Thread regarding TIAA (TIAA-CREF) layoffs

I'm outtie soon.

I'm waiting for the annual report to come out, which it still has not. in light of the big jump in traditional payout, the massive loss of staff in the voluntary severance exodus and the upward trend in surplus notes, I'd like to get a feel for how the actual, underlying business is doing.

Any id--t can run a company for 5-10 years when all the failures and waste have been financed out past their exit date. We just saw that. I wanna see what kind of bag Roger & Glenn left for Thasundra to hold.

Unfortunately, they never include any frank discussion of business performance or annual results. They say they are an "open book", but really they just do the minimal data dump of raw info. They never tell customers or employees the real situation. And the credit rating agencies only rate their claims paying ability.

They don't care about efficiency, excellent service or humane treatment of employees. I'm outtie soon.

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| 2351 views | | 4 replies (last July 5, 2022) | Reply
Post ID: @OP+1fUzTgW7

4 replies (most recent on top)

Folks; time to wake up before its
too late. Management doesn't have a clue how to treat good quality employees. "Mandatory Overtime" indeed. We worked at our desk during lunch because they laid off too many employees. OT was fine except when a week with a Holiday came around; (hint: they didn't HAVE to pay OT because we didn't physically work 40 Hrs.
...we still had Mandatory OT, just didn't get paid for it. SUCKERS!!!

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Post ID: @1Fgxb+1fUzTgW7

Face: “Some company report” just showed a 4 billion dollar decrease in annuity premium contributed and a 7 billion dollar decrease in additions to reserves. But hey, it’s just “some company report”, right? After a CEO and CFO leave a struggling company, expect to see terrible numbers in operational metrics that can’t be fudged and accounting gimmicks in areas where things CAN be fudged to hide them. Those 6 billion in surplus notes are an anchor on the necks of every participant and non management employee. The social Justice marketing is just a distraction from the corporate financial issues they are actually paid to address.

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Post ID: @bscq+1fUzTgW7

The only thing keeping TIAA afloat is the massive “installed base” of TIAA traditional general account. New business that actually makes money is nowhere to be found. Too busy getting woke to run an actual business

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Post ID: @blci+1fUzTgW7

Why are you stressing over some company report? Just leave and move on.

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Post ID: @1ktx+1fUzTgW7

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