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
Topics regarding layoffs at Northwestern Mutual
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.
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?
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
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.
Getting word now. I personally know 5 IT people who just had their "meeting".
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
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
There is definitely some age discrimination going on here. Eighty five percent of the LearnVest employees are in their 20s and 30s, and none were let go. Yet the layoffs continue at NM. Some people are reporting that about 1,400 people have been laid... read more
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
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
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
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
more lay-offs ahead and more non-koolaid drinking leaders will get thrown out and guess who is behind it all again
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
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
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
I've heard rumors that around 1000 people will be let go in 2018. If that rumor turns out to be true, I'm guessing the employees listed as IO Flex Staff will be laid off. Do we have any more info on this? I've heard something similar in the office... read more
It's disappointing that the CEO and executives don't take personal accountability for this mess. Low interest rates have been the norm since 2008/2009 but apparently the executive team has been asleep at the wheel. It’s more likely that the company... read more
As covered in the Bus Journal back in Jan... Source Below: Schlifske referred to his announcement in September 2016 that NM was eliminating 100 jobs by the end of 2016 and planned to cut hundreds more in 2017. The “expense initiative” is necessary... 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 feel like the current union negotiations are a no-win scenario for office staff. Since the layoffs were first announced in September, 2016, everyone in this department who started afterwards was LTT, and then eventually all Manpower. Now the... read more
The executives making the decisions about these layoffs are clueless. They get rid of very talented people who know the business and the systems, and then wonder why there’s a system outage daily. When they need an expert to fix an issue, someone... read more
I recently saw the layoff printout from the November layoffs and saw an odd division name called IO Flex Staff under the Infrastructure & Ops department. Does anyone know what that means and why some many people would be under that division? Normally... read more