Thread regarding State Farm Insurance layoffs

$12.4 Billion underwriting loss YTD

but policy growth is also record breaking!!!!

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| 2261 views | | 10 replies (last November 20, 2023) | Reply
Post ID: @OP+1pCeuSRU

10 replies (most recent on top)

@fum. The truth hurts those who produce nothing and only consume.

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Post ID: @4iog+1pCeuSRU

This is SF in a nutshell!

https://x.com/WarlordDilley/status/1593428217251217412?s=20

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Post ID: @4fum+1pCeuSRU

SF is a breeding ground for anything but the conservative thinking that got them to #1 as evidenced by this site.

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Post ID: @3uyg+1pCeuSRU

I'd be happy to work remote staff for them, but I don't see those positions posted. Everything is hybrid, which...no.

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Post ID: @3foj+1pCeuSRU

EIP will be outstanding again this year. MIP, especially for Claims will su-k again.

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Post ID: @2upx+1pCeuSRU

Just think of how much more production and money they could save if they put everyone in the hubs.

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Post ID: @2lxk+1pCeuSRU

Where was this underwriting loss published? How do you know about this?

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Post ID: @2api+1pCeuSRU

Who's he gonna blame this way. He needs to be fired. He has ruined the company. BOD needs to be fired for not firing him. 26 Billion in 2 years. Unsustainable. What a mess. Another failed technocrat trying to run a service company like a production company. There's no successful business model that supports laying off knowledgeable and experienced work force. SF is paying the price for the accountants ignorance. Buh-bye SF.

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Post ID: @1whz+1pCeuSRU

Sounds like justification for sending more jobs offshore.

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Post ID: @1oab+1pCeuSRU

this feels like they will shaft bonuses or find excuses to reduce them for cost since they are bleeding money , probably low raises if any this year or a combo of both

there is no company on earth that can sustain this level of losses indefinitely, they cannot fire people because they are severely understaffed and are having a hard time finding people to work in claims so they will find ways to reduce cost, anything except CEO and VPS bonuses of course, those will probably be padded and be higher this year somehow even if billions were lost this year...

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Post ID: @1nct+1pCeuSRU

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