Topics regarding layoffs at Allstate Corp.

Topics regarding layoffs at Allstate Corp.

Applicant

I applied for a position as an adjuster. How is work here?

Progressive as a template - it can be done

Out of little ole Mayfield Village, Ohio a group of actual operational experts are breaking the industry trend. Progressive, with their clear strategy and generationally talented CEO, are posting phenomenal results. Key differences between PGR and... — read more 

What’s the mood?

SO much bad news. What is the mood, in liability claims, in casualty, in property, in underwriting, among producers? Does it feel like a morgue? Cuz I can’t believe anyone is upbeat right now… Is there a rush for the doors?

Tommy, meet your new boss…

Founded in 2005, Trian Fund Management, L.P. (“Trian”) is a multi-billion dollar investment management firm with approximately 50 employees. Trian is a highly engaged shareowner that combines concentrated public equity ownership with operational... — read more 

Transparency Levels

How transparent and open to discussing the reductions in force has Allstate been? Its bad for those impacted and hard for those still at the company. Isn’t transparency a key behavior performance item? Isn’t it a key culture component? — read more 

Fallstate

Shutting down new business across the country is sending smoke signals that they are in trouble. Wilson and his goons are the weakest links and need to go. They are hemorrhaging cash and surplus. Major hedge funds are the saving grace

Hedge Fund Investors mean decrease in benefits

Typically when these hedge fund investors get involved with companies not only does it mean in a lot of cases that the end of a company is within a few years but also they tend to have a lot of benefits cut or changed for quick off the top expense... — read more 

Do we need a new CEO?

Our management is monitoring this site, let's send them a message: Please upvote using arrows up or down. Would having a new CEO help us get better and more stable? Do we need a new CEO. Upvote (arrow up) if you agree that we should get a new... — read more 

COBRA acceptance date?

Hi all! Is there a known deadline for choosing COBRA and the end date of our current benefits?

Hedge funds

Just remember that hedge funds make money when a stock goes up or if they short it and they go down. Trian might not be looking to turn the ship around but ride the titanic into the iceburg

November’s discussion of quarterly results

It will be interesting to see if there is a different tone or any signs of a change in direction in November or if it is the same old full steam ahead on TG and “we are executing well.”

This changes everything!!!!

Tommy is finally going to have the nightmares that he has given to everyone else. He himself is now solidly in the crosshairs as is everyone that surround him. That is why they have now hired a ton of lawyers to advise them how to deal with this. ... — read more 

Body Count?

Marketing and ANI (ATSC) took a hit. Claims and Legal took a hit (mostly mid leadership). Who else? One of the posts below predicted this to the month earlier this summer. It also predicts another round in Q1 2024. Any intel on that? Also - anyone... — read more 

NatGen

Looking to confirm layoffs at NatGen?? Anyone have confirmation? What depts??

Masters in Deception

As the leaders shift claims work types to “other areas”, notice how it’s never said WHERE those other areas are, or WHO is going to be doing the work? It’s all a big secret until you find out on the street. They say “Auto” will do this or... — read more 

Never forget the big lie…

“American business needs to do more to help and protect the American worker for all of their hard work.” Tom Wilson American national TV 2018

But, but,

Claims is hiring! Why didn’t they move people into claims?

Zero Transparency

Flood of emails in this morning about "organisational changes", 4 meetings for this afternoon, no mention of who the layoffs affected (other than senior leaders). But it'll be grand, "thanks for your flexibility" we're just continuing to "redefine... — read more 

Tom may hold the record

Tommy “the hair” Wilson may hold the record. His leadership has now been involved in the destruction of two iconic American corporations….. How many folks can list that on a resume??? What a guy!!

Avail

The fact that Avail is still around and being fully funded by the mothership is a testament to Tom Wilson’s complete failure. Hundreds of millions of dollars down the drain when it was known the concept was not viable a few years ago. Allstate is... — read more 

November 2

“It has been a bumpy ride but we have performed well”. Act 2

Customers turning their backs….

Retention continues to plummet which is why the incompetents are searching for another underperforming bad investment to add their customer count to Allstates atrocious numbers…but the cash reserves may not be there to allow it…… As all companies in... — read more 

Allstate Layoffs

Expect to see layoffs across the US, Ireland, and India. Allstate has made a switch over the past few years to move roles to India which is it's cheapest labor force and now they are laying those folks off. Big cuts are coming in the US across all... — read more 

US layoffs started

For those wondering the US layoffs have begun. Got my 60 day notice today. Long tenure and just gone like that. Sounds like many more coming at lower levels. Flattening the org means making managers maybe finally earn their wage.

Start a new thread - post a news comment, question or message:

: