Thread regarding Allstate Corp. layoffs

A little tidbit about 2020 severance....

Glenn Shapiro was dead set against paying out severance for the 2020 lay offs. Tom Wilson insisted severance be paid because he was worried of how lay offs without severance during a national state of emergency for the COVID19 pandemic would look when severance was often paid out for lay offs in the past. Now this was not Wilson being a humanitarian or feeling for those laid off, it was his own selfishness of how he and the company would look in the public eye. Wilson had to fight pretty hard to get Shapiro and others on board with the severance being paid out.

Source: home office contact who is in with top level administrative staff.

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| 2761 views | | 7 replies (last February 16, 2021) | Reply
Post ID: @OP+19o4PUna

7 replies (most recent on top)

To change the HR handbook takes 5 minutes 🙄🙄

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Post ID: @3jih+19o4PUna

Well that answers a lot of questions about potential layoffs in 2021. If the head honchos have to have board meeting about calculating severance then that tells me layoffs will be wide and sweeping this year. And also who knows if the severance payouts will be the same as 2020. Frankly I can sleep well knowing Shapiro and Wilson are on top if the severance deal.

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Post ID: @2vas+19o4PUna

Most of you don't work for or have never worked for Allstate. My contact who's at all the SL and board meetings, say they are already doing the calculations for severance

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Post ID: @2coq+19o4PUna

I was RIF’d in November after 35 years with the intentional and successful “dive” I did on the ridiculous assessment. Got my years pay and very happy. I still have a number a contacts in HO that I have been close with for over 30 years and they don’t know when next RIF will occur but, they all are confident it will include NO severance.

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Post ID: @1xum+19o4PUna

So if they don’t pay severance now, sounds like they better change the HR handbook real fast.

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Post ID: @abr+19o4PUna

So what I am getting from this is severance may not be as much of a certainty for 2021 layoffs as we would like to think or believe. I know they paid severance for many layoffs before not for all layoffs (I know this from experience before in 2013). Since unemployment is not as high now would Shapiro get his way this year?

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Post ID: @svr+19o4PUna

Yes. This is what we heard too. It was no planned severance due to the amount that would have to be paid out until Tom Wilson got scared of the public and media backlash.

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Post ID: @ojh+19o4PUna

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