Chairman's Council, Legal and Investment departments so far, unscathed. HR, Claims, IT, Ad Servc, Bank. Op Ctrs, parts of Agency and Mrktng and customers are all paying the price of poor executive decisions and years of empire building. I'm sure I missed other departments already "impacted". Just look at who is out, this is a total age discrimination case. Even with all these changes, State Farm is definitely at risk of staying afloat. How long before they go after the independent agent contracts? SF is becoming a huge call center and a poor one at that. No accountability, now "leaders" with no knowledge nor experience. CEO if left in power, will continue this discrimination for at least 3 more years. Customer service and even internal service continues to decline. As they continue this brush fire of 50+ employees, retention will take big hits, why would you keep your policies and accounts with a now unethical company. So sad to see such a great company declining bc the CEO worships the almighty dollar. No doubt changes were needed, should have started with the executives making the poor decisions which brought the company to this point. How the company has been able to get away with not reporting this massive layoff to government officials is beyond my imagination. This impacts the entire US and there will be a ripple effect. This is not simply cutting the fat, they are cutting seasoned employees and changing department names and job requirements then posting the jobs of the people they just kicked to the curb. Hiring much younger and less expensive employees. Prepare agents, your contracts are being reviewed by floors of Corporate lawyers and lawyers retained throughout the US.
5 replies (most recent on top)
Why is it that the media does not report on it. Surely aomeone has called!
I agree! And L&D who provide curriculum and instructional design among other things, cut 80%. Its a mess.
So true! Only SF employees and their families know the drastic changes this company has gone through in recent years. No longer the company you can plan a career with. They are driving out the experienced staff (50+ w/ 25 or more years experience). Now just waiting for Friday to see who will get a job offer. The general public does not realize how many employees SF is cutting loose.
That’s because no one knows what SF is based on all the crappy commercials that air every 3 minutes!!!
Very well written. The public has no idea.