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
Matthew Newcomb
Mutual's next CFO should be Matt Newcomb.
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
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
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
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
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
3 Client Relationship Managers Promoted After Layoffs
After all the layoffs, only 3 Client Relationship Managers were promoted this Spring. There are about 100 of us. I work on the West coast and been here for years. Meanwhile, over 10 sales reps, many who barely hit or didn't hit their numbers were... — 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
The ax keeps falling: CFO fired at board meeting.
Current CFO (the one who isn’t a CPA) is OUT. They’ll probably spin it as a mutual agreement. The dominos keep falling. We will be in receivership by Labor Day. Nice knowing you all.
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
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
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
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
If the stock market drops 20% in 2026, how many more employees will be laid off ?
2nd year of Trumps Term. Market has to flex. A 20% market drop would mean how many layoffs at Mutual of America Financial Group by November 2026 ? I say 50 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
We are all waiting on bated breath for the culture survey
Ladies and gentlemen, boys and girls, ringling brothers and bailey circus. Get out your popcorn. The culture survey results are finally here ! Sit back, relax, and enjoy the corporate spin.
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
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 ?
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
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
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