I’m just glad it hasn’t gotten as bad here as other places like USAA. I heard someone ki-led themself there yesterday. Sounds like a complete corporate meltdown is happening from what’s being posted.
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The difference is not that “we’re not as bad” , just that we’re few months BEHIND, as they already started layoffs.
Many of their older threads are not that different, like the one below.
The question is: what are leaders learning.
What USAA employees are going through is unimaginable, what this person’s family and friends are experiencing is way too painful.
It shouldn’t have to be like this. In any workplace, no matter where.
“A follower
Wayne had this golden opportunity to set USAA apart. When COVID-19 took the world by storm in March 2020, within 2-3 weeks, he managed to get 95% of the workforce set up for WFH, one of the first companies to get that done, as others soon followed USAA’s lead. Throughout 2020 & 2021, employee morale was at its highest, long hours didn’t matter; we were home, management was extremely supportive with letting us log in later and making up the time later in the week, especially when grocery stores went to reduced hours here in San Antonio. Wayne kept preaching “this is our new normal, a new way to work.” With that, we were able to recruit some of the best talent from other financial institutions because we offered remote work. Fast forward to Jan 2022, Wayne starts with “it’ll be nice to start getting everyone back in office on a volunteer basis.” Then each employee meeting, he kept planting the seed with coming back to office, then saying “other companies are now returning to office,” so like a follower, he has to go back on promises he made, and now on 9/5, RTO is in full effect, badge reports will now be checked to make sure everyone is coming in. Our remote hires from 2020-2021, good luck! I guarantee, within the next 12 months, y’all will either be asked to move near a regional office or take a severance payout. USAA’s only hope, especially now with the company on track to lose more this year than we did last year, is the board has enough, and this December we get an email titled “CEO transition,” just like we got in December 2019.”
If being better off you mean we are not ki-ling ourselves yet, that's not really saying much... Also the bulk of the layoffs haven't started yet. We can't really judge it until it has.
Some of my coworkers say it's when the USAA merger happened that this place started heading in the wrong direction. But since it was the same EC, probably at most it just accelerated it.
The downside scenarios of treating employees like absolute sh-t. The state of USAA sounds similar based on their page as they appear plagued with poor leadership and quickly diminishing culture.
So sad that it happened at all but even more so that it actually happened on the San Antonio campus.
That is very sad to hear. I hope we don’t see or hear anything like that here in Schwab. But desperate times can lead to desparate measures, when your house, livelihood, family well being are all on the line.
Here’s to the good times.
Corporations are making moves to reassert control over employees.