Thread regarding Allstate Corp. layoffs

Change needs to start from the very topic the corporation, not just the top of the individual regions. Tom has done great for this company in the past, but as listed above, he has most recently driven the company to a place where no one wants to be. This company was built on relationships and handshakes. If this is about cost cutting, good bye Tom! Reduction on salary and bonus options for those that are making the decisions to lay-off thousands. Shapiro has blown up multiple corporations, it’s what he does. The better question is who will be left to put the company back together?

The “anger over layoffs” is less about the layoffs and more about the hypocrisy. Accountability and “pay for performance” is preached endlessly. The employee is constantly told that expenses must be considered with the mantra “would the customer want to pay for it.” We are talking about a company that is no where near “number “ in any measure and you have the folks at the top of the pyramid paid like it is. The folks determining that people are “expendable” for the reasons noted above have no problem dropping those “expense dollars” in their own pocket.
That is where my anger comes from. You give me a reason that would justify and Allstate executive being paid higher than peers in the insurance industry who are leading companies in that same industry with better results.
To make it simple, why would Glen Shapiro be making more money than his peers at State Farm, Geico or Progressive for a start.
If you truly are and want to be a leader, you live by the same mantra as preached to the employee. If you truly are a leader you share the sacrifice that you preach to your employees. If the goal is to make the company stronger in the long term, stop reaching your own hand into the company treasury.....

Esurance now Allstate employee here. Not happy with the lack of transparency, but think the anger over layoffs is misplaced. I do not want to work for a company that is just going with the status quo. In fact, I’d rather be laid off (or quit) and finding something better, even if that means a few months out of work, than be a cog in a dying machine.

Just my view.

Tom, Glenn & the rest of the execs are all scumbags!! All over paid way more than any other insurance company execs! Allstate is not rated as #1. So why are the top execs paid like Allstate is #1?!?!? You must be a heartless POS to do lay-off at a time like this. They are running Allstate to the ground! Rated #4 now & soon to be rated even lower.

But but he wears honest grandpa Tom glasses with matching wig and turtlenecks to complete the look so he must be a good guy

But with a reported 80 million net worth, he always seems to land in his feet......

I’m not one for conspiracy theories, but if you told me that Tom was a slimy, soulless lizard person unable to feel empathy... I would believe it.