Thread regarding Allstate Corp. layoffs

What’s the incentive to accept this VSO instead of waiting for a layoff? If other posts are to be believed, severance will remain 2 weeks per year for those with more than 5 years service.

If I’m an E with 10 years, wouldn’t it be better to decline the VSO and then be laid off involuntarily so as to be eligible for unemployment?

That was very helpful I never knew what the designations were outside of Legal

Someone asked what the associated job titles are. For areas of home office that use manager descriptions for salary bands:
C = assistant manager
D = associate manager
E = manager
F = senior manager
G = director

E and above are bonus level

I can also confirm that this is very real and happening. Band E and up. The VSO is 2 weeks for each year minimum 6 mos max 1 year of salary. No health insurance for any time period. Also, you can never be employed by Allstate again.

It sounds like the SCOs are going to be in for systemic changes, cuts and more of a challenge for the less experienced ones left behind to hold the line as the company's claims and support structure crumbles around them. The young band D's and E's left behind have no career to rely on ahead of them and will probably be turning out the lights in 5 years after being run into the ground with less compensation than we got .... correction— they will WFH already and there will be no lights to turn off

This offer is affecting band F and G too. How much do, not so sure but it is extending that far out. Not a good sign.

In Staff Counsel (Legal) Band E is Counsel (highest level line attorney level), Band F is Lead Counsel and Band G is Managing Attorney (name on the office).

Would non vested pension be lost then if the offer is taken?

What if too many band E’s take the offer? What happens?

For us peons far below Band E, can someone advise on which jobs are part of Band E? I believe RCL is but also see a lot of comments about legal. Clue us ignorant folks in.

@1iiv If someone was given this offer I would assume so. I have more than 5 years above E band and was offered. Have been BTE 3 of the last 5 years. Torn on accepting as I know in my state I can get unemployment even with severance and with a voluntary term I would be giving up unemployment. And with the job market in my area still not the best waiting another 6 months for that to improve and to be able to also draw unemployment I may be best to wait it out for the likely lay off.

I am band E with only a year at this level (3 years at company). Should I assume I will be laid off if I don’t take it?

This is most real and happening. 6 months exit pay for most with up to 12 months for the most tenured. Take the offer unless you have been BTE for multiple consecutive years which with Allstate is not many of us. If you are offered this it is pretty much advanced notice that you are going to be laid off anyways. This is just to determine how many additional E's and up made be forced out. Don't know what other bands below E may be offered this but it bit the company bad before when they offered in mass so I would not expect it. But areas that will be hit heavy this year with reductions such as claims may see this voluntary option offered more than other areas.

In my staff counsel office many are affected. Some have been there 20+ years. Unpredictable as to who will accept the offer or not but it’s a major gamble if you do not take it.

For Staff counsel there are a bunch of managers and experienced attorneys affected. I do not know how the company thinks it’s legal staff will be able to adequately represent the insured (clients) in line with state law office guidelines and requirements with such a gut of talent at one time. To cut talent at this level and then to pull from the remaining talent to replace leader jobs will leave a huge talent gap.

That’s just crazy. Odds are just stacked against you if that’s the case. Really disappointed that they are treating people like this. So if you get this offer and don’t take it, you’re screwed basically?

There is a hidden “low”, “medium” and “high” rating within the “expected” rating. This never shows up in your PDS and you are probably never told it, unless you know to ask. Allstate transparency for you.

I think most people have an overall evaluation of “expected” so most people got this offer?

This is all true. It appears Band E and above rated in the “expected” range over the past 3 years (possibly more than 20 years with Allstate?) are being made this offer. The script is harsh. I guess the being rated Expected medium or high has been reassessed as a poor rating. All the ratings are subjective based on the Leadership Principles and now Behaviors. It allows the supervisor to give those they like choice opportunities and Better than Expected ratings which by default leaves those not so chosen with Expected ratings.

Agreement did not mention medical coverage. Yes 6 months severance with exit in august or October. It’s for bonus level employees across the board. I do not think every employee at band E and up were/are going to be offered it, but many are. Even if not offered it, lay-offs at this level are inevitable. They are cutting costs.

Band E and above. All bonus levels. 6-12 months severance depending on years at AS. This is not BS. It is very real and happening.

It’s true. 6 months severance pay with exit dates in August or October

Some of you are claiming you know this as a fact, yet you’re not answering any questions or offering specifics. What’s the offer? 2 weeks per year? Medical coverage? Which departments? Only E band or all bonus levels?

Smells like more BS.

I am personally not in the affected bands but those I know are have gotten the option. It will be company wide within the next week or two for E on up.

It's true and I would know

VSO has been out there for more than a week. Not everyone is offered it and those that are is very hush hush. If offered and not taken, you are probably rolling dice. As for non-bonus bands, don’t know what will happen at this point.

Nearly every weekend, one [usually closer to three or four] of these posts pop up.

None of this is true. Anyone claiming "a higher up told them" is lying. No one knows anything about layoffs, so no one can "confirm" anything.

What about like band 2-3 at the bottom? Grunt salary? Are we safe? 😂

What happens if you don’t take a vso offer in actuality?

6-12 months salary as severance depending on how long you’ve worked there. 6 month minimum salary severance though.

So what’s the offer? 2 weeks, no unemployment?

Here is the deal folks, a VSO is only offered to those they would like to see go, or in other words, not everyone in the band. A voluntary termination offer (VTO) has to be offered to everyone in whatever bands they decide on. Bonus level employees. So while you may be in a band that will be impacted, it doesn’t mean you will get the offer. Oh, and as it is voluntary, no unemployment regardless of the state u live in.

The VSO, is another way offering up a buyout for those they would like to get rid of and keep those they want to keep without having to provide a package. So if your looking to get a package and don’t get a VSO offer, your in for an even rawer deal

If you are band E or above, it is coming in the next few weeks. I was told that directly from a higher up. Just because you haven’t heard yet doesn’t mean it isnt coming.

Might be true for some departments but not for all. I’m an E and was told nothing about this.

Claims considered overstaffed and assessments to come this summer. Employees are currently being ranked for mid-year performance to determine who gets cut.

So now the legal ops time has come....as a band E SCO attorney our front lines are plaintiff attorneys and Judges, protecting insureds and running interference for Claims.....if they think they are going to handle BI cases the way they are currently handling auto and homeowners damage claims .... it is gonna hurt them bad... although I love a good fight, you can't fight with one eye your opponent and the other on your back....cause Allstate doesn't have and can't be trusted. I have fought tooth and nail and saved them a lot of money...unfortunately they decided to save money using me another way, by getting rid of me

I am a band e employee at sco. If I do not take this offer, what happens next? Do they do layoffs or are the people who take this offer generally enough to avoid a layoff? Pretty stressed about this decision.

It is pretty widely known and verified on several forums that claims will be hit around June or shortly after. This is not at all a surprise.

I can also confirm this. Upper management and higher bands are being offered volunteer term but does not include early retirement at this time.

Wow - does that essentially include early retirement offers? Open to everyone in those bands or just department by department?