Allstate Layoffs: What to Do If You're Affected

Not long ago, Allstate Insurance filed for bankruptcy protection and laid off thousands of workers to save on costs, which raises the question: will you be next? If you work at Allstate and haven’t been laid off yet, you might be wondering what to do if your company files for bankruptcy protection or if layoffs hit your team. Here are some tips to help you deal with the situation if it happens.

If you’re laid off

Allstate has announced layoffs and many people are wondering what to do next. If you’re one of the affected employees, here are a few things you can do: 

1. Stay positive and keep looking for other opportunities. 

2. Use this time to update your resume and brush up on your interviewing skills. 

3. You have to check with your state’s unemployment office to see if you qualify for benefits or no to.

Protecting your 401(k)

One of the biggest concerns during layoffs is what will happen to your 401(k). Allstate is one of the few companies that offer a 401(k) matching program, so you may be worried about losing out on that. Here are a few tips for protecting your 401(k) during layoffs

Know Your Legal Rights

If you've been affected by the Allstate layoffs, it's important to know your legal rights. You may be entitled to severance pay, unemployment benefits, and other forms of financial assistance. Speak with an attorney to learn an know more about your options.

Reimbursement for any training

Allstate is committed to helping our employees transition to new opportunities. If you are affected by the layoffs, you may be eligible for reimbursement for any training you receive related to your new job. 

• To be eligible, you must first submit a written request to your manager or HR representative. Once approved, you will be reimbursed up to $5,000 for tuition and fees related to your new job. 
• So if you're thinking about going back to school or getting certified in something new, now is the time!

Be proactive

The best way to deal with the possibility of layoffs is to be proactive. Research your company's financial health and the health of its industry.

 Stay up-to-date on company news and rumors. Look at your resume and LinkedIn profile if they are updated. And you have to look for new job opportunities.