on this site is all he has.

Speculation not facts

Whens the next union formation meeting? Tipstards house? Will there be snacks?

Companies are moving to remote working. Does SF use India for IT now? Thats remote working. SF might as well shutdown the hubs as they are already obsolete...what will losses be this year $20b? $100b?? Flush, there goes Tipsturd and the rest of SF

Another bs line presented as fact. According to LinkedIn survey 30 days ago only 14% of all current job openings are for remote. Another 18% are hybrid and remainder full time in office.

Workers going to a cubicle to work...19th century thinking by 19th century leadership. Get wih the times. Everyone works from home.

The posts by @xiam are always just lies presented as facts. Anyone with an IQ above room temperature can spot his bs.

Most of the “facts” posted here are made up on the fly. By people who want to pretend it’s just peachy everywhere else and only State Farm has these issues. @xim+1md92a8X….posts that “none of the other insurance companies are sending people back to the office.” A few simple clicks on other carrier names at the top of this very site….and it’s very apparent that they are all having the very same conversations.

@1wgp+1md92a8X……your post shows a huge problem with online discussions—-You make it clear you don’t know what the costs are, but then make a definitive statement about which is lower.
We just cannot have a useful conversation that way.

The slight drop in WFH productivity (if any) is less of a cost than all the hub leases for buildings no one wants to be in.

This topic is interesting, because if we do go back into offices, then clearly the companies gung ho approach to cost cutting stops exactly at the line where cost cutting would IMPROVE work conditions for employees....which would be extremely concerning to see.

Hope they dont go that route and listen to their workers. Granted the last 10 years have show to expect the exact opposite of what employees are wanting....which explains the extreme turnover...which im not sure isnt planned.

I think @atd meant Carvana not Carmax. They just cancelled a 570,000 sq ft sub lease from SF in the Phoenix hub.

@atd+1md92a8X
carmax? what does that have anything to do with State farm? i think you are confused.

Allstate is not requiring RTO because they are sending all their jobs to Pune India.

A senile post by Bloomington Normal’s most unhappy and ungrateful retire. 100%BS as usual.

Progressive is offering 4 days a week at home. SF can't compete with that. SF swirling down the toilet. How many billions will it lose this year? $20B? $25B?? $30B???
SF in full panic mode. Done and done. Malfeasance at the highest level...

I say bring every last one of them back in the office and train, train, train. Get em all back working together.

Keepin' your head above water
Makin' a wave when you can
Temporary lay offs. - Good Times.
Easy credit rip offs. - Good Times.
Ain't we lucky we got 'em - Good Times

None of the other insurance companies are going back in office. No leadership, no loyalty, no intelligence. No longer #1. SF is done

Plans are underway for CAs.
They ruined it for themselves.

SF is now an outlier in terms of wfh. Majority of companies now require 3 days or more per week. Wfh was never about employee benefit. It was about saving cost during pandemic. Look for announcements after June Board meetings.

There will never be a return to 100% in office. Never.

Atlanta will ruin it. Literally all managers can do is spend time validating whether they are working and most aren’t. Disgusting.

Phoenix will be the first to return to a 100%. They have ample space now that Carmax is fading fast….and plenty of room in Bloomington as well.

They did the same thing with the older generation when they had company cars. People would get up out of their desk, check out a company car and go play around on the company dime.

Most of my coworker’s brag about playing on their phone, taking care of chores or catching up on tv during work hours. Great work/life balance.