Thread regarding TIAA (TIAA-CREF) layoffs

Is it true

Is the new office in TX open?

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Post ID: @OP+1sLaU4og

7 replies (most recent on top)

I interpreted it as sarcasm…

But dear god if someone truly believes that

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Post ID: @1pmz+1sLaU4og

Did someone from hr or internal communication write the last post. This place is a sinking ship.

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Post ID: @1rms+1sLaU4og

Don’t worry folks. There’s always an adjustment period and growing pains with new leadership. TIAA has been helping people get to and through retirement for over one hundred years! Our participants LOVE us! We have an unrivaled reputation of integrity and trust. If we have any issues right now it’s because our standards are so high that it’s hard to keep everyone happy at all times. But don’t worry. TIAA is rock solid and these changes are for the best.

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Post ID: @1cmr+1sLaU4og

For anyone not living in Denver, it’s no longer a quiet small city with affordable housing.
Too many people moved here and traffic is unbearable.

Google “Cost of Living vs Cost of Labor” and you’ll understand why Denver’s footprint will get small.

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Post ID: @1zja+1sLaU4og

@nyf+1sLaU4og one reason is the lease downtown has to be insanely high compared to spending billions on a new TX office. Ideally they would add back the space in the Broomfield office and move us all to the there or try and find a good price lease in DTC/Greenwood Village.

All I know is I am not moving to Texas and so many others refuse to as well. So if that is forced, they will lose a ton of talent that they won’t be able to replace the expertise of our antiquated technology.

That said the Charlotte office never closed in 20 years due to rain, snow, ice storms, tornados etc… I can’t speak on Denver but it hasn’t closed in my tenure here for weather either. Even mu---rs on the sidewalk and it’s still open. Frisco is more likely to close if a tornado breaks any of those glass windows like Houston was wrecked last week or so.

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Post ID: @1saq+1sLaU4og

What are the numbers looking like? Does TIAA even have close to the 2,000 they need?

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Post ID: @hsa+1sLaU4og

Wave 1 is less than 90 days from moving. Side note: why would we close or deprioritize Denver (not a hub anymore?) to focus on Frisco… Seems like they have severe weather (in CLT too) that frequently disrupts business. From a business continuity pov it seems questionable at best. Denver office doesn’t usually close due to weather fwiw.

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Post ID: @nyf+1sLaU4og

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