“The claims are misleading, and the article contains a number of factual inaccuracies.” - J & K For example…?
I'm done putting in much of an effort
I do the minimum I can get away with and that's it. There are days when I barely do anything. Give me one good reason why I should be doing more. I'm a firm believer in "give back as much as you get." Considering how little I've been getting from... — read more
Absentee CEO
I can’t for the life of me understand how the entire day went by with no word from our CEO. If she wanted to hide behind the keyboard and send an email that’s fine although I would’ve appreciated a companywide zoom call. but nothing. unbelievable. if... — read more
Layoffs next week?
Is this confirmed? Another ruined weekend ahead.
NBC Article
What happens next? Lets see how she will go about collecting her fake awards after this NBC article and the famous quote T loves money.
Are threads being deleted?
Not sure if I am only one noticing this. But some threads are being deleted.
Noone talking about the frisco guidebook?
Second page literally talks about relo package and transition
"Metrics" are the ineffective manager's proxy for actual results
When I was there the middle managers were like Stepford Wives in their slavish devotion to "Metrics". "Metrics" are the ineffective manager's proxy for actual results. If they can't get objective results then they make darn sure their "Metrics" look... — read more
TIAA layoff
Does anyone know when they are going to announce the closing of the Denver office? This Aug or September?
Open Letter to the Board .................
To all the Board Members - since our new CEO and her leadership have taken over, there has been a shift from being customer focused to instagram famous; Key highlights of the illustrious EC team:: Marketing - Millions to multiple agencies; brand... — read more
Honest review
Year after year I’ve seen the same job positions for TIAA, specially within the marketing department around the same time each year. A recruiter reached out to me about one of the positions recently. Are marketing individuals leaving each year or... — read more
Gone are the days of actual work
I can’t remember when was the last time that I didn’t spend 80% of my workday doing reports, following processes, having completely needless but long meetings. Company’s culture shifted towards procedures, quotas, measurements, and processes... — read more
Dropping Like Flies
So institutional has Relationships Managers and Client Services Manager dropping like flies. Who is keeping the lights on? They are literally raising their hand with a big middle finger and saying no thank you. Survey results were Sh_T too but no... — read more
CEO of the year
T talks DEI , wins CEO of the year award at Essence Fest. Thoughts?
Layoff and TIAA's 401k
Anyone know what happens to 401k if you get laid off at lets say 52 or 53 years old. I know traditionally you can rollover 401k to an IRA. But since tiaa has life time income would it make sense to keep money with tiaa and start getting paid at 59.5... — read more
Laid off recently, still looking for a job
It’s not the best job market out there. I managed to get an interview with two companies, but didn't get the job. Pay they offered was nothing to write home about. Anybody had a positive experience? I’m not yet panicking, still have some wiggle room... — read more
Pathetic
S&P finished at a new all time high today at 5633 and topic of conversations are layoffs
Do we know more about layoffs?
There are a lot of rumors circulating. Some chatter is about rather massive, across the board layoffs. I’m really scared, because I’m in a really bad spot and can’t afford to lose the job now.
More layoffs today
The EC targeted managers again, and from their email this morning it sounds like they aren’t finished. Not looking forward to the second half of this year. #savemoneyfireT
Denver Office
When are they going to communicate what is going on with the Denver office? Rumor mill is running wild with information, but nothing from corporate.
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.
TIAA grew complacent and got passed by more innovative, cheaper competition
TIAA has no compelling products (while TIAA Traditional has its merits, the bottom line is that the market doesn't value it), poor service and a cost base that makes it non-competitive on price. It's the financial services version of IBM...was the... — read more
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
No way, Jose (pun intended)
Was the departure abrupt or did they know it was coming?
Decision to Cancel Many Strategic and Change the Bank initiatives
Senior management just announced their decision to cancel many strategic and change the bank initiatives today. From the list, it looks significant. Should we all expect more layoffs coming down the line?
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
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
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
Eliminations in Marketing
More eliminations within marketing… does our cmo ever stop?
Is it true
Is the new office in TX open?
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