Does anyone have any insight as to how many people are actually moving to Frisco from Denver?
I have a feeling my team and others will
be badly affected and TIAA will likely drag their feet with replacements if replacements even happen.
I wish I was getting a package like the Denverites. Lucky ducks.
@b3+1jqxr8gqr IDK man. Maybe they’ll left and took a step down on in level purpose because they just wanted out of here. Know several that did just that because it’s so toxic.
A lot of roles that I am applying to (and getting interviews for) with similar job functions and titles (some titles or functions are slightly different) are paying MORE than I am getting now. I’m sure their benefits are not as good as TIAAs like that one commenter said.
But while it looks promising, the grass isn’t always greener and if it is too green perhaps there is a lot of “fertilizer” or spray paint making it stay green during cold/hot extremes.
The down votes the TIAA outsider's industry view are from hurt feelings. That person is speaking the truth. I've heard it from recruiters and other financial services professionals from every company in Denver. Right or wrong, your employment at TIAA gives you a reputation of being over titled, over paid, entitled, out of touch with the real world of financial services and generally underskilled. Is it unfair? Maybe, but that's what it is. Take a look at the various MD, Sr Dir, Dir level folks that have left and see what their new titles are at their new employers - almost all took a big step down.
@ac+1jqxr8gqr The fact that others know it’s a running joke of a company makes it near impossible to get a job elsewhere in this market.
Consider two people of equal skillsets apply to Charles Schwab. One from Fidelity one from TIAA. Who gets the offer? Yeah I can hear you laughing.
This is the issue “Denverites” who do not move will face. Not only TIAA mass layoffs but others are expected similar cut backs layoffs and relocations this year and into 2027 as well.
Now tell me why someone should “grow you know what’s” and leave for another firm when they probably can’t and would prefer to keep a job - that can be done in a basement in Mexico as long as you have halfway decent internet service and doesn’t have to be in a office ever.
Move to a new state just to keep a job that can be done remotely, and has metrics proving it was very successful versus RTO for this company, just to go in 3 days a week? I don’t live in Denver but even I would say, “That’s a no for me dawg…”
Moving for any company these days is d-mb.
There is no loyalty and a company could cut you a week after you move.
If you wanna move to be in that area? Sure. But don’t move for the job.
Here is a view from outside of TIAA. Your company is a running joke at other firms. I know plenty of people at other financial firms that all agree TIAA has become a laughing stock in the industry.
Maybe the job market isn’t great right now, but it’s never a bad time to leave a company that is clearly dying. Take a package and don’t listen to those mediocre performers that would convince you not leave because it’s a “good” job. Take a risk. Grow some you know what. Live your life and leave this dumps-er fire.
@a7+1jqxr8gqr Um. You do realize that 95% of the Denver office workers don’t actually live in downtown Denver. Right? Heck 80% don’t even live in Denver city limits. The average commute for a Denver associate is similar to Charlotte and Frisco of around 30 minutes.
To say what you said is ignorant and disrespectful.
20% of Jax moved to Frisco or Charlotte. Idk where you heard 40%…
Bless your heart! …iykyk…
Considering tomorrow is the last day for folks to decide… No percentage is known yet. But you should know your team count next week I would say.
When I’m around folks in on the (empty and depressing) floors, the cafeteria, break-rooms and even bathrooms, I hear folks openly talking about their decision.
Based on that. My guess is around 10-15% to Frisco and 20-25% to Charlotte which was offered to probably 100 people out of maybe 600 people that were offered relocation post Accenture moves. Not everyone was offered relocation, many were just given job elimination dates.
Lastly. I would consider myself lucky to still have a job in this market with so much unknown both economically and politically. Some of us have been looking since August, some are waiting until the end. But TIAA pays pretty well compared to most companies jobs I see out there doing the same work, our bonus structure is very good also as well as a great benefits package, including the retirement plan and 401k match.
To say we are lucky ducks is honestly an insult and you are grossly misinformed about how hard this decision is for us Denverites - package or relocation it is the ultimate stressful situation for all of us. Moving states is hard. Moving on from a company and teams we didn’t want to leave but are forced to is also hard. Finding a new job will be extremely for many of us. Have a heart!
Wishing the best to those that are! It'll be an adjustment for sure, but Frisco/Dallas is a great place to live. Denver has turned into a he!! hole filled with homeless dr-ggies, out of control costs and all around d-mb policies.
I think they said 40% of Jacksonville associates moved to Frisco.
I don’t believe it.
If Denverites do move, they are in for a severe culture shock ahead of their layoffs in 2027 due to being overpaid for the market at a company that is already doing everything they can to cut employees while bleeding out.