Thread regarding Mutual of America Life layoffs

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 sooner to save the cost sooner. With the state of moral, the loss of benefits, and everything else that has been going on, the company is probably expecting more to leave than normal. With this in mind, it’s highly unlikely the Company will not have to layoff until more AUM leaves and revenue drops even further. Just my opinion.

@hk+1jm6fz8y3 said it well.

by Anonymous
| 631 views | | 4 replies (last March 11, 2025) | Reply
Post ID: @OP+1jnzet9gv
Comment! It's anonymous!

4 replies (most recent on top)

The Board has got to be breathing a little easier after the last meeting. With over $500M in the bank earning 5.15% each 75 year old Board Member is sure to continue to get at least $300,000 in income. In fact, they probably just gave the Estate of Frances Hesselbein a big raise.

by Overpaid
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Post ID: @es+1jnzet9gv

The Firm probably lost about $400M today in market losses. Annualized, that is about $2.8M in lost revenue equivalent to about 16 jobs. Question is: who will be the next 16 to be laid off ?

by Balanced Budget & Government Shutdown
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Post ID: @er+1jnzet9gv

If the Nasdaq falls another 4% today again, there might be more layoffs sooner rather than later in no time and it wont be due to mal-attrition

by Donald J Trumpet
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Post ID: @dk+1jnzet9gv

It's not about the amount of Assets under Management (AUM), it is about the margin on those assets and it's all about net outflows. Projected net outflows for 2025 are in the neighborhood of -$1.5 Billion as of today. Pricing pressures and because the general account has no MVA or a 20% a year buffer, are reducing margins. If the company wants to get leaner, it needs to fully automate in all areas like Fidelity does. No paper forms for loans, distributions, death claims. Automated compliance testing and other routine employer and participant areas. Eliminate the rollover specialists and farm out the call center to the Phillipines and replace RDI. RDI call center is rude. The company could easy shave 50 more employees by innovating in these areas. Plus, get rid of the remaining corporate perks for Executives and eliminate many Ex Vps, Senior VPs, and VP positions.

by Anonymous
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Post ID: @b4+1jnzet9gv

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