Thread regarding Allstate Corp. layoffs

Allstate can no longer afford to be a safe harbor employer

Supply and demand for human beings to do the work of Allstate in a mega competitive insurance industry is what it is. Allstate needs to do things better, faster, cheaper. The shareholders demand it. The policyholders demand it too. If Allstate can be price competitive with its insurance product offerings then it has no future. We will see more huge investments in technology, more jobs shipped overseas and more veteran and more costly employees terminated and replaced with cheaper more energetic talent. Allstate can no longer afford to be a safe harbor employer. In many ways it is becoming a sweat shop. There will always be endless supply of people who will come in from the outside to take these jobs. And when they burn out or want to make more money, then they’ll leave and be replaced. High turnover will be the new norm at Allstate. And Exclusive Agents? Well if they didn’t already see the handwriting on the wall they are going the way of the dinosaur in this industry.

Sad but true words from @1vwt+19cdo1F8.

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| 1281 views | | 2 replies (last February 5, 2021) | Reply
Post ID: @OP+19eNkl50

2 replies (most recent on top)

Chicago news 6hrs ago....Allstate losing customers.....read Chicago newspaper

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Post ID: @2wwt+19eNkl50

Customers also “demand” decent claim service.
It no longer exists at Allstate.
Allstate has chosen a small set of priorities and customer service is NOT one of them...
The priorities are :
Expense ratio
Market share
Stock price.

The results of the revolving door of employees that you note are employees that do not care, employees constantly in need of training and employees that do not see Allstate as a viable
Long term career choice.
Allstate no longer pursues “best of the best” employees...any warm body will due until the next comes along that they only need to pay the minimum to.

The only loser is the customer and those customers have plenty of lower cost options that will deliver not only a cheap price but service that Allstate is no longer capable of delivering.

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Post ID: @mza+19eNkl50

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