Black Diamond Ventures reposted this
Allstate is making waves 👏👏👏 After reducing two-thirds of its office space and selling its Chicago HQ, Allstate recognized a critical truth: even employees who prefer working remotely still need a place to gather with their coworkers from time to time. Allstate’s shift to coworking reflects its acknowledgment that the pandemic changed white-collar work irrevocably—and the insurance industry is no different. In the coming months, a quarter of their 54,000 corporate employees in cities like Atlanta, Tampa, and Minneapolis will access on-demand workspaces through LiquidSpace. 'We’re building something new,' says Lauren DeYoung, Allstate’s Workplace Futurist. Employees are embracing a strategy that offers choice and flexibility while keeping costs down. Here’s the impact: Allstate has slashed corporate office expenses by hundreds of millions—down from $382M in 2020 to $138M in 2024—all while creating a work environment that fosters collaboration, innovation, and satisfaction. And we’re here for it! 🎉 Could Allstate’s strategy work for your organization? Share your thoughts in the comments! (P.S. Big shoutout to Matthew Boyle at Bloomberg for this story! Read more with this paywall-free gift link: https://hubs.li/Q02YxV_h0)