We are heading into a recession and all companies are laying off poor performing or under utilized resources. Try to find a way to put yourself in a position of strength to avoid being laid off. TW’s performance is in the eye of the beholder but the bottom line is that he is judged by the stock price. On a macro level, is America on the right track? Most say no. Frustration should be directed towards those governing this country.
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That’d be a great explanation if Allstate didn’t carry so much unproductive dead weight that it never seems to summon the backbone to get rid of. Yet good, productive people are given the option to apply for a new job or hit the road.
Trim the fat instead of cutting the muscle. But that’s would require hard conversations. Can’t do that at Allstate. So we have a bunch of strap hanging garbage people who get to keep being employed.
Let me see if I can help clear it up fir you, Sparky.
Many of the responders here understand the concepts of "linear time" and how that relates to "cause and effect". As many have pointed out, Allstate started their campaign of layoffs and outsourcing (TG) before the pandemic, supply chain issues, inflation and higher interest rates.
To retroactively blame those outcomes on decisions made before is disingenuous at best.
Not sure why ignorant people are calling your post ignorant. It’s not a lie that inflation and supply chain issues have negatively influenced business at Allstate. The used car market at one point increased in value more than the S&P 500. Car parts cost more money, repairs cost more money, and so of course claims will cost more money. Given that this is the case, of course premiums are increasing. A recession is pretty likely (given the speed of the rate hikes by the fed); 60+% of economist expect a recession within the next year. Your statement to focus on building a position of strength is a very rational approach, but unfortunately most people cannot face reality and instead love to blame others for their shortfalls.
Fun fact: there are Economics classes available above the level of 101. Taking them can give you a more nuanced understanding of how market forces and government actions interact.
That being said, whenever I see someone online cite "Econ 101" I know I'm about to witness some ignorant, bullying, gaslighting nonsense. It's some sort of variant of Dunning-Kruger.
For example, "poor performing ... resources" is you, eking out a barely living wage in the US when there's someone in Pune willing to do the work for a fraction of the price.
No recession is certain yet, inflation dropped slightly this week, no red wave in past election which helps the workforce. Unfortunately we have no control of corporate greed** corporate mo--nic leadership** corporate outsourcing of American workforce** I have faith in the American economy but that does not extend to Allstate leadership.
It is true american companies are starting layoffs to cool inflation effects. However, there were posts on here from over a year ago warning that allstate was planning to send jobs to vendors overseas. That's the issue. If it was just normal layoffs I'd say ok I understand but they are eliminating entire departments and sending to vendors that can train employees for next to nothing. Sure, you may be able to get a job in another dept but I feel like eventually allstate will outsource all their depts
Our first slacker comment
Hi HR, how long before you guys get “transformed” to India?
Stay positive!