However, could anyone have guessed that the results would be this bad? Forget about job safety, no job is safe at Allstate.
Dinner and Drinks with Wilson
If you could have dinner and drinks at a 5 star Chicago steakhouse, and then go to a scotch bar after to discuss your career, would anyone here really turn that opportunity down!? I think the answer is NO
Morale losses about even with fiscal losses
Both completely in the toilet. And they expect 100% effort and smiles on faces. Allstate brass are as delusional as they are stupid. Give them what they give you. A no, a middle finger, and about 40% effort. You'll feel much better and less stressed. — read more
$1.3 Billion lost in fiscal year
And we can say with straight faces that our jobs are secure and that senior leadership has a clue what they are doing?
Nepotism at its finest
Learning from a colleague that someone who bragged on social media about storming the capital was just promoted to a manager position. WOW Good luck to that team.
Can this move to WNS be any worse?
ASIC has no idea what their doing. A total mess. SMH.
BI, auto, and prop adjusters being sought in India in India
Many positions for Allstate being advertised on local job sites in India and in job telegrams within India. Not on Allstate career site since specific to India and internals there already know.
Who would have ever thought
That things were so much better with the diasater that was Glenn Shapiro. Mario Rizzo is actually many times worse as unbelievable as it is to fathom. We would have better leadership and vision from peat moss than we do right now.
NatGen
Any word if NatGen will have any RIFs?
Allstate got out of paying severence
The real winners were the employees in RMBC that were laid off. I'm in ASIC and am being transferred to the vendor. I am starting my job search now
$310 Million LOSS for Q4
Skip tomorrow’s meeting where Tommy and Mario spin the losses. Tommy’s script is already published with the filings. Allstate also LOST money for the entire year of 2022.
Fight for your rights! You DO have a choice!
I have a meeting set up with HR regarding this ridiculous forcing to vendors. On initial conversation things with the vendor are not what we were led to believe and it seems we were not told everything about options and our employee rights... — read more
Any new info...?
Does anyone know what areas are being eliminated, outsourced, or reduced? I've seen posts about RMBC, ASIC, claims, but haven't seen much about other areas.
Claims posts on LinkedIn
I have noticed a recent upsurge in LinkedIn posts touting courses completed, continuing education. These are fluffy courses about planning your day or office conflicts. The Allstate posters are ECs or QA people. Are there rumblings about layoffs in... — read more
What's your feelings on ASIC/RMBC announcements?
Personally I think nothing was done by RMBC senior leadership to even try to keep those impacted (no surprises there with who "leads" there). At the same time ASIC did everything to try and sc--w us out of severance. They masked it as saving our jobs... — read more
asic and rmbc announcements this coming week?
word is asic and rmbc leaders had meetings last week about the fates of the departments and that announcements of department layoffs and vendor transfers are coming early this week. can anyone confirm this? anyone have meetings yet scheduled for... — read more
Stock buyout
Forbes online on Saturday had an entry saying AState will be announcing a stock buyout at approx 75/share which means they want to eliminate stockholders to allow the company to be more easily sold............DUMP YOUR STOCK QUICK!!
Sale coming
News outlets in the Illinois area are stating Allstate is in "aggressive" talks with another insurer to sell their book of business by YE of 2023 if not sooner.......Geico, Progressive, any guesses which one is soon to own Allstate?
Tommy sells his stock
On September 21st Tommy Boy sold 104 THOUSAND shares and on December he sold 37 THOUSAND shares he’s ready to jump with his golden parachute 🪂
Sinking ship
I hoped that something would get better but that is not happening. Am I exaggerating if I say that this company is really in a nose dive?
Would you trust Allstate as your home/auto insurer?
Would you trust them to pay your fairly if you had to make a claim, or if someone you hit had to make a claim on your policy?
Next week will be 6 months since they made announcement in RMBC and ASIC we were having layoffs and still no update
I think it should be illegal what senior management is doing by lying and acting like they have no idea who or when layoffs will be. However, they sure have new training classes in the Philippines lined up. It's one thing for allstate to want to get... — read more
Allstate can't retain anyone anymore
Best employees left a long time ago but the rest continue to leave as well. Can Allstate retain anyone anymore? I doubt it. It's just sheer luck for this company that some are still here but they will leave as soon as they get the chance. I don't... — read more
An ominous sense of foreboding
With the new year in full swing and the subtle changes going on, brings us to pause and ask what are they really up to in the executive suite ? Insiders please divulge.
India facing "layoffs" as well
The vendors are going to cost less than even India. Word is Pune is facing some reductions in 2023 as well although not to the extent of reductions in the U.S.
No positive changes
I haven't seen any positive changes here for a long time. Perhaps there were some that I am not aware of, and if so, someone please remind me what those positive things are. I'm getting sick of working in a company where I'm just waiting for... — read more
Claims Impacts
Found out under variables. Confirm bits?
Bonus time?
It’s 2023…. Where’s that beautiful bonus Tommy boy promised us???
When asic and rmbc finally announce the layoffs go nuts!
Shut down the departments as soon as the announce. Go into permanent away and refuse to take chats. Refuse to process. Refuse to service. Refuse to underwrite. Refuse the orders of these walking overpaid trash heaps. The want to get rid of us? Then... — read more
Allstate looking to hire laid off tech workers
So a couple of news outlets are reporting that Allstate is looking to staff up tech workers, looking to capitalize on the flood of available talent set loose by the recent layoffs. Are they going to try to attract people on the West Coast with... — read more
Layoffs announced on 1-20
.............we all knew what was coming, H/O advised employees based out of IL that layoffs will begin on 6-1-23, no confirmed # other than 1/3 will be "eliminated" and receive severance buy out offers in the next 90 days
Another loss for the snake
Allstate is on pace for another loss…. It is no joke that this is Sears 2.0. But the good news is that this deficient board will still give Tommy his bonuses… Ironically watching Allsnake is like watching a car crash in slow motion…
Stock-$141 to $125 in less than 2 weeks
Wall Street got a bit ahead of themselves given the estimated quarterly earnings released last night. Despite double-digit auto average premium increases, the loss cost pressure from inflation and sub-optimal claim handling result in a 112.6... — read more
When you leave...
If you quit Allstate, can you cashout your pension or do you have to roll it over. I want to cash out my pension but roll over the 401k. Can you do that??