TIAA Cutting Salaries for Marketing New Hires

I am a former TIAA employee. I was laid off when Mickey made her 1st big reorg to the Marketing organization in 2023. Two weeks ago,I saw a Director (8IC) position posted for Marketing and applied. Today I had a phone screen with a recruiter.

The recruiter immediately asked if I saw the salary listed and I indicated “yes”. The listed salary was Base Pay Range: $99,400/yr. - $160,000/yr. She then asked for my expected range which was above the posted range; I stated $165,000 - $175,000 (general range for Directors at most FinServ companies.

She then went on to say that the top pay for the role was $140,000, which is BELOW what I made when I was a Director previously. She then tried to give me a song and dance about IC vs. people leader salaries. I had to remind her that I used to work there as a Director IC and made more.

I withdrew my application. I had to share because, the mere fact that they are trying to pay folks less than true market value is obscene.

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That’s outrageous! A good friend of mine works in the fraud and scam detection department and they all just got band bumps and raises and VC bumps just because.

They are reducing salaries for all new hires. I have seen a few Director level positions listed as 8IC and much lower salaries than the previous role.

Not sure if it’s different between departments but an 8IC is usually a Manager level, not a Director.

Existing Marketing employees have also had their VC targets lowered this year as a part of “harmonization”. One colleague joined this year and within 3 months had their target lowered by 10%, a target they were just given in an offer months prior. Doubtful any Marketing execs, also known as Micky’s puppets, have had any decreases in comp.

Nobody in marketing deserves to make any of the figures mentioned with all the woke BS they turn out.

did you work here really? every posting I ever had here they always offer in the middle so you can work up to the max... knowing what you have there I am going to apply for it XD!

In 2 years you’ll be lucky to have a job.

Any job

Thread regarding TIAA (TIAA-CREF) layoffs

TIAA Cutting Salaries for Marketing New Hires

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