Based on what a senior leaders spilled over 4000 were/are being let go from Wednesday to Friday. On par with the fall 2020 cuts plus some.
NatGen the biggest chunk and an entire site in India included.
They had to delay the cuts to add more heads to the block. This was supposed to happen in October and before the third quarter numbers being announced.
Another round in Q1 27.
@db Hi, What is 10-10-3?
@dz clarification: you all as in corporate leadership, not those of you who just lost your jobs.
Fu-k this sh-t. They can fu-k all the way off. We have lives—oh and sending a lot to India IS A BIG MISTAKE. LOTS of rework and unhappy customers. Agents and sales reps build relationships with us and wonder where we are. They ask for us by name sometimes. Gone. Relationships = better customer service. NOT always doing more with less i.e. automation and offshoring jobs. You all are cowards!
Claims will be impacted the most moving forward. TW & team wants to automate 80% of the claims process across all LOBs by 2029. Technology (broadly speaking) will triple in size by then. Unsure if Q1 2027 layoffs will be big, but I’ve gotten confirmation they’re coming.
@c0 From what I understand, Allstate leadership has rarely had the leadership discipline to follow through any 3 year plan to it's conclusion. I hope this happens with the poorly thought out 10-10-3.
@OP hope to be RIF’d in q1 ‘27 although my leader said no layoffs in near future, who knows?
@c4 Yeah, you are right. I think I saw a post flying around last week that they are looking for Interns and advertising to employees to refer them. Within a week, layoffs. I have no idea how these people operate and what their thought process is.
Wilson allowed decades of inept higher up do nothings to collect massive checks and slow down work with bureaucracy to make them feel important because they were "thought leaders". Wilson is realizing bad decisions by unqualified flunkies can't continue so now he's just cutting massive amounts of employees to pump the stock price before he rides off to count his money. He doesn't care if in 5 years there are good people left because he will be gone. Greed and d-mb decisions are his legacy. For example, buying companies and never once making an acquisition a success.Only able to happen because Allstate was too big to fail. Fu-k him
@c0
they layoff, and hire.. odd way of doing things.people who you'd think are a fountain of local knowledge are laid off, and green shoots hired to replace them. loss of knowhow is crippling
@a9 you reckon the same 10% will happen next year and year after? God how many can you layoff and operate. As someone whose in a relatively crucial team it still makes me wonder is it time for us all to jump ship
I wish they were transparent about the numbers, what departments are getting affected and why they are doing it. This company is one of the least transparent companies I have seen when it comes to layoffs.
Even if we have 800 RIFs instead of 4K, it’s 800 too many without any strategy and structure. I haven’t been able to focus at work as we don’t know if it’s our team next or they are done with layoffs or not, while our “leader” is MIA.
I am hearing 800...we shall see.
Fu-k Allstate and Tom
If layoffs are in q1 2027, what month is it typically ?
We was told we was safe. I donut belive you. My bossman said we was in good hands before he was axed hard
So roughly 10% of the core insurance company's ~40K. Which aligns with the 10-10-3 initiative.
In response to the 2027-Q1 point: I expect it more in 2027-Q3. Then again in 2028-Q3. That is what the "-3" of "10-10-3" means: 3 years in a row.
@OP is q1 2027 layoffs for sure? How many people expected!?!!