Thread regarding New York Life Insurance Company layoffs

Second look sweep coming for early 2021

We were told in department town hall yesterday that another "second look sweep" of all departments and areas will be done after the dust settles in early 2021. This may result in "hundreds" of additional cuts/layoffs. But more important this is where the new efficiency leaders will begin their work of restructurinokg most areas and where re-alignment and restructuring if personnel into different and re-tooled roles will happen heavily.

While this may result in some additional layoffs the numbers at least initially look to be small but the uncertainty, anxiety, and willingness to change and live into Transformative Growth may just be another adventure to get employees all mentally stressed and worked up in the new year.

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Post ID: @OP+17FYYfd9

3 replies (most recent on top)

"If", remains highly questionable key word.

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Post ID: @1Acys+17FYYfd9

The term "needs" is highly subjective. Do they? One has to question the motives of a mutual insurance company who's record earnings are not in question. Or, are they simply talking the quickest and easiest approach to reduce operational expenses, as opposed to revaluating and improving their strategic operating pathways?

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Post ID: @xbxu+17FYYfd9

If the company needs to cut more, they should!

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Post ID: @vjz+17FYYfd9

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