Thread regarding Allstate Corp. layoffs

I dont hate Mario, I just dont appreciate a newbie college grad who has drunk too much home office Kool Aid telling us that we deserve and are responsible for us losing our jobs. he says he is glad the fat is getting cut however this site is full of examples how Allstate is not addressing any of the fat.. and is cutting the people that make this mammoth chug along. Judging from the thumbs down i got either people agree with Mario that they are the reason they are being fired or there alot of home office shills in here trying to run cover for the company.

Clearly you hate this Mario guy and I'm going to guess he doesn't think about you much either.

We are not friends. Looks like you're on the wrong side of this one. Better luck next time.

We all paid attention my friend.. trust me. That's all we were talking about when it came out that we had to agree to arbitration. The problem most people are having with this is the WAY it is being accomplished. IF you're too dense to get that you must be a robot or corp shill that has nO empathy whatsoever. And why does a company hire a bunch of people over the past two yrs only to lay off a bunch of people. you're obtuse is the point here dude.

You will travel your path in life or you will help someone else travel theirs.

You have been working with a company on essentially a contract that has made it very clear where they stand on profits. It's unfortunate how many are being impacted but this is how it works. How many of you cried for those who got destroyed by the 08' financial crisis and were "the front line".

How can you be so oblivious when it has been going on around you for decades. Did you not find it funny how the forced arbitration came down? I'm not pretending to know it all, I'm just shocked at how little you pay attention.

@oue+16k8yueV- tcm+16k8yueV here... thank you for that.. that's all I'm saying. And to the OP who posted :I'm going to guess you took a backseat in life and don't have the savings to ride this one out....you are a big part of the reason this is happening and glad they are trimming off that fat " you're not talking about acutarial and marketing c-ap as you pretend to know it all. You're insulting the hard work that we as the front line employees have put in to this company having faith that we would get some kind of respect back. The handling of this restructuring is amateur at best and downright abusive at worst. I mean seriously.. Ive been working here successfully for over a decade and my job depends on how I answer if I like butter or jelly or both on my toast in the morning and a bunch of picture puzzles? total joke..

“Tired, Stressed”, your response was right in point...
It appears clear that the poster on this board is a “bonus level” manager who feels that said bonus proves their worth...
It doesn’t...The bonuses paid by Allstate to high and mid level managers are obscene.....particularly the 6 or seven that are laid nearly 50 million dollars between them....
The person who makes 56,000 in a year but whose efforts mitigates savings many times that amount...many of who apparently are going to be laid off are the ones who have proven their “worth.”

@gzo+16k8yueV What departments are coasting? Not mine every person works hard and puts in plenty unpaid time and is overworked, we are understaffed. If there are areas besides the executives running this that don’t have to shed blood tears to keep up please share.

Mario for all you so called business knowledge you sure are short sighted. Every company that’s cuts employees also cuts consumers. And shareholder portfolios are not liquid the majority of the dollars in them with institutional investors are not available on the market to purchase policies, whatever the cost. This is simple greed. The bonuses of the executives at Allstate are obscene, and are generated by the hard work extra hours and teamwork of the producers and cost containment (claimsJ at the company. I took the assessment and it’s a joke : I especially like playing Tetris at the end (and for those who don’t have to take it or haven’t yet I’m not jokingJ because that is going to tell some HR id–t my value working 23 years in my business area. I would guess I cost justified my total compensation in money saved by mid year to the company. How do you determine the value you add? By the bonus you take home? You did nothing to generate that, the employees on the front line did who youre downsizing.

Once again, I am definitely not Mario.

For an insurance company not to charge the max they can on premiums means less money in the pool. They are regulated in what percentage is allowed to be charged in excess of overhead. If they exceed this amount they can be penalized heavily. Fines are built against insurance companies where they add up quickly in aggregate in a very impactful way in addition to the bad press.

Technically an expensive insurance company means it is more expensive to run its "supply-chain", but it also means a greater amount of money. 10% off $100 is $10, 10% of $50 is $5. Now you see my point.

Allstate has long been a believer in people, agents, and fighting fraud (within reason). The cost of people has been a motivator for many companies to off-shore. ANI and ASPL is dramatically different and you can understand people from India just fine, they just cost a little more.

There is also a question around the agent model which has been an ongoing conversation.

I have been effected by the assessment. I been with Allstate for 4 yrs working LDU unrep and rep. I happy I learned so much from the family I am part of as well! But I feel that I have been complacent! Allstate will do what it feels is necessary to be number 1 no matter what the cost! If I stay fine but I will do what in my best interest for now on! I will look outside the company for a different role and find what a good fit for me! I hope everyone do the same and not be complacent! We have 2 months or more depending if we cut to find something new!

It's very obvious you are unaware of how this business works. There is a percentage that premiums cannot exceed meaning various things that wouldn't be worth explaining to you here.

Correct without people the pool of money to invest would shrink and mitigating risk among many states with varying rules complicates things even further.

The actuaries and marketing is top notch. You do not need the best technologists and claims/call center workers to be profitable. You need them to provide a smooth experience which sometimes means getting yelled at by angry customers and making people whole which is enforced by heavy government regulation.

And I am not Mario.

@wbh+16k8yueV Hi Mario 👋🏻

I stopped reading halfway through your stupid monologue.

You are saying things that are entirely untrue. Allstate is not as much an insurance company as they are an investment company.

They are allowed to invest a percentage of those premiums and that is where you will see record profits. Guess what, not only are they good at it.....they are amazing at it.

I can promise you many many companies are going through this. If you are being pedantic, sure not 100% but I promise you....Allstate is and will continue to k–l it until automation (if ever) takes over the road.

regardless of money, I'd rather not pay 1500 a month for health insurance. Glad you're a rich guy that can chill. Just quit now and open up a spot. much appreciated

Not EVERY company is doing this.. Allstate is a dinosaur in a new technically innovative world with a new kind of younger consumer with different needs and wants then the previous generations. The people that run the company have behind the times for decades and are trying to catch up with their competition. Allstate has always lagged and been behind the changing times, copying other companies and no REAL innovation. One of Allstate's problems are their redundant procedures having multiple people do the essentially the same thing, documenting information several different times in their stupid scripts that are ever changing and being added to and layer upon layer of useless vice presidents and middle management. Everyone trying to lick @ss to get noticed. The other issue is the nepotism and favoritism and lack of any discernible desire to listen to new ideas from its underlings. shut up and just say thats a great idea and fall in line kind of attitude from top Execs that trickles throughout the company. A huge company like Allstate can handle a little of that but not on the wide spread scale it has developed into over the last couple of decades. SO in short.. No not every company is like this over the hill dinosaur. But what these guys are doing wont work to get Allstate to the leader board anyways because no matter how much "fat" gets cut in the end its the culture that they create that is the real issue that holds the company back. This stuff may happen at other companies but not on the scale and continuity that it happens here. Do you really think that once National general is brought into the company they wont ave another purge and more restructuring changes. And in IMHO whats going on is the just the beginning

I enjoy watching the “leaders” who have been coasting for years, worry about being eliminated. The regional abuses that have run rampant, now have no where to hide within 4 zones. There is a silver lining in every cloud.

I am not talking about those who are working hard. That is unfair and total b—s—. I think there are plenty of companies looking for hard workers. I pray you are okay and hopefully prepared for this situation.

Those who worked 10 years and have been coasting....they are the ones to blame just as much as those on top.

That not nice! Those effected who been there for 10 yrs plus have work hard for the company!