Thread regarding Northwestern Mutual layoffs

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 executives and ask them about LearnVest and they come up with some talking point, but look very scared. Everyone knows they made a huge mistake!

Meet with one of their "Financial Representatives" and be prepared to be underwhelmed by a millennial who still lives at home because he is on full commission. It is funny because you are talking about your future and they are talking about what mom made for dinner last night. Totally unprofessional and sad!

Bumped from @WamahoL-11cwt for being on point.

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Post ID: @XbdXKXO

6 replies (most recent on top)

The technology of the back office is way behind the times, but the company had always taken a mindful approach to technical advancement and how they spent policy owners money. Remember - this is a mutual company, not a stock company. When Schlifske gave the reins to LV leadership, I don't think they understood the highly integrated and dependent nature of the systems, nor did they understand the significance of the regulatory constraints NM operates under, evidenced by the CSO project being a lower priority than our web presence and putting our ability to sell products at risk. By letting go so many people over the last 4-5 years, they have lost so much experience and wisdom. But why wouldn't anyone speak up and tell the leaders of these things? Simple - they were and are now afraid for their jobs. The culture is turning into a bunch of "yes" people who are only looking out for themselves and who are willing to throw anyone under the bus to save themselves.

And since this original post, several executive female leaders have "left" the company. NM is frighteningly good about managing the media.

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Post ID: @XbdXKXO-2yqjp

Saying that the technology is light years behind is a very broad statement. What specific technology is needed to meet the needs of the business? NM doesn’t need a Cray super computer. There’re always many technology options to solve issues, create value, and sometimes to save money (hopefully). The latest and greatest in programming languages or technology doesn’t always equal value to the business or clients.

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Post ID: @XbdXKXO-sfsr

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 technology is light years behind . LearnVest didn't help one bit. They are the primary reason why costs had to be cut at NM. Strategic Expense Management was about letting people go who are older to save on salaries & benefits so they could pay younger New York LearnVest employees. The new NM Tower was supposed to attract young millennial's to Milwaukee as a technology hub. But, NM hires people in New York who wouldn't think of moving to Milwaukee. They just want the massive frequent flyer miles & expense accounts.

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Post ID: @XbdXKXO-9gaw

@XbdXKXO-4xaz You’re an id--t.

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Post ID: @XbdXKXO-5sav

Clueless middle manager who thinks he knows what’s right for the strategic direction of the company complains about clueless millennial that thinks he knows what’s right for his older clients.

The irony is too good.

Don’t let the door hit you on the way out. I hear Foxconn is hiring.

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Post ID: @XbdXKXO-4xaz

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