Thread regarding State Farm Insurance layoffs

Get Ready

I heard the budget is a disaster, I would expect and plan according to significant benefit reductions, I remember when it was all about the budget and unit count, now its like we are throwing dice. It obvious we have the wrong people in leadership positions. Leading by fear and penalties on not meeting metrics, leads to substantial turnovers and a substantial reduction in quality of the customer experience and overall results.

Sometimes having a steady, clear and honest approach provides a balance on conserving and securing business. I think the person that can provide and communicate the future clear and honestly will be successful. We are now in a state of affairs that is confusing and obviously has been poorly communicated and executed. My father-in-law works at Ford, they just experience this same situation with the prior CEO.

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| 2702 views | | 6 replies (last November 5, 2018) | Reply
Post ID: @OP+VXRH0cf

6 replies (most recent on top)

I’m not sure about I HEARD but I’m seeing a trainwreck on the Horizon. Not sure what your department or planet you are on but we are getting crushed. Claims is in total flame out underwriters are leaving in droves, agents are already setting up separate businesses and independent agencies. If we continue on this same track I wouldn’t worry about number 1 I would be looking at 4 to 5.

Our Life company is a total disaster we aren’t even in the top 25 in internal rate of return. And the securities deal is really bad.

Keep drinking the Lemonade

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Post ID: @2ydf+VXRH0cf

Any post that begins with “I heard” is a waste of time.

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Post ID: @1eah+VXRH0cf

True, it's $100B in net worth. Whoever keeps posting that is clueless. Probably an AVP.

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Post ID: @tgn+VXRH0cf

We don’t have 100 billion in “reserves”

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Post ID: @utr+VXRH0cf

No

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Post ID: @xxy+VXRH0cf

100 billion in reserves. We are fine

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Post ID: @vqf+VXRH0cf

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