Northwestern Mutual Layoffs

Topics regarding layoffs at Northwestern Mutual

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 

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Post ID: @12kJeyyF

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 

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Post ID: @11NLiMy9

Annual Layoff Time

Welcome to November at NM - annual layoff notices. Updates anyone?

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Post ID: @129oV15C

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 

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Post ID: @11WmwERr

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 

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Post ID: @11A195de

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 

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Post ID: @11qrheg4

Dividend Predictions

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

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Post ID: @11pVGgL8

NM- the agile view from “below”

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 

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Post ID: @111f2vQ4

Another NM Leadership Change

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 

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Post ID: @11eDh8DE

Laid off

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 

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| 2011 views | |
Post ID: @ZLfmglN

Northwestern NY Office new Joiner

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?

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Post ID: @ZkBR7Uq

C---roach infestation reported at the Franklin campus

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.

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Post ID: @ZE5XI4B

Schlifske’s problem

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 

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Post ID: @ZK9s4cA

No future at Northwestern Mutual

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 

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| 2163 views | |
Post ID: @YgKZL2K

NY office not going away?

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 

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Post ID: @YCSZPjU

Age discrimination at Northwestern Mutual

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 

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Post ID: @QsLFFr1

Unprofessional and sad

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 

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Post ID: @XbdXKXO

Schlifske's going down

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 

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Post ID: @ZqsptY2

New layoffs today

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.

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Post ID: @ZjR1aLk

Massive Layoff in IT in pipeline

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 

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Post ID: @YA9mdSx

A new NY office?

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 

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Post ID: @ZiKU0cu

another week = another couple of senior leaders leave

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 

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Post ID: @XiknghH

NM is a joke in Milwaukee

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 

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Post ID: @XkI0cvk

What happened to NM Home Office?

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 

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Post ID: @WIQ7fQj

Incoming 2018 layoffs

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 

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Post ID: @R4sTWf6

The Expense Initiative - March 2017 Layoffs

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 

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Post ID: @PrgkD0h

You can get help after your NM layoff

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 

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Post ID: @Trp9ZuY

No-Win Scenario for Office Staff

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 

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Post ID: @SMgLSMv

Executives making decisions about layoffs are clueless

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 

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Post ID: @QFM0H8F

Flex staff layoffs

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 

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| 1477 views | |
Post ID: @QOZOiRH

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