Allstate management preaches transparency and I'll give them a little credit that they gave us a few months advance before layoffs in 2020 and also this year. However, they pretend like they don't know the areas and timeline. The people that post on here are very helpful and I personally have been looking for other jobs and planning my transition. I'm definitely staying for severance which mine should be like $10,000 before taxes and then move to another company. It's better than being blindsided and unprepared
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Remember severance is taxed at 40% so a $10,000 will only net you around $6000 and you have medical or COBRA to pay for so knock another $1000-$2000 off for that depending on your particular situation. I would be careful giving up greener pastures for $4000-5000 that will go very quickly.
That is a very good point. You may get transferred to the vendor, you may even get similar total pay and benefits with the new vendor. But the goal of switching to a vendor is lower costs, vendors most likely will not want to pay you what Allstate does because if they did than the vendor won't make money. You could go work for the vendor but just keep looking for new opportunities.
Remember there is a possibility they will transfer your job to a vendor who will then lay you off with no cash payment. If you get a reasonable offer, I would take it!
I think it should depend on a lot of factors on whether or not to stay. You need to understand how long you have at Allstate, hopefully they will be transparent on when your likely last day will be. If you could have your new job start after Allstate ultimately releases you that would be the best case scenario. Personal preference would be to start with the new company, especially if you feel it will be a long term stay for you and your career.
It would depend on a lot of factors like how much the new job is paying, is it a good fit. If it was something unbelievable I'd consider it. Like for example, I make $50,000 a year now. Let's say there was a job paying $80,000 and they offered me and it looked like a good company with bright future I'd leave now lol
OP…If a company offers you a new job with a $5k signing bonus would you take the $5k and forgo the 10k severance. Asking for a friend.