Allstate has significantly reduced its corporate office spending from $382 million in 2020 to just $138 million this year, showcasing a remarkable $244 million decrease.
The insurance giant's current approach focuses on flexibility, as 25% of its 54,000 employees will be able to work in coworking spaces as needed.
Allstate's testing of shared office spaces—where employees gather for training and team-building—contrasts sharply with strict return-to-office policies at companies like Amazon.
The shift to coworking spaces aims to accommodate Allstate’s smaller employee groups situated in various cities, promoting collaboration without committing to long-term leases.
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