Does anyone think upper mgmt and executives are reading and/or writing some of these comments?
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The number one goal of Allstate is to never pay out unemployment. They will be working hard to help you get a job. I’m thinking some unemployment sounds nice right now.
This is exactly why any large corporation announces layoffs months in advance and with little to no details. So people speculate, assume, talk, state “facts” that are based on the aforementioned speculation and cause associates to do one of two things: A. Quit B. Spread enough false information to many other employees, who will then quit for fear of what’s to come. The longer they go with holding information, the more likely employees (lesser tenured most likely) leave voluntarily instead of waiting for announcements. This will simply make Allstate be able avoid paying out a severance to these people and save, possibly, millions of dollars. It’s a strategy. And reading these posts makes it clear they are going to achieve this. Every employee needs to either wait it out and get your severance- or stop stressing and just move on. They are avoiding PR disasters by leaving it all as vague as possible. No one seems to have proof of any numbers or times posted on this site. It’s all speculation and anyone who knows details have already most likely signed an agreement preventing ANY sharing of information. Don’t believed any of the people advising they are speaking from a place of direct knowledge. Anyone who does know who all has to downsize makes too much money to risk losing it by sharing it on these sites. We can all have opinions, but in the end, only a few know all the facts. Do your job and just know- there are companies hiring- maybe not insurance but everyone at this company has formed skill sets for other great companies. All does not end with Allstate. Move on to better things!
The truth is the hardest pill to swallow.
There isn't a single thing I wrote that is untrue or even remotely misleading. It's uncomfortable for everyone who might have unreasonable expectations or any degree of entitlement, but that's less a problem with business than it is with individuals.
It's delusional to pretend the priority of any business is anything other than profit, and it's delusional to pretend the working relationship between a company and its employees isn't anything but transactional.
During times of universal deceit telling the truth becomes a revolutionary act.
Poster “OwnedNothing” is a director or VP. You just don’t get it. Maybe If you removed your head out of TW & the rest of the greedy dinosaurs @ss you could see what is going on & the people it will effect!! We are in the middle of a pandemic & major unemployment hike! Are you that stupid or just a heartless POS?!? Bottom line is that this is the worse time to lay anyone off! We all hope you get cut!!!
Spoken like a TRUE apologist and corporate sycophant. I guess I will taper can taper my expectations when I have to feed my family, pay the rent and car insurance without a job. So yes.
I doubt it. The more likely scenario is that there are two sides to every story, and most commenters on this site tell theirs without accounting for both. The commenters who do account for both tell the side of the story that doesn't align with the victimization narrative, and it doesn't sit well with people who consider themselves victims.
It stood out to me, for example, that there are two different criticisms in the last few days that are equally popular. The first maligns the company for stock buy-backs a few months ago, and the second criticizes the company for serving the stock holders.
It's a "damned if you do, damned if you don't" standard. If the company buys back stock, then some control is restored to the company. However, if the company does not buy back stock, then it doesn't regain any control, and the level of input the stock-holders have remains unchecked. But both decisions either cost money or cost autonomy, and the result is always going to result in job losses to maintain net profit and stock valuation in a crumbling economy.
There is a fair amount of both rumor and good information on this site, but the majority of comments boil down to extended rants that say less about company operations than it does the entitlement mentality of some of its employees. Part of that problem is indeed the company's fault; not because those employees are actually entitled to jobs, but because the company works so hard to promote a false sense of security and care in its corporate culture.
The truth is much harder to swallow: Allstate Insurance Company is a publicly traded corporation whose first priority is to serve its stockholders and its bottom-line, the same as all corporations. In times of feast, the company can afford to hire to excess and bloat the workforce with a minimal impact to the company's net value. But in times of famine, the net value is expected to stay at its high-point. The company has to trim some fat to reduce operating costs and keep the stock value up. That's just how it is, and that's how it's always been.
As far as the CEO is concerned, the complaints about his salary as factoring into the RIF are bogus. Assuming the shareholders gave a damn about employee opinions and fired him, and assuming the average salary is $50k/year, if his entire salary went to retaining employees it would only cover 10% of the RIF (380 jobs). Many employees' salaries are much higher than this (Band C/D/E), and the actual number of "saved" jobs would be considerably lower. Anyone with a calculator can run the numbers on that complaint and realize it's factually unsupported.
If I could change one thing about Allstate, it would be the understanding between the employers and the employee. Instead of the ubiquitous "We Care" and "Employee Wellness" messaging that's propagated ad-nauseum, I would make it very clear that all employees are hired and fired at-will. Performance should be appreciated and rewarded with pay raises, recognition and retention, but it's a job - not a social club.
Allstate exists to make a profit, not to make employees feel good or unreasonably comfortable. If a salary gets in the way of profitability, then that salary - and the employee's mortgage, car payment and discretionary income - will be put on the chopping block to serve that profit.
And that's life. Taper your expectations, work hard, live within your means, make yourself valuable, and hope for the best, but never forget that no one owes any of us anything, especially as employees of a publicly-traded corporation.
Yes I do.... Some even have posted & talked c-ap about the greedy CEO & the rest of the dinosaurs, but too bad they don’t have the guts to speak up & call out this unethical RIFs! Maybe one day they might grow a pair!!