Senior management just announced their decision to cancel many strategic and change the bank initiatives today. From the list, it looks significant. Should we all expect more layoffs coming down the line?
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I didn’t realize we had any strategic plans. Our senior mgmt doesn’t tell us sh- t about anything. I thought they were getting Martha’s Vineyard booked for the next internship party.
Revenue down, expenses up, WHY I wonder it really doesn’t take a rocket scientist. It s a simple formula when you can’t meet expenses try TRIMMING down on the MOST costly things like an ineffective useless incompetent LEADERSHIP team and their MILLIONS in comp packages.
Wake the eff up.
TIAA is in deep financial trouble. Most of the competent leaders jumped ship a long time ago or were let go due to insecurities from the new leadership team.
Selling the Bank just amplified the financial issues as TIAA has no products to offer clients. You think it’s bad now, just wait until there is a pullback in the markets. TIAA could easily go under.
If this happens, every current EC and Board member should be fined and thrown in jail. It is a shame what they have done to ruin TIAA.
Change the bank? What are you talking about? TIAA Bank? TIAA Bank has already been sold off?
Where is this list you speak of?