Topics regarding layoffs at Northwestern Mutual

Topics regarding layoffs at Northwestern Mutual

NM has no choice but to get leaner and meaner

NM manages to it's ability to pay policyholder dividends. And like it or not, Schlifske and his management team are earning high marks for their navigation of the company. I worked as a Director for NM for a few years. Fine company, but I was blown... — read more 

Nepotism over meritocracy

The moment nepotism overshadowed meritocracy was the moment NM started to sink. When experienced, knowledgeable people who work hard see those whose greatest talent is brown-nosing get ahead instead of them, they take their experience and knowledge... — read more 

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Don Robertson's Wrecking NM! Merit 1%

Don Robertson has brought up in employee town halls and other forums that Northwestern Mutual pay's for performance. What employees have seen is nothing farther from the truth regarding their merit which will average ~1-2 percent this year. What we... — read more 

New CEO

There have been rumors that a CEO transition is in the works. Probably C mitchel or Aditi.

Where did it go wrong?

I resigned because this company is not even close to the one I started working for. The atmosphere is horrible, there is a huge lack of respect, the least valued are good and loyal employees, long-term plans for this company are behind smoke and... — read more 

Return to Campus or be Laid Off

Don Robertson has just released a new policy that you must be return to in campus by January 2022. What we are hearing from friends that work there is if you do not return your career and job will be on the line and it will be a 5 day a week pre... — read more 

NM is a place dreams go to die

People will publicly take credit for your work. If you work hard and aren't part of whatever "club", just know that someone else will pass off your work as their own. I actually think this is the worst I have ever seen this behavior at NM although... — read more 

Charade of flexibility is over

Below article says it all - leadership never really wanted to support flexibility and they're ready to start making a push for people to come back. So much for the talk of flexibility and a modern culture - would have been nice to skip the pretending... — read more 

CEO mandatory retirement age

Schlifske is trying to change the mandatory retirement age for the CEO so he can stay on longer. Please someone stop him! He ruined NM. Lets try to get a quality leader to replace him. He is not fit to lead NM.

They don't know how to deal with slackers?

Management doesn't know how to deal with slackers. So they let them sit with their cell phones, watch videos on their computers, and romp around singing and dancing. The work has to get done. That is where you come in. They shove the work on the hard... — read more 

I don’t want to be promoted anymore

When I saw which employees are being promoted, I gave up on wanting to be promoted here. I tried to bring new values and I worked very hard and I still haven’t been promoted. Now things are a little clearer to me and it would even embarrass me to... — read more 

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Hard work is the least appreciated

What I got as a hard worker is just more work. I don't envy people who are relaxed and stress-free here, everyone deserves such working conditions, but isn't it unfair that work is so assigned that someone is overwhelmed with work while someone else... — read more 

Home office employees continue to lose benefits

NM executives praised the financial records broken in 2020. Yet this company continues to take away employee benefits and disrespect home office employees. If the company is doing so well, why was it necessary to take away the 401K match?

Sexism in Tech @ NM

Post and subsequent chat posts removed. We all know how & why that is being done. Once again proves that these sites are fairly useless.

Lost in direction or lost cause?

At first I thought that this company only lost direction for a while, but now I see that this is almost a lost cause. I understand that running a company is not as simple as it seems from a worker’s perspective, but some business moves shock me quite... — read more 

Would you recommend the company?

I have a friend who asked if we were hiring because he was recently laid off. He has a family and while he is not the sole provider - he was the main source of income. While he has the experience and knowledge to be employed here, I just don’t know... — read more 

Another waste of money

Why the hell would NM spend $166 million when employee benefits have been reduced? We are in an economic crisis and the company has found a way to yet again waste resources when it should be used to invest in their... — read more 

NYC hot tub?

Got a peek at the new New York office plans and apparently they're thinking about installing a hot tub? Our pensions are getting slashed and these startup kids need the 'necessities' just to do their 'job'? This company used to be somewhere you... — read more 

More Layoffs coming March 2021

After NM determines early retirees , another round of employees to be let go. Reductions of 10 % across all departments. If your age 40 to 55 and cant take early retirement BE PREPARED!

More LAYOFFS 2021

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!!

Fire Schlifske

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 

More layoffs 2020

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 

What is Northstar?

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.

So long Karl

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 

Dividend Deathspiral

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 

Should have kept LV

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 

John E. Schlifske salary $13,000,000 a year. JOKE

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 

Culture Change

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 

Forced Retirement

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 

Dividend Predictions

Soon NM will be publicizing their dividend for the year. Guesses on how low it will be?

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