Thread regarding Northwestern Mutual layoffs

"Was involved in this round of layoffs. Was laid off 1/17 was T2/T/3. Was told it was expense management and was not given the option of looking for a new internal opportunity."

Then you weren't laid off, you were fired. Every "workforce reduction" employee is provided with the opportunity for an internal role. It's literally in the "workforce reduction" contract - which is provided to all employees part of the "program". Ask me how I know. I might actually have the contract on-hand...if you really want specifics.

While NM has MANY MANY MANY MANY faults - this post is BS. I literally know someone who was "walked out of the office" because they were told they needed to "quit" in order to qualify for severance. He still had the opportunity to apply internally. Another had 8 days before their termination date - and was still provided resources to apply internally to stay.

Stop lying. They have a ton of problems - but you lying is just stupid.

Was involved in this round of layoffs. Was laid off 1/17 was T2/T/3. Was told it was expense management and was not given the option of looking for a new internal opportunity.

lay off my di-k and ba--s hehe xD

How many were let go?

Still hoping SR joins the cut list so she can take WIT with her out the door.

You get a prorated aip for 2024

how does severance work for those being laid off in terms of prorated AIP?

Do they get their full bonus from the year prior (assuming they worked the full year) AND a prorated amount for 2024, or do they lose out on 2023 entirely?

@mgk+1qFDrAZX Yeah, they chose to keep the announcements of the lower people being let go to the teams they were a part of as opposed to the whole department.

There is a mention of a VP (AH) and an M4 but there’s no mention of other names or the number of people impacted.