Finance reorganization and staffing adjustments coming soon.
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Topics regarding layoffs at MetLife Inc.
Actuarial Department continues to fire good people.
https://www.bloomberg.com/news/articles/2017-03-01/metlife-headcount-drops-by-11-000-in-year-as-ceo-shifts-focus by Katherine Chiglinsky March 1, 2017, 1:31 PM EST MetLife Inc., the largest U.S. life insurer, lowered its headcount by 11,000 last year... read more
Why such scare tactics about headcount cuts and barely any appear to have happened?
Has anyone heard that some in Johnstown, PA are visiting Charlotte in preparation for transfer of work and relocation? The Johnstown office has been open 40 years and there are always rumors it will close.
Who is to blame at this point in time and you need to know that things can be better but people are talking about job cuts NYC.
Please post estimates or facts as it relates to Metlfe 2016 layoffs
Will the open enrollment costs be higher this year due to all the cost cutting and the anticipated Obamacare increases?
According to management it's business, hiring, and travel as usual and very few layoffs will take place in the company. Doesn't make sense what their saying in light of Mr. Kandarian's announcement?
Sorry buddy... Hope the severance helps...
Layoffs have started in Auto and Home departments. ...... They are to continue for a couple of days.....
Look like the axe is swinging again on the Mass/Met Broker Dealer side.
Although it was made clear by the CEO that there would be cuts to headcount, management in some areas seems to be blowing off the message and taking the news very lightly and there have been several recent new hires? What gives?
MetLife Offers Staff Buyouts in Japan http://finance.yahoo.com/news/metlife-offers-staff-buyouts-japan-201041149.html
Employee hiring freeze (no open positions to be filled) and consulting hiring freeze (no new consulting engagements) through at least the rest of 2016. Also, severely restricted travel expenditures for at least the rest of 2016.
And the ax is still swinging! Smh...
Marrty Lippert (CTO) said 68% of the 1 Billion dollar in cuts are coming from GTO. This was the answer he gave when asked where the cuts were coming from.
MLAH management scheduled a conference call for Sept. 7th, to discuss "updates" in our division. Has anybody heard anything about any layoffs?
just getting out of 4 heart bypass 3 weeks ago, i woke up and smelled the coffee at 63,theres no reason to work yourself to death over 401 s and big savings.my problem was hereditary.but now I realize lifes not about fancy cars and big houses,love... read more
I heard that there were layoffs in Retail Life - I used to work there and I know many amazing people over there. It's so sad that they have to go through this as it was one of the best and most talented groups of people I ever worked with. It looks... read more
The Mt. Prospect ,IL office will lay off all their FMLA Leave Coordinators as Sept 15, 2016. The STD and LTD products line will move to Aurora, IL as of Oct 24, 2016. Also all Mt. Prospect accounts that's associated with FMLA (with the exception of 1... read more
I was 9 years away from retirement and 2 weeks from my 15 year anniversary. We found out that our depth was sacrificed to keep a dept in Connecticut operational. They were next on the chopping block but some big wig went to bat for them and they... read more
They already got rid of a good chunk of Met by selling us to MassMutual. Their "so much better" technology is actually worse than Met's when I started almost 12 years ago, not to mention they still us a system from like 20 years ago to key some of... read more
Does anyone know what groups and how much Tampa will be affected by layoffs
I will say, out of all the gin-joints I've worked and all the hideous software packages I have dealt, MetLife's is one of the absolute worse! The word on the streets is that MetLife's "claim" to fame is seriously incompetent upper management... read more
The IT layoffs announcement that was to supposed to happen in March 2016 was cancelled (obviously). MetLife announced on Feb 29 that it will be selling their Premier Client Group to Mass Mutual and spinning off and/or selling its remaining retail... read more
Kandarian said he wants to save a billion over a year or two. OK, 10% or so cut in spending. Guess what that means for MetLife employees and families - LAYOFFS. Not sure if this is gonna be linear (e.g., 10% spending = 10% payroll job cut) but it's... read more
A undisclosed amount of employees have been informed their jobs have been contracted off to CSC, the employees were given offers from CSC.
It looks like it's all over the news now - about 80 people will be let go - more job cuts will certainly come and there will be cuts in 2017 as well... That's my opinion, I hope things improve, but not sure about that.
Across-the-board IT layoffs to be announced sometime in March 2016 (US, 10% cut, ~300 to 350). Not sure when the layoffs will actually begin to occur; presumably by Q3 2016, into Q4 and maybe into Q1 2017.
Layoffs started last Thursday the 12th and those laid off are out at the end of November. Nice right before the Holidays.
What is the likelihood of MetLife layoffs in New York in 2016? Please let me know if you have any information.
Across-the-board layoffs for MetLife IT in 2016
Bridgewater, Somerset, NYC, Morristown, Wilmington (DE), Durham (NC), Warwick (RI), Greenville (SC), Tampa (FL), Boston, Long Island, Clarks Summit (PA), Bloomfield (CT), Cary (NC), Charlotte (NC), - if you work at one of the locations listed there... read more
Shame, shame, shame last quarter profit was just over $1 Billion. Just barely getting by. Earnings per share are $5.91. Stock is near a 52 week low. A few more layoffs and I am in. Oh yeah dividend is 3.13 percent. They do have considerable foreign... read more