Thread regarding State Farm Insurance layoffs

Just took that survey and easy to tell big changes are coming and decisions have already been made. SF will not survive as they have run all the scams they could and are resorting to cutting benefits and pay. That is when you know a company is in big trouble.

They don't care, it has been working for the last 10 years and they will keep at it! Have to keep salary expenses as low as possible and the only way to do that is to keep people moving out the door every 2-3 years. Turn over in most areas is around 38%, over 60% in areas like ILR or Express. They don't give a sh-t about customer service, they want the million dollar bonuses for a couple of years and they bolt to the next company to run the same scam or retire. Look at Robert Yi who helped MT destroy claims, and lead SF to a $27 billion dollar loss, he is now assistant vice president and relationship manager for Washington Trust Bank’s Wealth Management & Advisory Services team. Failure is rewarded!

If they reduce our pto and pay, too many employees will leave and that will be devastating to SF. Who will do the work? If wfh employees leave who will fix all the mistakes made by hubs employees. Because the majority of them are new and su-k.

Ohhh they will figure it out, the ruling class of elites always do! The look up and see the peasants at the gates and cry to them I can't understand why you are not more grateful and blame us for all of this, we were only trying to help and grace you with our presence. You ungrateful band of heathens! Most of the them would rather rule in he-l then serve in heaven! King of a pile of useless sh-t is still a king in their eyes! History just repeats itself and yes all companies are doing it now but with the immediate information highway of today everyone is just tuned into it even more! They will not realize it until the proverbial castle wall has been breached!

It's somewhat different. Our executives down through the SM level are clueless and running the company into the ground. With the amount of money we lost under Tipturd and our rating drop under Fa--y. Yep we are different.

1. this company is not different than any other company out there. I have been watching corporations sc--w their employees for decades/
2. Keep telling you bosses on the way out that you lost an employee and gained yet another negative advertising person for your company. You lose me and my friends and family as customers. PS, I will make sure to tell them to look at progressive THEY ARE THE NUMBER ONE INSURANCE COMPANY IN THIS NATION.
3. AI is going to wipe out a ton of jobs including the people who are managing you. This is all happening across all corporations and no one is explaining to the managers and the politicians that people with no salaries buy no products and pay no taxes.

For a TM with better writing skills than myself.
NBC News, c/o Tips, 30 Rockefeller Plaza, New York, NY 10112.

Google what to include and can be anonymous. I would mention this site also. Your welcome.

I HOPE THESE BENEFIT CUTS MAKE THE NATIONAL NEWS. That would be a good warning for anyone considering working for this company.

A 75% turnover with all the experience going out the door. Have fun dropping to number 10.

THANK YOU previous poster. I'm going to screen shot your post and do all that.

Great advice, you can get another two months, then come out to the floor and you will be considered on P2P and that will get you another 6-7 months and then you can take FMLA and then go on STD. That will get you almost 2 years. If you are not lazy, go work another job while getting paid with SF. Double dip! Tons of people are doing it and I don't blame them at all. This company is horrible, do not feel bad about it! These people are sc-m of the earth. The TM and SMs are stuck in the exact same spot as you, but CMs and above are the ones driving all this BS. Maximize everything before quitting or just make them fire you. You do get paid out for Life Leave and PTO so that can help float you out a little.

If you get moved or an offer to keep a job but in a different area and you have no interest in doing that job, PLEASE go through the training and make them pay you for that before you quit.

Appreciate the OP, shows how SF just keeps getting worse and worse. Definition of corporate America taking and taking and not providing anything back to its employees. I'm going to use my STD before they take it away. You better know they are going to start taking peoples PTO and any other benefit they can shave off. They are going to do everything to get out of paying for PTO, severance, STD, micro-manage you in-office, or make you pay more for healthcare/any other benefits. You can tell by the survey, that they have already made the decisions, it's just how you want it, in the front or back! But you are getting it one way or the other!

A ton of Estimatics employees just got reassigned to Fire Claims! I'm hearing that is a total sh-t show. They cleaned out SIU and raiding every other department trying to fix Fire company. They know everyone will be quitting after a year or two so they will do exactly that. We are offering you a job in Auto or Fire claims and if you do not take it, we made you a "reasonable" job offer therefore you are not eligible for severance! Thank you sir may I have another. This is exactly what they did from Legacy to future state migration. Also basically the same thing they did with the VP, CM, SM shakeup in claims when they cleaned house. COVID did delay it, but now they are getting down to more at the TMs, CS, CA......level. The goal is to make sure they basically turn over the majority of the workforce every 7-10 years. That is why these companies have some many open jobs and are at the same time firing their. Remember they openly state the "constant pressure" is real and basically you have to learn how to adapt! Your problem not ours!

Thousands that will have a choice to take a claims position or a severence? That they do not want to offer. They obviously can't place everyone in a job. So why not offer severence to the employees at retirement age? If you get offered a job you don't get a severence offer.

It's coming in 2026 and part of JF's 3 year plan as they keep pointing out to everyone. It will coincide with their official acknowledgment that Progressive has passed us to become #1. It will give them the excuse they need to trash everything. It will also coincide with the final roll out of Auto Underwriting automation. They are doing a decent job of reassigning internally but you are about to have thousands who will either have a choice to take a horrible claims job or take severance, which they do not want to pay. You will also get an announcement on ILR and Express's future. Its one reason they are doing all the reassignment in claims as there are about be a lot people looking for a job and more will after the benefit, pay and pension changes. The company and "lean" corporate philosophy is you need to basically completely reorganize every 8-10 years. COVID delayed it but they are now back on track to the previous plan. For those that can't read between the lines, Exec has basically spelled it out for you!

Over the next 2 years, 2025 & 2026. Or 2026 & 2027?

A previous poster stated that the survey was just to finalize a few things. And that the pay scale was changing. That poster appears to be in mgmt with the information posted. Please tell more and when?

Any idea when they will implement these changes?

Yes that survey pretty much spells out which direction they are heading and it's not good. I have not seen one single decision, that has been made in the last 15 years, that was of any benefit to the employee and was not taking something away or saving SF a buck!

Actually they are not annuitized until you retire. Go to Total Rewards and look at the pension annual filing. I will let you do that math on how many are eligible for the pension and currently receiving. Couple of things you are missing, Run your pension calculator. Once you get to 55 you get about $2000+ more each year you stay until usually 62/65. Then your pension actually goes down. SF's largest mandatory contributions happen during these later years. They will freeze it for several reasons. It's a huge expense because we do have to pay an investment company to manage it for us (Vanguard), and SF still has to contribute $100 of millions of dollars a year to keep it fully funded as mandated by regulations from ERISA Also, it is the only reason any tenured employee has stayed. They are trying to force people to leave so they are going to remove those golden handcuffs especially with all the automation and AI is coming. Every single company that has went to a 401K plan match for new hire has, within roughly 7 years, frozen or bought out the remaining employees eligible for the pension and not receiving benefits. They know the math of ages, who is eligible, how much they can save, separation rates and all the other factors when making that decision. It is going to happen!

To the simpleton who comes here every chance they get to yell "freeze the pension!" We get it. You missed out. The pension is gone. Now you get a match. It su-ks. Move on. 75% of the people left in the pension will be gone in 2-4 years. There is nothing that can be done other than wait for them to retire. The remaining 25% will retire within 8-12 years. The pensions are rolled into annuities and its already handled by a vendor. The costs are already sunk. Like your desperate hopes to inflict pain on others because you have made poor life choices it's not going anywhere.

Why it makes sense to freeze the pension.
You have a10 year employee. They work 25 more years to get the max pension. They retire and live 30 more years drawing the pension. 55 years of managing the fund and paying out. Now multiply that times ten thousand employees with 5-10 years and you have a disaster.
Freeze it. But out those with less that 15 years. Or enjoy losing to Progressive

Who will be left to do the work when they lose too many employees? Because thats also coming.

Ohhh you just wait, you haven't seen the new pay scales that are coming! Some people are about to take a big hair cut! That survey was just a peak at what's coming over the next two years! Clown show! They have a whole suite of changes coming to your so called Total Rewards. The survey was just on a few things that they are still finalizing, grab your ankles!