Topics regarding layoffs at Allstate Corp.

Topics regarding layoffs at Allstate Corp.

Ken rosen

Really makes you wonder about the timing of the exit of Ken Rosen after leading claims for Only 2 years to make way for the entrance of Shapiro... I wonder if he made known a concern to what is happening and was forced out...

Tom Wilson doubletalk

About 6 months ago Tom Wilson appeared on I believe CNBC and scolded American companies for not doing enough to take care of their workers contributing to a deteriorating perception of capitalism. He said that companies needed to do More for... — read more 

Failing the assessment

Is anyone else thinking of purposefully trying to give the wrong answers on the assessment to get the severance and move on with your life. The severance will give some tome to find something else and this may be the kick in the pants to leave a... — read more 

Employee discounts

If we leave, has anyone heard when we lose our employee discounts? Is it the day we are off the books? I want to have my business moved to a different carrier but it may be more expensive with any employee discount that we currently have. Has anyone... — read more 

Those on the inside

Non Allstate employee here...but a customer with Allstate. The only thing that I know is that I pay a lot for insurance but have never had a claim so I don’t know what the service is like when they need to pay out money. If we are getting ripped off... — read more 

Thanks Tom

Just wanted to give a shout out to Tom Wilson thank you for requiring claim employees to work on July the 3rd the represented Fourth of July holiday ! Glad to work for a company that is patriotic ! You s— !

This is destroying employee morale

And people's productivity along with it. Don't they see they are not just harming us (something they couldn't care less about) but also the entire company and its bottom line (something they really should care about if for nothing else but their own... — read more 

I can’t take it anymore!

The waiting is k–ling me! If and when it happens, do they let you know and walk you to the door? Or do they give you like two months notice?

Sales Department Impact?

Does anyone know if the sales department will be impacted? Especially in regards to those Esurance employees who are slowly being transitioned to Allstate?

Unethical and cheap

For a company that prides itself on doing what is right and ethical, there are some extremely shady business dealings going on. The Government/Trump tax cuts not reinvested back into the company, and a May (during quarantine) 300+ million stock... — read more 

Con artists

Watch the market and watch top execs dump their stocks AFTER they officially& publicly make a cut announcement. Allstate stock will slightly tick up, top execs will sell and MAKE millions extra for retirement. Some already rumbling this will be bad... — read more 

Trolls

None of you know anything! They aren’t going to reveal anything until they are ready to let someone go.

Any mass firings yet?

I was fired in auto last week for not making a phone call that I documented and made. I asked them to pull the phone records and the response was, that’s not necessary. This supposed breaking of the “code of ethics” happened 3 months ago. So, I... — read more 

Allstate stock

Keep an eye on Allstate stock. Investors are clearly seeing something...a lay-off announcement at a publicly traded company usually leads to a stock spike at least in the short term. As the market has rebounded, Allstate has stayed relatively... — read more 

Tom Wilson is a failure

Highlights of Tom Wilson's career include: Serving as a high level exec at the now bankrupt Sears Company Overseeing the fall of Allstate from number 2 to number 4 in the auto insurance market as CEO ??? Abandoning his employees during a... — read more 

Says it all

Glenn T. Shapiro President, Allstate Personal Lines Total Compensation $4,613,043 Pay Rank By Title In Insurance industry #1 Salary.com

SKILLS ASSESSMENT CONTENT

Providing some insight to what the “Assessment” will entail. If chosen to take the assessment, it will Include: Adaptive Personality Test “ADEPT-15” ~20 min to complete non-exempt through band D: “motionChallenge” measures planning capability... — read more 

High Exec just announced retirment

One of the execs, who was put as the head of PIP claims countrywide just announced her retirement. Wondering if there is more to follow...

Was an Allstate ambassador

I convinced a number of friends and family to do business with Allstate thinking that this loyalty would result in employment security for me..... I felt bad about doing it over the last two years with things like quick photo which is terrible for... — read more 

ANGRY

All jobs will be sent to India and Ireland. They already started pilots last year to get the process started with FNOL being outsourced. And just to be clear, what cant be outsourced will be eliminated or automated. Andrew Yang was so right. Allstate... — read more 

ATSV layoffs via Skill Assessments

On a call with ATSV leaders and have been told that some employees will be sent a skills assessment to complete. If their skills do not match what Allstate are looking for, redundancy is the next step. Get revising.

Handling is atrocious..

I understand the business decision. My issue is with the handling and communication from the top..Senior leadership should be ashamed of the handling and the “drip drip” nature of the communication. To leave the employees below the director level in... — read more 

Life Decisions

What do you plan to do if you job is impacted? Will you get a job with one of the Big 3 or will you rebrand yourself to get out of insurance entirely?

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| 2120 views | | 14 replies (last July 1, 2020)
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High paid senior executives at Allstate

You can find surveys on the internet where senior executive salaries are ranked by the size of the company, income of the company and number of employees. The Allstate CEO and senior executives are consistently paid significantly higher than peers at... — read more 

The next takeaway

For those of you who are not laid off be ready for the next “take away.” Right now less than 10 percent of publicly traded companies have both a 401K and a company funded pension. You can bet that is not lost on the senior staff who is looking to cut... — read more 

Allstate is toxic

I feel terrible for those with tenure. I was in and out of that toxic corporation within 5 years. It is a toxic, unhealthy place to work, much less try to represent. It feels “dirty” to work for a company with no moral compass, while seeing the... — read more 

Former employees will also be making decisions

Now that the company has made a business decision that they feel will contribute to future profitability. Laid off employees who currently carry Allstate policies will need to do the same. Currently, I insure 4 autos, one house, one rental... — read more 

NJ

Which office will they close? Bridgewater or Moorestown?

Fleecing of America

Stock buybacks and layoffs during a pandemic and recession. Unethical but typical American style Capitalism. We need to change the entire system. Shame on you all! Old rich boomers out of touch with the people who actually work.

Pension

I’m 19 years and 6 months of service....if I am one of the lay-off folks soon and have to leave before making 20 years.....will forfeit whole pension except apparently the cash portion. Lump sum lost would be over 110,000......just doesn’t seem... — read more 

So, tell me where the problem lies?

I have worked for Allstate about 30 years. We were always number 2 behind State Farm. They gave us elaborate kick-offs, company picnics, holiday parties, good benefits, pension, vacation, sick days, decent pay. We hired Tom Wilson and Glen... — read more 

Allstate PR

Allstate actually has paid employees who check all areas of social media to minimize/spin negative press and comments on Facebook, Twitter, this website etc. Only corrupt companies who’s top executives are dumping their shares and hiding their true... — read more 

Florida MCO

Any word on Florida MCO. How will they handle casualty adjuster? We are a no fault state! Can they even centralize us or reduce us??? Think how many case we handle than go into suit! Rep, Um and lit are too valuable. Any thoughts?

Enough!

Tell everyone.you know to stay away from Allstate, their products and those that support them. As a current employee I am insulted by the arrogant comments about this being basic Business or Economics. The truth is this company will do anything at... — read more 

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