Thread regarding USAA layoffs

Why am I hearing about cuts happening today?

Does anybody know what's going on?


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| 1041 views | | 54 replies (last 28 days ago) | Reply
Post ID: @OP+1m4xq63p3

54 replies (most recent on top)

Yeah, bad hire that guy, looking like a homeless man suddenly put in charge of a big group and started firing people randomly. It's insane out of this world, unthinkable.

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Post ID: @av+1m4xq63p3

that joseph monk guy gives me the creeps

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Post ID: @at+1m4xq63p3

@ak The holiday bonus is typically the first paycheck in December.

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Post ID: @am+1m4xq63p3

Got laid off today.
Saw it coming, considering the economic environment, but wow, didn't think they would do it in the middle of the year.

And of course, the cut-off day is right before the holiday bonus.

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Post ID: @ak+1m4xq63p3

60 days paid while looking for internal posting. After that 60 days, severance is paid, according to company policy (2 wks for each yr of service or the one based on annual compensation, whichever is higher).

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Post ID: @ag+1m4xq63p3

The mass layoffs are still ongoing and may probably last until Friday, according to my manager. Affects many in Technology org. Brace for impact people.

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Post ID: @af+1m4xq63p3

Can anyone share about which teams got impacted? I am in IT & seriously freaking out. Don't give specific impacts but at least tell teams which got impacted

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Post ID: @ae+1m4xq63p3

On the IT a big reduction in specific roles applying to Agile software development, ie Scrum Masters. The word is they're moving away from Agile and returning to the archaic practice of waterfall development. Also heard the severance packages are not what they were in the past and it's a fixed 60 day pay regardless of tenure/time.

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Post ID: @ac+1m4xq63p3

Cuts in CIO - data management and data governance.

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Post ID: @aa+1m4xq63p3

I heard respected and tenured employees escorted out today. Why do they do that to good people. You poured your heart and soul to this company, gave up most of your life serving those who serve, and then one day, escort you out of the building, in shame.

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Post ID: @a9+1m4xq63p3

What departments?

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Post ID: @a8+1m4xq63p3

Got laid off today

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Post ID: @a6+1m4xq63p3

New leadership wants to show that they are making money... by axing people haha

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Post ID: @a2+1m4xq63p3

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