Allianz reviews

Toxic management, toxic staff. HR processes used when convenient. Recent mass redundancy so badly handled

Cons are as a direct result of the merger with Allianz, who are now my new employer. Numerous rushed and poorly planned changes to processes and systems. Arbitrary change to pay date with no consultation at the associate level. Consistent and purposeful movement toward outsourced workforce. This initially began with an attrition based model mid 2024, meaning associate roles vacated would not be rehired in the uk, rather in India. This has now progressed into a full blown announcement of mass redundancy for our arm of the business, affecting all associated departments and totalling 300 roles being made redundant. Plans have now been announced to commence hiring of 100 candidates in India within this arm of the business, effectively replacing every 3 UK employees with 1 Indian employee. Allianz has marketed this as "investing in a multiyear transformation programme to become a simpler, digital-led, leaner business". The non-jargon explanation is that despite Allianz UK personal generating an operating profit of £114.3m in 2024 and seeing an increase in profits in Q1 of 2025 vs Q1 of 2024, they are choosing to axe the jobs of the hardworking people who achieved and maintained those profits, and hire cheaper labour in India.