Topics regarding layoffs at Allstate Corp.

Topics regarding layoffs at Allstate Corp.

Nepotism at its finest

Learning from a colleague that someone who bragged on social media about storming the capital was just promoted to a manager position. WOW Good luck to that team.

Who would have ever thought

That things were so much better with the diasater that was Glenn Shapiro. Mario Rizzo is actually many times worse as unbelievable as it is to fathom. We would have better leadership and vision from peat moss than we do right now.

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| 1320 views | | 5 replies (last February 3, 2023)
Post ID: @OP+1kZiShkw

NatGen

Any word if NatGen will have any RIFs?

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| 1430 views | | 4 replies (last February 3, 2023)
Post ID: @OP+1kZQXJKs

Allstate got out of paying severence

The real winners were the employees in RMBC that were laid off. I'm in ASIC and am being transferred to the vendor. I am starting my job search now

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| 1382 views | | 5 replies (last February 5, 2023)
Post ID: @OP+1kZRLbcz

$310 Million LOSS for Q4

Skip tomorrow’s meeting where Tommy and Mario spin the losses. Tommy’s script is already published with the filings. Allstate also LOST money for the entire year of 2022.

Fight for your rights! You DO have a choice!

I have a meeting set up with HR regarding this ridiculous forcing to vendors. On initial conversation things with the vendor are not what we were led to believe and it seems we were not told everything about options and our employee rights... — read more 

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| 1620 views | | 9 replies (last February 3, 2023)
Post ID: @OP+1kYTs0gQ

Any new info...?

Does anyone know what areas are being eliminated, outsourced, or reduced? I've seen posts about RMBC, ASIC, claims, but haven't seen much about other areas.

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| 1460 views | | 6 replies (last February 3, 2023)
Post ID: @OP+1kYwje4b

Claims posts on LinkedIn

I have noticed a recent upsurge in LinkedIn posts touting courses completed, continuing education. These are fluffy courses about planning your day or office conflicts. The Allstate posters are ECs or QA people. Are there rumblings about layoffs in... — read more 

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| 1410 views | | 6 replies (last February 11, 2023)
Post ID: @OP+1kYYkQg8

What's your feelings on ASIC/RMBC announcements?

Personally I think nothing was done by RMBC senior leadership to even try to keep those impacted (no surprises there with who "leads" there). At the same time ASIC did everything to try and sc--w us out of severance. They masked it as saving our jobs... — read more 

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| 2030 views | | 9 replies (last February 3, 2023)
Post ID: @OP+1kXdde7I

asic and rmbc announcements this coming week?

word is asic and rmbc leaders had meetings last week about the fates of the departments and that announcements of department layoffs and vendor transfers are coming early this week. can anyone confirm this? anyone have meetings yet scheduled for... — read more 

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| 1740 views | | 4 replies (last January 31, 2023)
Post ID: @OP+1kVV8E5j

Stock buyout

Forbes online on Saturday had an entry saying AState will be announcing a stock buyout at approx 75/share which means they want to eliminate stockholders to allow the company to be more easily sold............DUMP YOUR STOCK QUICK!!

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| 1740 views | | 7 replies (last February 4, 2023)
Post ID: @OP+1kVJVQj8

Sale coming

News outlets in the Illinois area are stating Allstate is in "aggressive" talks with another insurer to sell their book of business by YE of 2023 if not sooner.......Geico, Progressive, any guesses which one is soon to own Allstate?

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| 2860 views | | 11 replies (last February 3, 2023)
Post ID: @OP+1kUAmIby

Tommy sells his stock

On September 21st Tommy Boy sold 104 THOUSAND shares and on December he sold 37 THOUSAND shares he’s ready to jump with his golden parachute 🪂

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| 1490 views | | 4 replies (last January 27, 2023)
Post ID: @OP+1kSPq5q6

Sinking ship

I hoped that something would get better but that is not happening. Am I exaggerating if I say that this company is really in a nose dive?

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| 1070 views | | 2 replies (last January 27, 2023)
Post ID: @OP+1kSQc4Uk

Next week will be 6 months since they made announcement in RMBC and ASIC we were having layoffs and still no update

I think it should be illegal what senior management is doing by lying and acting like they have no idea who or when layoffs will be. However, they sure have new training classes in the Philippines lined up. It's one thing for allstate to want to get... — read more 

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| 1400 views | | 8 replies (last January 27, 2023)
Post ID: @OP+1kSuMEHv

Allstate can't retain anyone anymore

Best employees left a long time ago but the rest continue to leave as well. Can Allstate retain anyone anymore? I doubt it. It's just sheer luck for this company that some are still here but they will leave as soon as they get the chance. I don't... — read more 

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| 1490 views | | 3 replies (last January 27, 2023)
Post ID: @OP+1kRaBILS

An ominous sense of foreboding

With the new year in full swing and the subtle changes going on, brings us to pause and ask what are they really up to in the executive suite ? Insiders please divulge.

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| 1720 views | | 6 replies (last January 26, 2023)
Post ID: @OP+1kQHjejT

India facing "layoffs" as well

The vendors are going to cost less than even India. Word is Pune is facing some reductions in 2023 as well although not to the extent of reductions in the U.S.

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| 1334 views | | 2 replies (last January 24, 2023)
Post ID: @OP+1kQfBNQq

No positive changes

I haven't seen any positive changes here for a long time. Perhaps there were some that I am not aware of, and if so, someone please remind me what those positive things are. I'm getting sick of working in a company where I'm just waiting for... — read more 

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| 1470 views | | 5 replies (last January 26, 2023)
Post ID: @OP+1kPGU9ut

Bonus time?

It’s 2023…. Where’s that beautiful bonus Tommy boy promised us???

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| 1960 views | | 8 replies (last January 23, 2023)
Post ID: @OP+1kP7Tvfy

Allstate looking to hire laid off tech workers

So a couple of news outlets are reporting that Allstate is looking to staff up tech workers, looking to capitalize on the flood of available talent set loose by the recent layoffs. Are they going to try to attract people on the West Coast with... — read more 

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| 2070 views | | 7 replies (last February 1, 2023)
Post ID: @OP+1kNkyCF8

Layoffs announced on 1-20

.............we all knew what was coming, H/O advised employees based out of IL that layoffs will begin on 6-1-23, no confirmed # other than 1/3 will be "eliminated" and receive severance buy out offers in the next 90 days

Another loss for the snake

Allstate is on pace for another loss…. It is no joke that this is Sears 2.0. But the good news is that this deficient board will still give Tommy his bonuses… Ironically watching Allsnake is like watching a car crash in slow motion…

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| 1040 views | | 2 replies (last January 20, 2023)
Post ID: @OP+1kLRMOtC

Stock-$141 to $125 in less than 2 weeks

Wall Street got a bit ahead of themselves given the estimated quarterly earnings released last night. Despite double-digit auto average premium increases, the loss cost pressure from inflation and sub-optimal claim handling result in a 112.6... — read more 

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| 1530 views | | 6 replies (last January 20, 2023)
Post ID: @OP+1kLykmaY

When you leave...

If you quit Allstate, can you cashout your pension or do you have to roll it over. I want to cash out my pension but roll over the 401k. Can you do that??

Fate of BI adjusters

Will BI claims eventually be handled In India? They already have Dr's reviewing and summarizing medical records. It seems like it would make sense that they start inputting that info into Colossus too...

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