Laid-Off Tech Workers Are About to Get Help From Allstate
- Insurer will ‘upgrade talent’ throughout the firm, CFO says
- Plan is to keep investing in innovation even as losses mount
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Allstate Corp. plans to tap the pool of recently fired tech workers to help the insurer overhaul its business.
The company — best known for auto and home policies — is investing in technology including artificial intelligence and telematics, which sets premiums based on customers’ driving habits, to help it tap new clients and markets. Massive job cuts at tech companies could make the hiring search easier, according to Chief Financial Officer Jess Merten.