Allstate Insurance announced on Wednesday that they are planning to lay off 3,800 employees.
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.”
Roughly 1,000 of those laid off are linked to the pandemic-related refunds the insurance company is giving to customers, WSJ reported.
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