TIAA has informed the state it is laying off 59 employees in Jacksonville.
The layoffs are the result of the bank’s outsourcing its mortgage service operation to a third-party vendor.
But TIAA Bank said the vendor has offered employment to the majority of affected employees.
“The first separation is expected to take place within a fourteen-day period beginning on March 1, 2021,” wrote TIAA Bank Human Resources Executive Vice President Amy Wagner in the letter to Florida’s Reemployment and Emergency Assistance Coordination Team (REACT).
Wagner said the outsourcing was announced internally in October.
List Of TIAA Bank Jobs Being Eliminated
Credit TIAA Bank / Via State of Florida
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Via State of Florida
Bill Bortzfield can be reached at bbortzfield@wjct.org or on Twitter at @BortzInJax.
