TIAA Bank is making another round of layoffs in Jacksonville.
Jacksonville-based TIAA Bank informed State Trade and Rapid Response Coordinator Steven Gustafson that 21 additional workers are being let go due to the permanent closure of its lending subsidiary Elite Lender Services at 301 W. Bay Street.
In April, TIAA Bank announced it was laying off 90 Jacksonville employees, and in January the bank told the state it was cutting 59 positions.
“Due to changes in business needs associated with the transition of home lending operations to PNC National Bank, we now write to inform you that the schedule of associate separation dates has been modified for certain roles," TIAA Bank’s Amy Wagner wrote in a July 2 letter.
The latest layoffs are expected to be staggered, starting in August and running through December, according to the Worker Adjustment and Retraining Notification Act notice filed with the state.
WJCT News partner the Jacksonville Daily Record reported that TIAA Bank said in October 2020 that it had 1,431 employees in Jacksonville.
Bill Bortzfield can be reached at bbortzfield@wjct.org or on Twitter at @BortzInJax.
