Does anyone know if the company is in good standing? Are they laying off folks and no longer expanding? Seems they are in a standstill and lots of rumors for what is to come in Q2.
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Going through the same challenges/financial pressures that other financial companies are going through. Fidelity had layoffs last months as did others….
What is unique at TIAA is executive leaders have zero industry experience and zero leadership; their focus is building up their BRAND …
They still have not posted their 2023 annual report. It has never been this late. Not even close. Truly incompetent and disrespectful of their customers.
We are witnessing a dismantling of 100 year company! T and her EC leaders have destroyed the culture, have de-prioritized serving our customers and have suffocated innovation. None of the new leaders are being held accountable — e.g., website remains a disaster but this team continues to hire; product has not launched any innovative NON annuity product, fees are high; technology is old and constantly goes down…
The Board is enabling this behavior
Do you work for Fidelity or something?
approx 50 people (full time and contractors) were let go on 3/27
Layoffs in May
Per the annual report that was sent a few weeks ago, it doesn't look like they are doing well in some of areas. An email came out by recently about cutting expenses. Rumors that Record Keeping department will be Outsourced....who knows!