Allstate Reportedly Preparing To Downsize, Thousands Of Employees Likely Affected (Insurance Business)

Allstate Reportedly Preparing To Downsize, Thousands Of Employees Likely Affected

Thursday, June 25th, 2020 Risk Management

With Allstate Corporation remaining tight-lipped over a possible mass layoff, details have emerged from an anonymous tipster suggesting that more than 3,000 employees could be out of a job soon.

An anonymous user posted several details on thelayoff.com about Allstate’s planned downsizing, warning that some 3,700 have been “earmarked for elimination” – cuts have been planned for nearly every Allstate department and across other Allstate-affiliated companies as well, it is alleged.

The most notable detail shared by the anonymous poster is that Allstate will be replacing its 14 regional operations with 4 “Zone HQs”.

This move will involve the elimination of most distribution manager roles, the tipster said. Manager roles affected include state/territory managers, regional sales leaders, field VPs, and recruitment leaders.


External References & Further Reading
https://www.insurancebusinessmag.com/us/news/breaking-news/allstate-firing-thousands--report-226162.aspx
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