Thread regarding Nationwide (Insurance and Financial Services) layoffs

I hate knowing layoffs are coming

Just let us know who is affected so we can move on! This wait is unbearable.

by
| 1572 views | | 4 replies (last April 11, 2024) | Reply
Post ID: @OP+1qQqtiXT

4 replies (most recent on top)

Agree with the poster. The vagaries around this cosourcing subject have gone on long enough. Why tell us you are doing this if you’re not actually doing it and don’t even know what jobs will be affected? This is just creating unnecessary stress.

by
| | Reply
Post ID: @19vyl+1qQqtiXT

RE: @gsd+1qQqtiXT

You know, there is actually one thing we could do: unionize.

But of course the decades-long campaign to convince people that unions are bad for workers has been massively successful in this country. You'll find no shortage of people willing to stand on the heads of their peers to uphold the very system they themselves are trying so desperately to escape. As wages continue to stagnate and the average job gets more and more precarious it will only get more desperate. They're starting to treat every hire like it's November at Macy's. Try hard enough and maybe you'll be one they keep when the Christmas sales are over.

It's hard not to imagine that we're heading towards a future where the "gig economy" of Uber and Taskrabbit is just "the economy" and the only people who still have salaries, paid time off, and healthcare are the middle-management suits and their pals in the golden offices. Retirement will be a fantasy for most.

Imagine starting every morning looking at your phone to see which office nearby has some work available. You have to quickly guess how long a task will take you to complete so you can calculate if the flat $45 reward offered is worth the trip across town and wondering whether you'll get lucky and find an afternoon job nearby after you're finished. Half your day is just unpaid commuting from job to job. It's the freedom to work when you want and be your own boss, right? But don't forget you're also competing for the high dollar jobs against that guy with the five star rating who shows up early, leaves late, and always brings gum and bottled water to the management

And really that's only if the task can't be done by some other desperate schmuck on a laptop halfway around the world, happily doing it for $8/hr. No health care, no sick days, no idea what happens in a month when their contract ends, and they're worrying about when some other "co-sourced resource" will come around and do it for $7/hr. God help us all if GPT can figure it out...

Just like the boiling frog it seems most people aren't going to figure it out until its too late and the last crumbs of collective power that the workface had will have finally been disassembled. We need to stand together.

by
| | Reply
Post ID: @1sxb+1qQqtiXT

Truth is if you’re in claims or underwriting, you should have the resume updated and apply at a couple of places.

Reducing the book 40% means less claims. Tighter underwriting standards mean less new business.

There’s no way to know who will be affected, but it’s almost guaranteed people in claims and underwriting will be.

by
| | Reply
Post ID: @wpv+1qQqtiXT

There is no job security today anywhere. Whether people realize it or not, everyone works each day with an invisible axe hanging over their head.

There is nothing you can do about it, except have your resume ready, so try not to stress out too much about it. (Easier said than done, I know.)

by
| | Reply
Post ID: @gsd+1qQqtiXT

Post a reply

: