TIAA to lay off 84 workers in downtown Denver ahead of office closure
More job cuts are expected at the firm’s Broomfield data center.
As financial services firm TIAA prepares to close its downtown Denver office next year, layoffs have begun.
TIAA will begin laying off 84 workers from its downtown office beginning July 1, according to a filing to state officials required by the Worker Adjustment and Retraining Notification Act (WARN).
More layoffs are also expected at their Broomfield Data Center, though the company did not say how many workers will be affected.
“Our footprint in Denver will be reduced only to those who are client-facing and our Broomfield Data Center will be reduced only to those roles that are critical to data center operation,” a company spokesperson told the Denver Gazette in an email.
Last August, 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.
It meant the company would leave three years before its lease at 1670 Broadway expires in 2029, as downtown continues to struggle with rising vacancies.
For workers who chose not to relocate, a company spokesperson said they are willing to help workers find new jobs outside TIAA.
TIAA stated at the time that the move was to create “substantial savings” in rent and operational costs to invest in other business needs.
The company said in its WARN letter on Tuesday that it plans to close down the downtown office in summer of 2026 and is looking for a smaller office “elsewhere in Denver.”
“A significant number of employees at that facility will be impacted, and the closure will be permanent,” the letter said.
TIAA also notified state officials it plans to downsize its Broomfield Data Center office at 11525 Main St. The layoffs at the Broomfield office were not included in this layoff round of 84 positions, the letter said, though there may be “multiple notices” in the future detailing the next rounds of job cuts.





