Company Going Downhill - Property Large Loss Claims Liberty Mutual Insurance Employee Review

Cost-cutting to the extreme: changed the pension plan, reduced 401k match, reduced tuition reimbursement, eliminated bonuses for insurance designations, reduced FTO rollover, removed company cars from the majority of field adjusters, reduced opportunities for catastrophe pay, eliminating positions to make employees reapply at lower salaries to keep their jobs, and not backfilling positions, exhausting current staff. It’s known that the company prefers internal hires, not just because they “trust the talent”, but because they don’t want to pay the competitive salaries that other companies are paying in the industry.