So many folks bust their tails to achieve something at Allstate and for what? To get treated like expendable pawns, walked all over, and eventually tossed aside like yesterday's trash. This place has lost its way. It's stuck in this perpetual... — read more
Trian hedge fund holdings
The 13-F filing by Trian shows they hold 3.6 million shares as of 9/30/23. This represents 1.3% of Allstate shares outstanding, so a rather modest position at this time. Note they've also taken a 1.8% stake in Disney, using about 40% of their... — read more
Happy Holidays
Cheryl B sends her holiday wishes in the form of a 60 day notice to a group of Claims employees this week. Have fun with those conversations around the Thanksgiving table…
ALL stock
Looks like ALL stock is doing well again. Maybe the ship sent a SOS and now has been able to stop the ship from sinking???
78 Lawsuits Allegr Allstate 'Slipped In' Policy Changes
https://www.pandcspecialist.com/c/4318134/559724/lawsuits_allege_allstate_slipped_policy_changes?referrer_module=issueHeadline&module_order=1 Unfortunately behind a pay wall for most but the gist is in Texas lawyers are suing Allstate for changing... — read more
Someone has drunk the Kool Aid…
https://www-cio-com.cdn.ampproject.org/c/s/www.cio.com/article/656205/allstates-cloud-first-approach-to-digital-transformation-pays-off.html/amp/ What utter nonsense.
How is the job search going?
Those of you who are (relatively) freshly laid off or those of you who know folks like that, how is your/their job search going? I've been hearing horror stories about the job market in our field lately, and I'm wondering if they're true or is it... — read more
ASC
Affordable, Simple, Connected. What exactly is ASC and how does it include the agent? If it does...connected means what? "ASC is hot garbage very outdated and NOT what our customers want."
Is the ship still sinking?
Off course! The torpedo has hit mid-stern. Throw excess weight overboard (companies, employees, agents). Did Trian already influenced the first sale of a company? Look! Revenue is up! Don’t look at the loses. Doing the same things over and over... — read more
How is Avail still around
This company model makes no sense and only loses us tons of money
Anyone from AZ
They got two facilities here they already closed chandler i have a feeling they will close the otherzk
$265M investment in Next Insurance
I’m surprised there was no mention of the hefty investment Allstate made into Next Insurance during this morning’s earnings call (granted it was in the earnings... — read more
Wow, the bar is set low…
Allstate Insurance under the leadership of Tommy Wilson had another quarterly loss and all the “butt sniffers” are acing like Allstate set a new corporate record for earnings. Retention under the Allstate brand continues to struggle. That is a “win”... — read more
Earnings beat!
$0.81 act/vs. $0.48 est. Up in after hours trading.
Congrats Health and Benefits!
Allstate is selling you, per earnings release. You’ll be in a better place soon!
Layoffs must be over. Annual Enrollment for Benefits starting November 20th!
A full month later than the last few years. Must mean Tommy and his Corporate Hoods are hanging up the ax for the rest of the year!
IDE
We are cutting worthwhile parts of the company that actually deal with insurance and the customers, and this department is growing with the simple goal to give people warm fuzzies.
Red Pill Blues
I feel like I’ve been red pilled at Allstate, waking up more and more. Can’t unsee certain things. Can’t put the toothpaste back in the tube. Certain catch phrases, certainly tag lines, seeming before like innocuous fluff, have taken on a whole new... — read more
AIP is expanding
Don't know what yall are talking about, Carolina Texas and arizona We're setting up new things everywhere And Jeff Evans says it's not going anywhere It support
You kept th
There are people this organization kept (HR) who never did anything. Never met a goal and are now a senior officer. This is just how it goes because some learned kissing up/networking at Allstate was more important than actually delivering results... — read more
Should the Layoff.com be added?
Seems like they must need the dough as now we see adds everywhere? Maybe there are layoffs coming there? Baaahaahaa
No cuts at aip
Hahuhhahahuh nahnahnahnahnahnah
Are cuts being made? Are folks still actively being laid off? (Including NatGen)
Just curious... Also curious if anyone has information about what departments may be hit in the possible upcoming Q124 layoff.
Allstate is a follower, not a leader
If other companies return to the office, so will Allstate. They can’t think of anything inventive or interesting to bring this ship upright. We will be going back to the office soon as a last ditch effort to try to get to profitability. As usual, too... — read more
Layoffs hitting AST
We are going to get hit pretty hard by the sounds of it. Leadership already let us know it is coming.
Just here for a severance
After 18 years I am just going through the motions for a severance. All desire and drive is gone. I quit doing extra and striving for "BTE" after the 2020 massacre. I am doing what is expected and nothing more to keep a paycheck rolling in and they... — read more
Diversity - simple virtue signaling
It may seem that this is unrelated to layoffs, but Is this diversity angle the company is pushing beyond limits actually beneficial to the company? It seems like it simple takes away from resources and efforts to truly steer the company towards... — read more
Our Contract security is changing again
I won't disclose info on where I am but we've had SOS, allied and some other company here Our current contract company is now departing Is this normal? It's always the same guards with different uniforms same cr-p so I don't see any disruption
Commuting is overrated, says the CEO of Allstate: ‘Nobody wants to drive to an office to do a Zoom call
Work from home movement is prevailing
Today's Connections meeting - let us know what's discussed
Curious to hear if Tommy acknowledges the layoffs.
Meeting with leadership
Anyone know if the meeting with leadership on 9th November is just a regular department meeting? Usually no big deal just on high alert at the moment
Fire everyone from Wells Fargo
I hope the new CEO fires suren and all his loser friends from Wells Fargo. They screwed up this company.
NatGen's Senior VP of Claims
Another one bites the dust. NatGen's Senior VP of Claims is "retiring" after 42 years of service. This place is becoming a whole &hitShow!! Someone please hurry and give me my walking papers. I've been here over 10 years and don't want to miss out on... — read more
"Affordable, Simple, Connected" is dead on arrival
I have been heavily involved in this over the past 2 years. This product concept that was obsolete 15 years ago is already failing and not within the aspect or interest of the premium paying insureds. As ASC rolls out to more states the states are... — read more
Trian in full control of Allstate as of January 2024
Expect full replacement of Wilson and other exec positions in the first half of 2024.
Applicant
I applied for a position as an adjuster. How is work here?
When is Tom’s turn?
Predictions anyone? How soon before Tom is “laid off?”