In GE, was appointed CIO in 2015 and left in ‘18 as the company is in the midst of a significant restructuring, been head of overall IT at the company, he oversaw a project to remove employees at about 600 locations from the corporate network and... — read more
Topics regarding layoffs at Nationwide (Insurance and Financial Services)
Big news coming on Monday, Tuesday
https://insurancenewsnet.com/oarticle/state-farms-record-breaking-growth-linked-to-racketeering-enterprises Multiple issues and risk database amd manipulation it seems. Media quiet bout this and data breaches. Hard to understand. Money talks.
How much is severance package for an employee who worked at NW less than 2 years?
Do we know if yesterday's layoffs are done? Can we expect more today?
The title says it all. Nationwide is in a tailspin. Better get your suits to the dry cleaners and update your resumes.
Company wide 226 layoffs and 300+ furloughs heard today on a conference call. MD field and BI and administrative positions as well. 60 day notices go out June 8th for those laid off and those furloughed expected back October 2nd but don’t be... — read more
It was announced yesterday that two senior VPs are being let go as well as some build/run people over the next two years.
I think it will stay in the 20s
We just got an email saying all leased buildings are closing.
The Columbus Dispatch Posted Mar 6, 2020 at 12:01 AM Nationwide said Thursday that it is switching some of its commercial insurance processing operations to an outside vendor, a move that could cost up to 500 jobs. None of the potential... — read more
And it's not even done yet.
Outsourcing hits again - nearly 500 people are about to be shown the door. Still no news on where and exactly when, but I don't think we'll have to wait for much longer to find out. Frankly, things have been going downhill at this place for so... — read more
I've heard things are not looking so good, I'm hoping somebody here will tell me differently.
Many Claims IT workers to be axed before end of year. Fred is going to retire and his replacement will be a hire axe man to trim the fat. Happy Holidays
Just in from the rumor mill, the plan is to automate infrastructure and operations to the point where they can let all current FTEs go and replace them with contractors that will "keep the lights on." Not sure the time frame, but the way things are... — read more
I worked at Nationwide for nearly two decades, and know they've been doing shadow layoffs for years. Terminations thinly disguised as performance concerns that don't stand up to scrutiny. A refusal to replace FTEs who leave voluntarily. A preference... — read more
69 claims employees have been notified they will be laid off effective Oct 2019 with “more changes and announcements to come” promised to those who did not receive a notice.
Heard there were talks about the Raleigh, NC location closing their building. Any truth or has anyone else heard anything?
I heard today from a person in HR that another round of layoffs are coming in the Fall of 2019. Anyone else hear this or know anymore information?
This company is becoming a total joke. Horrible upper management. Nationwide has to be preparing for some sell off of their P/C side or buying another company. This can be the only answer for their behavior. How they are operating right now is... — read more
Did any other Nationwide location have something similar to this happen? That a certain number of layoffs were announced then increased at a later date?... — read more
Let's get rid of 4% of the workforce but keep it out of the news... said Nationwide. https://www.bizjournals.com/columbus/news/2018/11/13/nationwide-cutting-1-100-jobs-in-columbusacross.html — read more
It’s pretty simple really. Technology is changing everything and insurance is the latest victim. Just google the articles about the future of insurance and you’ll see for yourself. Insurance in the future is going to be wild and there won’t be much... — read more
With all the layoffs morale is in the toilet. Workloads have tripled and our members are paying the price because we can’t provide the service they deserve. They expect us to “desk adjust” claims and they got rid of all of us field reps. This... — read more
Is anyone else feeling like they are in a circle where they are micromanaged to the maximum and they have no options to do anything about it, other than quit and end up without a job? My manager implements a vicious regime of micromanagement that... — read more
How many times does Nationwide need to switch strategies before actually executing any of them to completion? Talk about inept corporate leadership. We are constantly behind other insurance companies when it comes to adjusting to changing markets and... — read more
Is it just me, or does it seem like Nationwide has given up on major layoffs in exchange for never-ending smaller ones? Every few days I hear or read about another person or two being laid off. This would make sense because there is no bad publicity... — read more
I’m surprised so many people got worked up about layoffs. Speaking from my experience, we are so much overworked at this visionless company and with lousy salaries that at this point layoffs could come as a blessing to us. Maybe it’s not so bad to... — read more
I left Nationwide a year ago after finally having enough of being micromanaged and being expected to forget about having a life outside of work, and I have not regretted it for one second. I still feel for my friends who still work there. From what... — read more
I just lost my job yesterday with this company after being told it was safe. Yes they are laying off thousands of employees in Property and Casualty, Agents and IT. Poor leadership and poor financial decisions are causing thousands of hard working... — read more
It's interesting, as they just bragged about a billion dollar surplus for 2017 and yet are firing more people and yet again, leaving the company incredibly divided and top heavy. Let's not even mention the pay disparities that exist. It's a good ol'... — read more
Nationwide announced today to employees they are laying off more. (On top of the 1100 in 2018) Over 1000 more of us got payed off today
The upcoming 1,100 job cuts is the 2019 round of layoffs. The long term Nationwide strategy is for another round of cuts in 2020 as policy counts and premium continues to go down. Sad that so many good people are being affected.
More layoffs/reorganization to come should know more next week
Worked at Nationwide for nearly 2 years in the Carolinas as a field adjuster. Thankful I was able to leave before this came down. I could see the direction they were headed. Praying for my friends this Christmas season who will lose their jobs... — read more
Nationwide cut about 80 workers at Des Moines location. Other reports (1100) are also true, this is impacting thousands of people... — read more
I hear this guy from GE recently was leading many failed projects and initiatives. They are dismantling the business he was a part of. What have we gotten ourselves into?