Can't believe the BEO, b—s—ter Executive Officer, tried to spin this as a result of Covid shutdowns, fewer claims, and less need for claims people. This firing was planned well before Corona was released in China. 'Allstate is making too much money so fire 7% of the employees'.
This from a man who stated 12 months ago that US companies needed to pay their employees more money. Instead of increasing salaries he cut the workforce bringing on almost 300 Million in losses for 3rd quarter 2020. Does he really expect ANYONE to believe that a US company made too much money and the solution is a 7% layoff?
If he doesnt get a no confidence vote by the board the shareholder need to remove his lying butt