Thread regarding Mutual of America Life layoffs

It’s all on the table for profitability to avoid layoffs

Office Rent field staff work from home save $10m per annum Close 30 region office spaces
Investment Advice 401k/403b accounts. charge 50 bps. Raise $15m per annum
Surrender\mva Implement raise $10m per yr
CIT switch to CIT in K plans. Save $10m annually
IT/call center farm out 75% to India, Phllipines, and Romania savings of $15m
early retirement buyouts save $10m
eliminate special 3 yr vesting shares for execs cost savings $10M
can field exec vp $1m saved
senior vp & above comp cut to save $5m per An-us
Eliminate anthem&cvs racketeering save $10m per an-us
cap management sell/farm out use seeking alpha, chaiken alalytics, and AI Quant exclusively to save $10 m per pen-is
1 ply toilet paper* use 1 ply toilet paper to save $12,500 per yr

do all of this sch-it and the comp-any will turn key profit yr after yr. what are u eating for.


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| 1071 views | | 7 replies (last October 31) | Reply
Post ID: @OP+1k6rzqtzr

7 replies (most recent on top)

@ep comp&NY is still in stone ages. 75%!withdrawals still done by paper. Wrought with potential fraud . Its scary.lack proper controls. Somone needs to be fired

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Post ID: @3za+1k6rzqtzr

Company is overrun by frausters stealing millions. Security lax

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Post ID: @3z9+1k6rzqtzr

Outsource HR to save millions and can all DEI so best candidates are hired.

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Post ID: @n9+1k6rzqtzr

@ep by canning the guy in Boca that oversee s that area, and w/the salary savings, hire someone who can get results instead of bullying people around

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Post ID: @ew+1k6rzqtzr

@dq We can barely update the website and that's only text and pictures. How are we going to automate withdrawals?

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Post ID: @ep+1k6rzqtzr

@dq stadium suites $2.5m. Eliminate wasteful client entertainment & boondoggles
CPA & Corp Donations $5M. wasteful spend. never got clients in my state from this Bullsch*t. Cut this.

whatelse ?

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Post ID: @ef+1k6rzqtzr

Hey Smith. U are forgetting a couple. Half of all sales reps/group accounts reps have hardly sold anything the past two years. The company holds on the weaklinks/deadwoods far too long. Paying them $80K+ a yr for doing absolutely Jack SchXt. Its BS. Gotta automate withdrwals 100%. Still way too much fraud risk using paper. Sht anyone can submit a forged form. That's bs. Save $10,000,000 per year getting rid of fuc*king paper.

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Post ID: @dq+1k6rzqtzr

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