Thread regarding Allstate Corp. layoffs

TODAY IS THE DAY.

Let's see how many people retire today!

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Post ID: @WofxRxA

15 replies (most recent on top)

As an employee, I hold the leader that hired that semi-literate loser, responsible. It amazes me that he/she could advance through any interview process, never mind interact with customers. His bitterness suggests that while we made the mistake of hiring him, we eventually cut him loose. Get over it loser.

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Post ID: @WofxRxA-sbny

You d bags who retired w high school degree working on typewriters in mad men environment with shared rotary phone -- enjoy living high on hog because your beloved company has become a micromanaged POS that's fallen to fourth in market share. Hey! Should we embrace Scientology like you id--ts did in 70s before u pile on Whatever the f home office comes up with if I got job I'm with Xenu! Omg is this company a joke look at turnover in cost centers to competitors sure train them to compete and btw CI is total hr bull sh-- ahahahaha cya on way down allshit!

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Post ID: @WofxRxA-rhdg

Hey id--t. Two previous posters, the person asked about the significance of retirements at or before 11/30. The next poster explained it. And for the employees that retired on 11/29, their decision WAS driven by the impact of the rising interest rate on their lump sum pension, or MONEY.

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Post ID: @WofxRxA-8krv

It's not about the money A$$holes!!! Typical Allstate mentality! Go to ......

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Post ID: @WofxRxA-8yvr

Answer to the 11/29 question ; for those tenured employees who participated in the defined benefit pension, and took the lump sum, the payout is influenced by an interest rate that is communicated in September. If you want to take advantage of the current rate, you must retire by 11/30. As the rate goes up, it can mean a lower lump sum pension pay out, so financially beneficial to leave by 11/30 to take advantage of current year (lower) rate. Could be worth tens of thousands up to several hundred thousands of dollars.

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Post ID: @WofxRxA-8itu

What was motivation to retire on Nov 29th sorry ignorant. In my office we DID have over 100 years experience leave in mass exodus what was reason/incentive/for someone still trapped. TY

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Post ID: @WofxRxA-8ixg

Retired week ago. Company has become micromanaged mess of everything but focusing on core business (selling insurance is bottom list of BS). Glad I saved and developed other income streams because btw Allstates medical for retirees is HORRIBLE (and from my friends still working its sad and no NOT all companies ARE burdening employees with garbage catastrophic med plans). Good luck Allstaters still there I feel for you.

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Post ID: @WofxRxA-8rbg

I agree with the previous post. Even if you go laid off in your mid to late 50’s, you would still have decades (assume your an Allstate lifer) of pension and 401k savings. How could you lose all that just by being laid off ?

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Post ID: @WofxRxA-7lol

I’m calling BS. If you got laid off “a few years before retirement age”, you couldn’t have “lost everything “. First of all, if you were eligible for the defined pension benefit, it was frozen in 2011, so it didn’t increase in value after that. If you were within a couple of years of retirement (55+ ?), getting laid off would only deprive you of a couple of years of cash flow, not blow up 25-35 years of retirement savings.

So, I’m calling BS.

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Post ID: @WofxRxA-7nle

At least you had the opportunity to retire and not get laid off and lose everything only a few years prior to retirement age. Thanks Allstate! Enjoy!

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Post ID: @WofxRxA-6hyw

Retired last year after 30+ years. Glad I retired, but nothing but good things to say about the company. Over 30 years, there are always going to be things you wish were different, but there’s nothing worse than cranky retirees that sit around and bit*h about what the company has become.

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Post ID: @WofxRxA-4mse

I retired almost two years ago after 30 + years. Best decision I ever made.

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Post ID: @WofxRxA-3jun

Actually just retired after 33 years at Allstate. Sad to see what the company has become.

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Post ID: @WofxRxA-2fsv

No, you’d be foolish not to, if you worked a long and dedicated career, and had saved enough to enjoy the next phase of your life.

Whoever made the last post is an id--t, who probably toils in some meaningless job, with his third company in five years.

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Post ID: @WofxRxA-1zla

You would be foolish not to if you can. Don’t go down with the sinking ship!

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Post ID: @WofxRxA-1zpd

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