Thread regarding Allstate Corp. layoffs

They are trying to cut costs everywhere

Allstate has been only targeting hiring young people for the last several years. Problem is, they get experience and then leave. It costs a lot to bring in someone new to train. They were banking on getting cheaper employees in the Southern states that they opened offices in, but were sorely disappointed. There are probably more employees in Northern Ireland and India than in the U.S. now. They are trying to cut costs everywhere. Now, I'm sure they will sell several buildings (if they can) to get rid of real estate debt. I'm just glad I don't own a business.

Well said, @wan+1aFUdQF6.

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It's almost like businesses exist to generate profits... Weird

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