Thread regarding TIAA (TIAA-CREF) layoffs

Open Letter to the Board .................

To all the Board Members - since our new CEO and her leadership have taken over, there has been a shift from being customer focused to instagram famous; Key highlights of the illustrious EC team::

Marketing - Millions to multiple agencies; brand, brand..rebrand, the 'dress', a hollow campaign #retirementinequality that no one understands; multicultural marketing seems to be new hip team; Digital - Millions to hire an army of staff (designers, MD/SMD, researchers); only victory to date is a redesigned navigation bar and home page (I wonder how long it took fidelity /or vanguard to figure out there nav bar + account page); Technology - led by our StarWars Jedi who spent millions, millions hiring colleagues who are patent experts from Amex; the 'force' is guiding the his leaders to build guilds, toys/prototypes (that actually don't work); technology stack is still old; unreliable. #hackathons# are top priority

last but far from least our CEO -- $$ millions on rap/hip hop music, cars, jets, Essence Fest, Taste on the Vineyard, wardrobe, DJs; sole focus is to increase her brand, collect awards. Another great feat -- hiring leaders with no industry or financial services experience. Experience and industry knowledge is not a requirement under her watch. No accountability under her leadership. Just keep on spending, keep on spending $$

in closing, as Board Members, why are you allowing the CEO and her EC leaders to spend millions ($$) with no ROI, foster a toxic culture, and have no care they are spending the retirement money of teachers, doctors and their current + former employees.

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| 2892 views | | 13 replies (last August 12, 2024) | Reply
Post ID: @OP+1tzGJuWS

13 replies (most recent on top)

Anyone have the EC email addresses? Or a PO Box?

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Post ID: @pxxx+1tzGJuWS

Rather sad to see and hear about what seems to be happening with this once great company. I left several years ago when it seemed things really started to change with how associates were viewed and valued. Not to say previous leaders were perfect, but i always felt respected and that people really believed in the mission serving those who serve others. Only hope that the board or other influential people can get things back to their roots. I havent spoken to one single current employee who i know that feels good about how things are currently, and thats too bad.

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Post ID: @7mjm+1tzGJuWS

Every time I log into linkedin, I see members of the EC posting about something. It looks like each one of them spends more time online self promoting their own brand for when they eventually will need a new job.

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Post ID: @2csj+1tzGJuWS

At the current rate of mismanagement there will be no TIAA in 2 to 3 years. It is amazing how quickly completely incompetent leadership can destroy a company that weathered 100 years.

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Post ID: @1fmb+1tzGJuWS

Preach!

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Post ID: @fhe+1tzGJuWS

@mwd+1tzGJuWS

My thoughts exactly! If someone got the sh-tshow details out to competitors, industry reporters, the board, the institutional clients, and individual clients, it would be really bad.

But maybe every place is run like this and no one would care.

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Post ID: @ygq+1tzGJuWS

I believe board member emails are public. Let them know.

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Post ID: @pjs+1tzGJuWS

How do we get more attention on this. Like I wonder if worth being a whistle blower about this and exposing the miss treatment of retirement funds. Or just leaving a tip for fidelity to a smear campaign against TIAA and how they don’t have the participants In mind. The EX TIAA marketing people should go to fidelity and create a campaign against this place. They already have all the knowledge how to being them down.

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Post ID: @mwd+1tzGJuWS

Spot on. TIAA will be one of those epic fail stories who concentrated on the wrong things and more worries about DEI.

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Post ID: @dzc+1tzGJuWS

Phenomenal post.👏

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Post ID: @mdv+1tzGJuWS

Personally I love this thread OP but it may be a wasted effort. Doubt anyone on the board sees anything here.

The only people checking out this site are current, former, or prospective employees. Maybe a handful of internal folks trying to isolate who’s saying what about specific secretive projects since some or comments posts get taken down.

To the commenter who received severance you were lucky to be offered again and I’m sure many others hope for a similar way out especially if they are unable to find a job with some other company to maintain their sanity.

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Post ID: @gqu+1tzGJuWS

I love it- can’t we post this somewhere chronicle of higher Ed, wsj, anywhere?

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Post ID: @ebd+1tzGJuWS

Getting a package and leaving was the best thing that ever happened to me. I had regretted not taking the VSP in 2020 and when I was forced to reapply for my job, I happily declined! Extremely toxic culture in marketing, sacrificing years of overtime with no recognition while watching under-performers with the gift of gab getting promoted, constant re-orgs, work getting pushed down and no quality leadership, and everyone out for themselves is not worth it. They have great benefits but not worth the cost of your mental health and your personal sacrifice.
At peace with being off the sinking TIAAtanic!!!

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Post ID: @ucp+1tzGJuWS

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