Thread regarding Allstate Corp. layoffs

I’m looking forward to the 2nd quarter earnings report. Or lack of….. 🤣

$83 million a day in car losses for 63 work days of quarter. What will non cat losses bring? Very hard to overcome via rates.

Perhaps we stop placing the blame at Glenn’s feet in terms of who hatched the plan. He was bold, daring and willing to take on challenges. Changing how the Big A competes when your operating model is outdated and expensive with digital alternatives emerging daily absolutely was necessary for survival. If you’re looking at placing accountability its on the the senior officers and directors to embrace big change, ability to stay the course and the need to go faster. Much of this sits at the feet of many of the officers and directors who occupy those roles right now at the Big A. Simply making the same work easier to perform is an incremental improvement path to falling to 5,6,7. Innovation once a strength is now a gap. You might not like this POV but the dog hunts! It’s what occurs when revert to an expense reduction strategy without reinventing how you compete. Kinda like a plane flying without instruments in a heavy clouds that become totally disoriented, a spiral that is hard to pull out of. My hope is they can, but evidence is needed and they’ve been extremely short on that end of the stick.

Nothing about Transformative Growth has worked and the company has gone completely the other way. Shapiro is gone for a reason so why is his company ki-ling failure of a process still in place? Is this company's leadership that bad that they are not capable of righting the ship and putting Transformative Growth out to pasture? Are they just sweeping up the scraps before the final collapse not even trying to save this company? Or is it true that they are trying to piece meal this company out for purchase? Surely this leadership team cannot be this inept and worthless?

Raise premiums to gain market share. Huh? What a backwards incapable out of their league way of thinking.

Everyone get ready to Transform into the unemployment line!

Transformative harder, faster!

The plan to dismantle the company piece by piece isn’t working well. The losses keep mounting and the customers keep leaving. Sears Kmart revisited. Hey BOD, better call Warren. Allstate will be a bargain to pick up as it spirals downward.

Transformative Growth about to kick into overdrive. Get those resumes ready!