In this day and age, when there’s no job security whatsoever, I wouldn’t. I have to upset my whole life and the life of my family to relocate, then probably lose the job anyway soon afterward? I don’t think so. On the other hand, relocation strategy is often just another method of attrition. It’s really vile what companies come up with to mess with us.
17 replies (most recent on top)
@2clz+1tTLNjqO "I hope most of you don't relocate so we can hire some people who don't spend all their time whining on this message board instead of working."
Hmmmm, and how pray tell, is it that you're aware of the "whining". That is, if you're not on here your very self, wait for it.....wait for it......WHINING about our whining??????? Strange 🤔
Perhaps we should let your manager know that you spend all your time whining on this message board instead of working???
T, please come retrieve your lackey. Thanks.
Why do u keep saying they'll let u go after a year? They can let u go after a day if they wanted to. I hope most of you don't relocate so we can hire some people who don't spend all their time whining on this message board instead of working.
The only way I would consider it is if the move brings me closer to my immediate family (parents, siblings, etc)
No way I uproot my family with how finicky companies are these days with layoffs.
I have zero desire to relocate. It doesn’t matter if it’s domestically in Frisco, NYC, Chicago, and Charlotte, or internationally in London or Pune. It has nothing to do with the cities (I’ve been to all except Pune and they are beautiful cities with diverse people), politics, finances, climate/weather, or any other reasons people comment on here.
It has everything to do with our pathetic leadership and their complete disregard and utter ignorance to the fact that at least 90%, if not more, associates our once great company proved beyond a shadow of a doubt that we can work from the comfort of our own homes and collaborate just fine.
In fact sometimes it was even better than when in the office. The 3 days many times differ and folks needed to collaborate are remote that day - not to mention differing time zones making collaboration easier when remote than commuting to an office where we sit in our rented cubes isolated every day.
Relocation is tough under any circumstance. The only time it makes sense (In my opinion) is when it advances your career in a strong and growing company that has made some sort of commitment to you and your career path. That's the only time it warrants uprooting kids from school, a spouse's job, etc. etc. I would not recommend relocating just to hold onto a job at a company known for frequent layoffs, reorgs and other actions that belie an indifference to the life and careers of their actual employees. They are moving things from Denver to Texas because it reduces their costs. In the next few years, if they could save millions in costs by moving jobs from Texas to Pune, India, does anyone think they'd hesitate? Does anyone think they'd consider how many people uprooted their lives to follow the company to Texas? I don't. I would use NOW as an opportunity to find an employer who aligns with your values and is on solid ground both operationally and strategically. TIAA is in a spot from which they may not recover. The whistleblower complaint that alleges self-dealing with the Morningstar software and the Traditional and Real Estate annuities is potentially bad. There are class action lawsuits regarding this issue as well as the Wealth Management issue that led to the $97 million settlement. There is a class action regarding the Covid Vax layoffs. These are just the legal troubles. Then you have the issue of business growth. Where is that growth going to come from? University plans? Universities are shrinking staff and many poorly funded colleges are closing up. Fidelity and Vanguard aren't going away. Younger professors want low-cost liquid funds and are less enamored with annuities. Everyone is different, but all things being equal I'd rather work somewhere with less crisis at the top. A company that has major crises on multiple fronts is simply not in a position to worry about the employees well being, work-life balance or job satisfaction. Just my opinion.
Frisco in isolation I’m sure is fine. Most people can move anywhere and figure it out. If you are younger and don’t love Colorado then it may make sense. But when you look at the political, cultural, climate, losing your low mortgage rate, and the list goes on and on, I can’t find one reason the vast majority of people would move. It’s not like Denver is a tiny area with no job prospects.
Looking at the below posts, it seems like TIAA was not transparent in the product of Frisco that they were selling us when they sent that 50 page relocation guide out. It’s like they geared the product to be beneficial for them at the cost of us.
Where have else have we seen this lack of transparency in selling a product lately? I’m certain I just read something else recently… hmm, I wonder what it could be.
Ummmmm
https://realestate.usnews.com/places/rankings/best-places-to-live
https://www.cnbc.com/2024/06/30/best-cities-to-live-in-the-us-eiu-global-liveability-index.html
I see CO Speings, Boulder CO, Charlotte NC… Denver CO, other cities in CO and NC. Where is Texas?
Oh here they are. Oh wait no Frisco…
https://www.businessinsider.com/map-of-united-states-best-places-to-live-florida-colorado-2024-5?amp
Frisco may be “ok” but…
https://www.wfaa.com/article/money/texas-moving-move-ranking-states-list/287-ed43ffe9-de3b-41f1-a31d-b5c0e85b1bd5
“In education, where Texas ranked 51st out of 51 states, ConsumerAffairs considered what percentage of people are uninsured, overall quality of care according to the National Healthcare Quality and Disparities Report and high school graduation rates.
Texas also had weak scores in economy and safety rankings.”
I dont have a dog in the hunt but do your homework...Frisco Tx rated #1 place to live in 2018 in America and regularly ranks 1st in many categories including safety and quality of life. Schools are essentially like private schools. Again, just saw the news today about TIAA and looking at this board for reaction. They arent moving to Lubbock.
I would NOT ad there is high risk of being kicked out post 1 year.
I don't care how big Texas is, I don't want live in the same state as the Toxic Tyrant.
Relocate to Texas? Why would I uproot my family’s life to go to that backward state? If anyone has a low mortgage interest rate, they are most likely taking a pay cut by relocating to Texas. Good luck with the 110 degree summer days and cold winters with power outages. If you have kids, good luck with the sub par education system. But there is some good brisket and the Dallas Cowboys practice near the building. No thanks! I choose to live my life without swamp butt for 10 months of the year.
Op and @xzt+1tTLNjqO 100% agree with you both. Uproot my family to a new state with so much unknown versus a place we’ve come to love for years? That’s a big fat NOPE!
Also, I think you’re right the relocated folks will cross train (maybe) and laid off within a year in favor of the “young” and “fresh” pool of talent there that they talked about and salivated over on the call.
What?
In a world where we proved for 2+ years 90% of the company can work from home remotely - I for one wouldn’t move if they tripled my salary! Especially to a backwards state like Texas only to be laid off a month after moving there like what happened in Charlotte when that facility was built and being staffed.
For most in Denver and Jacksonville it is severance or bust, but all should be updating resumes and posting for jobs elsewhere, just in case.
Relo is definitely an attrition strategy. I’m sure TIAA hopes that the majority of associates DON’T take it because it’ll be cheaper in the long run to pay a severance package and hire at a lower rate in TX. Yes, the severance package is nice (and TIAA didn’t have to provide it). It it’s not as altruistic as some would have you believe.