If the company is standing firm on RTO and soon going to 5 days, why in the world do they continue to hire remote EMG!?! My area, we just got a new ED and he’ll be working remote from Tacoma, Wa. Pre Covid USAA, while they did interview EMG who... — read more 

Although my official year end performance rating (the one documented on OneSource) is “Met Expectations”, I was told that I actually received a “Low Met”. Is this bad? Am I at the risk of being pushed to “Partially Met”? Thanks!

BLUF: The bank maintains strong capital and liquidity positions, providing a solid foundation to address profitability challenges. However, the significant shift from profit to loss in Q4 requires immediate management attention to expense control... — read more 

A little birdie hinted about March layoffs. Based on the climate it seems plausible. Any insight? This is bank specific .

Layoffs? Anyone know more? Bank pres sent out a video that basically said 'brace yourself'

any one have any updates on this?

Need help creating a HILS for Directors. Employees have one (Honesty, Integrity, Loyalty, Service), but it is not followed by Directors. Here's a start: H: Hypocrite I: Ignorant L: Liar S: Spin the Truth

Be very cautious when you hear EXTERNALS who are hired as new so called “leaders” (BB) use buzz phrases like Industry Standard is to __________” or “Industry Best Practice is to do __________”. The next thing that comes out of their mouth is NEVER... — read more 

Long story short I’m looking for an attorney with experience dealing with USAA?

Did no one notice the swing late last week?

The absolute hubris of paying for a One Republic concert on campus stands out. Unbelievable waste. The lack of EMG leadership ability to navigate through the consent order has ki-led this company. The CEO that was in charge is in no way supposed to... — read more 

Are you listening USAA Board members? If you really want to help the company, engage a DOGE-like company to eliminate waste. The catch is that no single person or department is excluded. Everyone is fair game. In the short term, the pain would be... — read more 

Seeing post on LinkedIn, a lot where laid off on Thursday.

Who do you think this ends? Anyone thats holding on for a "package" just remember if the day does come, until then they are going to make your lifes miserable.

Q1 is going to be a bloodbath. The Bank isn’t making money and can’t launch new products without OCC approval (it’s in the public consent order). There’s no option but to cut operating costs (most expensive line item is salary). They timed the... — read more 

Dump the current Chief Strategy amd Brand Officer. I can understand and support the arguments that the CEO needs greater depth in the business then can be obtained from recruiting retired flag officers. But someone who has never served has no... — read more 

It’s no joke leadership is taking it in a whole lot more it will impact salaries and everyone is scrambling complete those surveys ya’ll!

This is what Clyde’s leadership brings to the table. Wayne is ALSO complicit. Treat USAA Members better!!!!! Randy please get P&C back on track before we are in a similar situation as the Bank. Read for... — read more 

Any other areas that have been hit?

Sorry if you have been impacted by recent layoffs. If you reside in the State of Texas and have been laid off, please follow these simple two steps to maximize your monetary gains. Step 1: Sign your severance agreement document on the day that... — read more 

Saw this buried in the posts in reference to today. Reposting for visibility. “Happening tomorrow (Tuesday) in the Bank. Org changes, role elimination, taking advantage of newly announced severance policy and more. Good luck to all!”

P&C and a few other CoSA’s will begin layoff announcements today and/or this week. You will receive 60 day notice and still receive your bonus in a couple of weeks. Most will NOT get hired in other areas. Many in P&C can thank Clyde for promoting... — read more 

USAA violating POTUS executive orders for government contractors? Sneaky swap Head of Belonging for DE and I. Also did you slash Supplier Diversity programs as required to comply with related EO? At same time taking down external facing DE and I... — read more 

(Merit, Excellence, and Intelligence) nuff said

So the bank president can change the severance for bank employees to min 26 weeks (all those under 13 years will get 26 weeks, those over 13 years will get the greater amount). But I guarantee his golden parachute wasn’t cut in half or anyone in his... — read more 

With the changes in the bank severance payouts from an automatic 52 weeks to now 2 weeks for every year (minimum 26 weeks and max of 52 weeks), that signals massive layoffs are on the horizon. Michael is going to strip teams to their barebones... — read more 

The writing is on the wall for this company, and it couldn’t be clearer. With the CEO dropping major hints about employee displacement this year and next, it’s obvious that a wave of layoffs is looming. This isn’t just a routine restructuring—it’s a... — read more 

Naming a new USAA Bank President with so little experience that a USAA Board member Brad Connor, who has a wealth of banking background, is assigned to oversee him. Naming a new USAA Bank President who has a family member on the Board... — read more 

I had a feeling he’d be named permanent bank president, dude is 100% about the finances. With the bank operating at a loss, he’s going to slash departments down to the bare bones, most contract work will be canceled, and yes, massive layoffs. The... — read more 

https://newsroom.mtb.com/2025-01-27-M-T-Bank-Appoints-Neeraj-Singh-as-New-Chief-Risk-Officer

Did you see that Juan’s old company posted a $1.7b reserve strengthening hit? That means he seriously mismanaged his pricing and underwriting. No, it isn’t all “run away inflation”. Did he disclose that or did you give him a buy out on his... — read more 

To say I am horrified even if this is bad timing is an understatement. The only thing they seem to care about is their survey’s. If you are equally horrified, you know what to do.

The whistleblower had been telling the truth after all. https://www.complianceweek.com/regulatory-enforcement/whistleblowers-defamation-case-reveals-scope-of-usaa-coverup/35664.article The first area of deficiency listed by the OCC (2024) was... — read more 

... and I'll talk about that in a minute

Does anyone have knowledge of whether and when Compliance (specifically Bank compliance) layoffs are coming?

What exactly is the role of these unusual groups of people called HR partners? I fail to see any value in their role. They neither interact with managers nor associates, and they don't communicate effectively with the teams. The HR organization is in... — read more 

Be prepared it will be 5 days and for those who don’t like it you will be worked out. Juan is for full RTO

Does anyone have insight into what the baseline Merit % is this year? I know last year it was 4% +/- but have not heard anything this year at all.

Starting a “layoff list” of EMG and EC Members for Juan to MAKE USAA GREAT AGAIN. Add your picks to the list with one (okay up to two) reasons for your selection. Who will make the list?

For $450k (plus bonus) you can have a sweet job promoting who knows what at USAA. While CA burns the company is filling make believe jobs? The rest of the country is stripping out this woke stuff. USAA doubles down.