This company is becoming a total joke. Horrible upper management. Nationwide has to be preparing for some sell off of their P/C side or buying another company. This can be the only answer for their behavior. How they are operating right now is laughable. Moral is in the toilet for everyone.
Yeah, they are doing a LOT of weird things. I’ve heard of share buybacks and I also know for a fact that some of the data centers (where the servers and Mainframes are stored) were sold, but then NW rented space back from them...
In Des Moines, they have two buildings, but they are both half empty and they are doing minimal work on one of them... I’m guessing it’s to move people out of the.m nicer building and either sell it or rent it out.
Also, the buildings are only empty because of the massive amount of layoffs that have occurred over the last 5 years.
I’d love to know what the real employee count is now... it was about 35k when I started years ago.
lol ya very obvious that they are doing some wonky c-ap. A couple of years ago they laid a bunch of people off, but then Nationwide Reality in California purchased some ridiculously expensive office space for upwards of $100 mil, and they keep doing this all over the country.
Also, real estate is considered a great investment and the people/companies who are the richest own real estate. Maybe they don’t find people to be a good RIO and are shifting their investment portfolio over to real estate, lol.
I just realized that I put “people” as “investments” and NWs “portfolio”... sounds about right for NW... chewing people up to spit them out.