Topics regarding layoffs at USAA

Topics regarding layoffs at USAA

More Layoffs?

Been hearing rumblings that another round is happening before the end of the year. Any insight?

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| 4740 views | | 25 replies (last September 19, 2024)
Post ID: @OP+1uiC3G3s

STOLEN VALOR

Good morning, USAA TEAM. This is your reminder that USAA is STOLEN VALOR. USAA is a for-profit company that preys on the military community and our hearts and minds FOR PROFIT. Our mission moments are tools to this end. We mean nothing to EC and... — read more 

Arbitration experience

I am looking for anyone’s experience with Arbitration. Did you have to pay? Did you get an attorney? Apparently we have to go through arb first m, I’m wondering what the process is like as well as the length of it. Thanks!!

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| 680 views | | 3 replies (last September 2, 2024)
Post ID: @OP+1ugk11g5

Pay Day

Hello - what are the employees pay days at USAA?

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| 550 views | | 3 replies (last September 2, 2024)
Post ID: @OP+1uglLrRl

Another Bank VP “Retirement”

Last minute VP retirement on Friday afternoon and an external replacement announced to be in place this coming Monday morning. Must be nice to retire on a whim. And what ever happened to NEO for executives? They need it the most.

Want to leave, looking for another job

Been doing it for a while, even expanded search beyond our subsection of the industry. No luck so far. It’s been only 3 months that I started, and I got some offers but they just weren’t good. I’m starting to panic a little bit, because the job... — read more 

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| 1280 views | | 5 replies (last September 2, 2024)
Post ID: @OP+1u9NpfCp

401(K) Match for Bank Severance

Does anyone know if they allow you to contribute any of your severance proceeds toward your 401(K)? If so, do they also honor the company's standard 401(K) match? I'm assuming not but curious if anyone knows for sure.

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| 790 views | | 4 replies (last September 18, 2024)
Post ID: @OP+1u7NZqIl

Unionize

Time to create a union. Management has an open door policy, HR cares so much for the welfare of the employees, and the executives sincerely want to make things better! So, talks should begin about creating a union for employees that want to join. ... — read more 

Self-serving boss

Will someone help me understand why/how my ED is in a 5-hour seminar about finance for members — not member facing because she works in HR. Meanwhile, she doesn’t care that we have more ER cases than we can manage. Disgusting.

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| 890 views | | 4 replies (last September 2, 2024)
Post ID: @OP+1u6UY4zw

It truly doesn't matter who it is

I don't think the new CEO will do anything to help any single one of us. Those who think this will bring change for the better are naive at best. These are corporate games and we're nothing but meaningless peons to them. So in essence, it doesn't... — read more 

CEO + 4 EVPs depart within 10 months

So the CEO has announced his departure, on the heels of the Head of HR, Bank President, Head of Audit and Head of Risk departing over the past 10 months. Nearly half of the senior leadership team is gone or going. I wish them well. Hard to believe... — read more 

Wayne Peacock's Legacy

Put the money aside for a moment. Can you imagine dedicating your life's work to become the worst CEO in the history of a company that's existed for over 100 years? What an incredible achievement.

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| 1300 views | | 5 replies (last September 1, 2024)
Post ID: @OP+1u62oCnR

Question about non rehirable

If you were let go and your manager put non rehire. HR says that it’s manager discretion, even though it was for one metric. Are you ever able to reapply?? I told HR that there is no reason I should be a non rehire as I did nothing explicit to the... — read more 

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| 1050 views | | 7 replies (last September 9, 2024)
Post ID: @OP+1u5bvIkT

Is this a Bob Davis exit moment ?

I'm getting my fingers crossed. All we need is Board to fire rest of the EMGs reporting directly to Wayne. Get a new CEO & Team. GO USAA !!!!!!!!

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| 970 views | | 3 replies (last August 22, 2024)
Post ID: @OP+1u5Dz15b

CEO Tom?

Why did they not announce Tom for the CEO role? I thought he was the succession plan.

Was the CEO “retired” over falling ESAT scores?

Wayne sounded nervous in the last town hall, and then this random town hall came on. In corporate America, I’ve never heard of a score that low. Perhaps the board cared most about that? Overall, good riddance. Childishly, ding-do-g the Wayne is... — read more 

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| 1830 views | | 9 replies (last September 9, 2024)
Post ID: @OP+1u54c7MG

So… who’s the new CEO?

With annual meeting of the members coming up… it’s only fitting to replace the current CEO.

HR Rep on All Hands

Is it normal for an HR rep to be required to attend an All Hands call?

Usaa Salaries

Usaa salaries appear to have become below current market even compared to a year ago. As a lead now if I left and came back to same title lot less pay. Whassup with that?

Help me speculate about new CRO stuff

So hear me out - why do we think that moving Bank Audit / SLOD. Etc around and into Bank is a move? What could this mean ? Not being sarcastic but what is the end game - reporting to board vs CRO I am confused - let’s all chime in ready … go … bonus... — read more 

Sept LR rumors

Just rumors, or do we know it for a fact? I heard it from diff colleagues, but they don’t know anything for sure.

USAA is abusive

How else would you characterize a culture where fear and punishment are legitimate management tools and bullying by management is never punished in any way? I think that's the definition of an abusive environment. No wonder so many of us are looking... — read more 

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| 1030 views | | 7 replies (last September 24, 2024)
Post ID: @OP+1tZOt0Ky

Possible Layoffs Tuesday?

Some chitter chatter on previous posts on this site that there are going to be layoffs tomorrow. Does anyone know what CoSAs and areas within those CoSAs will be impacted?

RTO tracking

Anyone know how the RTO reporting works? How many hours per day are you expected to be in the office? Can you just swipe your badge and leave?

Why many IT positions are filled with H1b holders?

Why many IT positions are filled with H1b holders? Many local people are fired and filled with H1b people. I am not against H1b but it should go to eligible local employee then any foreign visa holder. There was no H1b employees as FTE prior to... — read more 

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| 1190 views | | 6 replies (last August 14, 2024)
Post ID: @OP+1tVz1sxh

A Review of Wayne Peacock as a Leader

Wayne Peacock has literally obliterated every thing he has touched at USAA, with his hair brain schemes. Remember MX? Employees literally HATE him. He single handedly destroyed the best employee satisfaction scores in Corporate America. He... — read more 

$64M Settlement

Are leaders talking about the settlement? “USAA reaches $64M settlement over accusations of federal violations” Naturally, the company does not admit any wrong doing. Such an honest company. You reap what you sow.

Agile Layoffs in ECIO

Well-placed EMG source in ECIO mentioned that the next round of layoffs in ECIO are planned for September. ECIO is going to target Agile roles, especially those that are remote workers. ECIO sees these roles as providing limited value and even more... — read more 

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| 1720 views | | 7 replies (last August 12, 2024)
Post ID: @OP+1tRnvQGD

ERC Layoffs

Hearing ERC layoffs as soon as mid-August. Hearing overstaffed areas like Shared Services Compliance, ECORT, etc. most likely to be impacted in some way.

HIRING PROCESS

Is a credit check performed as part of the background check for roles hired in audit?

20% work - 80% bullsh-t

I just can’t efficiently work with all pointless procedural steps, million small things that must be done even though they have no impact whatsoever on results, and loss of time and energy to managing managers who are breathing down my neck because... — read more 

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