Allstate announces plan to lay off 3,800 employees

Allstate Insurance announced on Wednesday that they are planning to lay off 3,800 employees.

In a press release[1], the company said the layoffs were part of a restructuring plan to lower costs.

Allstate will make the cuts in the sales, claims, and support departments.

“Implementing this plan is difficult as we still deal with the impact of the pandemic but necessary to provide customers the best value,” said Tom Wilson, Chair, President, and CEO of Allstate in the press release. “We have expanded transition support for impacted employees including prioritized internal hiring, extended medical coverage, expanded retraining support, and help in employment searches.”

According to the Wall Street Journal[2], the layoffs cover approximately 8% of Allstate’s 46,000 employees.

Roughly 1,000 of those laid off are linked to the pandemic-related refunds the insurance company is giving to customers, WSJ reported.

Back in April, Wilson told CNBC[3] that the pandemic has resulted in people driving less, and as a result, there are fewer accidents and claims.

Allstate reduced[4] policy-holders’ bills back in March, like many insurers.


  1. ^ press release (
  2. ^ Wall Street Journal (
  3. ^ CNBC (
  4. ^ reduced (

Source URL: Read More
The public content above was dynamically discovered – by graded relevancy to this site’s keyword domain name. Such discovery was by systematic attempts to filter for “Creative Commons“ re-use licensing and/or by Press Release distributions. “Source URL” states the content’s owner and/or publisher. When possible, this site references the content above to generate its value-add, the dynamic sentimental analysis below, which allows us to research global sentiments across a multitude of topics related to this site’s specific keyword domain name. Additionally, when possible, this site references the content above to provide on-demand (multilingual) translations and/or to power its “Read Article to Me” feature, which reads the content aloud to visitors. Where applicable, this site also auto-generates a “References” section, which appends the content above by listing all mentioned links. Views expressed in the content above are solely those of the author(s). We do not endorse, offer to sell, promote, recommend, or, otherwise, make any statement about the content above. We reference the content above for your “reading” entertainment purposes only. Review “DMCA & Terms”, at the bottom of this site, for terms of your access and use as well as for applicable DMCA take-down request.

1 2