Topics regarding layoffs at Allstate Corp.

Topics regarding layoffs at Allstate Corp.

Boycott Allstate

Good ol’ boys CEO/COO millionaires club making billions in profit annually still plan to cut jobs during a global recession and global pandemic while people worldwide are dying and struggling. Unconscionable.

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| 1630 views | | 6 replies (last June 27, 2020)
Post ID: @OP+15E8wRRi

Exploiting cheap labor in India

Allstate has turned to paying low wages with no benefits in India, laying off more expensive employees in other countries. You’re not in good hand with rich multi-millionaires running the show, exploiting cheap foreign labor. They claim they care... — read more 

Absolutely poor leadership starting at the top

Yet another quick decision to slash expense and increase company profits. The plan of merging and growth has been on the desk for a long time. With proper planning, the company could have avoided layoffs by natural process of retirement and... — read more 

Transparency

having thoughts, feelings, or motives that are easily perceived.

Premiums continue to rise for all customers

Agents took a 1% Decrease in Renewal Commissions saving Allstate about 500M per year. 3700 Employees @ 100K per year average = 370M per year Yet, Premiums continue to rise for all customers. ALL Stock will continue to respond well in the... — read more 

Pandemic/Covid19 excuse. Shame on Allstate

Allstate has become a greedy company only caring about profit/stocks-shareholders. Our top CEO’s make millions in annual salary, with employee salaries and staff shrinking leaving employees drowning. Allstate has been exploiting/taking advantage of... — read more 

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| 1400 views | | 1 reply (June 25, 2020)
Post ID: @OP+15DLj4gK

What about NY PIP claims?

This is so stressful and depressing. I haven’t heard anything about anything about NY, specifically PIP And BI (Bodily Injury) claims. Has anyone heard anything?

You are NOT in good hands

I have been with this company for 30 years. I am too old to go somewhere else and too young to retire. Let me tell you, the company I started with doesn't even resemble the company it is now. I am actually embarrassed to work for this greed... — read more 

Announcement

Hi folks - former poster here: Field announcements included that 4 Zone HQs will replace 14 regions. Below are some upcoming announcements pertinent to Sales Distribution, Marketing, Finance Please do not ask about other departments as I do not... — read more 

Bunch of fluff!

Man this did not tell me anything. I am not feeling in good hands right now. There are no good paying jobs out there, its a pandemic. You giving customers money back, buying back stock, upper still getting their bonus. Yet, you are laying folks off... — read more 

4 Zones??

How do you think these 4 hubs will work?

Morale at an all time low

Knowing that you will Possibly be laid off doesn’t help morale. How much do your metrics even matter at this point? If they don’t lay you off now they will soon enough. For those in the layoff you get to participate in skill assessments. Assessing... — read more 

Timeline of Layoffs??

Does anyone have further information about when the layoffs will begin? I have a sinking feeling it's going to start this week. And anyone know which areas will be affected first?

Anyone in legal have any inside info?

Any idea how hard legal will be hit? Any word on combining offices? Does anyone have any idea about how they will be deciding who is leaving- will rating, seniority, etc. be a factor?

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| 1850 views | | no replies yet
Post ID: @OP+15AEwzHu

No one is safe

My department was hit with a huge staff reduction a year ago and we were overwhelmed with work. I thought we would be safe as we were at a minimal staffing level and could barely keep up with the workload, often falling behind. A few months ago, they... — read more 

Doesn't surprise me at all!

Getting rid of employees is nothing new to Allstate. They got rid of over 6500 agents in 2000 and let them choose to be independent contractors for Allstate or hit the road. Higher commissions were offered and many agents had too much invested to... — read more 

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| 2240 views | | 2 replies (last June 25, 2020)
Post ID: @OP+15zlaap6

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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| 1740 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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| 2051 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 

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