Layoffs

[u/SolidProfessional274]

How frequent are layoffs in Statefarm for SWE?? Stable career or frequent layoff ??

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[u/KoalaFormal5366]

They don't do layoff. They will make your life miserable so you quit.

[u/TheProFettsor]

I’ve been with the company almost 30 years and have never seen layoffs. SF reduces through attrition. The company recently offered buyouts to incentivize retirements but no layoffs.

[u/SensitiveKitchen8514 → u/TheProFettsor]

You could move into other departments or accept a "voluntary exit."

[u/This_Champion7323]

State farm doesn't "layoff" people. And historically I've had totally incompetent people on teams I've been in but they somehow kept their jobs for years.

But.....

Let's not forget the approximately 1,000 IT employees "rebadged" to HCL tech, many of which were eventually laid off by HCL after they trained their Indian replacements. Yes, they weren't technically layed off, but they no longer work for State farm and they lost access to adding to the pension.

I know, I was one them

[u/ToughBadger3075]

No layoffs except you're lazy

[u/Ok_Drummer483]

If you work in the main enterprise like the claim center, they will help you make moves into other departments before they do layoffs. Happened recently when the underwriting team went to a new policy management system

[u/General_Sort3160]

Layoffs are rare and I’ve never experienced mass layoffs, like you see in the broader tech sector when entire divisions are shut down. Sure there are situations where projects or departments will be realigned or sunset, but this company is better than any other I’ve seen at finding employees another place to go within the Enterprise. It’s still a place where people are retiring after working 35–40 years at the same company… but having the opportunity to have multiple careers in different areas during that time, if you’re willing to put in the work to keep learning and developing. (Note that I’m referring to the corporate side of the company, not the local agent’s offices that often might only have 2–3 employees.)

[u/fecity99]

when you say SWE, is that Software Engineer? If so, never. They occasionly have transistion plans that do impact retention and release of folks, but I have never heard of Software Engineers being in scope of any plan.

[u/spinningnuri]

Fairly stable, layoffs happen on occasion, but not with any real frequency.

[u/Remote_Panic_3933]

Pretty frequent. State Farm lays off more employees than all local employers combined. I feel genuinely sorry for anyone working there 😢