I've heard things are not looking so good, I'm hoping somebody here will tell me differently.
Topics regarding layoffs at Nationwide (Insurance and Financial Services)
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
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
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
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
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
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?
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
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
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.
Nationwide had me drive to a remote location so my manager could pop up on a tv screen to tell me I was laid off. Nationwide wasn't on my side after 12+ years. — read more
I worked for Nationwide for little under 7 years. I still think it was a great company to work for in terms of work life balance and a culture of work. However, there were too many shuffling. They were too busy to implement borrowed idea than... — 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
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
Round one yesterday with the claim department. More to come as they move towards the good old "desk model". Watch the customers continue to flee as they deal with inexperienced claim "processors". Todays customers deserve more as they continue to see... — 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
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
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?
Nationwide unceromonsly pink slipped 113 positions within the claim department today. Majority were mid-manager positions. Average age kicked to the curb is 46. Easy answer to get rid of people when times get tougher. But true answer lies behind the... — 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
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.
NFS is doing fine, things are picking up, cash flow is better, we are hiring again
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
More layoffs/reorganization to come should know more next week
Things are brewing out here in the property division, not sure yet. Many rumors about future consolidation of Property and CAT depts with the enterprise. Any thoughts? — read more
Nationwide today and Nationwide two decades ago is not the same company. This has become a cesspool of nepotism where good people who know their jobs and have been with the company for decades are being let go while the management's friends and... — read more
I don't know if other people have had similar problems, but for me office bullying and the inability of Nationwide's HR department to deal with it is what has me looking for a new job as I type this. No matter how bad it gets, the corporate HR just... — read more
38,000 Employees and 2800 "Exclusive" Agents.... Hmmm kinda makes you wonder why our Trade Combined Ratio is so ridiculously high!?!?
So, the people who were notified a few months ago they were being let go were finally cut this week. Timing couldn't be worse, right before Christmas. Makes it so clear that Nationwide doesn't care about its employees one bit. Not to mention, the... — read more
Nationwide is overpay Manning, Earnhardt JR, Paisley and Lavar. Then claim your losing money thru losses. Drop agents and customers, but still overadvertise. Then lay off hundreds of employees. Now tell your customers that pay them for service to... — read more
This has become nearly unbearable! Our workloads at Nationwide have become ridiculous and beyond the realm of possible to finish in regular hours... Not to mention, no matter how well you do, don't expect to be rewarded, pay raises are jokingly... — read more
Nationwide is laying off 400 people in various locations across the country. Still not sure where and which positions exactly, so if you know something, please let us know here. Talk about pulling the rug from under people right before the holidays... — read more
That’s my rant for today – I heard about layoffs, mostly through mainstream media – I have nothing to add here as they are not affecting my group. Nationwide is huge, and sometimes it feels that each team is an island, with limited communication with... — read more
I find the timing of the current Nationwide layoffs to be weird at best, sinister may be the better word here though. Right before holidays and fairly sudden, what's wrong with this picture??? And all of this while paying executives even more and... — read more
40 years worked in Memphis and the office closed. Option to move to Gainesville, FL! I Miss my NW friends. Not surprised of any closings. Hang in there y’all.
It's sometimes hard to see why Nationwide even needs layoffs, considering the high turnover we have. I guess it's the combination of low pay, small chance of advancement, and disappearing bonuses that has people leaving left and right. I've had three... — read more