Welcome to transformative growth . Allstate like other corporations cut costs, workers and salaries during the pandemic . Allstate made a ki----g during the pandemic . Allstate took away work life balance and doubled the workload for those adjusters that remain .
6 replies (most recent on top)
I would want to look at the buy back of stock Wilson's been doing for as long as he's been CEO. I can only access back to 2005 when there was .606 billion outstanding shares. Today its .303. He's done it with an over priced product and the cutting of the benefits of his employees and doing nothing with the profits, but buying back stock and purchasing other carriers to inflate the policy count for a declining name brand. What he's gotten in return is a inflated stock price that doesn't reflect a company that's thriving, but just the opposite. Oh, did I forget he's now got a partner to deal with Carl Icahn. I guess buying back all that stock made the company an interesting target for a corporate raider.
Profits on the backs of overworked/underpaid employees then driving them to mental health crises all while collecting PPP loans during the most profitable quarters is down right evil. I hope I’m here to watch karma delivered to each senior leader.
Just because you can, doesn't mean you should.. Hopefully the dumpster will stop burning at some point. I think it will be a while though..
Corporate greed at its best . Progressive gives employees bonuses at the end of the year . $5-8k worth . Headed back there . See ya Allstate . We’ve been working 10-12 hour days since last year when Allstate thought they didn’t need half the claims department. More work and less adjusters is transformative growth .
It's almost like companies exist to make money...
Yup. It's called transformative growth. AKA if you don't like it leave mentality. That message is to employees and customers alike.