National General has laid off nearly 200 employees in Louisiana and has shut down a call center. Employees were escorted out of the building by armed guards. This is not the leadership style we see at National General and they should be investigated for hiring practices. National General needs to do more than talk the talk - they need to walk the walk!
Allstate's acquisition of National General Insurance
During the last few years, Allstate has made several changes to its business model and its workforce. The company has shifted payroll processing to the end of the week and requires all employees to sign an arbitration agreement. In addition, the company has made changes to its commission structure and has partnered with Esurance, a direct insurance selling company with decades of experience. The company also acquired National General, which will operate as an independent agency platform.
While natural disasters have been devastating Allstate's homeowners business, it has made moves to help customers. In April and May, the company announced a new program that will refund customers 15% of their premiums, applying it as credit. The company is also expanding coverage for delivery drivers and has started offering free identity protection services.
The company is also consolidating its agents. Allstate's new plan to grow personal property liability insurance market share focuses on improving customer access, enhancing customer value, and maximizing marketing resources. As a result, the company plans to cut costs and increase marketing. However, the plans will also result in layoffs for some employees.
While natural disasters have been devastating Allstate's homeowners business, it has made moves to help customers. In April and May, the company announced a new program that will refund customers 15% of their premiums, applying it as credit. The company is also expanding coverage for delivery drivers and has started offering free identity protection services.
The company is also consolidating its agents. Allstate's new plan to grow personal property liability insurance market share focuses on improving customer access, enhancing customer value, and maximizing marketing resources. As a result, the company plans to cut costs and increase marketing. However, the plans will also result in layoffs for some employees.
4% of staff to be laid off
The recent news of a 4% layoff is not unique to Silicon Valley. While it is rare for large companies to trim their workforce, it is especially troubling for tech companies which were notorious for over-hiring as the global economy began to recover. In one year, Google, Microsoft and Alphabet increased their staff by 20 percent.
According to a recent report, a number of large health care organizations have announced major workforce cuts. Adventist Health, for example, announced that it will cut 52 positions in its Roseville, California, headquarters. The layoffs will affect management and staffing roles. The hospital system expects to lose about $300 million in the current fiscal year.
Another major corporation is Exxon Mobil, which plans to cut 14,000 employees worldwide. The cuts are spread across all sectors, but the focus is on growth areas and addressing customer demand for legacy products. Meanwhile, BP, the British energy giant, is planning to cut almost 10,000 jobs. These cuts will primarily affect senior management positions, rather than front-line operational staff.
According to a recent report, a number of large health care organizations have announced major workforce cuts. Adventist Health, for example, announced that it will cut 52 positions in its Roseville, California, headquarters. The layoffs will affect management and staffing roles. The hospital system expects to lose about $300 million in the current fiscal year.
Another major corporation is Exxon Mobil, which plans to cut 14,000 employees worldwide. The cuts are spread across all sectors, but the focus is on growth areas and addressing customer demand for legacy products. Meanwhile, BP, the British energy giant, is planning to cut almost 10,000 jobs. These cuts will primarily affect senior management positions, rather than front-line operational staff.
Pay cut of 20% or more expected
Many people don't realize that 20% of current employees are now eligible for layoffs. These layoffs are not limited to federal employees. They can also occur at private employers. In fact, some companies have already announced pay cuts for their entire workforce. In addition to reducing their staff, these companies are also implementing cost-cutting measures. For example, Lee Enterprises, a newspaper owner in Wyoming, announced plans to cut the pay of its executive staff by 20%.
Newspapers and magazines are also taking pay cuts. The San Francisco Examiner and the San Francisco Weekly have both cut hours and pay for their employees. KPBS in San Diego and KCRW in Santa Monica have also offered buyouts to their staffs. Meanwhile, NBCU has already laid off 130 people in Los Angeles. Other newspapers in the Bay Area include the Chico News & Review, Monterey County Weekly, and Palo Alto Daily Post.
Newspapers and magazines are also taking pay cuts. The San Francisco Examiner and the San Francisco Weekly have both cut hours and pay for their employees. KPBS in San Diego and KCRW in Santa Monica have also offered buyouts to their staffs. Meanwhile, NBCU has already laid off 130 people in Los Angeles. Other newspapers in the Bay Area include the Chico News & Review, Monterey County Weekly, and Palo Alto Daily Post.
Locations of layoffs
National General recently closed a call center in Louisiana, laying off nearly 200 workers. The company said it was changing its business model away from growth at all costs. The layoffs were monitored by armed guards and were followed by a process in which employees were required to pack up their desks. The company is now explaining the criteria for laying off employees. Many of the layoffs will affect female employees.
Nordstrom is also laying off 231 employees at its distribution center in Iowa. A spokesperson said the layoffs are necessary to better align the company's business needs. However, the company did not respond to a request from Forbes. Gap has also said that it plans to lay off up to 500 jobs in corporate offices, including in New York, San Francisco, and Asia. The company confirmed the layoffs to Forbes, but did not say where the positions are located.
General layoffs will become a common sight in years to come. Companies are struggling to stay afloat amid financial difficulties. Some companies, such as Exxon Mobil, are planning to cut 14,000 jobs around the world. Others, like Marriott Vacations Worldwide, have announced that they will lay off 3,000 workers by 2022.
Nordstrom is also laying off 231 employees at its distribution center in Iowa. A spokesperson said the layoffs are necessary to better align the company's business needs. However, the company did not respond to a request from Forbes. Gap has also said that it plans to lay off up to 500 jobs in corporate offices, including in New York, San Francisco, and Asia. The company confirmed the layoffs to Forbes, but did not say where the positions are located.
General layoffs will become a common sight in years to come. Companies are struggling to stay afloat amid financial difficulties. Some companies, such as Exxon Mobil, are planning to cut 14,000 jobs around the world. Others, like Marriott Vacations Worldwide, have announced that they will lay off 3,000 workers by 2022.
