TIAA plans to lay off 31 employees in its Denver office starting on Dec. 1, according to a Worker Adjustment and Retraining Notification Act (WARN) filed in Colorado. This will mark the third round of layoffs this year.
The company is planning to leave its major Denver office building in 2026, according to the Denver Gazette.
"Last year, the firm notified workers it would relocate 1,000 workers from Denver to Frisco, Texas — where the company built a new 15-story corporate center next to the Dallas Cowboys headquarters and practice facility," the Gazette reported. The company is exiting Denver three years before its lease at 1670 Broadway expires in 2029.
TIAA cut 84 workers in April and 66 in August.
"In mid-2024, we informed our associates that we had made the difficult decision to reduce our Denver-area presence to only client-facing (including wealth management advisors) and data center operations roles in 2026," a TIAA spokesperson confirmed to ThinkAdvisor on Tuesday in an email. "Many affected associates were offered the opportunity to relocate to our Frisco, Texas office. For those who chose not to relocate, we aimed to provide as much advance notice as possible."
TIAA complies "with WARN Act filing requirements as part of this lengthy process," the spokesperson said.
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