Thread regarding Allstate Corp. layoffs

Some layoffs are bound to happen in a company this big

Allstate is an organization with 43,000 employees. Of course there will be some layoffs in some part of the organization at some point in the year. They exit businesses that are not profitable,or decided not to be in. They react to downturns in the business (fewer policyholders), efficiency gains (advances in technology/fewer people).

There has never been a year that an organization this size hasn’t done some layoffs. That said, they can be adding employees at the same time, so it can result in a net growth in employees.

Couldn’t agree more with @VTLJLaD-enp. This is a strong message to all of those spreading panic.

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Post ID: @VVgikDS

5 replies (most recent on top)

Esurance is an emerging and still relatively immature business. The expectations of Esurance is different than those of a mature business, and people shouldn’t equate results in the P & L with impacts to the staffing model.

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Post ID: @VVgikDS-2zluu

That's not correct. Esurance turned it's first profit shortly after its first layoffs in 2017. Now is it a real profit, NO.

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Post ID: @VVgikDS-2ydpx

Neither of the previous two posts make any sense. Number one, I’m not Glenn. Number two, what does Esurance’s profit have to do with that statement ?

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Post ID: @VVgikDS-3kjc

Can’t agree. ESurance hasn’t turned a profit.

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Post ID: @VVgikDS-2opb

Thanks Glen! Can you put this on intranet gutless Wonder?!!

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Post ID: @VVgikDS-2wmc

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