I believe we should respond in some way. Shastri, his team, and the board who approved this need to understand the impact of their decisions. We’re not commodities to be traded at will. This feels like being auctioned off to a new master in a slave... — read more
Additional Whistleblowers Coming Forward?
Two different people, from two different locations, advised they have heard that there are several more whistleblowers prepared to come forward detailing how TIAA has violated contractual agreements with institutions by allowing offshore processing... — read more
Tiaa india RMDCT impacted
This impacts India RMDCT and around 90% staff will move to Accenture with conditions mentioned like sign the new offer or leave. No impact on current salary but will be facing risk of layoffs from Accenture mainly seniors. Accenture has committed... — read more
Your value to the company has been defined and the definition does not include value
Now hearing this layoff/reallocation of employees will impact Denver, Charlotte, New Jersey, where most employees will become contract workers for Accenture. As the poster above mentioned, there will be 2 options for this group, take the job with the... — read more
Marketing Strikes Again
Yesterday TIAA put out an email that depicts an off-ramp sign to Happiness that says Exit Here and they couldn’t be more right. Rumor on the street is that tomorrow’s ad depicts a sinking ship named the USS TBD. Next week, they start a series of... — read more
Subscriber Inequality
As part of our People Promise to promote open and transparent communication, we’re taking steps to address an important issue: Subscriber Inequality. Currently, only a small portion of the company’s employees—just a few hundred—are subscribed to the... — read more
In addition to the relo, around 700 layoffs are coming in September
In addition to the relocation options, people need to read the severance guidelines very closely, not base decision on what they are told. In addition to the relocation, there are going to be around 700 layoffs coming in September. In some... — read more
Communications Announcement
To: All Employees Subject: Authorized Use of the Phrase “Strengthening How We Operate” Dear Employees, As part of our ongoing efforts to foster an environment of flexibility and adaptability, we are pleased to announce that the phrase... — read more
Time it takes T to make a statement
Over 2.5 months (-160) Under 2.5 months (+110) *Not financial advice
Denver/Broomfield Associates: Location Strategy Connect & Clarify Session Thread
Does anyone actually think we’ll get any new info today? (this thread does not have any moderators)
What if one doesn’t want to relocate?
How will that work?
CEO
When will T leave?
Marketing Roles Only in Frisco TX
Former TIAA here. I was laid off when Micky made her first massive reorg back in 2022. That said, 2 new marketing roles were posted to the career site. I submitted my application. Today, a recruiter contacted me and said the following: Thank... — read more
Operations
Do anyone know if Operations is on the "chopping block" of being outsourced or giving severance packages soon?
TIAA Update
TIAA was actually able to hire another fading 90s hip hop celebrity to help navigate this difficult time. Here is a portion of the soon to be released guide the helped create: “Now let me holler at ya partner, sp-t this game Bring your ear for a... — read more
Detailed portrait of a company in crises on multiple fronts
Relocation is tough under any circumstance. The only time it makes sense (In my opinion) is when it advances your career in a strong and growing company that has made some sort of commitment to you and your career path. That's the only time it... — read more
Why are we always expected to "do more with less?"
And more importantly, why do we keep complying and allowing them to add more work to our plates for no extra compensation? I do this as well so I know I'm part of the problem. I'm just getting so, so tired of it. TIAA leadership is taking advantage... — read more
Retirement plan to be cut
Title says it all
“Location Strategy Updates” Article Removed from Intranet
“I felt a great disturbance in the Force. As if millions (more like a thousand) of voices suddenly cried out in te---r and were suddenly silenced.”
Profits over people.
Look no further than the TIAA Location Strategy FAQs to see how much the company doesn’t give a sh-t about you. It states that they are closing Denver to accelerate reaching their goal of adding roles to Frisco to receive financial incentives. It... — read more
Lack of respect!
TIAA CEO Duckett: What a coward! In lieu of the recent announcement that TIAA will be closing down its Denver Operations Center; as long time Denver employees we felt the need to express our feelings in regards to the blatant lack of leadership and... — read more
How many of you would accept a relocation package?
In this day and age, when there’s no job security whatsoever, I wouldn’t. I have to upset my whole life and the life of my family to relocate, then probably lose the job anyway soon afterward? I don’t think so. On the other hand, relocation strategy... — read more
Seems like we’ve got their attention.
Just overhead an EC member talking about this site. If only we could get board members reading it too.
OCOO heads are spinning right now
Schedule an all hands meetings yesterday afternoon then cancel it one hour before it’s scheduled to start because “there has been a lot for our teams to absorb”. So “take some time to process” everything and how about we have a town hall next month... — read more
Well, the whole world now knows
https://www.denver7.com/news/front-range/denver/tiaa-closing-denver-operations-center-putting-1-000-jobs-at-risk-amid-move-to-frisco-texas DENVER — TIAA, one of the nation’s largest financial firms, informed its employees Tuesday morning that it is... — read more
TIAA lawsuit
https://www.thinkadvisor.com/2024/08/06/tiaa-morningstar-accused-of-funneling-assets-to-proprietary-products/?amp=1
Relocation Assistance
For those of us in Denver and Jacksonville, I’m curious what the relocation packages offered will look like. Does anyone who has relocated while at TIAA have any insight what has been offered historically? *Disclaimer: I know past offers don’t... — read more
Only Denver to be impacted?
Or will there be layoffs elsewhere? Why so hush-hush? At this point everybody’s been demoralized and nobody expects nothing but layoffs.
Blatant Ageism
Derek said Frisco has a ‘fresh’ talent pool, Claire said sorry to impact all of the people with years and decades of experience in Denver. Read between the lines, getting rid of the older people that get paid too much to bring in young people who... — read more
Layoffs info
Pls post, guys. It’s all murky but it seems it's happening.
W-blower revelations reflects what TIAA turned into a while ago
I mean I don’t see why people are surprised. How you treat your employees aligns with how you do all of the other things that no one sees. Like how you take care of your clients, how trustworthy you are, how you run your business. When the company... — read more
WARN Notices?
If layoffs are happening why are not we seeing layoff WARN notices? I'd expect that we have to file those notices with the state as we are large enough to be cover by that labor law. I am not saying something is off, I am just curious about what's... — read more
https://x.com/TheLayoff/status/1820536996617671134
https://x.com/TheLayoff/status/1820536996617671134
Office Closures
Closing and relocation Jacksonville employees July 1, 2025 to Frisco. Closing and relocating Denver July 2026. No opportunities for remote. No opportunities to move Denver employees to Broomfield at this time. CEO absent from call.
Shows total lack of care for employees
after having the weekend to let this sink in and just rereading the article, I am beyond disgusted at the actions of our company leaders. Forget about the clients outside of TIAA and think about the employees. They have put thousands of jobs at risk... — read more
Slow Learners?
July 13, 2021: "Whistleblower complaint leads to $97 million dollar disgorgement to settle charges of pushing costly in-house products on retirement savers." TIAA spokesman: "We have learned some valuable lessons and have applied those lessons to... — read more