I was impacted in the last round of layoffs and was wondering if anyone who is in my age bracket (45+) has had any luck finding employment within the industry? So far, I have had no luck. I have even expanded my search area but it’s slim pickings. It... — read more
Topics regarding layoffs at Nationwide (Insurance and Financial Services)
Are paid-vacations paid upon resignation?
I am planning to search new job. I have few days off accrued. Would they all be paid off by NW after resignation?
Are layoffs happening?
What's going on? Have there been any layoffs so far this week or are they about to start today? Does anybody know more on what we can expect?
Next week will be tough...
Nationwide is expecting another sweeping round of lay-offs the week of September 14th. Due to pressures to cut costs and provide members with lower cost products. Though unfortunate, it’s said that those receiving notices will benefit from a... — read more
How many days of notice period after resignation?
I started looking for jobs outside and will be resigning soon. How many days of notice period I should give to Nationwide? I work as Specialist in IT. Would 2 weeks of notice be enough? Thanks
How much salary Specialist gets in IT?
In Ohio location
The layoff expert - Mr. CTO
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
Next week will be difficult
Big news coming on Monday, Tuesday
Article on SF
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. — read more
Severance package of Nationwide?
How much is severance package for an employee who worked at NW less than 2 years?
More layoffs at Nationwide
Do we know if yesterday's layoffs are done? Can we expect more today?
20-30% Layoffs Across the Board
The title says it all. Nationwide is in a tailspin. Better get your suits to the dry cleaners and update your resumes.
P&C Layoffs/Furlough Announced
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
VPs are getting the pink slips
It was announced yesterday that two senior VPs are being let go as well as some build/run people over the next two years.
AIG stock price target cut to $41 from $49 at J.P. Morgan MarketWatch
I think it will stay in the 20s
Closing Buildings
We just got an email saying all leased buildings are closing.
500 people, 200 in De Moines, IA and 175 in Gainsville, FL (source: Disptach)
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
Whole departments were let go
And it's not even done yet.
Layoffs are starting at Nationwide
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
How will 2020 be in term of layoffs?
I've heard things are not looking so good, I'm hoping somebody here will tell me differently.
More Layoffs to be announced on Nov 1
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
Outsourcing I&O
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
Nationwide has been doing shadow layoffs for years
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
Nationwide Just announced: At least 69 additional layoffs
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.
Raleigh,NC
Heard there were talks about the Raleigh, NC location closing their building. Any truth or has anyone else heard anything?
Another Major Round
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?
Becoming a joke
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
Number of layoffs increases
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
Probably the only news article you'll see....
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
The Bottom Line
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
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
Micromanagement at “ it’s best”
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
Can we choose a strategy and stick to it?
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
Never-ending smaller layoffs
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 not worried about layoffs
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
Left Nationwide a year ago and not regretting it
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
Layoffs Will Continue Until Morale Improves
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
Typical money hungry corporation
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
Layoffs 2019
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