Nationwide is expecting another sweeping round of lay-offs the week of September 14th. Due to pressures to cut costs and provide members with lower cost products. Though unfortunate, it’s said that those receiving notices will benefit from a temporary “enhanced” severance package.
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Wow, 17,500? When I first started at NW it was 33,000.
FYI, the layoffs are are small scale but have been going on for more than a year, pre-Covid. Some were just accelerated because of Covid.
Also, current headcount is around 18,500... not 25,000.
This is true that layoffs are happening in small scale to stay out of news cycles. Marketing lost people last week but only 25 or so people that I am aware of. They continue to make cuts in IT and claims as well.
This is very true. For months, anonymous people have been posting about mass layoffs coming and there hasn't been one news article. The layoffs have been so small and targeted probably dispursed among offices all over the country that there hasn't even been one news article. The last layoff that warranted a news article was the 250 layoffs and 300 furloughed in May.
I don't doubt layoffs are happening but you are right, not being specific about location and division just causes unnecessary paranoia and fear. People leave and get fired from large companies every day. It is not very newsworthy.
Hello. — Nationwide is a national company with four main offices, about 25,000 employees and lots of people working at home in many different states. If you know which departments will be affected, which business lines will be affected, which offices or states, etc, please say so. It makes no sense to post: “layoffs coming next week” for example, without a drill down to where and who. Specificity is key. Especially when 50-100 may be targeted. Thank you.
Real Estate, Security, Nationwide Financial Retirement and more in Claims.
Which area of claims?
Nationwide is on your side
Claims will be hit hard next week.
The furlough max is 6 months. If people aren’t returned they will be let go.
Private retirement plans processors all got cut
How much severance they are giving specially to someone who has less than 2 years of service?
Do you know which departments?