Just had our town hall. The question of increasing salaries to keep up with inflation was raised. I laughed at this one! Suren had just said earlier how they are looking to cut costs. He danced around the issue and stated Allstate is competitive with salary compared to other insurance companies but they need to reevaluate "absurd salaries" and that "we still need to cut costs" then quickly slipped in about "reducing head count". Why don't they just say that? Why the secrecy? Just admit you will be cutting the workforce.
So people, there WILL be cuts coming if you are in Tech,