Thread regarding Nationwide (Insurance and Financial Services) layoffs

Nationwide has been doing shadow layoffs for years

I worked at Nationwide for nearly two decades, and know they've been doing shadow layoffs for years. Terminations thinly disguised as performance concerns that don't stand up to scrutiny. A refusal to replace FTEs who leave voluntarily. A preference to use contractors, interns, and H1B (ie, indentured) labor. The atmosphere turned overtly toxic after Jurgenson left -- which roughly coincides with the buyback of publicly traded NF shares -- but who knows... maybe it was there all along, just better hidden.

Reposted from @YG8uZY6-13gkz.

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Post ID: @ZKmISlM

3 replies (most recent on top)

This is exactly what happened to me (and a few others in my organization) a few years back. I didn't feel comfortable applying for other internal jobs because of the terrible rating I received. It should be noted that until that time I always received very high numbers, raises, and positive feedback until about 6 months before my termination.

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Post ID: @ZKmISlM-1thia

Your detailed account of performance evaluations is uncannily similar to what I witnessed. It's a very office-political organization, where subjectivity rules the roost.

One of the more insidious aspects of Nationwide's leadership culture is using employees' fear of impending job loss to get teammates to point fingers and throw each other under the bus. Their continued practice of "lifeboat rankings"* encourages associates to not perform their best, but instead politic their way from the lowest rung... by focusing on managing perceptions instead of performance. One need not outrun the bear, but outrun (or worse, trip) the person perceived as slowest.

(*why would a healthy company even use that concept? "Lifeboat" invokes nothing but dire situations, and the notion there's too many people to fit suggests a lack of visionary leadership and staff planning.)

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Post ID: @ZKmISlM-1ougi

I was at NW for 5-6 years and have only been gone a year... I know that this has been going on and it think many of us knew... I know for a fact that there wasn’t a single person I came in contact with over the years that wasn’t afraid of losing their job, which speaks volumes.

They’ll also treat you terribly so you’ll quit vs paying you unemployment. I got 3-4 promotions in a little over a year and actually ended up getting “4s” on my reviews (which I worked hard for and seemed impossible), then after moving to another department they dropped me to 3, and then 2... but I was doing good work and then my work just started getting taken away. With a 2, you can’t move anywhere else in NW... so they pigeon hole you into this spot and make life a living hell.

These are just some of the many ways they fire people or get them to quit, don’t replace them, and continue to weigh down their workforce.

It’s sad really... I’ve seen a lot of hard working people passionate about the work they do become subject to the NW way of acquiring, assimilating, eliminating, etc... and the cycle just keeps going.

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Post ID: @ZKmISlM-Wgrp

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