Thread regarding Northwestern Mutual layoffs

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 Partners out the door.

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Post ID: @OP+11WmwERr

13 replies (most recent on top)

The board needs to replace Schlifske. He ruined NM. There is no confidence in his leadership. Very top heavy organization that does nothing but push papers and organize meetings. NM needs to outsource some leadership just like they did with regular staff.

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Post ID: @32zbl+11WmwERr

They recently announced a restructuring of the packages if they are given in 2020, but they will still be given. The packages in 2020 rework the formula so that longevity is rewarded more.

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Post ID: @Qjsv+11WmwERr

The local media will NOT report on the disaster NM has become. NM writes the articles and gives them to the Milwaukee Journal to print. That's the way journalism works in Milwaukee these days.

They aren't lay-off's. It's a RIF (reduction-in-force) so they can hire new, younger, cheaper, less experienced workers or more tech savvy if you want to believe NM leadership.

These RIF's actually started about 4 years ago when they let the mutual fund accounting department go. They were more entry level and younger employee's which masked the ageism that followed.

I have heard that they stopped giving 'packages' to employees they terminated. Can anyone confirm this?

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Post ID: @Prpg+11WmwERr

This bickering between employees is a clear sign there’s a bad work environment at NM. Everyone should start directing the frustration toward the mrons who caused the issues at NM. Schlifske and the board. The one fact getting lost in the conversation, is that several people lost their jobs and medical insurance due to the stupidity of Schlifkse and the board. I know people who were laid off this year, some took early retirement, three years after the initial layoffs. What the hll is going on at NM? People should be writing letters to the local media asking for coverage of this story.

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Post ID: @Oimv+11WmwERr

Keeping LearnVest was never a sustainable approach. Frankly I’m not sure why NM bought LearnVest. The only reason LearnVest started and stayed around was primarily due to money from outside investing.

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Post ID: @Mwfy+11WmwERr

The comments in this thread are a great representation of why NM and LV are BOTH trash. The sides never united. Instead they stood there beating their chests saying one is better than the other. The only cause for this is poor leadership who allowed it to happen. Both sides are trash and neither side has anything to brag about. Sad to see what happened to the once great NM.

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Post ID: @Eimk+11WmwERr

@11WmwERr-2fdg Considering the number of NY leaders terminated (“leaving”), there is not much to worry about. Now, we need to get back to fixing your “cloud native” application that just caused another P1. LOL.

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Post ID: @2ymk+11WmwERr

A lot of cheeseheads jealous of the New York team, most of which can run circles around the deadweight that plagues the home office. Schlifske and Christian Mitchell recognize the talent level malaise in Milwaukee. And hence why you will continue to see members of the NY team ascend the ladder while leadership also doubles down on hiring from the outside.

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Post ID: @2fdg+11WmwERr

Go sell some whole life to some chump. You won’t be able to for much longer.

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Post ID: @cxp+11WmwERr

'Theranos of fintech'

Best. Comment. Ever.

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Post ID: @qhv+11WmwERr

Did LV ever make a dime at any point in it's history? I don't think so. Its hard to tell what is the bigger pile of trash: LV or it's employees. All NM got from that ordeal was a $250M write-off and a bunch of whiny and ungrateful NYC snob millennials.

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Post ID: @jah+11WmwERr

Lv, the theranos of fintech

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Post ID: @rlg+11WmwERr

LOL. Managing Parters busy paying your salary. Instead of getting paid $250M for a planning tool that turns out to be a spreadsheet.

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Post ID: @nli+11WmwERr

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