JULY 6, 2021 — 21 MORE TIAA LAYOFFS IN JACKSONVILLE, FLORIDA
The bank has filed another notice with the State of Florida announcing the closure of its Elite Lender Services subsidiary which provides title insurance and related services to customers. The closure will affect an additional 21 employees.
JUNE 2, 2021 — 48 MORE TIAA LAYOFFS IN JACKSONVILLE, FLORIDA
The bank has filed another notice with the State of Florida announcing an additional 48 layoffs in its Jacksonville office commencing on August 2, 2021. This is the third notice issued within the last six months.
MAY 7, 2021 — Original post…
Jacksonville, Florida-based TIAA Bank, a diversified financial services institution offering banking, mortgages, and investing services, has announced that it will be permanently closing its home lending business unit and laying off approximately 90 employees commencing July 1, 2021. Approximately 200 additional employees will be offered positions at Pittsburgh, Pennsylvania-based PNC National Bank's mortgage servicing operations in Jacksonville, Florida.
It appears that the decision to leave the retail home lending business unit was part of the bank's reorganization plan to focus on originating mortgage loans primarily through the bank's internet platform and other third-party correspondent channels.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?