Topics regarding layoffs at Northwestern Mutual

Topics regarding layoffs at Northwestern Mutual

End of 2024 layoffs

Is this true? Confirmed, our leadership has shared a net deduction of 4-7 percent of staff (employee/contractors) starting near the end of 2024. Less assets mean less support. Invest in the new areas outsource operations is what we are being... — read more 

Organizational Updates

So, Tech and CXD are back together under one division, as so many people here had posted was going to happen. DR being forced to retire isn't surprising to me. The engagement scores are the lowest ever and someone needs to be held accountable.

Contradictions

Roboadvisors are incapable and not good enough for clients, but a bot is perfectly ok to talk to our advisors and home office staff at the help desk. If the human connection is so important and means so much, why aren't you consistent JES?

ESD = Disarray

DG is the weakest leader NM has seen in their sudo IT space. His incompetence speaks to why CM was not able to obtain the CEO position, (include DV’s hire). Budgets have been slashed moral is at a low tied to eNPS but still finds money to fly his... — read more 

Convenience Store

The latest news is that in addition to Timmy's Bike Shop there will now be Christian's Convenience Store. I guess when insurance sales are declining, investments aren't performing, and you have no clue what you are doing as a leader, you open a... — read more 

Weekended

Absolutely devastated over the end of The Week-End. How else are we supposed to know that the SLT is filled with out-of-touch figureheads with little connection to what’s happening on the ground? Where else am I going to hear about the vineyard our... — read more 

SEC WhatsApp Crackdown

I don't recall getting hit with a fine like this from the SEC ever.... SEC WhatsApp Crackdown Hits 16 Advisors, Brokers Totaling $81M Northwestern Mutual racked up the top fine, with a combined $16.5 million fine for, among other things, sending... — read more 

Kickbacks

Any guesses how much pink pants and others are getting in the form of kickbacks from Virgin Pulse as we all supply every personal detail about our life and health with Well360 just to get a couple hundred bucks off our health insurance?

Preventing Pensions

Over the last few years as layoffs have started, I see again and again that most of these cuts are employees that are nearing (within 12 months or less) the 3-year pension vesting. Maybe it's solely because NM is horrible at planning its own... — read more 

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