Allstate Reportedly Preparing To Downsize, Thousands Of Employees Likely Affected

 Thursday, June 25, 2020

 Insurance Business

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.
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