Thread regarding TIAA (TIAA-CREF) layoffs

Shocking - promotions!

Wow!!! An email was sent out regarding the recent promotions within the organization. I'm guessing 500 promotions!!!! I've never seen anything like it. Hilarious and confusing at the same time. Make it make sense???

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| 1791 views | | 10 replies (last March 8, 2024) | Reply
Post ID: @OP+1rlUaA6M

10 replies (most recent on top)

Gosh, you all just make up stuff. Most title changes have never come with a salary change. This year isn't different. So the idea that the promotions took from the salary increase for others is bogus. There just wasn't a salary pool. Get over it.

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Post ID: @6kle+1rlUaA6M

Lots of promotions (even with a Sr or Mgr bump) got no salary change or VC change this year. Great year for them to give lots of promotions to act like they actually care about their employees without spending a penny.

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Post ID: @5ryw+1rlUaA6M

And yes of course in the list of how many ever promotions and recognitions there are real promotions and real compensation changes.

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Post ID: @3rhu+1rlUaA6M

It all depends on the change. They can(and often do) change title with absolutely zero change in salary or VC target.

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Post ID: @3tkl+1rlUaA6M

even if they don’t get a salary bump, put a Sr.in front of someone’s title and their bonus structure goes up.

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Post ID: @3ggo+1rlUaA6M

@2gzm+1rlUaA6M It might not in some cases, but I know multiple people on the list who received some very big increases.

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Post ID: @2syv+1rlUaA6M

Title bumps don’t change the salary

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Post ID: @2gzm+1rlUaA6M

You know those "recognitions" in the promotions and recognition announcements? Those are basically a pat on the head saying "nice job". No $ most of the time and certainly not a promotion. Just another senior management attempt to placate those below them. Sad what is happening.

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Post ID: @cyl+1rlUaA6M

That’s about 3% of the staff. Not so big looking at it that way.

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Post ID: @roc+1rlUaA6M

Yes tons of management promotions. Instead of hike they all released a nice salary bump. For the rest of us just an egg on our face.

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Post ID: @cpt+1rlUaA6M

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