I have been with this company for 30 years. I am too old to go somewhere else and too young to retire. Let me tell you, the company I started with doesn't even resemble the company it is now. I am actually embarrassed to work for this greed riddled behemoth. I remember when a 6% raise meant you did not pull your weight. They have chipped away at every benefit we started with. I have not received a pay raise in 10 years. I love the way we are a "team" yet everyone is measured against each other and anyone will stab their "team member" in the back just so they wont be last in the unit, which even if you exceeded every expectation, are rated needs improvement or ineffective because everyone did better than you. They have slashed our pay, time off, sick time, pensions and health insurance to ribbons. I almost hope to be laid off so I am forced to do something I should have done a long time ago but didn't have the chutzpah to do. Work somewhere else with the hope that I am appreciated and valued. And anyone who has worked here long enough knows it is s–c-de to EVER make a complaint against any manager at this company. You will be ostracized and penalized until you quit. Do nothing, say nothing. That is the motto. I honesty don't know why they would need lay-offs. I would think that the turnover is enormous here now. If I were just starting out, I wouldn't have lasted a year here.
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What they are doing right now (lay-offs in conjunction with buybacks) is one of the most egregious examples of corporate greed this country has seen since the likes of Enron and WorldCom.
The executives know it, too. Which is why they don't discuss it.
Read the corporate quarterly call from May. It's all there.
If enough employees went to the press, or did a coordinated PTO day, Wilson and company may have no choice but to rescind the layoffs.
Remember: The billions upon billions of dollars used to artifiically pump up the stock price could have been used on advertising, employee enhancement, customer premium reduction etc. THAT is the key.
I hope they still will give the same severance.
I am at 34 years as well, Allstate has consistently been fast to announce and slow to act. I agree, pull the bandaid off,morale is in the toilet and people are not working. Everyone expects to be on the chopping block, so no motivation to work hard, just survive.
Thank goodness it's not the same Company or we would be Blockbusters (non-existent) and you wouldn't be able to say I've been here 30 years. I too have been with Allstate 30 years and they have been a great Company to be a part of. We cannot keep making it about me, me, me.
I feel terrible for those with tenure. I was in and out of that toxic corporation within 5 years. It is a toxic, unhealthy place to work, much less try to represent. It feels “dirty” to work for a company with no moral compass, while seeing the despair in veteran employees, who shake their head in disgust, stating, “it wasn’t always like this....”. Hold you head high that if impacted, better opportunities are out there for you
If you are embarrassed to work for this greed riddled behemoth, why don't you quit?
Not to mention that Mr. Wilson just recently sold 67 million in stock before this announcement.
Insider trading anyone?
Also there are some middle managers who know very little about the details of their department and the work going on/effort on work. Mere "cheerleaders" that are just "motivating".
“This is the reality of almost anyone who works for a corporation today. This is what unchecked capitalism looks like.”
Correct. We’ve allowed them to become too powerful and now their greed has grown out of control. Hopefully something happens to ring them back in.
This is the reality of almost anyone who works for a corporation today. This is what unchecked capitalism looks like.
I too am a tenured employee, 34 years. Hard to believe I have lasted that long as well. I have been lucky enough to have had good managers that I have worked for and also remember a 6% raise was OK but now would not be in realm of possibilities. Remember broad banding salaries/pay grades? I have reached the top of my pay grade so no more raises until I retire or... get laid off. It just seems less than 'transparent' (we have heard that word before) that they would announce in December 2019 that they were cutting 2 billion from the operating budget over the next two years and only hint that it might involve staffing. Of course it did!! And they of course knew in December exactly who was going to be let go. Fast forward to June and Mr. Wilson announces that thousands of employees will be 'affected'. Now today they again announce that its coming and top management is 'excited' for the changes. But .. now you have to wait until July 14th to get the news on the first wave of 'exciting changes'. AND they tell everyone that it will drag all the way to November. You know 4 months really isn't than long. Not if you aren't on the chopping block. Right? Mind you they have known since December who/what/when/where everything is going to happen. No sour grapes here but man this isn't how you treat your 'valued employees'. Really it just boils down to each employee is a disposable tool. They need the people to stay to service the customer just up until they have everything all in place. Hmmm it's all for the customer but fewer employees means more workload and customer service is going to s__ck which I'm not all that convinced that it already does. Just some late night rambling... Wondering what Mr. Liberty Mutual I mean Shapiro has up his sleave.. Oh wait ,, call some tenured people at Lib M/Safeco and they can fill you in.
Just get it over with and tell the people who are going to get the ax so they aren't living in limbo for 4 months or spending their time reading and posting on Anonymous web sites...
Wow. I have a very good friend who when i first read your statement, I thought you were actually my friend but the company isn’t allstate.
However the text you wrote is nearly identical to what i hear from my friend.
I wont name the company or my friend but the tenure is substantial enough. The similarities are frightening