Thread regarding State Farm Insurance layoffs

SF Bank and COVID Commerical

“Because now, more than ever, being a good neighbor mean everything.” Accordionists to the CEO.

He’s right- yet terminating a large amount of analysts is not that. And it means everything. Leadership gave no indication that we weren’t improving. People stuck around because they trusted their leaders.

There are employees asked to stay to the end. How were they picked? Same leaders who couldn’t get the bank compliant.

It does mean everything, especially when they didn’t get a fair chance. Thanks MT. It will mean everything when I have to find a job in an environment that isn’t hiring.

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Post ID: @OP+1513pStZ

13 replies (most recent on top)

I hope the original post was auto corrected. Because any CEO who surrounds himself with accordionists is a little odd. 🎹

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Post ID: @auzt+1513pStZ

Just for a little background look
Up data breaches for many third party integrations used and also for State Farm. It was all very quiet and not made public. Not sure why or how. But makes sense as to maybe why bank and agency force was heavily impacted.

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Post ID: @9trz+1513pStZ

It took me awhile but I learned well NEVER bite the hook and believe what any in executive say. The Farmer from Merna would wrap and pray for the company today. They are not about their neighbor. Scary.

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Post ID: @4ezx+1513pStZ

I have to mute the TV any time that blasted commerical comes on. I can't stand hearing that bald-headed f#wad.

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Post ID: @3tbb+1513pStZ

Get some cheese to go with that whine.

This has been years in the making and wasn't a surprise to anyone with any sense of an analytical mind. I left 8 years ago and knew this was happening. How could you have been on the inside and not known. There has been a mass exodus for several years and the decision to "partner" with Quicken on the mortgage side a year ago should have raised all sorts of red flags.

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Post ID: @3wzc+1513pStZ

I like how people on here think that a bank business analyst is someone who only understands banking. Lol

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Post ID: @2efb+1513pStZ

Sorry, I do feel for you, but this was a long time coming and I’m surprised it snuck up on you. A virtual bank that had maybe the worst website ever. Did you ever take the time to try to open a deposit account online?

Also, you can still apply for many of the open jobs within the company.

And unlike about every other company in the world, SF gave you a several month notice plus severance. No other company is that nice.

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Post ID: @2aud+1513pStZ

Sure the concept of bank wasn’t doing well. It was mismanaged. Don’t worry - those guys still have jobs.

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Post ID: @1mse+1513pStZ

On behalf of the rest of the organization good riddance to the bank. It got more time and resources than it ever deserved. Good decision-except it should have been made five years ago.

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Post ID: @1skx+1513pStZ

Wait, you didn’t know the bank wasn’t performing well? Uhhhhh

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Post ID: @1hmi+1513pStZ

There are lots of banks in the area. You should apply for one of those jobs!

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Post ID: @1raq+1513pStZ

I’m very sorry you are losing your job but they are closing the bank. Why would bank analysts be needed if there is no bank? Again. Very sorry for your personal situation.

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Post ID: @myl+1513pStZ

MT doesn't care about anyone except himself. He's a dumb–s as Red would say on that 70s show.

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Post ID: @ixb+1513pStZ

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