Thread regarding TIAA (TIAA-CREF) layoffs

@1df you realize 75-80% or more declined relocation right?

Denver and Jacksonville associates showed up in massive numbers very loud that either they didn’t want to relocate to that state, or for this company, or the offer received was too pathetically low compared to severance benefits they would receive.

Who would leave Colorado for Texas?! It’s Colorado! It’s amazing and beautiful and full of wonder. In comparison, Texas feels like the last hotdog on the roller at the gas station that has been sitting out for 20 hours.

@1df Like anyone with a brain wants to live in Frisco TX. Been there a few times but I never want to live there. To expensive and to boring.

great opportunity to leave the decaying city of Denver and move to a metro and state that actually has their stuff together! Let's go!

I left TIAA Denver on July 1st, declining relocation, and now my manager is subject to the hiring freeze and cannot replace me. Another snake move by the TIAA leadership.

lol

@ec you’re assuming that the company wants to replace said 600+ people.

I genuinely believe that our Tech overlord has convinced the EC/L3 leaders that mygAIt will be the ultimate panacea - saving TIAA.

We all know how this unfolds….

@ec it will have to be remote extensions. I don’t think the numbers will change much with more money to relocate. The offers were very low, but the weather, mortgage rates, culture, political climate are too big of a difference for a bit more money. For anyone in Denver who refinanced during COVID, their interest rate would double. That by itself negates any benefit for most people by itself.

Someone in Denver told me their date changed. That warn notice seems to prove they were not lying. Seems end dates are not as “final” as was told last year. This is going to be a nightmare for the companies worker bees in all sites not just Charlotte and Frisco.

I am sure the closer we get to March and July the more “extensions” will be offered to retain talent they can’t replace in Frisco. Some may even go remote and others in high level positions may even be offered a bigger and better relocation package to a site of their choosing.

I would not want to be in HR right now or in 2026 and beyond… they are going to have a difficult time replacing some 600+ people.

That is actually the bigger problem from what I’ve heard. They were expecting more people at higher levels to relocate to run the business. That didn’t work as they expected. If you don’t talk to your employees and make decisions in a vacuum this is what you get. Very unfortunate for everyone in Charlotte and Frisco, the workload is going to be absurd or something will fail.

@OP 20% accepted relo, a little under 100 staying at the client center. Going to be a tough go the rest of the way, especially the ‘26 waves.