Three from my team laid off this month. Locations were Kansas City Missouri and Southfield Michigan. All long-term employees between 15 and 30 + years of service
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Two more in Kansas City. Take job available in Tampa or employment will end 12/31/2019
MetLife management trips over dollars to pick up dimes. The expense ratio that Kandarian and his stooges bloviate about on every quarterly conference call is nothing but "Enron Accounting". Try growing the company. First, you need decide what businesses you want to be in: Group Benefits, Retirement Income, Property and Casualty, all of them. Once you do that, make some acquisitions and get moving. MetLife management has spent the better part of the last decade cutting expenses by laying off employees and relocating office for tax incentives. Not much to show for it in the stock price either. Take a look at what the stock price was in 2008 when Kandarian became CEO and what it is today. Hopefully the new CEO changes direction or this comlany is going to turn into GE.
Make that four from my team now
Layoffs in Auto and Home today as well. Several with over 15- 20 years of service. More to come???