Allstate cut annual spending on corporate offices by more than half in four years, going from $382 million in 2020 to $138 million this year, per Bloomberg — a $244 million reduction.
Though Allstate has also reduced its real estate footprint from 12 million square feet to 4 million, the insurance giant says it’s metaphorically “building something new” in the near future by allowing remote employees to meet in coworking spaces or shared offices used by multiple companies simultaneously.
According to a Monday Bloomberg report, 25% of Allstate’s 54,000 corporate employees will have the chance to meet with one another in coworking spaces across the country. They will rent space in
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