Former NFL Football Coach Jim Mora was once quoted as saying. "PLAYOFFS?! Don’t talk about—playoffs? You kidding me? Playoffs!?!" Today is D-Day at MoA. Flags at 320 Park Ave are flying at half mast. Taps is playing. "Layoffs ? Layoffs ? Were... — read more
A Very Sad Day 12/17/24
A very sad day in Mutual of America long history of promises to keep. Always remember & never forget.
More Layoffs Next Week
It wouldn't surprise me if 50-75 people get canned next week right before Christmas. Yesterday's fat trimming is just the beginning. The company needs to get down to roughly 850 employees to be viable as an on going entity. Right now, it still has... — read more
More Layoffs To Come
Yesterday was just the tip of the iceberg. Insiders tell me there will be more layoffs to come in the days ahead right before Christmas and a massive restructuring that won't be for the faint hearted. Buckle Up. There is more turbulence ahead.
Layoffs vs legal settlements
Many were laid off yesterday and presumably more to come. Why? Because corporate greed of former and current leadership taking raises while legal fees grow. If you weren't laid off, do yourself a favor and escape the titanic while a life raft is... — read more
What a shame...
Greed and Festog started this downward spiral. And the CHRO must be proud. That's a half million dollars in waste right there...
2nd round of layoffs
MOA just laid off more employees today.
Death Spiral
There is no way in he-l Mutual of America survives it's dramatic fall from grace. The new CEO is going to sell the company. With the recordkeeper consolidations, it would be the only way to save 75% of the workforce. Mutual's technology is so far... — read more
Transparency & Accountability
When Steven Rich took over, he said he wanted more transparency. Like Tiaa-cref does, put on the Mutual of America website, the salaries and compensation of all Executive VPs and above along with Board members compensation. Steve should also make... — read more
Digital Transformation
For years, Mutual of America mislead the public in it's Annual Reports discussing how far along they were with the "Digital Transformation." The true was covered up. The transition to OMNI was rushed all to save $8M so Greed didn't have to sign... — read more
Any word on when the axe may fall on us?
Being laid off would be a blessing. This place has been falling apart for so long, and the only reason I haven’t left yet is because I grew complacent and because the job market these days is not all that great. I think all of us who are still here... — read more
Update
Greed, Festog, Severin, and Donaldson were all fired. Severin was being invested before he was fired and was placed on investigative leave. The company is currently investigating Moriarity, McManus and others due to a US Department officials of Labor... — read more
Management Change
Did Festog, Donaldson, and Greed get laid off now?
Where is the money?
As a former long time MoA employee I requested my pension funds be transferred to another financial institution. It took months to get a response and months more for the rollover to actually take place. I have a feeling if I didn’t show up in... — read more
120 employees blindsided
Mutual of America laid off 120 employees today with no warning whatsover.