Topics regarding layoffs at State Farm Insurance

Topics regarding layoffs at State Farm Insurance

My only regret is...

I'm 55 and started looking for a job outside of State Farm in August when the "Transformation" was first announced. I saw the writing on the wall then. In October another company, a leader in their respective industry, contacted me and brought me... — read more 

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| 12230 views | | 14 replies (last July 18, 2023)
Post ID: @OP+RVKJAIu

Compensation

I would be very interested to see MT’s compensation numbers after this year (it is in the public domain). His base salary is 1.47 million plus incentive bonus based on metrics based on financial results, growth, customer retention, and employee... — read more 

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| 2330 views | | 4 replies (last February 27, 2018)
Post ID: @OP+RV11MwF

There is so much I can say about State Farm

I used to work at State Farm. I worked nine years as a State Farm employee. I quit the summer of 2017. I worked in Injury during my last year. While I was not laid off, I felt as if my hand was forced. There are a number of factors that made me throw... — read more 

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| 5070 views | | 9 replies (last March 1, 2018)
Post ID: @OP+RVNZys2

Meeting last Friday.

There are 8000 employees worldwide in the field including managers. 3000 will go through a tough time here soon. It’s sad and disappointing.At this time, I am safe but for how long? It’s not easy to say do something about your situation when you have... — read more 

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| 3520 views | | 8 replies (last February 28, 2018)
Post ID: @OP+RVQnk47

It's broad

First, layoffs is not fake news as some want to portray it. I am not big fan of our management, but they are not hiding it - The Tribune had a cover story in the business section on this. Second, layoffs are not just at Corporate and not just IT... — read more 

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| 2090 views | | 3 replies (last February 27, 2018)
Post ID: @OP+RV7N3QV

Do the executives see themselves as visionaries?

I'm just wondering what goes through the mind of someone like Tipsord or Fawad each time a new consulting firm comes up with a grand plan for organizing Systems or other areas of the business. I picture them sitting at a big table in a grand room... — read more 

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| 2570 views | | 7 replies (last February 1, 2024)
Post ID: @OP+RVvVt6B

Myopic Vision at SF Corporate

And that right there is what has always been our problem: Corporate doesn't know anything about the real world outside of the safe corporate bubble. Everything you said is false. People are being reassigned out of roles they're good in for sh--ty... — read more 

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| 3680 views | | 11 replies (last March 15, 2018)
Post ID: @OP+RVZZ1RM

Auto Estimatics Re-Evaluation

I don't know if all Estimatics employees received the same email this morning, but in my area, we were advised earlier today that we would not be getting our decision form today, but later in the week. Apparently they're reevaluating the numbers. Our... — read more 

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| 2830 views | | 6 replies (last February 28, 2018)
Post ID: @OP+RVhMl6O

Share Buybacks

You're in the financial industry, so this is a topic you should have a working knowledge of, but most don't. Let me nutshell it for you.: Corporations are buying back their own shares like never before in history, we're talking trillions of dollars... — read more 

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| 1950 views | | 11 replies (last February 27, 2018)
Post ID: @OP+RVRAcrW

Loyalty is a two way street

I continue to pray for all people still in limbo. Loyalty is a two way street. When you let go leadership that worked for years and truly believed in the company and many times had to miss family events etc, that says more to the rest of employees... — read more 

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| 2090 views | | 2 replies (last February 26, 2018)
Post ID: @OP+RVzj6IM

Claim and Section Managers

I really don’t understand how SF after years of dedicated service cut these jobs as coldly as they did. I worked for over 20 years with some of these managers and I was shocked by some of the ones they displaced and kept the ones who actually needed... — read more 

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| 7460 views | | 11 replies (last September 3, 2021)
Post ID: @OP+RUslmIg

The Great Pension Crisis

Govt's and corporations across the board are not fully funded to pay out pensions in the coming years. That is a fact. Google it. If you're expecting to get a pension over the next 5+ years, you're in for a surprise and my guess is we don't make it... — read more 

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| 4511 views | | 28 replies (last February 27, 2018)
Post ID: @OP+RU3qp0S

Enterprise Technology Managers

Anyone know how many Enterprise Technology Managers we’re not offered positions (not counting the ones who took voluntary severance)? I’m hearing numbers anywhere from 12 to 90. In the Management meeting a couple of weeks ago, Ashley said “in the... — read more 

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| 2970 views | | 6 replies (last February 25, 2018)
Post ID: @OP+RUz4lYX

Pension

Any word about the direction pensions will go? For those of us close to drawing down our pensions is it correct all of our benefits are grandfathered in?

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| 2581 views | | 8 replies (last February 28, 2018)
Post ID: @OP+RUUltgO

My experience

I currently work for State Farm corporate. Whenever State Farm closes a location they give their employees over a year notice they offer relo to full time employees whose job is being moved to a different site and for those who decided not to move... — read more 

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| 6160 views | | 23 replies (last March 16, 2018)
Post ID: @OP+RUdSvwl

Hey California

Where's the class action when we need it? How can the farm layoff 50 year olds and up? We need a union or something. You'd think the stress alone of not knowing would be enough to suit for emotional damage. Please get on this. California has the... — read more 

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| 2180 views | | 4 replies (last February 26, 2018)
Post ID: @OP+RUmFbI1

Hubs

Hey hub employees. Are the hubs done are they adding to the hubs? When will they be done? This may give us an idea when all of this will be over. Please let us know if they are buliding or adding more buildings and when they are expected to be done... — read more 

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| 3350 views | | 12 replies (last February 28, 2018)
Post ID: @OP+RUawTm8

Happening everywhere, not just State Farm

When you realize this isn't all about State Farm, and poke your head over your fishbowl to see layoffs going on everywhere, you will start to see the big picture. At that point you will get it, or start to get it.

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| 1760 views | | 8 replies (last February 26, 2018)
Post ID: @OP+RUhUc4X

401k

Just a suggestion when a lot of us get the axe. I plan on taking my 401k elsewhere. They will not keep a dime of my money to ‘manage’. They couldn’t manage a lemonade stand well. As long as you roll it into another retirement type fund at Fidelity... — read more 

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| 3610 views | | 16 replies (last February 25, 2018)
Post ID: @OP+RTNNsfC

Looking forward to this being over

Anybody else checking this site and stressing over what's to come instead of relaxing during the weekend? Being in my early fifties, I know my odds will not be good when layoffs hit. And I also know that job market for somebody my age is far from... — read more 

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| 3210 views | | 6 replies (last February 26, 2018)
Post ID: @OP+RTTNoZQ

Marketing

Marketing is the only general department that hasn’t heard a thing. I am sure it’s a matter of time. Any info on future plans would be appreciated! Not knowing stinks.

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| 1640 views | | 4 replies (last February 25, 2018)
Post ID: @OP+RTzQgGM

This could be useful

Thought this could be useful here, considering that some of us will be out of a job soon. Some good advice here, even if some of it is really obvious. New career search doesn't have to be daunting... — read more 

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| 2275 views | | 2 replies (last February 24, 2018)
Post ID: @OP+RTHQuL7

Bloomington

It's like can you guys come on all ready. All this waiting to hear about our jobs as analyst is crazy. It's bringing out the worst in people and in the worst in the town. #overit

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| 1250 views | | 1 reply (February 26, 2018)
Post ID: @OP+RTPthmM

You Are Regressing Into Just Another Crappy Corporation

As a current State Farm employee who was impacted by the reorganization, Ive watch several of my friends leave or retire from The Farm. The choices the company gives are irrational. They’ve become a metrics based organization ever since Tipsord... — read more 

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| 4250 views | | 14 replies (last February 26, 2018)
Post ID: @OP+RT3HlOo

Opinion: Complete shutdown of bank next month

The bank is an operational nightmare that has never been on the right path, or any path for that matter. Deposits are stagnant, the mortgage product is a joke and vehicle lending has no clue how to compete in the market. The bank has been developing... — read more 

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| 3870 views | | 8 replies (last February 26, 2018)
Post ID: @OP+RTW6yUh

Is it certain it's just IT?

I was wondering if it is true that the layoffs will only hit IT? My dad works at Bloomington, but he is not IT, so I'm not sure if he is safe or not. He keeps saying there's nothing to worry about, but he'd be saying the same thing if we were on the... — read more 

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| 2560 views | | 6 replies (last February 25, 2018)
Post ID: @OP+RSFDYKe

The real world is coming to Bloomington and State Farm

Where on Earth has any business stayed at the top of their industry for 10 years, much less 70 years as SF has. There are times when you have to change A LOT. The entire Agency structure shrunk and a significant number of high paying jobs were cut... — read more 

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| 2740 views | | 3 replies (last February 25, 2018)
Post ID: @OP+RSmIEi6

Good advice from an old-timer

Thought this could use to be pushed to the top given latest news. Not my post, OP is @RpNmAyg-olkf. I worked for State Farm for 25 years and left well before retirement age feeling it needed to trim down. It was tiring trying to make a difference; so... — read more 

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| 3130 views | | 7 replies (last February 24, 2018)
Post ID: @OP+RS8WiuF

Confidential Info Discussed on Layoffs.com

I am appalled with what folks are discussing here – there is a lot of confidential State Farm information here. This information is proprietary to State Farm, henceforth it should not be discussed in a public forum like this. Discussing layoffs in... — read more 

Be self-reflective while whining here...

I'm a thirty year employee of State Farm and while, yes, there have been some layoffs, and more are expected, where were all you malcontents when they couldn't find enough Systems and IT people to staff their needs? Those first rounds of layoffs... — read more 

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| 2350 views | | 7 replies (last February 26, 2018)
Post ID: @OP+RSKNOEN

TBDs on the IT Org Chart

They are releasing a lot of first line but then promoting or hiring more first line. There is some sketchy method to the madness, and someone is making those decisions. Look at the new org chart for IT: they have many TBD on it where they should have... — read more 

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| 1980 views | | 3 replies (last February 25, 2018)
Post ID: @OP+RSDAmqA

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