I have never had a lot of confidence in our leadership but M and S bragging about how their use AI...Let's just say it'd be a lot more cost effective to just get rid of the EC than any of us.
Employees who are not relocating.
Will Denver employees be offered severance packages if they choose to not relocate to Texas?
Private Asset Management Exodus
Private Asset Management (PAM) just had three senior PM departures… all CFAs… in the last week. PAM hasn’t hired a new CFA in the last year- I guess the “subscribe or die” wasn’t a good idea from the RDs. The role is turning into a relationship... — read more
Make it make sense
Sweet! More time to color like we’re in corporate kindergarten. 😒 Can they fire whoever keeps putting out the coloring sheets in CLT? It’s insulting when we haven’t had raises in years but hey here’s some coloring sheets and crochet... — read more
Walk you before your two weeks is up?
How often does the company walk you before your two weeks is up?
RTO plans?
3, 4 or 5 days in office?
Remember when "culture" meant actual benefits?
Now it’s a pizza party masking stagnant wages. The free snacks taste like distraction.
Frequent layoffs is the numero uno tell-tale sign of incompetent management
This has been true for all companies throughout history, not just TIAA recently. Good managers know the value of optimizing a stable headcount for both current and future operations. They also know how to achieve it. Low-caliber executives don't... — read more
Mid year reviews
Any chance there will be significant amount of layoffs/pressure for people who are “underperforming “?
Yet another class action lawsuit
Did anyone else receive notice of the Wojan v. TIAA class action regarding wage theft for FSCs between 2018 and 2024? Orange County, FL case 2025-CA-003720-0 for those inclined to Google it. I’ll be happy to add that four figure settlement amount to... — read more
Severance questions
This goes out to anyone receiving a severance or who has received one and is no longer here. Some of us were told about a month ago that we have to decide if we want to take severance or relocate to another office out of state. We were given a June... — read more
MygAIt usaged being monitored…
And TIAA wants us to use it regularly as “we” have invested a lot of money in the technology. Sounds to me that they want to use our usage to train the model and put us all out of jobs.
Nuveen layoffs in February
Hi all, In February I was let go from nuveen for unknown reasons. Had good performance reviews and nothing negative. I heard there was an article on the intranet with some details. Does anyone have any insight? Btw, I'm at a much better firm now — read more
There’s nothing ahead but more cuts
Do you really believe this leadership can make us competitive? Or, God forbid, come up with a strategy and ideas that would make us solid for the foreseeable future? The writing has been on the wall for a long time. The only lesson from all the... — read more
Transferring internally to a different team
Has anyone done this? Or know anyone that has transferred to a different team? Looking to pivot to a different role within the company, but a bit hesitant about doing so. Not sure if this would put a target in my back when the next round of layoffs... — read more
Fidelity, Voya, and Empower Taking Over
More client losses and job cuts for TIAA. The only thing go for us is the TIAA Traditonal restriction. If there were no surrenders or timing restrictions on that fund, our ratings would tank in a NYC minute.
Engagement Survey Results
Look at that - “recognition” and “pay and performance” dropped 7 points - who’d have thunk it. What doesn’t get called out is the senior leadership items. “Senior Leader Trust” is down 8 points since the full survey in March 2023 and is well below... — read more
Accenture
What is the latest about the partnership with Accenture ? The good, the bad, and the ugly ? How many job losses and how much are the synergies costing TIAA ?
Quitting
Is 2 weeks required? Thinking about quitting after bonuses next year, or end of this year. Would I need to give 2 weeks notice? Does HR conduct exit interviews? Has anyone been offered even more money to stay?
Yet Another (Unofficial) Hiring Freeze
Leadership is questioning the need for all the open positions, so good luck getting headcount anytime soon.
First Quarter Result
Net income negative $407,362,484.00 Capital & Surplus down $551 million. On a positive note: The New York Liberty defeated The Washington Mystics 86-78 in WNBA action.
TIAA is going BKWD…
This company is going backward not forward. Not paying associates fairly, no raises in 3+ years for most, forcing RTO at the expense of talented tenured associates yet promoting AI and other technologies that people have experience with in other... — read more
Does TIAA do exit interviews?
And if so, would you be honest or say nothing not to burn any bridges? I'm tempted to just be completely honest, but I know it's risky.
"Culture" of no raises UNLESS you're EC
I am a manager of a sizeable team and an associate came into my office yesterday in tears. She is having trouble making ends meet -- her rent has gone up 15% over the past 3 years, day care is increasingly unaffordable AND her salary has been flat... — read more
CAO testifying today in Diddy trial
Derek Ferguson is scheduled to testify today in Diddy trial in New York. This should be very interesting testimony. He managed Diddy’s company and personal finances so he has to have a ton of information.
Got notice recently
I work in a very small niche part of the company. Very client facing, including many of the largest institutions. Also our work affects thousands of plan participants directly. They decided to shutter the unit, with virtually no time to transition... — read more
TEMU CEO buys part of WNBA franchise?
Must be nice. Very on brand. I doubt she’ll make any money from that, but maybe it will be a good tax write off.
More Layoffs
https://denvergazette.com/news/business/tiaa-to-lay-off-84-workers-in-downtown-denver-ahead-of-office-closure/article_753e3bc2-375b-4eb5-85c5-efda1ab7e73b.amp.html
Why is the tech and the software programs so awful here?
I can’t understand why TIAA is so worried about being the leader or AI in the industry and spending a lot of money on it when the basic programs that we use are down right awful. The new gen cloud is worse than the version we had before. Everyday... — read more
The Company Culture is Depression
We care about your mental health but you better get that A-s in a seat to be on zoom for 3 days a week. Aren’t you excited about Frisco? You get to deal with the fallout from Denver, picking up the slack, and force-hiring lesser talent in Texas at... — read more
Any idea why CIO of Nuveen was fired a week ago?
The CIO of Nuveen was abruptly replaced without any explanation. Any idea what happened?
Couple years no raises
Couple years with no raise. What y’all doing to make ends meet?
gAItway to he-l
just when I didn't think this place could get more mediocre, we're forcing AI down peoples throats. Sorry to nuveen and everyone who supports anything remotely environmental or educational...saving a buck and brain cell is more important!
TIAA culture summed up in one quote
Noting drains a high performer faster than realizing their reward for excellence is cleaning up someone else's incompetence. If you know you know
Concerns about the RA/GRA?
Given the general employee negativity and likely eroding revenue, would it make sense to start taking income earlier to at least get something? Can’t imagine TIAA being in better shape 10-20 years from now…. Curious what you guys think.
There is no future here
But before the ship sinks, leadership’s already pointing fingers at everyone below them. Feels like we’re just here to take the fall for their bad calls. What’s the point anymore? Classic corporate playbook: sc--w up majorly, then act like it’s our... — read more
4 weeks notice
I have an offer for another company. But apparently I have to give a 4 week notice. How ridged is TIAA on this?
The culture is irreparable
The rot is so deeply engrained in all aspects of the culture and at every level, it will never be fixed. TIAA is dying a slow death. The only question is who buys the corpse before it totally decays. The company was built on a mindset of a... — read more
I have an offer, is it as bad as this board suggests?
I have an offer for a leader role in the technology space. Its interesting work based out of the Dallas area. Is TIAA as bad as this board suggests? Everyone I have interviewed with has been fantastic with a long tenure. Thoughts?