Does anybody know what's going on?
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Hi! I'm a reporter for the San Antonio Report, my name is Jasper. We're covering the layoffs. If anyone is interested in talking more about their experience, even off the record, please reach me at jasper@sareport.org.
You can see some of my other work here: https://sanantonioreport.org/author/jasper-sundeen/
Absolutely no pressure either way, I know these are hard times. I wish everyone the best of luck.
@f3 as a 26 year employee, I’ll gladly take my 52 weeks of severance (along with the 60 days pay), and the holiday bonus.
@fa haven’t heard of any today and the day is pretty much over at this point.
@f8 There were many layoffs yesterday and heard will continue today, maybe into tomorrow. Really sad.
Did somebody get laid off today? Or is it over, at least for now? The writing is on the wall that more layoffs are to come, but we can save that for another day. Do we have a breather for now?
@e6 probably why you're gonna get laid off. usaa has flexibility but to just take off to take a meeting elsewhere when you're expected to be in is absolute r3t@rd maxxing
So are the people who were laid off this week still eligible for a pro-rated annual bonus, or was this timed to cut them out of the performance bonus entirely?
Also curious what groups got impacted. Last time it was compliance literally days before audit.. was flod or slod? I saw dans name.
I know audit is overstaffed still because Jeff needs to make more money and shrink audit even more. (He double his salary from 2 to 4mill after cutting a bunch)
Some who got the meeting invite yesterday did not join their respective calls and they did not get fired. They were directly told by their managers and then left.
@d8 what d-mb sh_t is this? I’ve left office many times to take meetings from home. Plus, you aren’t supposed to know it’s a layoff call until you get on the call.
Some EMG and managers are plain stupid rude. They just boss around even though they have the slightest of talent and knowledge on the systems processes technology etc. They just expect out of the box answers for everything. Make you put out tons of decks and status updates and then just keep following up on updates without reading through what was already shared. And then come back and talk about avoiding duplication of work and give lectures how we need to be efficient. This place has gone down the drain with just stupid irresponsible rude management and its just getting worse.
@d8 they can’t fire you for leaving office and taking a meeting elsewhere.
@ca this is the most d-mb shtt you could possibly do during a layoff. Would turn your layoff into a firing without severance.
Why were "Agile" roles targeted if that was the case. It doesn't make sense.
@bw I'm glad someone shares with me what how absurd and absolutely offensive that meeting was. "Hey, all your coworkers got laid off, but you gotta just soldier on without any clear directive"
@bm if you’re in office and get a meeting planner that says “Quick sync”get up and leave, take the call from your car or at home, do not let them walk you out.
@bh True. I know of manager, director, lead, and even higher-level promotions that were pretty sketchy. If HR were to review those decisions, compare the qualifications of others on the team, and ask the leaders, "What exactly was the process used to justify these promotions?", they might end up laying off a few more leaders. I hate seeing people lose their jobs, but this sham of a process, driven by favoritism and self-interest, is sickening.
@bm Definitely go. But if you see a meeting pop up with someone sketchy, get up from your desk, find somewhere private, or leave the office and take the call there. Don't get your a-s escorted out.
@bw roundtree and milner??
Of course layoffs are always difficult and unfortunately common in our world today, but having to listen M*nk talk out of his a-s for 20 minutes afterwards was a complete bizarre mess. Immediately starts off by telling us they’ll be bringing new people in, then tells us we’re stronger and better off now as a team after the layoffs to then then telling us we’ll need to completely re-invent and change the way we work and communicate. Obvious af Dan and Joe are just trying to get all their buddies fat paychecks at the expense of everyone that build this company. Absolute clusterfu-k and truly embarrassed to work for this company.
So who decides who to let go and how do they decide?
Is it over? Should I even go to the office tomorrow? I don't want to be escorted out.
@b5 In that case, every EDES promotion over the last five years deserves a closer look. A significant number seemed driven by personal connections. Are we actually ready to open that door? Let's be honest, favoritism has been deeply embedded in the culture here for a long time.
@b5 super weird to be calling out Seema in this thread. Has nothing to do with current leadership or the layoffs. She got staff engineer before amala and principle during amala. Nothing to do with current leadership.
What Monk will do is similar to what Dan has done - hire what he called tech experts and displace the USAA folks. There was a post on this which many called out as fraudulent and I am hoping that Dan is now under investigation, awarding millions of dollars in contract without proper vetting and due process.
Anyone in tampa fraud/aml?
@b5 Nothing will be investigated. we are seeing flocks wandering every week as New Joins . 3P contractors countless every month . One of the 3P .Org got a big contract. Opportunity matters. Go by situation. Join as 3P, you will here forever.
One way to look at it is rather than living with day to day anxiety and stupid management, maybe better to take it as it comes. For now take the severance and hopefully find something within 60 days. I know market is bad but what else could you do?
@b5 huh? If you think anyones going to do a "thorough and impartial investigation" on hiring, you haven't been at USAA very long.
@b2 it will probably be sooner than that - look at what happened to BoA. The government needs funding so time to tax the banks.
At a time when so many IT professionals are being fired or laid off, there should be a thorough and impartial investigation into how the first promotion to Principal level (excluding CTO roles) was approved, particularly given reports that the interview panel was unwilling to recommend an offer following a rigorous evaluation process. A similar situation reportedly occurred when the same individual was promoted to Staff level. EMG leadership, middle management, and HR should be held accountable for any substantiated misconduct, procedural irregularities, or attempts to withhold or conceal relevant information.
There must be investigation on the pattern over the past 10 years in which individuals from TCS and HCL were hired directly or indirectly (from TCS and HCL to a domestic and then to USAA) into senior and lead positions or subsequently promoted to Lead or Staff titles.
Bad people from Santanders ruining USAA.
The message was clear, skill up as fast as you can because you will need it very soon when applying for a new job elsewhere. That was a warning meeting.
@aa it’s pretty hilarious because USAA had MRIAs from FRB for not having a robust data governance program that was operational in 2015. Give about a year; you’ll see another regulatory enforcement actions LOL
@ax Was there a meeting after all the layoffs?
Is there a scope of roles in IT that were impacted? Someone here said "Agile" roles..???
Who is he and what’s his role? Looks like he was a CIO at Santander
And that guy gave everybody the tall order to not be just average but compete with the new guys that are coming. Game on!
@aw 100% this is what's going on
Joe Monk just said in his meeting "you're going to see a lot of new people coming in", I think they're about to start bringing in consultancy groups
Just wait for it, there will be a surge of new employees and 3Ps that will try to eclipse the current Tech workforce. Those will be their own people.