Topics regarding layoffs at Mutual of America Life

Topics regarding layoffs at Mutual of America Life

Board of Directors

Big Board Meeting coming up next week. It should be a barn burner. Lots of Angst in the air. Asset Retention hasn't gotten much better so far this year and those is such much in the air with the $140M loss when the stock market had one of its best... — read more 

No Layoffs Today-But.....

There was an audible gasp today when they announced who was promoted. Only 3 Client Relationship Managers were promoted but over 10 sales reps. I have been working in the field offices for several years now and never have seen fewer service people... — read more 

Asset Retention Numbers and More Layoffs ?

Net project outflows for the year through February are roughly negative $1.5B. This most likely means another 50+ layoffs sometime in the future. If the market declines and has a 20% correction in 2026, then it could get real ugly.

Incentive Compensation

Was incentive compensation paid this week? What was the factor and have resignations followed?

Fitch Ratings A- Negative Outlook

Fitch came out on 2/5 with a no action taking on Mutual of America keeping the ratings at A- with a negative outlook. If not for the sale of 320 Park Ave, one only can speculate that Fitch may have downgraded the Firm again this time as a BBB but... — read more 

Employee Appeciation Day is March7

To thank the hard-working employees who are still here, the CHRO will be gathering employees together to create “vision boards” and share their dreams for a better tomorrow …

DOGE

If DOGE audited Mutual, what would they find ?

"What did you do last week?"

If you are executive or VP at Mutual of America, what did you do last week ? If you can pinpoint examples in the following areas, it's time to look for another job: How many clients did you visit last week ? How many calls did you hold with... — read more 

Resignations & Layoffs

When incentive compensation is paid out later next week, will more or less than 40 employees resign or be laid off ? If 40 people leave, will the company keep the moritorium to not hire non essential employees or decide not to back fill for those... — read more 

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Post ID: @OP+1jmnk7w6q

Layoffs & Boca Development News

Some more headlines out of the Boca area about the $100M +/- development. Before all the layoffs it was the intent to "force" 200 NY Based employees to move to Boca. Now with the layoffs, and the sale of 320 Park Ave, it looks like Corporate Brass... — read more 

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| 780 views | | 3 replies (last March 2, 2025)
Post ID: @OP+1jmjzdcxb

Glassdoor

Many who have been laid off or fired recently, have posted on this site and Glassdoor. I was laid off in December and it has been devastating. I just had a new baby in September and to be canned right at Christmas was very depressing. Not that the... — read more 

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| 670 views | | 2 replies (last February 20, 2025)
Post ID: @OP+1jmdkgz5r

Boca Property City Approval

Unless I've read it wrong, the City Council in Boca just approved a new RESIDENTIAl building next to the existing OFFICE building. I was reading about the new City Center planned, and it was also part of the article. Office Depot will also be... — read more 

March 7

March 7 is National Employee Recognition Day. It is a day for companies to say "Thank you" to their employees. It's time to self promoting yourself on Linkedin for a day, turn yourself inward, and help YOUR employees who get paid 1/5th many of the... — read more 

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| 1100 views | | 11 replies (last March 13, 2025)
Post ID: @OP+1jm1711hq

Can Accenture Save Mutual of America ?

TIAA just inked a deal with Accenture. They are getting rid of OMNI. Remember in 2006. TIAA switched to OMNI. It was a disaster. Flash flash forward to 2021. Mutual of America switches to OMNI. It was no a disaster but an unmitigated disaster. See a... — read more 

No More Layoffs This Year Announced !

It was announced last week that there would be no more layoffs. Try doing a Co-Pilot AI Internet search of "signs that a company are going under" and this is what came up. Sound familiar ? $$$$$$$$$$$$ Signs that a company might be going under... — read more 

For Those Of You Who Were Laid Off or Fired

The last two years at Mutual of America Financial Group have been absolutely gut wrenching. The sneak attack firings of 250 people and how it was done was shameful. Most Executives and VPs keep their jobs, large deferred comp plans, and huge golden... — read more 

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Post ID: @OP+1jkw1qbq8

Glassdoor Reviews Part Deux

Many of us hope that the CHRO, CEO, and Board take a serious look at what employees and retirees are saying about Mutual of America. The CHRO is responsible for setting the tone for company culture and it is very evident many employees are not happy... — read more 

For those of us who were fired before Christmas

How many are rooting for the red wine, crepes, fuxatony phil, and the Philadelphia Eagles ? How is the Mutual of America Suite looking like at the Superdome tonight ?

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NLRB & Layoffs & Protected Speech

"The NLRB prosecuted the employer for terminating an employee that engaged in activities protected by the National Labor Relations Act.  Since the Act protects a broad range of commentary and behavior that many employers consider to be... — read more 

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Layoff Separation Agreements - NLRB

On February 21, 2023, the National Labor Relations Board (“NLRB” or the “Board”) issued a decision in McLaren Macomb, 372 NLRB No. 58 (2023), regarding the enforceability of confidentiality and non-disparagement provisions in severance agreements for... — read more 

National Labor Relations Board (NLRB)

Below is a reminder from the NLRB in a recent online article: "With the new year upon us and amid an uptick in activity by the National Labor Relations Board (NLRB or the Board), the time is ripe for employers to refresh themselves on... — read more 

Financial Results

For those of you who are still working at Mutual Of America, have they released the net profit or loss for 2024 yet ? If so, what is the number ?

What Mutual of America Customers Are Still Saying

Rich & Mehta don't get it as customer retention goes. Below is a google search and compilation of what current customers are saying about Mutual. Unless you "drain the swamp" of the cognitively impaired Board and the inept Field Ex VPs that are left... — read more 

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| 870 views | | 3 replies (last February 16, 2025)
Post ID: @OP+1jk7kdvvv

Rumors About More Layoffs

What's everybody's prediction when the next hammer will fall ? There seems to be a hiring freeze so why keep anyone in talent acquisition. They haven't acquired a lot of talent in a couple of years. Looks like a bunch of voluntary/forced retirements... — read more 

HR Department Is In Shambles

WTF is going on with HR ? Performance evaluation process is overly excessively confusing and complex. Long & hard & arduous. Peer review process is not automated. 75 pages of instructions. While many top companies are doing away with the excessive... — read more 

The Company Could Make a Ton of Money This Way...Go

The firm hasn't turned a profit since 2018. Overspending is k-i-l-l-i-n-g us. Many of our non profit clients are in much better financial shape than we are. They know how to get grant money, keep a tight lid on expenses, and balance their books. Many... — read more 

Overspending on Consultants

Mutual of America has overspent hiring outside consultants. Whether it is Boston Consulting, Accenture, Alavarez & Marsal, I have never known a consultant who advised a firm to spend less-not more. You pay these clowns $250,000 for a 50 page report... — read more 

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| 710 views | | 4 replies (last February 1, 2025)
Post ID: @OP+1jhxymf8w

$100M Real Estate Development Boca Raton--Update

Very secretly and sneakily, on 1/2/25, the City of Boca Raton Zoning and Planning Board approved an amendment to Mutual of America's prior 2024 plans to build condos in Boca. Below is right from the City of Boca Raton's Website: "The Planning and... — read more 

Survey Question -Phones Lines Are Open -Vote NOW

What will be the company multiplier this year for incentive comp: 1.3 1.1 1.0 .8 .75 No incentive comp paid this year to rank and file. Only incentive comp will be paid to Executives and Board Members HIT REPLY / RESPONSE BY... — read more 

Fraud

Greedy Stevie Rich sent out a memo today saying Mutual of America is getting hammered by fraudsters. Admitted we didn't have top of the line security measures in place. I'm sure Lloyds of London and CHUBB were sweating the future $1M claims when the... — read more 

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| 1260 views | | 12 replies (last January 30, 2025)
Post ID: @OP+1jhrmtajd

YELP ! HELP !

This was recently posted publicly on YELP ! I thought Death Claims was getting better, but I guess not. These situations break my heart. These people in the greatest time of need deserve much better ! Where in the he-l did the Promises to Keep Go... — read more 

S&P Global Ratings--Negative-Update

UPDATE NEW YORK (S&P Global Ratings) July 29, 2024--S&P Global Ratings said today it revised its outlook on Mutual of America to negative from stable and affirmed its 'A' long-term issuer credit and financial strength ratings on the... — read more 

Better Business Bureau Reviews

Check out BBB. The last review BBB put up was posted on 2/4/24. Why ? BBB isn't living up to it's obligations to publicly post the complaints and reviews. Can someone reach out to BBB to find out why ?

Salesforce is Ki-ling Us

Marc Benioff is a con artist. He has conned companies into buying into the Salesforce Grape Kool Aid. MOA bought his schit to the tune of millions of dollars spent each year ? What has it gotten us ? Lost clients, poor customer service, and over 25... — read more 

Glassdoor Reviews

The Glassdoor Reviews average score is now down to a 3.0. Last year, Severin sent an email to all of his lackeys telling them that they had to leave a positive review. It's one thing for someone wanting to leave a review of their own volition. It's... — read more 

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