Allstate Layoffs 2025. The push comes as allstate, which had about 54,300 employees at the end of 2021, battles rising costs that contributed to what the company warned could be a net loss of as much as $385 million. 7, 2025, at 5:30 p.m.
It employed roughly 120,000 people as of february 2, 2025, compared to roughly 126,000 a year earlier, implying a layoff of 6,000 employeesover the last year. Under the uaw contract, the company agreed to offer $50,000 buyouts for veteran production and skilled trade members in 2025 and 2026.
Second Will Be Rolling With The Largest Cut In Late June Or Early July.
Who's making cuts so far.
The Layoff Is A Result Of A Broader Strategic Plan To Shift Focus To A Direct Sales Model That Minimizes Cost And Maximizes Revenue.
It employed roughly 120,000 people as of february 2, 2025, compared to roughly 126,000 a year earlier, implying a layoff of 6,000 employeesover the last year.
(Reporting By David Shepardson In.
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16, 2023, At 11:08 A.m.
What companies experienced massive layoffs in 2025?