Come on now. Shapiro showed you pictures of his dogs. You were able to view Toms perfect hair for as long as you have been an employee. What more do you want??
Why are people quitting?
Two coworkers quit this week. Not laid off, walked out on their own. Why would anybody do that? If you want to leave, chances are you won't have to wait for too long before being laid off - and then you leave with at least some money in your pocket!... — read more
Expect large number of assessment announcements Friday (today)
Claims, Home Office, Marketing, Tech on the docket.....
FSL
Do we really need these worthless managers? They gutted agents via ABO now it’s about time they clean house.
Stock vs. policies
If you have not already done so, dump your Allstate policies... Keep your Allstate stock...It will be fun to give a NO Proxy vote when Wilson and the members of the board come up for election.....
Webcams
Did any other offices get a notice that Allstate would be issuing webcams to their employees while working from home? Seems pointless if they're making cuts.
Layoff Decisions
Who do you thinks is making the call to cut certain employees? CSL's or RCL's?
Slash and burn
By acquiring competitors Allstate is actually hurting more workers. They would love a monopoly and streamline all insurance into one massive company with Glen and Tom mindset. With encompass, Esurance, whatever is going on now ETC...how many once... — read more
Allstate layoffs
Here is my thoughts, we have multiple company's merging into one, we have multiple "home offices" I definitely think alot of cuts will be coming from that area. Also they released the new claims tool all of the claims dept has been training on, I... — read more
How many cuts does $5 billion equal?
If we didn't know by now, we're about to find out.
Unrepped
Unrepped will be getting assessments and can expect huge cuts. I mean massive because ALL unrepped will be competing to stay. Take your assessments and if you stay be prepared for larger claim volume, broader role, permanent virtual work in a... — read more
Next shoe to drop
Drip, drip Every day brings a new shoe to drop In this continuing saga.... What will we wake up to tomorrow??
High Anxiety -
Will be happy to get the news about LDU and UNREPD in Florida. We need a break from the uncertainty. With COVID 19, civil unrest and the election campaign, this is almost too much to bare.
Consumer reports expose on pricing model
Rather than apply the new rates all at once, Allstate asked the Maryland Insurance Administration for permission to run each policy through an advanced algorithm containing dozens of variables that would adjust it in the general direction of the... — read more
I'm going to leave this right here...
"We found that customers who would have received massive rate hikes under Allstate’s plan were disproportionately living in communities that were more than 75 percent “nonwhite.” Source:... — read more
Test refusal
How awesome would it be if no one took the test ?????
Tom Wilson
Tom Wilson should be ashamed of himself. The “Allstate way”. Yes the Allstate way is treating your employees like c-ap and laying off 8% of the workforce. Tom Wilson s—s!
Please
Please let me get a low grade on these assessments....
Encompass and Allstate IA to be merged into National General
Page 10 of the investor deck highlights: Encompass will merge into Nat Gen and Allstate IA relationships will be transitioned to Nat Gen over time. Significant expense efficiencies to be realized in year one. Page 13 highlight: Forecasts only... — read more
Cancel those policies
If you have not done it yet, cancel those Allstate policies today. I know that it will just be a drop in the bucket and will not make a big difference to the company.... but if feels so good....
Now claimant rental process changing???
Now claimant rental process goes to a reimbursement process?????
Allstate stock
Allstate stock just dropped below 90.00 on the news of the purchase. Tommy better pump in another 500 million to stock buybacks quick..
ALLSTATE BOUGHT NATIONAL GENERAL!!
Wow, can this company get even more grimy. So you laying folks off, but you just bought NG insurance for 4 billion cash! What the hell!! Wow, just wow!!
My breakup letter
Dear Allstate, When we first met I was excited to start our adventure together knowing we would make a great team. When we first got together I was young, wild and free. I was wide eyed, bushy tailed and ready for all the things you offered me. I... — read more
Everyone! We are out of here
We are being replaced! Let’s just take the assessments that we will never really know how well we did because they’re a complete sham and a waste of 45 minutes. We will never know the results so they can tell us anything they want. What they want is... — read more
Not overly optimistic
Allstate wants to be Geico... Geico can be Geico better than Allstate can be Geico.
Now you understand
Now you understand why the tenured employee does not matter anymore....
Sorry to burst your bubble
With this announcement, I would expect the estimated layoff percentage in this round to be bounced up considerably which is probably the reason for the delay in moving with it. Why wait to consider consolidation in the current layoffs. Lay-off... — read more
For those left behind
If you survive this round of cuts...don’t breathe any sigh of relief...prepare for the consolidation cuts that are coming next and it will be the higher paid Allstate employees that were left behind this time around. Allstate agents have a big... — read more
Breaking news
Announced yesterday that Allstate spent 4 billion in cash to buy National General and pick up 9,000 additional employees. Expect those employees to be rebranded to Allstate in the near future and those additional employees will be picking up... — read more
Allstate to Acquire Rival Insurer National General for $4 Billion
https://www.wsj.com/articles/allstate-to-acquire-rival-insurer-national-general-for-4-billion-11594182627
Is this what all the layoffs were about?
So the company could buy National General for $4 billion? And now I'm positive we are far from over with layoffs, they didn't cut nearly enough people to cover that kind of expense. Then add consolidation layoffs to the mix... And just when I thought... — read more
Redundants already picked out
@OP+15Os43j2 says they shared info on plan. Plan is whoever has hourly wage or salary above their MRR is out. Esp red circled for grade. Bullseye bye bye. The Adept-15 and other stuff is protection from a lawsuit. if it matters signing the arb... — read more
What????
Allstate spent 4 billion on what????? Adds 9,000 employees. I definitely missed something.