Mark your calendar. Heard from two different sources.
24 replies (most recent on top)
For P&C employees, if Farmers keeps the Guidewire projects, they should have their jobs for another 20 years.
The "retirement" emails are starting to trickle in with a last day of March 31st.
MetLife cash on hand for the quarter ending December 31, 2020 was $24.405B, a 25.46% increase year-over-year.
MetLife cash on hand for 2019 was $16.598B, a 4.91% increase from 2018.
MetLife cash on hand for 2018 was $15.821B, a 24.56% increase from 2017.
MetLife cash on hand for 2017 was $12.701B, a 0.4% increase from 2016.
Not including any cash from divesture of P&C. You'd have to think they were looking for more acquisitions.
Dunno.
CFO seemed pretty somber delivering the earnings video.
But, they do seem to have a boatload of cash.
Anyone have new info on this? The earnings report was very good but they are in the business of making money, so I’d think they are still looking to trim expenses.
@jxjh+18NtSaLY: I fear you are right.
Sadly, the North Carolina reboot of IT didn't work. Too much of the existing management stayed in place.
The problems isn't technical. The problem is the barriers that the organization puts in it's own way.
From what I've seen, outsourcing IT would be on balance a good move. The only time I've seen the company really flail is when they've tried to do IT in house. Conversely, the engagements with external parties have really shown up the in house capabilities, running circles around us. Your mileage might vary, but I have worked in MetLife IT for many years and seen this multiple times.
If I had to guess, I'd guess that if there is a March layoff that it will be mainly IT.
Seems like it always is. I'd guess that it will be relatively small to meet budget cuts. (Yes, I know. When it's your job being cut, it isn't small. )
But, I think even bigger, cuts may be down the line in a year or two if IT outsources to one of the companies that they are talking to now. I'd guess that Pappas/Khalaf feel that IT is not a core competency for an insurance company and that outsourcing will save money.
I think this is wrong.
If it happens, it will be "transformative" and result in large layoffs or early "retirements".
Heading should be "Next round March 2021", right?
https://www.lifeannuityspecialist.com/c/3014863/378733/life_insurers_mulling_more_cuts_study_shows?referrer_module=emailMorningNews&module_order=12&code=YzNONlpYZGplblZyUUcxbGRHeHBabVV1WTI5dExDQXhNelExTVRZeU15d2dOakkxTXprd09USTE
What is truly anonymous anymore?
But, it's probably more anonymous than our "My Voice" survey (which are only "confidential") though I believe the P&C head called them anonymous at one point.
is this place truly annonymous?
Heard the same. No data, just rumor, but they were right the last time.
Good luck.
@4xoy+18NtSaLY Really not up on your critical thinking or logic skills are you? Check out the home page of this website and tell me if you think we shouldn't be talking about rumors?
https://www.thelayoff.com/
News, personal experiences, rumors and speculations about layoffs at your company
TheLayoff.com is live since January 31, 2009!
TheLayoff.com is a simple discussion board for all of us who would like to learn more about the rumors or possibility of job cuts in our company.
Rumors are not helpful. I should not have said disgruntled. However, information that is being put out there is contrary to what you are saying,
@4qpp+18NtSaLY Disgruntled because I reported a rumor? Explain how that makes sense.
I think this false. All the information I am getting is completely different. Disgruntled much?
User @1xwj+18NtSaLY you clearly work for MetLife. Try reading the post below for your answer.
What department?
Not giving input on source. That is how a source stops being a source.
I wonder who the source is? What department?
That's too bad. I learned about my layoff six months in advance back in '19. Hopefully, they will do the same so that people can plan accordingly.
What's with the down votes on the original post.
Are you down-voting because it's bad news? (That's not how you should vote)
Or, are you HR trying to do your patriotic duty?