Thread regarding State Farm Insurance layoffs

State Farm growth is tanking

We haven't really grown any new policies since July. It's going to get a lot worse. We are too expensive and can't afford to pay agents commission anymore since they account for about 30% of our expense ratio. People are not buying houses or new cars and putting their groceries on their credit cards. Broke. Plus our brand su-ks! Our current round of Execs are wannabes! They are only interested in profits over people. Nothing else as they despise employees and see you as a burden. Greed, incompetence, and unethical leadership defines this organization now and the culture that MT brought in is just a cancer that is slowly ki-ling the patient. In the next 5-10 years SF will become just a shell of itself and a story of what not to do in business. Place is and will always be a sh-t hole.

Well said, @g9+1ke4bkj4j.


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| 1621 views | | 4 replies (last January 13) | Reply
Post ID: @OP+1kef8xnv8

4 replies (most recent on top)

Bring back Daddy T

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Post ID: @xk+1kef8xnv8

Finally! Insurace gets competitive. Long overdue! Those big ec bonuses gotta go!

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Post ID: @bv+1kef8xnv8

Agreed, agents are going to start getting lower renewals commissions. They are pi---d, plus their leadership is being shown the door. The biggest impact now is with U/W modernization/automation. The agents cannot play all of the games now, basically stealing from the company, and it has ki-led their production. No more gaming the system with discounts, drivers, CRI scores, added cars and all the other tricks of the trade automation put a stop to all that. Good riddance! They should have been dealt with 20 years ago!

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Post ID: @ax+1kef8xnv8

Perhaps the agents are quiet quitting?

Doesn't the participation trophy generation feel that is their right?

Maybe management is also quiet quitting?

I don't understand why anyone would object.

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Post ID: @ac+1kef8xnv8

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