Thread regarding TIAA (TIAA-CREF) layoffs

Your value to the company has been defined and the definition does not include value

Now hearing this layoff/reallocation of employees will impact Denver, Charlotte, New Jersey, where most employees will become contract workers for Accenture. As the poster above mentioned, there will be 2 options for this group, take the job with the potential of layoff within first 12 months (Accenture is set to layoff several hundred employees) or refuse and get nothing = being fired not laid off.

Impact looks to be IT and record keeping related positions. This would be new news to the Denver folks who have only been told their office is closing and jobs are either eliminated or moved to Frisco. This additional piece that removes any option or severance from the employees will come as a shock to many.

Good luck to all…. your value to the company has been defined and the definition does not include value.

Bumping this post up for visibility. Source: @3feh+1u6k7RRk.

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| 1861 views | | 3 replies (last August 25, 2024) | Reply
Post ID: @OP+1uaPDzbc

3 replies (most recent on top)

So, all of IT basically? Wtf. Thought this was record keeping only.

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Post ID: @1iwj+1uaPDzbc

This is what VG did few years ago and outsourced it to Infosys. When is this news coming out, assuming before the September town hall.

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Post ID: @orb+1uaPDzbc

Whatever. At this point nothing matters. Id--ts have dragged this thing so long that most people have made their peace with it.
Do bare minimum and keep getting paid as long as you can.

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Post ID: @qmv+1uaPDzbc

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