Thread regarding TIAA (TIAA-CREF) layoffs

When can we stop stressing?

I'm exhausted from the constant worry. When can we finally relax? Will we ever again have some semblance of job security?


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| 4 views | | 10 replies (last 5 days ago) | Reply
Post ID: @OP+1kvqgke7b

10 replies (most recent on top)

I'm gone, so glad. But just a reminder TIAA is NOT winning in the marketplace. They made the push to become a full service financial company and complete with big boys & girls but they failed miserably. Plus they've failed to maintain their market share as a affinity company in the education/non profit world. It's hard to compete with Fidelity. Gen X, the Millennials have no loyalty to TIAA, they change jobs their rolling out to Schwab even Robinhood.

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Post ID: @1nh+1kvqgke7b

@ay You say “Welcome to Corporate America”, but I’ve been with six major corporations and none of them were as culturally flawed as TIAA. There are no “adults in charge”. There is nobody in senior management or board leadership who knows what to do. They are just hanging on for the $$$.

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Post ID: @m1+1kvqgke7b

You can relax when you've obtained employment elsewhere. TIAA is a melting glacier. No amount of town hall gaslighting is gonna change that.

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Post ID: @k7+1kvqgke7b

I only know of a few BAs and POs in India. At least in the B2B area. Dev lead and dev team, sure, but having the BA and PO offshore makes no sense.

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Post ID: @cp+1kvqgke7b

Never. TIAA has two large layoffs each year and constant quiet layoffs. My hiring manager was laid off 8 weeks after I started. I saw most of my team laid off over the years. I lasted ten years before I retired from TIAA. I always thought I was going to be let go. I never knew the extent of the stress I was under until I left.

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Post ID: @bs+1kvqgke7b

Though I don't but I can understand outsourcing some positions in India. But entire scrum team is in India(including Tech lead , BA and PO), that is not acceptable.

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Post ID: @b4+1kvqgke7b

Welcome to Corp America.

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Post ID: @ay+1kvqgke7b

I am not sure how India-Pune Location resources can play BA role of US Retirement Business. That is so strange.

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Post ID: @ax+1kvqgke7b

You'll get what you paid for. Cheap labor = Cheap quality.

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Post ID: @ah+1kvqgke7b

@OP you can't company is gonna move a lot of jobs to India. they already have.

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Post ID: @a6+1kvqgke7b

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