Th people saying these layoffs make sense after the Trump corporate tax breaks Allstate received and the stock buybacks are company boot licking sheep.
Everyone who is a loyal, hard working active Allstate employee should be angry at how this was handled.
*”That’s just Capitalism” , keep telling yourself this is right and morally sound. Keep drinking that blue Allstate Kool-aid.
*“the company has to do this to stay competitive”. Um no, look at stock buy back and profit reports. It’s public record and borderline criminal. How about cutting the GREED at the top.
*”well it’s a pandemic and they are losing money”. No, they are paying out LESS in all areas and still getting that money monthly premium $ from customers, some loyal since Allstate started.
***but those old fossils at the top need 19 million a year to pay their 4 mortgages and yacht bills.
FYI Allstate didn’t return premiums to customers out of the kindness of their hearts. The insurance commission made them. Stop thinking this company cares about its workers, culture, diversity and transparency. You are not an asset, you are an expense. This a horse and pony show for the insurance commission. They just want premium $$$ from loyal customers to invest, everything we do costs them money and is seen as an expense. It’s 1000% about investing premiums in stocks to make them even more than the INSANE salaries. Period.
You are not in good hands. You’ve been lied to.