Topics regarding layoffs at Allstate Corp.

Topics regarding layoffs at Allstate Corp.

Make it your mission…

To assist in the extraction of customers from Allstate Insurance…….. Cancel yours, convince friends and family to do the same… Use social media to advise the public of what they can expect from giving their hard earned income to Allstate…. It is the... — read more 

My entire LDU area let go today

All of zone let go. Our final day of current work is 7/12 and then we are in career workshops for 6 weeks until officially being severed. They said some of us may be moved to a WNS for working in that whatever that is instead of severance.

How about those overpaid executives???

Hopefully some of the directors, VPs and SVPs will also feel some significant hurt…… Allstate is in an endless cycle of job cuts and price increases to show any sign of profitability….. The initial signs of a dying corporation…. Cutting staff will... — read more 

It’s happening

To all the naysayers, massive RIF in LDU today, from CSLs to reps. Will have more updates as they become available

NJ

What is going to happen to NJ? It’s crazy. The work is slow, nobody knows what we do, and we feel like we’re just left out of the club.

Tom W is at the Aspen Ideas Festival this week

Sure hope he picks up some good ideas! Ironic that he and Allstate are hosting a session titled After the Office: Reinventing Where and How We Work. Reinvention certainly required here as he prematurely decimated the physical office footprint to... — read more 

Status Quo?

In 2020 the company shed staff in Dec, and prior to that cut tremendous operating costs precipitated by Covid: commercial square footage, utilities, insurance and security for physical spaces, phone lines, utilities, office supplies heck even paper :... — read more 

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| 1840 views | | 1 reply (July 6, 2023)
Post ID: @OP+1nj9U8YC

CSL moves

All CSL’s will begin transitioning to Concentrix in 2 weeks. Not a good feeling with that and my CSL thinks it means she’s gone in a month or so.

New training starts this Friday

Why are we doing some upskill training every Friday beginning this week? My CSL told us it’s to train us in other aspects of insurance but why do we need to learn how to do something besides what we’re already doing. Sounds kind of odd to me unless... — read more 

New leadership coming

Allstate is bringing in 2 of the top business minds in the world in Gates & Alcion as advisors to assist in getting Allstate back to being the premier insurance company in the world. Announcement leaked on Saturday on Business Insider Weekly website... — read more 

The parallels with Sears

The beginning of the end of Sears came when they decided to take their eye off the ball on the retail business thinking they were invincible. Wanted to become one stop shopping for all financial needs and created the “Sears Financial Network.” By the... — read more 

No real options at this point

The leadership of Allstate only has two cards in that negligent hand that they hold… Raise rates Cut staff This is the sign of a corporation in a death spiral.. No real ideas on product, employee engagement, thinking outside the box. No answers... — read more 

The end of 2nd quarter is almost here

Get out the popcorn for the Rhyme with no reason show! It’s the Allstate sh-t show 2.0 ! How many policies out the window these last 3 months? What’s the cure Mario? Let me guess, more transformative growth? Such cow sh-t. We can’t keep bleeding... — read more 

Quality of business

Allstate has many agencies that are run as boiler rooms. No surprise that they rarely have their applications checked for misrepresentation of drivers, retirees, prior coverage and for crying out loud who drives 1000 miles a year and slamming... — read more 

AES Town Hall Today - WOW

Lots of talk about "reorg" and "going to look very different" but they did not show the damn thing! Said it could take until October or early next year to see how it shakes out. What was concerning was the squirming done by the 2 useless leaders. ... — read more 

Karma for destruction caused

Although, I feel for the Allstate workers that did nothing but try to earn an honest living as Allstate…and who are losing retirement savings every day if they own Allstate stock. It is gratifying to see Tom Wilson and the awful leaders who caused... — read more 

Allstate stock?

Allstate stock dropped 23% based on reports of record losses in Q2 of 2023 TBA in 2 weeks. Will the stock be down to $10/share by the end of Q4 or what???

Tom Wilson

You can hate him all you want, but you have to admit he treats others x with dignity and respect.

Circling the drain..

Customers leaving in droves….. Expect more losses at the next quarterly report… Which executive will suddenly retire “to spend more time with family” next??? The marketing folks are ultra confused as to what the companies identify is supposed to... — read more 

2nd quarter earnings

It’s not gonna be good. They will need to start cutting the fat and escalating transformative growth in India. Managers take note. Consolidations on the horizon at the low and middle manager levels. 500k policies down the drain so a staffing cut... — read more 

Get out

I just jumped ship and am at USAA in property. It’s been and incredible experience. Higher pay and I literally get 5 claims/week vs 5+ a day at Allstate!!!! Come on over!

Tom Lying Again

I really do enjoy watching Tom and Bob Toohey continuing to promote Allstate’s work from home policy when Tom actively was advocating in meetings to have full time work from home employees go to independent agent offices to work so they could feel... — read more 

It is time

It is time for that announcement that Parsons “has decided” to retire to “spend more time with her family.” P&C is a dumpster fire….

All done

Allstate announced today in a meeting with Northeast management that all Northeast employees have until 7-1 to accept a layoff package which DOES include 2 weeks of severance for each year worked and uncontested unemployment. Anyone who declines... — read more 

Transformative Decline

Allstate Brand auto policies declined by 516,000 in the 90 days from YE 2022 to end of Q1 2023. That's a 2.4% decline as new business auto applications down 40% across NY, NJ, and CA, resulting in countrywide app reduction of 22%. Largest impacts... — read more 

Work being silently shifted to vendors

How long will they keep this up? I am so bored there’s just not enough calls as the work is going offshore and to more vendors and automation. Is this what they mean be the new Allstate ? Americans sitting around while other countries work for us. — read more 

Covid Relief

Employee Retention Act payed something like 26k per employee that was retained after Covid. What happened to the 5200 employees that were let go? Did they account for them on the up and up? I think they need to show their accounting. Could be... — read more 

…….and now it begins

All auto appraisers in New England were advised on a call this morning that today will be their last day on the road for Allstate, got word of this from an appraiser I know in CT. Any appraisals pending will be completed by Pune people. Appraisers... — read more 

Natgen

Anyone know whats going on with Natgen? In CT anyway they are declining most new quotes based off of their new algorithm for "bad credit" Seems like all quotes are being denied... are they getting out and rejecting all business? Company is... — read more 

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