More layoffs are coming in 2021. On top of the forced early retirements because NM will no longer provide retiree health benefits. Way to be loyal to long term employees NM!!
Topics regarding layoffs at Northwestern Mutual
Schlifske is ruining NM with his poor leadership. Failed with Learnvest purchase, millions spent to get knowledge of online investment company. They realized it was not helpful and a costly mistake. Most CEO would be fired for wasting millions... — read more
The reason for mass layoffs in 2017 was due to low interest rates, so schlifske said. I imagine more coming in 2020 or 2021 if this still holds true? This coupled with people not having the money to invest in insurance should make for a interesting... — read more
Does anyone at NM even know what the Northstar is? The guy that talks and acts like he is Sean Connery mentions it all the time but I have yet to find someone that can actually tell me.
Finally the company and the IT department in particular can begin to move forward without the darkness of Karl looming over. NM is still similar to Boeing in the sense that they still have their 737 Max (ahem LearnVest) that they are trying to make... — read more
I have heard that they stopped giving 'packages' to employees they terminated (maybe about last September). Can anyone confirm this? I find this hard to believe since these packages come with a legal document that you cannot sue NM, speak badly... — read more
https://www.insuranceandestates.com/top-10-best-dividend-paying-whole-life-insurance-companies/ Congratulations NM you now have the lowest dividend rate out of the big 10. Scroll to the chart at the bottom to see the 10 year decline and how NM... — read more
Welcome to November at NM - annual layoff notices. Updates anyone?
Instead, all the mouth breathers in MKE with no idea how to actually drive the company continue to make decisions that will drive this company into the ground. Schlifske has no idea what he’s doing, and they need to get this dinosaur Managing... — read more
How much pay cut did Johnny Boy take in order to save hundreds of jobs at NM. He threw so many hard working loyal employees under the bus when he approved the mass layoff. He didn't suffer at all. Disgraceful!!!! He should be ashamed John... — read more
I was on the downtown NM campus yesterday. Far fewer people with grey hair as many have previously posted. I was taken aback by a women whose hair was half pink. But what really appalled me was that same woman wearing a midriff top. Really, I... — read more
You’d think anyone with half a brain would realize you can’t force the best employees out the door and then expect the company to function a peak performance. Schlifske and the board clearly don’t understand the importance intellectual capital within... — read more
What do you think about being forced into retirement due to ageism, signing a legal severance document & then receiving a card from Schlifske stating 'Congratulations on you Retirement'? You would think that anyone with a half a brain could see how... — read more
Soon NM will be publicizing their dividend for the year. Guesses on how low it will be?
trusted group from bridge water associates were given millions to build a new investment platform so far nothing delivered except broken promises to the field and the cover up has begun bridgewatergate
When will the Milwaukee Journal actually do some investigative reporting? Another leadership change at NM...aren't people starting to wonder? And, no mention of additional layoff's. Were there any employee's let go as a result but hidden by this... — read more
I’m a fairly new retiree (my choice, toxic environment). I recently stopped by the DT campus and was stunned by the lack of gray hair. “Futurists” are important but so are “maintainers”. Complex products = need for experienced knowledge workers. ... — read more
Yes, the age discrimination is real. I was laid off in late 2017 and saw it since the announcements were made, and continue to see it. I even had a case going in HR on my situation where I was daily experiencing age discrimination (I was just over... — read more
Schlifske has invested his whole legacy on the new planning experience being the cure-all for the fact that permanent life insurance is a dinosaur product. The company needs a major shakeup. The most insular head in the sand company I ever... — read more
How bad can one person screw up a great company? Someone contact the Trump administration to take a look at the outsourcing and loss of jobs of Americans to India. Cheaper per hour does not translate to better qualified workers. Dishonest about... — read more
Just when you thought this place couldn't get any worse it gets announced there is a c---roach infestation at the Franklin campus. I guess the cost cutting initiative to remove garbage cans wasn't such a good way to save a few pennies after all.
The board has finally had it with this clown. According to some folks I know on the inside he will be gone very very soon. And CM will go before that. — read more
I am planning to join NM as a Senior Software Engineer in next 2 weeks and got to know a lot of strange things about internal politics/layoffs and instability. Is it really not safe to join NM NY at this point in Tech area?
Another round today in Product. Word is starting to filter out. Employees, contractors and finally shutting down the AZ office. It will never end. It's a lost cause.
I hear that they are finalizing a new NY office space to replace the current one. From what I was told they want enough space for about 500 people? Isn't that much larger than the current NY office? Are they buying a building or leasing space? I... — read more
Yeah, the people who just promoted a bunch of NYers to SVP and EVP, in addition to funding hundreds of millions for a new office in Manhattan next year are showing all signs they’re done in NY. I’m not a fan of the NY office, but you have to have... — read more
Massive layoff planning in progress in IT planned in third and 4th quarter , layoff packets in preparation , if you are in IT in Milwaukee and Franklin ,its best time to GET OUT ! They hired a lot of people to meet city requirement for tax credit and... — read more
Getting word now. I personally know 5 IT people who just had their "meeting".
I've sadly come to realize that there's no future at Northwestern Mutual for me or anybody else who is working his or her behind off and trying to get ahead through their knowledge and expertise. No, with the management we have, unless you are... — read more
more lay-offs ahead and more non-koolaid drinking leaders will get thrown out and guess who is behind it all again — read more
If you're fed up with the place and you've been there a while, it's hard to know what you should do as you look for and eventually move to a new and better place to work. Now that March 15 is almost here, there will be a flood of people leaving or... — read more
NM is a joke in Milwaukee. No one in their right mind would go to work there anymore. They pretend to be an investment co. but they can't get their act together. All of the flowery language about 'planning' is old news. The idea isn't new & their... — read more
the place is crumbling and local media outlets have been reaching out to many current and former employees about what is happening internaly. a friend told me some body he knows was contacted by a WSJ guy about nml and it switching to all nyc... — read more
Over 1,400 employees have been shown the door due to mismanagement by John Schlifske. NM is a joke in Milwaukee. They clearly lost focus the they are an INSURANCE COMPANY! Not the bright new shiny object in the room. Talk to one of the so-called... — read more
Years ago it was a highly desired place to work. Not anymore. I was a manager at NM many years ago. When a performance issue on my team needed resolution (i.e. firing) I had to jump through hoops. At that time all employee firings needed the company... — read more
The company wants to maintain "expense discipline" yet Emilia and her NY a-Holes ran up the staffing and now have to eat a sh-- sandwich. NMLers -get ready...numbers look like 300+ people layoff in Q1 to make up a $70M problem Emilia created....and... — read more
CM was key in the learnvest aquisition with tim schafer. NM bought LV for $350M. the story has changed many times since then but no matter how anybody looks at it its a total failure. and nm continues to throw hundreds of milllions dollars of policy... — read more
If you were laid off last year, or like a few of my friends this year, then you need to contact the Wisconsin Department of Workforce Development. There are benefits available to help you through the TAA (Trade Adjustment Assistance) program. I know... — read more
I see Karl Gouverneur is at it again. When executives start talking about journeys, won’t happen overnight and it’s continuing, that can only mean one thing. They will continue to throw client/policyholder money at everything and wait to see what... — read more