TIAA

RANK79

Revenues for the financial services provider reached $ 41.6 billion in 2020, up almost 3% from the year prior. Amid the coronavirus pandemic, TIAA offered a voluntary buyout to 75% of its 16,500 employees worldwide; in July 2020, the company reported that the offer resulted in a 10% reduction in its workforce. Then–president and CEO Roger Ferguson Jr. said that TIAA would not lay off any employees for the remainder of 2020 or in 2021. Meanwhile, the company has broken new ground in diversity and culture: This May, Thasunda Brown Duckett succeeded Ferguson as CEO, marking TIAA as the first Fortune 500 company in history to have two Black chief executives in a row.