Thread regarding TIAA (TIAA-CREF) layoffs

All true....need to conduct business and take care of customers without the glitz and glam of trying to paint TIAA as a se-y company. Paying retirement benefits isn't se-y its fundamental.

“This approach is flawed on multiple levels. First, when institutions conflate racial and gender diversity metrics with diversity of thought in their organizations, they implicitly reinforce the incorrect assumption that genetic characteristics predict something important about the way that a person thinks—the most fundamental assumption underlying racism itself. Second, this approach empowers entrenched managers to create the visible appearance of diversity in their organizations while avoiding the need to engage with true diversity of thought, including challenges to their incumbency. Third, when a narrow conception of diversity is implemented through affirmative action or other quota-based systems, that fuels racism and s-xism by fostering tokenism in the workplace and animus among communities that fail to benefit from these programs.“

• Woke, Inc.: Inside Corporate America's Social Justice Scam

This company has lost its way. The decline started during Roger's last few years, but T has hit the accelerator on ruining this place. She and her team of DEI picked executives don't understand TIAA, don't understand the retirement business and don't care about anything other than pocketing 8 figure paydays while getting publicity for their next job. The old leaders of the past that built TIAA into a unique and good place must be sick to their stomachs if they are watching any of this. TIAA Traditional and its locked up money is the only thing keeping this ship that is taking on water from sinking.

There’s an open position on workday titled assistant to the office of the ceo. T is looking for an assistant. One of the requirements is to monitor social media channels lol

Re: RTO I think they would be happy to have people leave over it…less severance to pay vs layoffs. TIAAs buildings and campuses are “assets” the workers are “liabilities”. They aren’t going to sacrifice their assets for their liabilities. Not after all the money they’ve spent remodeling (and adding 100 lockers on every floor that nobody uses vs enough actual desks). Nothing reinforced this more than seeing the mock ups of the new Frisco building. Do you think they spending that $$ to let folks WFH? So now if you take 1 week pto you will be expected in the office…everyday…for the rest of the month.

Why has leadership been so ambiguous regarding the return to office policy? Originally it was 2-4 days. So people started showing up 2 days. Then it was 3 days with the avg being 2.4 to account for pto and holidays. Now that’s changing to 3 days no matter pto or holidays. If you take pto or holidays, they want you to go into the office 4-5 days a week to bring your average up. Why can’t they just create an online system that disregards pto and holidays into your avg? They need to rip off the bandaid and clearly let everyone know the policies. Create an incentive or penalty for not adhering to the policy. Let us know if it’s a 3 strikes/warning and your out policy or whatever system they have. Give us transparency into everyone at the company. Allow everyone access to the dashboards. I’d like the option to see leaderships in office attendance. They’re too scared to bite too hard bcz they know people will leave. Now that the job market and economy is starting to slow down, companies are starting to take back control. Wouldn’t be surprised if we ended up pushing the avg to 3.5 days around this time next year. I’d prefer if they went by hours in the office instead of days in the office. This accommodates for people with longer commutes. People will spend more time in busy long commutes than getting real work done. 2 full days (16 total hours) is valued less than someone going into office 3 days but only staying 2 hours each day (6 total hours). It’s illogical. Also someone brought up DEI and ESG. Workday is now giving us training on DEI lol. Going into the office 3 days a week is going to increase our carbon footprint and hurt the environment.

I am a member of a minority group within the organization and I am SICK of the DEI articles and photo shoots that I see instead of real change that helps our clients and company. People have been let go (talented minorities, since that matters so much). If she would stop trying to be Beyonce and start running the business like she was hired to do maybe we wouldn't be losing so much talent. The lackluster acting performance in the Town Hall of her losing her brother and fake emotions is what drove me over the edge. I am not insensitive but if you are going to be vulnerable don't conjure the tears. Let it fall where it may or simply don't share if you have to fake emotion. This place is exhausting lately, thanks for letting me rant.

If the top publications gave the list of the worst CEOs, T, would be at the top of the list. The only time that you hear from T is with non-relevant posts on LinkedIn that have nothing to do about TIAA. Then there is the wasteful spending with "business trips & office visits" overseas when she is rarely visible in US offices. Then there is the high priced offsites in luxury hotels at vacation destinations, "college recruiting" events in Martha's Vineyard, and expensive CEO office renovations.

The top executive leaders that T has hired have been weak with no relevant background in financial services. Financials have gone downhill under her tenure. Our product strategy is non-existent, and our marketing strategy and execution has been horrendous. The top mid-level leaders are all jumping ship left and right and employee morale is at the lowest levels recorded. Then HR announced a layoff with seemingly no planning related to the announcement.

At some point, a governance body will need to step in due to the mismanagement that is happening at TIAA.

Does she still work here? You never hear or see her, except in magazine articles.

Taking printer paper?

She’s a diversity hire plain and simple. She’s doing what the board wants her to do. Get out there and talk about being a black female ceo.

You know, I had been thinking the same thing recently but never articulated it to anyone but my husband. Not coming to all hands meetings a few times in a row but sure is traveling here and there. Spending more time on DEI than customer focus. Interesting times indeed

It’s not just Thasunda but she’s the worst of them. Self-aggrandizing frauds who don’t care about people so long as their 8 figure salaries hit the bank.

Shame shame shame T worst leader ever !!!!!!!!
Busy taking pictures and fake stories about purpose !

It isn’t political. It was just a statement of facts. There are pictures out there that back up those statements.

Given that asking for votes (and discussing politics) is not allowed here, my two cents, the post was probably deleted by some trigger-happy site moderator due to a word "democrat" in it. Here is hoping that the moderator's reading comprehension has improved overnight, so that the repost could stay intact.

It’s ok. We can just write it again. I remember during COVID when Thashunda and the other executives were telling us to wear masks and get vaccinated while they were partying maskless at high profile democrat fundraisers….and they obviously weren’t social distancing. She’s a hypocrite, and a terrible leader. Such a shame.

Guess mods/someone didn’t like the comment pointing out CEO’s ‘rules for thee, but not for me’ mentality. Cope more.

She renovated her office 10 x what roger had … fancy sushi for meal from tiaa budget … taking printing paper home … she is not fit for tiaa she need be fired !!!!

The most recent financials show a year over year drop in assets of 2 Billion and they still haven’t paid down any of the 6 Billion in surplus notes they started floating years ago. Pretty soon the ratings agencies will wake up and see they are borrowing funds to pay participants their additional amounts on TIAA traditional.