I've never heard of such a drastic change. They say they only expect about 7%-10% to accept the package. Who are they trying to kid? The offers include roughly 1-2 years salary depending on time with the company plus whatever bonus you received last... — read more
Topics regarding layoffs at TIAA (TIAA-CREF)
https://www.pionline.com/money-management/tiaa-nuveen-expect-low-takeup-buyouts What other company does this now? No other than TIAA. Talk about a generous offer. Where do I sign up? Giving me money to quit. Gosh, you definitely don’t see Goldman... — read more
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.
It is only thirty employees, but the business had 3.2 billion in endowment assets under management! So why dissolve a profitable unit?
More layoffs to come in November (that's the rumor - we'll see what happens)
Several senior leaders in Advisory Seevices have been axed this week. I hear more leaders will be axed
Managers and directors getting the axe while we still are in a hiring freeze. Work is starting to pile up for the rest of us.
Why does a company have “Insurance” in it’s name but wipes out the whole Insurance dept? But there’s more to come, my departments been told we will be training the new “TIAA India” wing of the company this year
There you go: 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... — read more
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... — read more
I hear that the first round of RIFs starts in April. Any numbers? — read more
Look at the competitors, everyone is vocal.
Under the cover of team collaboration, TIAA is planning to let go thousands of employees. They are completely stopping Telecommuting (remote working employees). Asking them to relocate or leave. There are employees who have been working remotely for... — read more
Post on incompetent KB has been removed -why?
So, things are good and we should not complain for now. I am certain that we'll continue to do well.
Some other companies like New York Life (NYL) and others had layoffs. Jobs are being offshored. Not at TIAA, at least not to my knowledge.