Topics regarding layoffs at TIAA (TIAA-CREF)

Topics regarding layoffs at TIAA (TIAA-CREF)

Any updates?

I have not heard anything about outsourcing or layoffs in Record Keeping Services. Maybe it's just rumors after all.

Cyber

Leadership is incompetent. Better? Someone’s feefees must be getting hurt by the other post. It doesn’t go against the content policy.

Warning about these websites

Keeping it brief, these websites are monitored and internally they do follow up with people who spread the rumors in real life. Watch yourself

EC members can now use private jets

Prior to June 1st 2024, the policy was: “Private aircraft may not be used for business travel.” The Executive Travel and Expense policy now has an entire section that allows all EC members to charter private aircraft, provided that: The EC member... — read more 

Sinking Ship

Serious question: The markets are at its historic high, literally since the founding of this country: S&P 500 = 5,433 NASDAQ = 17,667 (new high today) With > trillion dollars AUM, we should be overwhelmed with profits How is TIAA so dysfunctional... — read more 

Engagement Survey Numbers Might Not Add Up

On the Stay in the Know call from 6/6/24 the Engagement Survey showed the results of the survey with 9k+ people responding. The Intranet post from 6/4/24 says that over 13,500 people responded. Where did the other roughly 30% of the respondents go... — read more 

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| 1390 views | | 7 replies (last June 14, 2024)
Post ID: @OP+1sXn14PQ

Exec Comp Disclosure

T's performance highlight "overall expense management" is a joke. Budgets overran across the board. Let alone many employees received 0% raises while management + execs got raises. What a grift. Sastry's "attracted top industry talent" its also a... — read more 

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| 2890 views | | 16 replies (last June 14, 2024)
Post ID: @OP+1sVVb6VW

Lawsuits everywhere

In the past few days, two major lawsuits. One is about the vaccine mandate and the termination of employees. The other one is Carfora v. TIAA on behalf of participants who were sold into Portfolio Advisor managed accounts without full disclosures. ... — read more 

What’s up with Biggs Hall?

Anyone else wondering when they are going to reinvest in the building upkeep? The elevators are always broken with signs posted on them, paper towel dispensers in the bathrooms continuously break, signs posted all over things that don’t work and they... — read more 

Hiring freeze but hiring interns(?)

We just fired all our honest and hard working contractors, and then I see interns and rotation interns being onboarded? I have nothing against them, I understand they need an opportunity but right now this company needs to prioritize spending... — read more 

5/30 CST townhall

Anyone realize how 5/30 town hall is so oddly times? I mean it is the week of memorial day weekend and that is long weekend. And more over the timing is really odd 3 PM in the afternoon. It looks like they went out of the way to avoid TIAA-India... — read more 

Lean in on AI Army....

Anyone notice that AI army all worked together at AMEX?? A lot of SMD and MDs--> REMOTE positions (Arizona and SF)..seems they are a Special group Zero capabilities delivered; they take credit from other teams work (see gait that was built last... — read more 

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| 1060 views | | no replies yet
Post ID: @OP+1sBPVtB7

Outsource

If you want to better understand outsourcing of Record Keeping, this is already a trend and what took place at T Rowe Price and Vanguard: A news release Tuesday cited FIS' technology expertise that would help T. Rowe Price modernize record keeping... — read more 

Equity Honors COO of the Year

Did you hear the news? Diddy’s right hand man DF was given an award by the National minority supplier development Council for being the most #antiwhite CAO it appears. He couldn’t be on hand to accept this prestigious honor so another... — read more 

Internal hiring

Anyone hear there will be a lot of internal hiring about to happen?

TIAA Cutting Salaries for Marketing New Hires

I am a former TIAA employee. I was laid off when Mickey made her 1st big reorg to the Marketing organization in 2023. Two weeks ago,I saw a Director (8IC) position posted for Marketing and applied. Today I had a phone screen with a recruiter. ... — read more 

Open Roles

Over the past few weeks there have only been 2 open roles in the Denver office. Other offices have 20-30 (NC, TX, NY, IL). Does anyone know what that is about? Let’s hear it.

Another Town Hall meeting...soon.

I hope they make this big announcement every one is talking. I hope Record Keeping Service is mentioned. Layoffs or outsourcing. The unknown can be cruel

Engagement surveys are NOT anonymous

If you compare your link to a link from a co-worker, you’ll find they are not the same. A unique link means they can trace it back to you. Also, Qualtrics asserts that if a company uses an Anonymous survey, no PII can be traced back to you, including... — read more 

What is going on at TIAA?

I read the 2023 annual report, and it doesn’t look good. This is back-to-back years with a significant loss from operations. What in the world is happening over there as I left TIAA during VSP? There was no commentary listed that explained what... — read more 

What is coming on May

There is a lot of speculation that something major reorganization going to happen on May. What is it?

Stupid question

So is TIAA doing layoffs and hiring at the same time ? I see random postings on LinkedIn for financial consultant opportunities but also see comments about hiring freeze ? Totally confused

T has a 75% approval rating on Glassdoor

Instead of complaining/criticizing on this website that no one outside of TIAA views, post your genuine feedback on a public high visibility forum like Glassdoor reviews. Most of the positive reviews for the CEO are from employees in India. They... — read more 

Internal IT layoffs today

I don't know the full extent, but at least a dozen engineers in the desktop area were let go. Seemingly at random, no major commonalities between them and it looks like the direct managers weren't informed beforehand. Just upper management picking... — read more 

Whistleblowers and Wealth Management

Just heard that the whistleblowers that went to the SEC regarding Wealth Management's sales practices allegedly just received $28 million. How did that entire event effect TIAA CREF's financials and reputation, I wonder?

Resume hiring

Does anyone know if TIAA can resume hiring again soon? The word was in February was hiring freeze will be lifted in April, but have not heard anything recently.

What is going on at TIAA

Does anyone know if the company is in good standing? Are they laying off folks and no longer expanding? Seems they are in a standstill and lots of rumors for what is to come in Q2.

Is it true

If layoffs or outsourcing is going to happen, hopefully we're given options to stay or take a package. Make the announcement... like this week..

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