Thread regarding TIAA (TIAA-CREF) layoffs

New leadership ruined this company

A few years ago, TIAA was strongly promoting working from home to to save on office expenses in New York, Charlotte and Denver. I moved cross country to be closer to my family as my Mom was ill. So from the West coast, I worked East Coast time (6:30am to 4pm PT) definitely no time for a second job, but I really appreciated TIAA's flexibility in giving me the opportunity to be closer to the family. And I loved working at TIAA, the customer was always the main focus of everything we did, but that changed as the old leadership was forced out and new leadership came in to make their mark and pad their compensation. By the way, the CEO of TIAA (a not-for-profit company) made over $13 million dollars in 2017.

I was give the choice of moving to Charlotte or taking a severance package with 3 weeks to decide. I certainly wasn't happy but will always remember the people and the mission of what used to be TIAA-CREF.

Couldn't agree more, @XDxsjge-1ehrg. This was a different company under old leadership. Everything is so much worse now.

by
| 3808 views | | 6 replies (last )
Post ID: @OP+YRZJDAE

6 replies (most recent on top)

TIAA used to be a great company but has been ruined by new executives. The decision to create the India Offices so that they could soften the word "outsource" only resulted in more work for US employees and the people in the India office and TIAA Bank are duplicitous. It's a mess.

Executives are totally out of touch with employee needs and unrealistic about what condition things are in. The condition of the company is a reflection of how little they understand TIAA and mistreat the people who do understand it. Passive execs who don't like to be direct but oblivious to how the encourage the chaos and people working against each other. They lose so much money on waste. More short term 'want it now' instead of long-term preparation. Masters of setting their employees up to fail. They are turning Andrew Carnegie into a joke.

by
|
Post ID: @51mwx+YRZJDAE

This used to be an excellent company until some financial ‘wizard’ ceo destroyed it a few years back. Workers were looked after. No more. Now it’s about profit, saving money. Cutting jobs, sending work to India. Horrible.

by
|
Post ID: @2ibup+YRZJDAE

They'll ship work to India. I hope folks don't mind their PII being in their hands. I moved my retirement $$ out of there as soon as I left. I suggest those who leave do the same.

by
|
Post ID: @1vhti+YRZJDAE

The client is no longer the focal point of the business. Everything is about putting money in the ceo and other execs pockets. The client has become a mere afterthought. Client satisfaction and employee moral continues to drop while the executive fatten their pockets.

by
|
Post ID: @tezo+YRZJDAE

Beyond sad. They are going to loose a lot of talent that they will not be able to duplicate.

by
|
Post ID: @bmkq+YRZJDAE

Post a reply

: