TIAA Offers Voluntary Separation To 75% of US Employees

May 12, 2020

TIAA, which acquired Jacksonville-based EverBank Financial Corp. three years ago, is offering voluntary separation packages to 75% of its U.S. employees.

However, the financial services company is not saying how many jobs it expects to cut. It also is not giving details on what offices or business units will be impacted by the cutbacks.

The company moved the headquarters of TIAA Bank to Jacksonville after it acquired EverBank in June 2017, and the bank employed 1,117 people in Jacksonville at the end of 2018.

Read this full story on The Jacksonville Daily Record.