Topics regarding layoffs at Mutual of America Life

Topics regarding layoffs at Mutual of America Life

Goal Planning for What?

What is the true true true purpose of goal planning in the great land of Mutual of America? Do employees have super constructive and honest conversations with their direct managers about role responsibilities? My manager doesn't even bother to talk... — read more 

Administrative Operations Needs A New Leader

My sources inside the company indicated that morale is low and over 50% of all employees in Operations have lost confidence in the EVP. He was brought in by Severin and was underqualified. Disasterous results. The division needs a positive outgoing... — read more 

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| 820 views | | 3 replies (last March 31, 2025)
Post ID: @OP+1jptve4t3

What goes around comes around

Someone called us cowards. Projection describes the act of ascribing one's own shortcomings to others. There are countless reports of people enduring mistreatment. If you come across claims about E(mpty)VP fabricating stories about employees to evade... — read more 

Client Relationship Managers Are Not Respected

The Field Executives and Senior Management don't truly value the yeoman's and back breaking work talented Client Relationship Managers do and how much REVENUE they generate for the company and how much REVENUE they save the company. The workloads... — read more 

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| 770 views | | 5 replies (last April 17, 2025)
Post ID: @OP+1jpcs2hp6

Website Redesign

I am a retiree and can't believe no one has redesigned the website ! There are those two goofy looking guys on the front of the site. It hasn't changed in years ! When you login, there are no tools or new information. No articles or news feed. Throw... — read more 

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| 1520 views | | 23 replies (last March 28, 2025)
Post ID: @OP+1jpbmrzhk

Great News !

This is right from the horse's mouth at Morningstar: "Morningstar Manager Research Feb 24, 2025 Mutual of America has a strong investment culture as a firm, resulting in an Above Average Parent Pillar rating. One of the most notable selling points... — read more 

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| 440 views | | 2 replies (last March 15, 2025)
Post ID: @OP+1jpbj4rm8

Glassdoor 2.9 Rating--Update

Current company rating on Glassdoor is 2.9. I tried to find a lower rating with a retirement plan record keeper but could not, unfortunately. If you look deeper into the numbers, African Americans and Hispanics give the company a 2.1 rating. Whites... — read more 

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| 1030 views | | 10 replies (last March 21, 2025)
Post ID: @OP+1jp4xpan3

Threads disappearing from TheLayoff?

I thought this was an open forum? Why and how are threads being censored? There were several long discussions which have mysteriously disappeared. Are we not allowed to discuss things like the CFO possibly being axed? What’s going on here?

The company is banking on attrition

The company traditionally experiences a certain amount of employees leaving in April, right after bonuses are paid in March. With the bonus being paid a month sooner, my guess is they moved that timeline up to have those that want to leave, leave... — read more 

Stop being cowards

Instead of barking at a brick wall, try actually doing something. Speak up. Use your voices. Or are you all just comfortable talking tough behind a screen while rolling over for whatever the company throws at you? That’s embarrassing. With all the... — read more 

Board of Directors

Big Board Meeting coming up next week. It should be a barn burner. Lots of Angst in the air. Asset Retention hasn't gotten much better so far this year and those is such much in the air with the $140M loss when the stock market had one of its best... — read more 

No Layoffs Today-But.....

There was an audible gasp today when they announced who was promoted. Only 3 Client Relationship Managers were promoted but over 10 sales reps. I have been working in the field offices for several years now and never have seen fewer service people... — read more 

Asset Retention Numbers and More Layoffs ?

Net project outflows for the year through February are roughly negative $1.5B. This most likely means another 50+ layoffs sometime in the future. If the market declines and has a 20% correction in 2026, then it could get real ugly.

Incentive Compensation

Was incentive compensation paid this week? What was the factor and have resignations followed?

Fitch Ratings A- Negative Outlook

Fitch came out on 2/5 with a no action taking on Mutual of America keeping the ratings at A- with a negative outlook. If not for the sale of 320 Park Ave, one only can speculate that Fitch may have downgraded the Firm again this time as a BBB but... — read more 

Employee Appeciation Day is March7

To thank the hard-working employees who are still here, the CHRO will be gathering employees together to create “vision boards” and share their dreams for a better tomorrow …

DOGE

If DOGE audited Mutual, what would they find ?

"What did you do last week?"

If you are executive or VP at Mutual of America, what did you do last week ? If you can pinpoint examples in the following areas, it's time to look for another job: How many clients did you visit last week ? How many calls did you hold with... — read more 

Resignations & Layoffs

When incentive compensation is paid out later next week, will more or less than 40 employees resign or be laid off ? If 40 people leave, will the company keep the moritorium to not hire non essential employees or decide not to back fill for those... — read more 

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| 370 views | | no replies yet
Post ID: @OP+1jmnk7w6q

Layoffs & Boca Development News

Some more headlines out of the Boca area about the $100M +/- development. Before all the layoffs it was the intent to "force" 200 NY Based employees to move to Boca. Now with the layoffs, and the sale of 320 Park Ave, it looks like Corporate Brass... — read more 

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| 780 views | | 3 replies (last March 2, 2025)
Post ID: @OP+1jmjzdcxb

Glassdoor

Many who have been laid off or fired recently, have posted on this site and Glassdoor. I was laid off in December and it has been devastating. I just had a new baby in September and to be canned right at Christmas was very depressing. Not that the... — read more 

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| 670 views | | 2 replies (last February 20, 2025)
Post ID: @OP+1jmdkgz5r

Boca Property City Approval

Unless I've read it wrong, the City Council in Boca just approved a new RESIDENTIAl building next to the existing OFFICE building. I was reading about the new City Center planned, and it was also part of the article. Office Depot will also be... — read more 

March 7

March 7 is National Employee Recognition Day. It is a day for companies to say "Thank you" to their employees. It's time to self promoting yourself on Linkedin for a day, turn yourself inward, and help YOUR employees who get paid 1/5th many of the... — read more 

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| 1090 views | | 11 replies (last March 13, 2025)
Post ID: @OP+1jm1711hq

Can Accenture Save Mutual of America ?

TIAA just inked a deal with Accenture. They are getting rid of OMNI. Remember in 2006. TIAA switched to OMNI. It was a disaster. Flash flash forward to 2021. Mutual of America switches to OMNI. It was no a disaster but an unmitigated disaster. See a... — read more 

No More Layoffs This Year Announced !

It was announced last week that there would be no more layoffs. Try doing a Co-Pilot AI Internet search of "signs that a company are going under" and this is what came up. Sound familiar ? $$$$$$$$$$$$ Signs that a company might be going under... — read more 

For Those Of You Who Were Laid Off or Fired

The last two years at Mutual of America Financial Group have been absolutely gut wrenching. The sneak attack firings of 250 people and how it was done was shameful. Most Executives and VPs keep their jobs, large deferred comp plans, and huge golden... — read more 

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| 360 views | | no replies yet
Post ID: @OP+1jkw1qbq8

Glassdoor Reviews Part Deux

Many of us hope that the CHRO, CEO, and Board take a serious look at what employees and retirees are saying about Mutual of America. The CHRO is responsible for setting the tone for company culture and it is very evident many employees are not happy... — read more 

For those of us who were fired before Christmas

How many are rooting for the red wine, crepes, fuxatony phil, and the Philadelphia Eagles ? How is the Mutual of America Suite looking like at the Superdome tonight ?

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| 200 views | | no replies yet
Post ID: @OP+1jkps8rbk

NLRB & Layoffs & Protected Speech

"The NLRB prosecuted the employer for terminating an employee that engaged in activities protected by the National Labor Relations Act.  Since the Act protects a broad range of commentary and behavior that many employers consider to be... — read more 

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| 200 views | | no replies yet
Post ID: @OP+1jkm3p1qv

Layoff Separation Agreements - NLRB

On February 21, 2023, the National Labor Relations Board (“NLRB” or the “Board”) issued a decision in McLaren Macomb, 372 NLRB No. 58 (2023), regarding the enforceability of confidentiality and non-disparagement provisions in severance agreements for... — read more 

National Labor Relations Board (NLRB)

Below is a reminder from the NLRB in a recent online article: "With the new year upon us and amid an uptick in activity by the National Labor Relations Board (NLRB or the Board), the time is ripe for employers to refresh themselves on... — read more 

Financial Results

For those of you who are still working at Mutual Of America, have they released the net profit or loss for 2024 yet ? If so, what is the number ?

What Mutual of America Customers Are Still Saying

Rich & Mehta don't get it as customer retention goes. Below is a google search and compilation of what current customers are saying about Mutual. Unless you "drain the swamp" of the cognitively impaired Board and the inept Field Ex VPs that are left... — read more 

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| 870 views | | 3 replies (last February 16, 2025)
Post ID: @OP+1jk7kdvvv

Rumors About More Layoffs

What's everybody's prediction when the next hammer will fall ? There seems to be a hiring freeze so why keep anyone in talent acquisition. They haven't acquired a lot of talent in a couple of years. Looks like a bunch of voluntary/forced retirements... — read more 

HR Department Is In Shambles

WTF is going on with HR ? Performance evaluation process is overly excessively confusing and complex. Long & hard & arduous. Peer review process is not automated. 75 pages of instructions. While many top companies are doing away with the excessive... — read more 

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