Allstate keeps talking about efficiency, but the biggest inefficiency is the never-ending redundant management. Getting rid of some of those layers would help by cutting costs and reducing the bureaucratic nonsense we deal with daily. It's a win whichever way you look at it.
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Company wants to be more efficient so they hire more managers, lay off seasoned/experienced engineers, introduce the "product model" which is great for software developers but slows the rest of the tech teams down/delivers slower results to our internal customers, increase bureaucracy, and gaslight everyone. 15 years ago, this was a decent company to work for. Yeah they did not pay top dollar, but you had the ability to grow your career, work with good people, advanced, and where ok with the less pay because the company valued "work life balance" and did a decent job of investing in skill development/training. You actually felt like you can grow and build something that helps advance the brand, better serve the customers, and where better rewarded with innovative ideas. Now, it is all the bad of the tech world: work life balance out the door, health insurance benefits mid, constant threat of layoffs, a massive slide in technical leadership, a feeling of constant uncertainty/direction, gaslighting, a significant increase of teams backstabbing each other, more offshoring esp with sensitive customer data, political pandering, and paying customer satisfaction at an all time low. Unless it is automation or a way to layoff more people, innovate ideas are frowned upon esp if they challenge the "product model"/hired too many new managers. Current leadership team brags about how they "revolutionized" CVS, yet CVS when they where there, but look how bad CVS has performed over the past decade. I get that the only thing that matters is the stock price because everyone above director is paid with stock shares. I think the reason you don't see higher attrition rate is because the company is still pretty remote/hybrid (good thing they got rid of a significant amount of real- estate or else this would be different). However, there is going to be a strong return to office mandate soon even if the majority of your team is offshore in a different region of the country. If you do not live near an office because you believed the company about working remote, you either better relocate or start looking elsewhere. By the end of the year, there will be a new tech out that will have the ability to better track remote workers/hybrid users and HR is already looking at it as a way to eliminate/reduce remote workers.
If they trim that fat who will fawn at Tommy and tell him how great he is? Only millions of dollars can buy that kind of loyalty……
The top 3-4 layers are essentially worthless and provide nothing to this company. Absolutely zero. Millions and millions p!ssed away on sociopathic egomaniacs that actually think Allstate could not function without their tee times, co-ktail hours, and mere presence and existence. Well it would function just fine and likely at a less dysfunctional and toxic atmosphere. More efficient and with more logic and common sense.
$7 billion could be $10 billion or more easily without these criminally overpaid and totally worthless and incompetent sacks of fecal matter being a bunch of irrelevant anchors.
He is TW! You are the buzzing of flies to him!
Company just made over 7 billion dollars last 6 months.
They think their management is reason why.
Tw was even arrogant enough when asked about too much profit to say they are entitled to it because they are better at it than others.
Yep - every FSL out thee ought to be shown the "door" in 2026. Take that funding and put towards more claims people in th USA !