Is this going to be an interesting year as it relates to Allstate layoffs? Any chatter, news or rumors?
11 replies (most recent on top)
I'd expect to see some layoffs on teams that were formerly part of DIS some time in the next month or so. Maybe early 2025. Teams are being merged and some of them will be outside the 12 person limit imposed by OBD certification. So unless those people can find roles elsewhere in company (unlikely), then some will be laid off.
Source - I'm at risk myself. We've seen the product roadmaps and know what is coming, they just haven't said the awkward bit out loud yet but I expect that to change soon.
How do expect large layoffs when there are not all that many onshore employees left?
Probably a nothing burger like 2024 "mass layoffs".
Please expand..."last weeks town hall revealed drastic cuts in renewal comp and increased new business quotas" Concerned 19 year agency employee.
Nailed it.
Yep…The fighting around “we’re a product centric” organization now vs. “customer centric” likely have Kamal’s product/engineering organization doing battle with Elizabeth Bailey’s marketing and CX organization and then Eric Hull’s D3 organization saying, but we’re a “big data” organization. That has to be worth the price of admission about now. All the while, the fundamental question with TG was how does your risk and loss business need to compete differently, be designed differently and function differently than it does today to perform exponentially differently tomorrow and not incrementally better than today. The business SME’s are challenged with delivering results, but are anchored in what works today. The product, customer and data business units have little cache’ or ability to challenge the business SME. And, one wonders why the industry has been talking about disruption for 10 years and little has been disrupted. However, there has been plenty of change with companies taking expense out, raising rates and carefully trying to managing impact to service and experience levels so they don’t deteriorate. Noble, necessary, but off the mark. Consumers deserve better!
Year 5 of TG. When I asked Glenn was the percent of growth was with TG, response was mid to high single digits annually. Have fallen a bit short.
2022-2024 was about taking cost out and raising revenues thru massive rate taking. Going forward it will demonstrating they can grow, keep costs in check and sustain service levels. Allstate has not demonstrated in 20 years they can grow in a sustained fashion and given the only real change in the way they compete is with a new product that largely matches what’s already in the industry and the desire for direct, it likely has headwinds. Claims is still heavily reliant on the traditional expert model with the path forward being can we carve up more of the work and send it someplace. Hyper-segmentation and process complexity is their speciality. So, you should expect anything necessary to keep loss cost in check, rate adequacy and then show the Street PIF growth without adding expense in year 5 of Transformative Growth, is what will be done.
Everyone knows that Allstate doesn’t want to pay exclusive agents anymore. They will push and pound on them until they give up their agencies. C suite does not care. These greedy tards want all that lovely money for themselves. And with corporate taxes and socialism to come, it’s over for the agents.
Quite clear from your post OP you don't work here so why do you care? Guess I played into your hand by responding to your post
Not sure about employee layoffs - but rest assured the agency force will see significant reductions after last weeks town hall revealed drastic cuts in renewal comp and increased new business quotas. All working exactly as planned.