Things I've heard: I heard that the new CEO isn't planning on being there long. She wants to stay a year or two and then shop her resume around for a political appointment in Washington or perhaps bail for another firm and claim she didn't know... — read more
Topics regarding layoffs at TIAA (TIAA-CREF)
I just can’t believe it.....that you’re going to lay off mmmmmeeeee!!!! Have a VERY ODD FEELING...the layoffs are coming. Probably in the next 3-6 months is my guess. But who actually knows.
This means we're getting a new CEO and something like that always brings major changes in the company. I'm pretty sure the question is not whether the new person will bring layoffs, but how bad it'll... — read more
TIAA just sold off their mortgage business to PNC Bank. Every employee being let go is probably wiping their a–s with their annual evaluations. Those ratings dont mean squat now!!
More layoffs to come in November (that's the rumor - we'll see what happens)
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
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
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
So, things are good and we should not complain for now. I am certain that we'll continue to do well.
Several senior leaders in Advisory Seevices have been axed this week. I hear more leaders will be axed
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
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
I hear that the first round of RIFs starts in April. Any numbers?
Post on incompetent KB has been removed -why?
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.
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.
It is only thirty employees, but the business had 3.2 billion in endowment assets under management! So why dissolve a profitable unit?
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.
Do anyone know if TIAA will offer another VSP package to other departments? I'm hearing a lot of work processing is becoming automated.
Any rumors about anything going on in this company? Layoffs etc....
Look at the competitors, everyone is vocal.
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