Since they have planned layoffs since 2019, they intentionally failed to mention layoffs this whole time announcing Allstate Direct and combining Encompass and Esurance. They then approve $3 billion in stock buybacks. Then announce layoffs a couple weeks before initial start date of bringing them on with us.
I believe Esurance and Encompass has to sign Arb agreement like us? So if they are let go they can’t sue. Is it a full smokescreen bringing them onto us to cover their know what before layoffs? I also believe one or both companies get bonuses versus our pension. If they are let go do they lose their full year or 6 month bonuses if prorated as well as lost salary?
I’d want some honesty for just once to let us know is it us at Allstate - Encompass - Esurance people looking at majority of cuts. Is it seniority? Is it merit review based? Yes technically we are all Allstate when the other companies come join us but leaving everyone in the dark with something that has been planned for months is horrible business practice.
Don’t be politically correct saying every department and every level at Allstate knowing we are all Allstate June 28. They already know who is being cut and rip the band aid off. They have an idea of the number of office closures, number of layoffs etc.
Have respect with people, their families to give them as much advance notice as possible. I’m sure once Mutual Arbitration Agreement legally is official all of a sudden for all 3 company employees they will supply a flood of information.
Best of luck to everyone and hope there is a welcome to Allstate for any remaining from the other carriers. Hope people with real knowledge enlightens is before Allstate actually does as it’s clear some people are in the know.