I have a meeting set up with HR regarding this ridiculous forcing to vendors. On initial conversation things with the vendor are not what we were led to believe and it seems we were not told everything about options and our employee rights... — read more
Any new info...?
Does anyone know what areas are being eliminated, outsourced, or reduced? I've seen posts about RMBC, ASIC, claims, but haven't seen much about other areas.
Claims posts on LinkedIn
I have noticed a recent upsurge in LinkedIn posts touting courses completed, continuing education. These are fluffy courses about planning your day or office conflicts. The Allstate posters are ECs or QA people. Are there rumblings about layoffs in... — read more
What's your feelings on ASIC/RMBC announcements?
Personally I think nothing was done by RMBC senior leadership to even try to keep those impacted (no surprises there with who "leads" there). At the same time ASIC did everything to try and sc--w us out of severance. They masked it as saving our jobs... — read more
asic and rmbc announcements this coming week?
word is asic and rmbc leaders had meetings last week about the fates of the departments and that announcements of department layoffs and vendor transfers are coming early this week. can anyone confirm this? anyone have meetings yet scheduled for... — read more
Stock buyout
Forbes online on Saturday had an entry saying AState will be announcing a stock buyout at approx 75/share which means they want to eliminate stockholders to allow the company to be more easily sold............DUMP YOUR STOCK QUICK!!
Sale coming
News outlets in the Illinois area are stating Allstate is in "aggressive" talks with another insurer to sell their book of business by YE of 2023 if not sooner.......Geico, Progressive, any guesses which one is soon to own Allstate?
Tommy sells his stock
On September 21st Tommy Boy sold 104 THOUSAND shares and on December he sold 37 THOUSAND shares he’s ready to jump with his golden parachute 🪂
Sinking ship
I hoped that something would get better but that is not happening. Am I exaggerating if I say that this company is really in a nose dive?
Would you trust Allstate as your home/auto insurer?
Would you trust them to pay your fairly if you had to make a claim, or if someone you hit had to make a claim on your policy?
Next week will be 6 months since they made announcement in RMBC and ASIC we were having layoffs and still no update
I think it should be illegal what senior management is doing by lying and acting like they have no idea who or when layoffs will be. However, they sure have new training classes in the Philippines lined up. It's one thing for allstate to want to get... — read more
Allstate can't retain anyone anymore
Best employees left a long time ago but the rest continue to leave as well. Can Allstate retain anyone anymore? I doubt it. It's just sheer luck for this company that some are still here but they will leave as soon as they get the chance. I don't... — read more
An ominous sense of foreboding
With the new year in full swing and the subtle changes going on, brings us to pause and ask what are they really up to in the executive suite ? Insiders please divulge.
India facing "layoffs" as well
The vendors are going to cost less than even India. Word is Pune is facing some reductions in 2023 as well although not to the extent of reductions in the U.S.
No positive changes
I haven't seen any positive changes here for a long time. Perhaps there were some that I am not aware of, and if so, someone please remind me what those positive things are. I'm getting sick of working in a company where I'm just waiting for... — read more
Claims Impacts
Found out under variables. Confirm bits?
Bonus time?
It’s 2023…. Where’s that beautiful bonus Tommy boy promised us???
When asic and rmbc finally announce the layoffs go nuts!
Shut down the departments as soon as the announce. Go into permanent away and refuse to take chats. Refuse to process. Refuse to service. Refuse to underwrite. Refuse the orders of these walking overpaid trash heaps. The want to get rid of us? Then... — read more
Allstate looking to hire laid off tech workers
So a couple of news outlets are reporting that Allstate is looking to staff up tech workers, looking to capitalize on the flood of available talent set loose by the recent layoffs. Are they going to try to attract people on the West Coast with... — read more
Layoffs announced on 1-20
.............we all knew what was coming, H/O advised employees based out of IL that layoffs will begin on 6-1-23, no confirmed # other than 1/3 will be "eliminated" and receive severance buy out offers in the next 90 days
Another loss for the snake
Allstate is on pace for another loss…. It is no joke that this is Sears 2.0. But the good news is that this deficient board will still give Tommy his bonuses… Ironically watching Allsnake is like watching a car crash in slow motion…
Stock-$141 to $125 in less than 2 weeks
Wall Street got a bit ahead of themselves given the estimated quarterly earnings released last night. Despite double-digit auto average premium increases, the loss cost pressure from inflation and sub-optimal claim handling result in a 112.6... — read more
When you leave...
If you quit Allstate, can you cashout your pension or do you have to roll it over. I want to cash out my pension but roll over the 401k. Can you do that??
Fate of BI adjusters
Will BI claims eventually be handled In India? They already have Dr's reviewing and summarizing medical records. It seems like it would make sense that they start inputting that info into Colossus too...
Plan is maximum U.S. workforce footprint of 20,000 by mid 2024.
Not counting agents and staffs which those in itself are expected to be slashed through sales/retention goals and market needs.
Why I think it's taking so long to announce layoffs for ASIC
I was looking at the new class hired overseas stats in DAP and they all have like 30 minutes handle times. So I think the reason they haven't announced our fates yet is because they need us longer until they can get the new class handle time and... — read more
Louder for the people in the back
Quiet Quitting doesn't mean refusing to work. It means doing what you feel you are being paid and valued at. Me? I still work but only at about 60-70% of what these id--t leaders think I should. I am underpaid, underappreciated, and not respected so... — read more
Does anyone know when they are going to tell us in ASIC if we are laid off or transferred to the vendor
It has been 5 months
TG 2.0
Round 2 of Transformative Growth TBA on 3-1. Many reductions will be in Claims which will transition to Pune.
Manager's response to your quiet quitting
I see quiet quitting as a completely natural act of resistance and rebellion against the squeezing of employees. I'm too tired and I'm thinking that I should stop putting in so much effort as I did before. However, I don't know how my boss would... — read more
lump sum or monthly payment
with layoffs looming considering retiring. Thoughts on the negative if just taking the monthly payments until death vs limo sum which I would run out of money in my lifetime most likely if I did the lump sum.
“TRANSPARENCY”
This is a word of warning to people either thinking of joining AS or to others that may not understand how pay is structured. Several years ago the company came out with a revamped salary plan called “market range relativity”. This program basically... — read more
Posts being deleted
So I confirmed negative posts about Allstate are being deleted by mods once Allstate directs them to remove them so you shouldn't waste time posting anything but positive posts/comments about this wonderful, employee focused company!!!
ALL hovering around an all time high
Maybe Tommy isn’t so bad at his job after all.
I can't focus on work
I am trying to calm my anxiety by looking for new opportunities but so far I have not received any acceptable offers. Regardless of the fact that many people say that high productivity and hard work do not result in any more job security, I would... — read more
Claims being transitioned to overseas vendors later in 2023
My group has been tasked to create education materials to WNS and another vendor to prepare them for working claims. Adjuster training and licensing is also being done as well for these vendors. We have been told a portion of their staff already are... — read more