Thread regarding Northwestern Mutual layoffs

Half of the Senior Directors and Vice Presidents at NM are incompetent. Anyone else have a similar experience?

Classic NM situation involving a former (failed) lawyer leading a department without a clear understanding of its operations. Despite emphasizing office presence during our weekly huddles, this leader only shows up 6 times per month (if that). Suggestions to “improve” our workflow or department dynamic are often irrelevant, relying heavily on an ineffective and also incompetent management team. The lower-ranked employees are the ones holding the department together. But what do we know!

The dynamic feels like the blind leading the blind. It feels like a cult. I often wonder if SLT will recognize this situation and initiate a much-needed overhaul.

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| 1982 views | | 10 replies (last February 29, 2024) | Reply
Post ID: @OP+1rbggh7A

10 replies (most recent on top)

I never had a problem with BB...he at least was a straight sho-ter, and valued longevity/experience. DG...he's oblivious. He speaks all the right words. Projects the right attitude. But, he's completely full of sh-t, and has no idea how NM has actually operated for a couple dozen decades. He'll be gone in a year or two because he has no idea of what really happens in the systems world, and NM is (hopefully) going to revert to being an actual mutual company focused on long-term value versus quarterly numbers.

SLT needs to stop with the KPI-driven-decisions (which are not "key" and are horribly targeted) and chasing their incentive pay bonuses. NM was what it was because it didn't care about quarterly or annual KPIs. Today doesn't mean anything - next week doesn't mean anything - a decade from now doesn't mean anything - decisions must be made in a mutual-context, and be focused on the multi-decade-long commitment the company makes to policyowners.

If they continue down the path of knee-jerk quarterly (or even annually) compiled numbers, the company will start to collapse in a decade, maybe more. These leaders needs to be removed. TG needs to clean house of the Learnvest holdouts, and needs to re-instill the concept of longevity over short-term targeting of financial bonuses. I give NM 18-24 months before consumer confidence REALLY starts to falter after replacing hundreds of years of experience with $20/hr replacements.

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Post ID: @8iar+1rbggh7A

sure. bring back the offshore follies. that worked before. until it didn’t. we’ll be loaded with JavaScript developers and nobody that knows how to make the software that makes nm money work.

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Post ID: @2bdg+1rbggh7A

Any hint about which department is referred here?

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Post ID: @2eel+1rbggh7A

soon it won't matter as DG is hellbent on moving everything back offshore. It's like BB is back.

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Post ID: @1oji+1rbggh7A

The whole "successful is a good rating" thing really needs to stop.

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Post ID: @1gfm+1rbggh7A

SLT is “surprised” by our consistently low engagement survey scores, seemingly oblivious to the fact that no number of team happy hours can rectify this dysfunctional situation.

Add to this lovely mix the lack of merit increases and the inability to attain a highly successful rating no matter what you do (thanks to our lovely company politics). But WAIT, lets spend 500 million dollars on renovating a 30 year old tower without any valid reason.

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Post ID: @1jpz+1rbggh7A

are you me? mine couldn't do my job, but i'm pretty sure i could do theirs if given the opportunity. ruin morale and implement unhelpful changes? piece of cake

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Post ID: @1ztp+1rbggh7A

You are first realizing NM is a cult. It's been known for years as the 'Stepford Wives'.

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Post ID: @qxs+1rbggh7A

This classic nm story makes sense to literally no one. Please give more detail.

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Post ID: @acq+1rbggh7A

1/2? More like 3/4

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Post ID: @uqz+1rbggh7A

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