Thread regarding State Farm Insurance layoffs

Layoffs in Systems continue

  1. Release all externals

  2. Layoff systems mgmt

  3. Layoff rank and file systems employees

  4. ????

Is this the plan?

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17 replies (most recent on top)

I am not sure why we need as many Systems, ISD, Analysts, Compliance, Marketing, or HR employees as we currently have. Let’s not even mention the top heavy Executives/Management. Many are dead weight and have been moved into those roles to sit around either doing nothing or working on imaginary projects that never go anywhere. We could reduce workforce in those areas by 25 or more % and not only see cost reductions but improved productivity across the board. Our downfall is they are reducing staff in actual areas that service the customer which is a mistake. Customers want exceptional service and great rates. By not reducing the correct staff State Farm has demoralized the staff that actually works and are the backbone to the companies success.

by | Post ID:

My last day at that place was the happiest I’d been in years. Their new model BS isn’t working and making good people leave the company.

by | Post ID:

/There are a ton of Systems, Analysts, and Compliance people who are not needed. Many work on fictitious projects that never see the light of day. Some even do nothing./

It's hard to argue with that. Those of us who actually work have been pulling this dead weight around for years.

Unfortunately, in the new model, the percentage of dead weight is going up. The people who can find other jobs are leaving.

by | Post ID:

There are a ton of Systems, Analysts, and Compliance people who are not needed. Many work on fictitious projects that never see the light of day. Some even do nothing.

by | Post ID:

Claims will be next. Already butchered with more pain to come.

Our distribution system is outdated and incredibly expensive, but it’ll be the last to be reviewed.

Watching and living the end of what was once the envy of the industry.

by | Post ID:

When the top three cost centers are claims, agency, and systems, I'm not sure how they hope to be cost competitive by wringing out systems.

by | Post ID:

/Then it would be a major mistake on the part of State Farm to ever make that promise. Insurance in and of itself is a promise. An insurance company breaking a public promise within months of making it would be terrible PR./

Although it should be noted that making mistakes is sort of what the State Farm leadership groups have been known for, for at least the last decade. So, par for the course.

by | Post ID:

/I doubt their promises were ever sincere. This ain't your father's State Farm/

Then it would be a major mistake on the part of State Farm to ever make that promise. Insurance in and of itself is a promise. An insurance company breaking a public promise within months of making it would be terrible PR.

by | Post ID:

/Now, how they plan to do something so extreme and still maintain their promise of "around 15000" employees in Bloomington is beyond me./

I doubt their promises were ever sincere. This ain't your father's State Farm.

by | Post ID:

Agreed with most recent comment. We also see SF bringing in some positions to offset potential reductions in systems.

If you think about it, they realistically could have brought 400 to Bloomington by opting against taking 150 to PHX. if they were planning a major layoff in Bloomington they'd need as many bodies as possible to offset those reductions. Getting 250 bodies when they could have had 400 send to indicate they either start cutting as many as people think, they really don't plan to keep a promise, or there are still other offices being closed and they have plans to bring those people into BLM as well. I'm optimistic I guess.

by | Post ID:

Systems will be smaller at Bloomington, but there seems to be some increases in other employees from all the closed offices. 250 from the Tacoma office. Numbers could be the same, but I doubt the jobs coming to replace Systems employees will pay as highly. I would imagine further pressure on higher priced homes and tax revenue for the city

by | Post ID:

Just trying to do math here. When I joined systems (5 years ago) they said there were 8000 State farm employees in systems throughout Corp South. That wasn't really counting ISD as far as I could tell. I suppose it may have counted externals but I didn't think they did.

If you figure that professional level will see a reduction similar to other levels, that's 2000 or so without even taking ISD into account.

Now, how they plan to do something so extreme and still maintain their promise of "around 15000" employees in Bloomington is beyond me. Personally I suspect the current will not be that substantial. I have no doubt there will be cuts but I don't see them pulling off a massive cut of 2000+.

by | Post ID:

That's right up there with the rumor I heard about 1600 analysts being let go at Corporate South. I have no idea if either are true. But the prudent move is to jump before the job market up there is over-saturated.

by | Post ID:

Rumor I just heard - Reduction in Level 4 employees in ET (one per team) coming Feb/March. Anyone know this to be true?

by | Post ID:

/State Farm is in much more of a survival mode than reorg mode./

That's the truth. I don't believe they really have a plan (not a real one, anyway), but even if they do, it's doomed. After watching them rape the company for the last 8 years, their own employees are ready to eat them alive.

by | Post ID:

The plan is to save money and count beans! They have no plan to meet the new challenges of an innovative marketplace. Saying "digital" and "vivify" is not a strategy. State Farm is in much more of a survival mode than reorg mode.

by | Post ID:

Step 1. Collect Underpants

Step 2. ???????

Step 3. Profit

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