Thread regarding State Farm Insurance layoffs

Execs only care about themselves......the people aspect at SF left the Farm 5 years ago.

https://www.carriermanagement.com/news/2024/03/01/259296.htm

what is more telling is how others carriers are turning a profit, thru rates and expense reduction. as an example, Geico, the number three auto carrier, has 31,000 employees INCLUDING its sales and service roles. how many employees does sf have for being not that far off from G in market share? what are nonessential roles at.the company ? serious question

Bidenomics for sure!

@cdjl The problem. Condescending, arrogant, and selfish. There's more to being a leader than what you say. May I suggest you learn it.

All I ask of you people is to do your jobs, however minor they may be. If you would, please allow me, my amazing son, and my delegates to focus on the financials and other big picture issues. I only have a few months left at State Farm. This should be a time to appreciate my leadership and the wealth I have generated. That is all, get back to work.

@croy Is there a POC CEO of any insurance company? Farmers are “YT” people, by the way. What people domesticated animals and spread agriculture all around the world? Why does SF even exist? Check your smoke alarm.

More rich YT people making too much money. If they ever get a POC as CEO they will blame them for everything.

When will execs salaries be released?

And yet your leadership believe the CEO of SF is inspring. Sheep. All going to an empty promise trough.

If "We the people" operated our personal finances the way SF and our federal government did, they would sieze all of our assets and put us on the streets. The biggest crook gets away with it.

There are numerous positions of bloat. The joke was that the goal was to get a job in data processing, which became Systems, then ET. You made it then. We didn’t do anything of substance for most the day, have ad hoc meeting after meeting, celebratory lunches and happy hours weekly, work on projects that eventually get scrapped.

@3peg. So in essence claims is not customer facing. So the customer is paying a premium for a non premium product result? Interesting.

Unclear

I guess my point is that most positions are not customer facing. So customers “ view” agents and agents staff. That’s about it. Maybe the rare encounter with a field claim rep, but even those are rare now. So they relate their agent, the agent staff, and Jake with State Farm. And now Arnold. That’s just how it works.

Customers view agent, agent staff, and anyone affiliated with SF as an employee of SF.

@1nhg….Except for Claims, policyholders don’t even realize there are employees. Even at the agency level, we spend money on marketing and advertising because it works and the results are measurable. If we stop, we don’t have people call to buy insurance because they heard we have great underwriters.

@1nhg-congrats on the most uniformed response lately-and the is saying something!

@1ujq - Why do you assume I am white?

@1jiw. Youd have to be an id--t to not realize their best marketers are their employees. If the employees dont believe in what they produce, their doomed.

You have to be an id--t to believe they spend marketing dollars without expecting an even bigger return on investment.

Ahhhh, didn't take long to make it about race, did it? Funny how some folks always play that card, no matter what.

The better question is this: If the people at the top were anything other than White and predominately male would they still be here?

This is a rhetorical question.

Its their narrative. Dont you think whats going on in board rooms is any different than DC? They operate on OPM. We the people are beginning to see it. Its coming.

@qwm-if your work can be done remotely then it can be done in India. WFH has been a nice test to discover what can be outsourced and what cannot.

That's what you get when the CEO is also Board Chairman.

Working from home is the best. You can catch up on Netflix show. Try to make us return execs.

Not just that, the half time shows they sponsor, the athletes. What a crock.