Thread regarding Northwestern Mutual layoffs

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 now they are letting go a lot of ppl ,prep your resume and get out

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Post ID: @YA9mdSx

7 replies (most recent on top)

Schlifske is running the company into the ground. It used to be a good place to work. Not anymore, they brought the ny people in and they took over and steam rolled schliske. Worst CEO ever at NM. Not surprising, morally corrupt CEO, check out his background, family situation. Why would you trust your investments to what is basically a used car salesman? Financial reps dont have financial expertise. They sell snake oil.

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Post ID: @YA9mdSx-Kddl

The company did move several employees downtown from Franklin when the new building opened. The executives of NM continue to struggle with how to run this company and the board is clueless. Executives have failed to innovate NM’s product line in the areas that actually generate revenue for the company. I see a lot of NM tech talk on LinkedIn as if NM is competing with Google, Microsoft, or Apple.

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Post ID: @YA9mdSx-7rnq

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 your head in the sand to think they’re going away. You’d also have to be insane to leave before getting your package, which I hear is a sweetheart deal.

Can you please stop polluting these boards with inaccurate info and bad advice.

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Post ID: @YA9mdSx-2ldv

no according to people in controllers they are sick of paying for a ny office that continues to do nothing for the company. nothing they have done has worked. and the rumor now is that the next planning tool release will be eliminated before it is every rolled out. apparently expenses are out of control including stupid amounts of travel expenses from ny based leaders traveling to mke all the time. also more cuts are on the way but this time in hr.

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Post ID: @YA9mdSx-1xjq

why would any body get out before the package? plus all they need to do is move people from franklin to downtown to qualify for the tax credit.

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Post ID: @YA9mdSx-1ete

Why are you posting a video of a person with a disability? Did NML Management give you the ok to humiliate people with cognitive disabilities while you're squashing online discussion? Are you an NML employee or a contracted online troll? I don't think the person who tasked you to do this and HR will be pleased with your actions.

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Post ID: @YA9mdSx-1jkq

Thanks for the update. Frankie!! https://www.youtube.com/watch?v=zVKIZTx_gB8

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Post ID: @YA9mdSx-met

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