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Travelers really stinks; they do not respect the hardworking employees at all; they love outsourcing; they really aren't in CT, they are in India. I think the headquarters needs to be in India as that is where they are getting their employees.
Their stock is tanking. Karma for their treatment of employees. Hope they get stuck paying Business Interruption claims from Corona Virus
If you are an older field employee with travelers you will kicked to the curb like an old tire. Greed Is a deadly sin, destroying families for profit is terrible. Judgement day before God will happen.
Business Insurance (BI) IT was bloated, heavy at the senior level and absolutely inefficient. Age-old systems hadnt been replaced in decades. New systems embarked over five years of project time, couldnt be completed. This was BI-IT. "Experienced" employees that had spent over 40 years at the company, rode slipshod over people that hadnt been around "that" long. Held knowledge close to their chests and generally had a sniggering attitude towards others. This was the downfall of "those" employees as soon as the CIO of BI was either let go or decided to move to greener pastures(another Insurance company where he is engineering a fresh round of layoffs). In any case BI-IT was taken over by Personal Insurance IT management and first thing they did was consolidate staff and work towards layoffs. I hear the hand-off packages are generous which is why people left either immediately or as early as Sept even though the effective date was end of 2019.
That is the inside scoop!!!
LOL at the guy talking about the clubhouse at TPC RIVER HIGHLANDS. An independent golf course that bears only the Title Sponsorship. Travelers has nothing to do with the grounds and facilities at TPC River Highlands, except for 1 week a year where they are Title Sponsor for the tournament. 2 Separate entities.
New clubhouse at Travelers Championship cost $17 million. But just laid off 200 employees? Seriously?
Layoffs are happening right now and there is no coverage in the media. Sad. 100s laid off.
At least share details here in hope a journo or two may pick it up.
And they are asking us to do extensive overtime as we are 'resource' limited - at the same time they are laying people off adding more work load to each of us.
200 BI employees many within a certain age range and salary range... where is the media on this?? Yet there is plenty of $ to fly millionaire golfers from the west coast to the Open on private jets.. shame on Travelers..
Replacing older workers with younger ones is not specific to Travelers. This is the trend in most American corporations.
One additional trend is to relocate office to expensive cities so that people with families(generally older) cannot move and quit.
Good old tactic of replacing older workers in high job bands with young people in lower bands - works for Travelers, they haven't been sued yet. My opinion only.
I left in 2012 and Travelers had a ton of challenges at that time as they were doing layoffs left and right and outsourcing anything that was outsourceable!
The management was weak, it was micromanaging and all promotions were done on the relationship level and yes men people were promoted.
Nobody was safe from layoffs and no matter how good you were in your work that guaranteed nothing as they would axe good workers left and right and keep their cronies.
We had no clue what changes were coming - they would send random meeting invites, ok guys, here is a meeting in 15 min notice - go to the conf room and you are laid off...
They should change things and keep their employees happy - they should stop cutting corners and stop keeping the rich of the company rich by limiting service to customers and agents... Stop pushing employees to do extensive overtime and working them to death!