Topics regarding layoffs at Allstate Corp.

Topics regarding layoffs at Allstate Corp.

A bad time to be without health insurance

Layoffs are bad enough but in the middle of a pandemic it is heartbreaking. People long used to having heak insurance will be without it until they find another job probably at a lower salary. COBRA is extremely expensive and most people making$15/hr... — read more 

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| 1770 views | | 9 replies (last June 25, 2020)
Post ID: @OP+15yNT16Z

Tom Wilson

This new CEO did a bad job where he came from, now ruining and gutting Allstate. GREED! Tom Wilson makes 19 million a freaking year. Employees make 45k starting. How is this right? Company making literally billions in profit but it’s not enough... — read more 

Direct Policies & Claims handling are the sign

There should be tell tale signs. Esurance will not be rewriting policies or renewals. The new policies will “Allstate Direct online” Are sales people selling Allstate Direct? If not a % will probably be let go. Are claims for Allstate... — read more 

A Good Reminder During Hard Times...

Ways to Cope with a Layoff Keep Your Emotions in Check. One of the first things you should do is give yourself some time with the impact of being laid off. ... Get the Information. ... Regroup and Reframe. ... Take Stock in Your Finances and... — read more 

Speak Up means Shut Up

Employees are “encouraged” to either contact Speak Up or your Manager regarding unethical or illegal behavior.If you go directly to Speak Up THEN your complaint is assigned to an internal Allstate “investigator” that “partners” with your Senior HR... — read more 

Any word on Encompass???

It seems like most of these posts talk about Allstate and Esurance. Are Encompass employees safe or also at risk to be let go?

How can I enhance my chances of getting laid off?

Want them to select me this time around, which means it probably won't happen for me. I really want out. I am ready to go, regardless of what the separation package ends up looking like. I wish we could volunteer ourself to save a colleague who... — read more 

Nothing this week...

Who knows if we'll know more next week... This will not be a relaxing weekend, that much I know...

Another media coverage piece...

Source below... US Insurer Allstate to sack thousands of staff to cut costs June 18, 2020 US auto Insurer Allstate is reportedly planning to lay off thousands of its employees in a bid to cut down costs. Allstate global CEO Tom... — read more 

Who will be let go??? Esurance, Allstate???

We found out today that Allstate senior leadership will be accessing the best performing employees from Both Esurance & Allstate for the positions that will be available. Don’t be so quick to say Esurance will be 1st to cut.... Look who the new... — read more 

Knowledge

Allstate clearly knew about layoffs for several months. So someone has to know who is being let go. Do you think regional managers know by now? You think direct managers know by now? Clearly people can’t share as morale and productivity is... — read more 

This place is awful

I recently left a job and moved for a job with Allstate, and now this happens. This place is awful. My manager has been with the company for over 25 years and he talks to people like it's the 1970's and 80's on the production line BECAUSE HE CAN. ... — read more 

Why .......

Why are they laying people off this is so horrible . The stress this will place on everyone is ridiculous. They make these announcements then have the balls to send out an email today asking people to sign up to work overtime for qfc seriously ????? — read more 

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| 2060 views | | 4 replies (last June 20, 2020)
Post ID: @OP+15vtSoat

You know what would be amazing?

Since we know layoffs are coming, wouldn't it be amazing if for once they actually laid off the right people? The ones who spend most of their time doing nothing because they know they are being protected by somebody higher up? The ones that make the... — read more 

Targeted Retirement Offer?

Why not leverage a targeted retirement strategy, where only individuals of a certain age and with designated years of service are offered a package? Many companies have historically exercised this approach. Since employees in this segment of... — read more 

Transformative Lies

Since they have planned layoffs since 2019, they intentionally failed to mention layoffs this whole time announcing Allstate Direct and combining Encompass and Esurance. They then approve $3 billion in stock buybacks. Then announce layoffs a couple... — read more 

There was a way to avoid this

Many veteran employees have shared with me their willingness to accept a package if one was to be offered. I, too, would be more that happy to receive a package. Of course, as things go, those that want it most will not be impacted by this... — read more 

The worst possible time to be laid off

Any other time I'd be happy to accept a severance - no matter what it turns out to be - and leave this place. I wouldn't worry about layoffs one bit. But not now. With who knows how many millions of people out of work, many of them in our... — read more 

How long will they keep us guessing?

I don't think it's fair to announce layoffs in thousands and then just let us wait for who knows how long to find out who is being shown the door. Now most of us will spend the following days or weeks, or who knows - maybe even months, with... — read more 

Bonus

Yep Wilson and Shapiro are positioning for a big bonus. Bottom line

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| 2070 views | | no replies yet
Post ID: @OP+15sE0Cu6

Every employee on Monday (6/15) should do this

Ask your immediate supervisor to explain the rationale of Allstate's decision to re-authorize $3 billion in share buy-backs last month (May 2020) when that money could have been re-invested back into the company (i.e. for employee retention... — read more 

Consequences of outsourcing

Outsourcing has a number of unintended consequences, effects on brand loyalty and satisfaction — both for a company's employees and its customers. Outsourcing can also lead to disruptions in the labor force and even cause entire communities to become... — read more 

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| 2500 views | | 6 replies (last June 16, 2020)
Post ID: @OP+15rWZgJT

Layoffs

Hello, my team discussed today exactly who would be laid off. We didn’t get any specifics, but one question was is it Allstate employees or employees in the Allstate brand (Esurance, etc). With Allstate cutting Esurance, i can see a lot of their... — read more 

All-State Layoffs

What sacrifices are being made at the top? None! It's a corrupt corporate culture that will ultimately destroy confidence in the company.

3,700 targeted jobs marked for elimination.

Cuts are staggered throughout 2020, beginning in August. C-level anticipates major voluntary turnover which will mitigate severance costs. Real estate expenses being cut aprx 75%, with 14 regional HQ shrunk to Four, and 1 Allstate NJ... — read more 

Layoffs 2020

It was announced to legal yesterday and will be announced to everyone today. It’s not covid related, they just decided not to put plans on hold because of covid. This plan has been in the works for a year and layoffs have been mentioned since... — read more 

Severance

We know by now layoffs are coming, we know they will be company-wide, but what I'm most worried about is whether they will use the whole pandemic situation to avoid paying severance to people? I've heard some companies have already laid people off... — read more 

Major layoffs at Allstate yesterday?

Rumor going around today that 500 no -exempt people were let go without any package. This is across the company not in any one specific location Can anybody provide more info on these layoffs? Is this the start of something bigger or was... — read more 

Future of Encompass

While Allstate and Encompass resources are being combined for the independent agent market, what does that mean and what will the business model look like?

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