Thread regarding Northwestern Mutual layoffs

NM should take notice of recent bank failures

Successful businesses have one thing in common, a pure concentration on their core business and processes. Companies that spend a lot of time deciding on what towers to build, furniture to buy, or societal problems outside their core business usually fail.

by
| 5451 views | | 34 replies (last April 19, 2023) | Reply
Post ID: @OP+1lFZdEud

34 replies (most recent on top)

how about that racist 'keynote speaker' and asinine victim-hood celebration to kick off revel in tech this morning?

by
| | Reply
Post ID: @ybfi+1lFZdEud

The "diversity, inclusion, equity" movement is divisive in nature. Those groups, especially in the office setting, push certain agendas and are not inclusive towards people with diverse viewpoints or belief systems. Differing lifestyles can be tolerated when not forced upon people; though trying to force acceptance has a completely different result.

by
| | Reply
Post ID: @vrdv+1lFZdEud

simply tired of wasting my time interviewing candidate after candidate that is unqualified that hr forces on open req's. total waste of shareholder resources.

by
| | Reply
Post ID: @tomw+1lFZdEud

The goal is: 70% of the panels need to have at least one non-white male.

And what do you expect? For a white male leader to rogue and say he’s not following company diversity goals? This is above his pay grade and you know it.

Whether we like it or not, this is a societal trend and everyone has to fake smile and play the ally game. Unless you’re going to stand up publicly and put your paycheck at risk, you shouldn’t be throwing stones.

by
| | Reply
Post ID: @txgv+1lFZdEud

while still shocked our new CTO wasn't some combination of alphabet, color and non CIS male, he informed his org today that all candidate panels must now be 70% non-white. ah yes, the focus on quality over identity is clear.

by
| | Reply
Post ID: @tcjx+1lFZdEud

@ btow+1lFZdEud you asked what makes someone fit for SLT role? Loyalty to JES above everything else- mediocrity is tolerated (even celebrated) as long as you are loyal. Look around the SLT and you will notice the pattern. Oh, can’t forget the church connection either

by
| | Reply
Post ID: @rvgr+1lFZdEud

Interesting that the company wants to increase the number of women. In 2016-18, 75% of the people who were displaced were women!

by
| | Reply
Post ID: @moij+1lFZdEud

This is the most divisive and misguided the company has ever been. JES's obsession with race and gender is destroying this once great company. He needs to go immediately. Race and gender quotas being placed above qualifications is wrong and illegal.

by
| | Reply
Post ID: @llcr+1lFZdEud

In the CXD town hall, they just posted that we have to increase POC and women by 1% in a time where hiring is going to slow down. Glad to see where our priorities are in an economic downturn. Gotta make sure our POC and women get charity leadership roles.

by
| | Reply
Post ID: @lwev+1lFZdEud

Berkshire Hathaway is one of the most successful companies in the world. Why? They focus on results and not diversity. Instead of diversity, the criteria for employees includes “business savvy,” “high integrity” and a “deep genuine interest in Berkshire.”

by
| | Reply
Post ID: @jqjc+1lFZdEud

DEI is actually more nefarious than just racism. DEI represents all the ugly ideas of the 19th and 20th century in new, shiny packaging. The terrifying notion of equity has somehow snuck back into our society, and it even comes with a reductive world-view that is interpreted through the singular lens of disenfranchisement (just like Marxists!). But don't worry, the ends justify the mean; the people losing out are the ones who have historically always had everything and now it's someone else's turn. Does this pseudo-compassionate narrative sound familiar?

The road to hades is paved with good intentions, and the race- and class-based villain story that only straightens itself out once some OTHER people get their share of power is a fool's errand and a playbook we've already seen countless times. You only have to look at our senior leaders (including our black and brown SLT members) who will impose standards of equity on everyone but themselves. "Of course it's important to help the disenfranchised, but I would never dream of giving up my position to someone with less privilege. I need to lead the revolution!"

by
| | Reply
Post ID: @gzws+1lFZdEud

So much cash is being wasted on diversity at this company. I'll take my 401k match back and keep things the way they were before.

by
| | Reply
Post ID: @gbwi+1lFZdEud

@eank+1lFZdEud, could you be more specific when you say "her kind?" I'm not sure what you mean. This is a safe space, you don't have to beat around the bush with us! Just go ahead and spell it out.

by
| | Reply
Post ID: @fycy+1lFZdEud

correct. and for the 2nd year in a row a goal placed on all ppl managers.

by
| | Reply
Post ID: @ftrp+1lFZdEud

My manager has told me for the past two years we have a goal to increase our overall percentage of women and POC. And that’s separate from diverse slating. That’s definitely a quota.

by
| | Reply
Post ID: @fjdy+1lFZdEud

Are you really that dense? diverse candidate slates = quotas

by
| | Reply
Post ID: @epof+1lFZdEud

Speaking of uneducated and uninformed...there are no hiring quotas, period.

There ARE goals for qualified diverse candidate slates. Ultimately the best candidate gets hired, and it still more often than not is a white male that gets the offer.

by
| | Reply
Post ID: @eqzx+1lFZdEud

UC was also satisfying their quota and KWK was the lucky recipient. It was obvious in the last town hall that she has nothing to contribute and is merely along for the ride. The larger issue is more systemic. Orgs like NM and UC give her kind everything to appease them so they don't riot and burn down the city. I doubt KWK has had to work and earn anything in her life. One handout after another.

by
| | Reply
Post ID: @eank+1lFZdEud

She has an MBA from UC, no offense but that’s worth far more intellectually than getting a bachelors from whitewater. Before she has even taken her role, the peanut gallery seems her unqualified, seems like a lot of scared old dudes who know they might be found out as lacking in any real skills built for the new era of business.

by
| | Reply
Post ID: @eiqm+1lFZdEud

There is a 25% quota for all open positions. NML needs to do the right thing and end this illegal practice.

by
| | Reply
Post ID: @eckh+1lFZdEud

We don’t have diversity hiring quotas.

by
| | Reply
Post ID: @duwk+1lFZdEud

@ctfu+1lFZdEud If the EEOC did not require the name of the person filing the charge to be disclosed, I'm sure there would be a ton of complaints filed.

by
| | Reply
Post ID: @dpko+1lFZdEud

There is a very serious concern when DEI goals are being placed above business performance goals. That is an obvious sign of failed leadership and misguided priorities.

I would also question the legalities of the hiring practices at NML. Setting diversity quotas is illegal folks. You cannot reopen the candidate pool when you have capable and qualified candidates that applied just because you don't like their appearance or it doesn't satisfy your quota. Promoting reverse discrimination will not solve the problem of discrimination. Encourage your hiring managers to report any illegal activity such as hiring with diversity requirements and quotas to the EEOC.

by
| | Reply
Post ID: @ctfu+1lFZdEud

She clearly has everything on paper and probably is good, but the spectre of D&I will forever follow any POC or female these days. The call is "we need more diversity" not "we need qualified leaders above all else." All of our top company goals are around how many diverse people we hire and have nothing to do with how good the hires are or how rigorous our screening process is.

That's called "having your cake and eating it too." You can't make diversity your most visible priority and then get mad when people think she was hired because of that.

Either way, I'm sure KWK is sleeping rather peacefully at night on her bags of money. She doesn't need you to stick up for her.

by
| | Reply
Post ID: @bvox+1lFZdEud

What makes someone fit, qualified, and deserving of an SLT assignment, @7sjj+1lFZdEud? Did she need to spend more time at the company? Or do one more rotation in some other part of the business? Or get an MBA from a better school? Or be on more boards or volunteer more or develop one more risk product? Or is it that other thing?

by
| | Reply
Post ID: @btow+1lFZdEud

i'm a big fan of the black power fist poster image for whatever this 'bold' nonsense is that constantly spams slack channels.

by
| | Reply
Post ID: @8htt+1lFZdEud

WaMu was more concerned with DEI and that ultimately led to their collapse. NM is going down that very same path. KWK's appointment to SLT is a great example. Unfit, unqualified, and undeserving. Let's see how long it takes before this implodes.

by
| | Reply
Post ID: @7sjj+1lFZdEud

Right....because WaMu's failure was because they were focusing on "what towers to build, furniture to buy, or societal problems outside their core business".

Had nothing at all to do with the sub prime mortgage crisis

by
| | Reply
Post ID: @7xns+1lFZdEud

Washington Mutual for starters.

by
| | Reply
Post ID: @7fqr+1lFZdEud

"Companies that spend a lot of time deciding on what towers to build, furniture to buy, or societal problems outside their core business usually fail."

Example please

by
| | Reply
Post ID: @6ljo+1lFZdEud

@3jsz+1lFZdEud He's retiring next year.

by
| | Reply
Post ID: @3ebe+1lFZdEud

When is JS forced to retire? He is one of the worse leaders in history of NM. Just dragging the company down. How many CEO would last with such incompetence?

by
| | Reply
Post ID: @3jsz+1lFZdEud

Armchair CEOs have enough brains not to lose $500M on a childish startup just because it was founded by a woman and then turn around and blow another $500M on a building to appease an indigent mayor. They also hire people who are actually qualified and don't just satisfy quotas. #BringBackZoreIn2024

by
| | Reply
Post ID: @stm+1lFZdEud

Successful businesses also have one thing in common: they don’t take strategic direction from armchair CEOs that haven’t got past middle management or being an individual contributor. But thanks for relating the insight you gained from reading a few articles!

by
| | Reply
Post ID: @meh+1lFZdEud

Post a reply

: