Allstate Reportedly Preparing To Downsize, Thousands Of Employees Likely Affected - Insurance Claims News Article

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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