Topics regarding layoffs at TIAA (TIAA-CREF)

Topics regarding layoffs at TIAA (TIAA-CREF)

Transferring internally to a different team

Has anyone done this? Or know anyone that has transferred to a different team? Looking to pivot to a different role within the company, but a bit hesitant about doing so. Not sure if this would put a target in my back when the next round of layoffs... — read more 

Fidelity, Voya, and Empower Taking Over

More client losses and job cuts for TIAA. The only thing go for us is the TIAA Traditonal restriction. If there were no surrenders or timing restrictions on that fund, our ratings would tank in a NYC minute.

Engagement Survey Results

Look at that - “recognition” and “pay and performance” dropped 7 points - who’d have thunk it. What doesn’t get called out is the senior leadership items. “Senior Leader Trust” is down 8 points since the full survey in March 2023 and is well below... — read more 

Accenture

What is the latest about the partnership with Accenture ? The good, the bad, and the ugly ? How many job losses and how much are the synergies costing TIAA ?

Quitting

Is 2 weeks required? Thinking about quitting after bonuses next year, or end of this year. Would I need to give 2 weeks notice? Does HR conduct exit interviews? Has anyone been offered even more money to stay?

First Quarter Result

Net income negative $407,362,484.00 Capital & Surplus down $551 million. On a positive note: The New York Liberty defeated The Washington Mystics 86-78 in WNBA action.

TIAA is going BKWD…

This company is going backward not forward. Not paying associates fairly, no raises in 3+ years for most, forcing RTO at the expense of talented tenured associates yet promoting AI and other technologies that people have experience with in other... — read more 

Does TIAA do exit interviews?

And if so, would you be honest or say nothing not to burn any bridges? I'm tempted to just be completely honest, but I know it's risky.

"Culture" of no raises UNLESS you're EC

I am a manager of a sizeable team and an associate came into my office yesterday in tears. She is having trouble making ends meet -- her rent has gone up 15% over the past 3 years, day care is increasingly unaffordable AND her salary has been flat... — read more 

CAO testifying today in Diddy trial

Derek Ferguson is scheduled to testify today in Diddy trial in New York. This should be very interesting testimony. He managed Diddy’s company and personal finances so he has to have a ton of information.

Got notice recently

I work in a very small niche part of the company. Very client facing, including many of the largest institutions. Also our work affects thousands of plan participants directly. They decided to shutter the unit, with virtually no time to transition... — read more 

More Layoffs

https://denvergazette.com/news/business/tiaa-to-lay-off-84-workers-in-downtown-denver-ahead-of-office-closure/article_753e3bc2-375b-4eb5-85c5-efda1ab7e73b.amp.html

The Company Culture is Depression

We care about your mental health but you better get that A-s in a seat to be on zoom for 3 days a week. Aren’t you excited about Frisco? You get to deal with the fallout from Denver, picking up the slack, and force-hiring lesser talent in Texas at... — read more 

gAItway to he-l

just when I didn't think this place could get more mediocre, we're forcing AI down peoples throats. Sorry to nuveen and everyone who supports anything remotely environmental or educational...saving a buck and brain cell is more important!

Concerns about the RA/GRA?

Given the general employee negativity and likely eroding revenue, would it make sense to start taking income earlier to at least get something? Can’t imagine TIAA being in better shape 10-20 years from now…. Curious what you guys think.

There is no future here

But before the ship sinks, leadership’s already pointing fingers at everyone below them. Feels like we’re just here to take the fall for their bad calls. What’s the point anymore? Classic corporate playbook: sc--w up majorly, then act like it’s our... — read more 

4 weeks notice

I have an offer for another company. But apparently I have to give a 4 week notice. How ridged is TIAA on this?

The culture is irreparable

The rot is so deeply engrained in all aspects of the culture and at every level, it will never be fixed. TIAA is dying a slow death. The only question is who buys the corpse before it totally decays. The company was built on a mindset of a... — read more 

I have an offer, is it as bad as this board suggests?

I have an offer for a leader role in the technology space. Its interesting work based out of the Dallas area. Is TIAA as bad as this board suggests? Everyone I have interviewed with has been fantastic with a long tenure. Thoughts?

5 days in office............get ready

Heard that an announcement is coming this week that a certain group of "low on the totem pole" employees will be required to be in the office 5 days/week. Yeah, it's the AA's. And if true, I doubt it will stop with them. That whole "hybrid is the new... — read more 

Priorities

We need to layoff 1,200 workers! Labor costs are too high. But this week in Charlotte, let’s have a “coloring contest” and “crochet lessons”!!!!! So much productivity! I’m sure this won’t be a huge waste of time and we won’t feel like we are... — read more 

TIAA Outsider

I don’t work for TIAA and I never have. The company recently posted some jobs that align with my skills and experience and I’m considering applying. However, I stumbled upon this website and I’m having second thoughts. Unfortunately, it seems the... — read more 

Today’s the Day

In the dimly lit private room of an upscale steakhouse in Charlotte, five members of the Senior Leadership Team clinked their glasses together in a silent toast. The mood was triumphant, but there was an air of quiet tension—no one wanted to be the... — read more 

A major talent drain at TIAA

You have to be really obtuse to not see it happening. While longtime staff is heading for the exits, leadership layers seem to multiply. Meanwhile, the same tired "restructuring" buzzwords keep getting recycled as morale tanks. Is anyone else... — read more 

Project Gateway

I am sorry to ourTCSG associates but it looks like the writing is on the wall. Once the knowledge transfer is complete and the trust company is caught up, most of the trust positions are going to be outsourced.

Long Term Pension Plan

What did everyone’s LTPP payout for the 3 years of vesting this year? I see ~3% per year or 9% total. CDs are paying better.

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