This is pure insanity. New York Life was breaking sales record year after year. What was so wrong that they have drastically clean house? So many loyal Lifer's were absolutely devastated. CEO Ted Matthas, just like any other ivy league trained lemmings only knows how to follow the current mindless management trend from his ivory tower buddies. Even sadder is NYL is a mutual company. They don't face the same stupid pressure publicly traded company on a quarterly basis. The company use to have integrity, not any more. Potential policy buyers should consider alternative life insurance companies.
2 replies (most recent on top)
And in 2025
Layoff are still going on in 2017.