I started working here in January (great timing, I know.) As a rather recent hire, just how worried should I be about my job?
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You'll be fine. There is no more or less favoritism or politics played here than anywhere else.
The reality is that the style of employment is changing (or could be argued was more secretively this way). Reduction in Force (RIF) is a lever used to straighten out the books when earnings reports to shareholders comes due.
They figure out what is burning or needs support and add it. It's not a perfect system by any means and doesn't feel fair if you are on the short end of the stick. Allstates competition (SF, Progressive, Geico) is getting particularly aggressive and lean with overhead..
They are trying to keep up and unfortunately there are a lot of well paid individuals that broke their back for this company that they cannot afford to keep without continuing to fall behind.
It's an unfair system but I believe we will likely transition to a more transient style where loyalty with a company is not expected and experience within the industry is measured. You have time unless you are in a department that is extremely manual (i.e. making printer copies of documents and storing that in filing cabinets).
If you are in finance, actuarial, legal, data science you are a core aspect of the company and shouldn't even blink. For other areas just look if it is growing or shrinking. Budgets are getting slated and if you follow the money you will see the playbook they are backing.
RUN - AS FAST AS YOU CAN!!!
Get on the nearest life raft and save yourself, the Great big blue Titanic is sinking fast. Covid has given Allstate and most other large carriers a license to lie, cheat and steal. Since you were never exposed to the old Allstate it's hard to explain that this job used to be enjoyable. Adjuster Union Needed
The good news is you do not have anything invested in this company so I would start looking around if you haven’t already because you’re probably not making that much anyway where you have any golden chains.
You’re getting ready to transform. Enjoy!
The new hires are there to help build the new company on the cheap. They are also there to be laid off in the one for one exchange. One old timer one new timer that’s how they make it look fair and can get away with it with the EEOC. They can’t just lay off all the old folks with all the tenure and the big salaries they have to lay off some newbies as well with low salaries so bottom line you will never know. And that’s the way they like it that’s the way they roll. You get a new CEO you might get a new culture Never get comfortable. Always watch your back and don’t trust anyone at Allstate.
If the last few years have been any indication the recent lower paid employees seem to be safer. The company is all about getting the most from as little pay as possible. Unless you are a recent hire AND just s— at your job you are likely safer than most but don't expect for this to be a long term place to have a career. That ship has sailed. Once you get past the three year mark and more gets pushed to India the layoffs will hit you too at least as long as Wilson and Shapiro's reign of terror remains.
Well, you’ve just made it through the worst, so you’re probably ok. Have you just slept through the last 5 months?
Basically, how often does Allstate cut those who've been here for less than a year?