Allstate Canada employees have reported being caught up in layoffs amid restructuring, an Ontario employment law firm has communicated to Insurance Business.
Samfiru Tumarkin LLP has identified a recent spike in Canadian Allstate employees who have reached out to the law firm claiming they have this week been let go as part of sweeping changes.
“Samfiru Tumarkin LLP is assisting an increasing number of Allstate employees in Ontario, who believe they’re caught in a sweeping layoff and restructuring wave at the company,” said Lior Samfiru, co-founding partner at Samfiru Tumarkin. “Our team is carefully reviewing their severance offers before they are signed back to ensure that every crucial factor is addressed, including the consideration of enhanced compensation due to challenging economic conditions.”
Allstate Canada has been approached for comment.
Cuts would be in addition to the up to 100 job reductions that Allstate Canada employees communicated to the legal business last November, as reported by Insurance Business.
An Allstate Canada spokesperson commented at the time that the business has been “transforming to deliver an exceptional experience to our customers” and regularly evaluates its operating model.
“When employees are impacted by our transformation, we provide fair severance arrangements and job placement support,” the spokesperson said last November.
Reported layoffs in Canadian insurance are relatively rare, insurance industry stakeholders have previously told Insurance Business.
Last year, APOLLO Insurance made layoffs, with a source having told Insurance Business that up to 25% of the Canadian insurtech’s staff had been affected, though the company declined to confirm this figure.
Across the border in the United States, layoffs have continued into 2023. Employees of personal insurance giant GEICO claimed to have been affected by “mass” job cuts in August. This followed reports of previous cuts across a number of departments including marketing, and the shuttering of its 38 California offices.
Around 370 US-wide jobs were expected to fall casualty to Liberty Mutual restructuring, reported in July.
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