Not if it's the white Jake.
Posted on 08/30/2023 7:14:52 AM PDT by Red Badger
Farmers Insurance has revealed it will shed numerous employees through layoffs.
Under the move announced Monday by the insurance provider, roughly 2,400 Farmers Insurance workers will see their jobs cut. Of its total headcount, the impacted employees account for roughly 11%, according to the company’s press release.
Farmers Insurance said it needed to "better position itself for a future of long-term profitability and growth," prompting the layoffs. Other actions the company is taking include making its organizational structure more efficient and bringing a "new approach to how it delivers insurance products" to agents and consumers, the release said.
The job cuts were also linked to what Farmers Group CEO Raul Vargas called the "existing conditions of the insurance industry and the impact they are having on our business."
They come after the insurance provider decided earlier in the summer to no longer do Farmers-branded auto, home and umbrella policies in Florida and curb some of its coverage in California. For Florida, the company described the move at the time as one "necessary to effectively manage risk exposure."
Farmers Insurance isn’t the only one to take such action in California, as previously reported by FOX Business.
Vargas said Monday that Farmers Insurance was "committed to doing our best to support those impacted by these changes in the days and weeks to come."
The roughly 2,400 people losing their jobs work "across all lines of business," according to Farmers Insurance. On its website, the company reported having a workforce made up of nearly 21,000 people.
It said it would "share additional details" regarding its effort to "reinvent how insurance is delivered."
Farmers Insurance, which was founded in 1928, provides over 19 million individual policies nationwide, according to its website. Those belong to some 10 million households.
Read more of this story from FOX Business:
https://www.foxbusiness.com/markets/farmers-insurance-reducing-staff-2400-layoffs
“We are Unemployed! Bah-dah-bum-bum-pum!”
“We know a thing or two, because we’ve seen a thing or two!”.......................FUJB..............
They can learn to farm.
Maybe Liberty will be next.
“Hi, this is Jake from State Farm...are you hiring?”
Does this include J.K. Simmons?!
“No more Farmers-branded auto, home and umbrella policies in Florida and curb some of its coverage in California.”
CA - 40 million people
FL - 22 million people
That’s 19% of the US population. That’s a LOT of policies not getting written.
If CA had ignored all the enviro-kooks, managed its forests better, and maintained its lumber industry, it would not have had the devastating fires that clobbered insurance.
And to our dear Comrade Biden, THANK YOU! Without your help, it would have been much worse.....
“We are. We are. We are Unemployed!”
Isn’t that a song by Queen?
They should cut their ad budget then. How many of these stupid commercials are on EVERY HOUR for insurance companies?
...and Progressive.....................
If it keeps up, LiMU will be the guest of Honor at Thanksgiving dinner...............
Not if it's the white Jake.
There was a post on reddit about this yesterday. It was from a call center employee who was waiting for “the email.” He was chatting with a friend...and the emails started coming out. Their friend’s computer and phone simply shut down as the email came in for them.
I’ve been through many “restructuring” events, buy outs, ‘mergers’, and what not. None of them are fun. But reading this in real time, the callousness of some companies are just brutal. I guess the work from home situation makes the process worse than it was.
The times I had to let groups of people go, I always felt I owed them the respect of looking them in the eye. Those days are gone.
They could cut back on those 6,000 GD commercials they run every day.
It has been less than two years since Farmer’s bought Met Life’s home and auto insurance service. I know because I was a Met Life customer. Got a very nice discount from Met Life due to being an Entergy Corporation retiree. Farmer’s eliminated the discount at the first renewal under their ownership. Rates went up and a I found another carrier. Seems to me that it was short-sighted of Farmers to acquire another company and now find themselves laying off 2400 employees.
People are chattle nowadays..................
You know insurance companies are raking in the greens flush with it and proof with all those commercials. And by ripping off us customers too with astronomical premium$.
I hope the emu gets a decent severance package.
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