There’s someone here who keeps making some weird racist comments. You’re on the wrong forum. Go to truth social. You can go rant your racists sh-t there in that scary echo chamber of MAGA alt-right freaks. Additionally, please leave our company... — read more 

Submitted my resignation tonight. I don’t want to compete with you all for jobs this summer when this economy and jobs situation continues to tank. Seems like they are going to find a reason to not pay severance going forward. And even if they... — read more 

Once again, consultants are taking over this place. They are busy trying to figure out our new operating model and re-org to eliminate. It’s baffling that we are trying to save money but everywhere there are multiple companies consulting across the... — read more 

Does anyone know if risk and compliance roles will be impacted any time soon? Specifically in Bank? I have been hearing rumors of late June, but no clue if there is any truth to that or not. Was already feeling forced out due to being remote... — read more 

Hopefully there wont be a huge layoff in June…

Isn't it obvious? This company has become a total mess.

I'm not EMG, nor do I have a fancy MBA. But it seems the easiest way to "cut costs" would be to close one (or more) of the regional offices that's barely being used, is having trouble hiring, and isn't a major "talent hub". It seems the solution is... — read more 

Flood EXP survey and let leadership hear you. This year eNPS & eSAT are scorecard metrics. These are fed by the quarterly EXP surveys you get. So hit Executives where they actually listen and will respond (their own wallets). Venting on here... — read more 

If you are remote and not located in Texas, you should seriously look into your legal options for suing USAA. Especially if you were laid off. Labor laws vary by state to state and if you are not in Texas, you are not entitled to the same laws as... — read more 

All EMGs are now mandated into the office 4 days a week. If they are remote, they are mandated to be at AN office for 10 days a month, yet, USAA has banned all travel for 2023. Plus, there are tons of rumors flying around they are about to force a 5... — read more 

For those of us who would recommend Wayne Peacock resign please like this post. Mr. Peacick, In all fairness you have created such a toxic work environment that if a bold move like this is not done then USAA may never return to it's respected &... — read more 

Calling layoffs adjustments... What are they even trying to do? They are just raising the level of frustration here and nothing else.

USAA once again let go of some of the best people on our team. These people weren't just smart and driven, they were a blast to be around. This just proves that this company can't even recognize the amazing talent they have right in front of them... — read more 

Today, Neeraj announced Jen Merlin is retiring and Gerald Wilson will be the interim replacement. The message closed with over the next several months, he will determine the organizational needs associated with this change and share more as he is... — read more 

My answer to that question is that the company culture starts at the top.

Had nothing to do with performance. It was all about headcount and salaries. All the low performers already got released a couple of years ago. Last October’s wave of layoffs included high performers. This is the sad truth. There are very few low... — read more 

I understand a lot of those laid off were older employees.

Did the exec team not tell everyone the bank is under a cease and desist order- https://www.occ.gov/static/enforcement-actions/ea2022-008.pdf

We never got any great answers for the questions that actually mattered to us.

USAA saying the recent layoffs “are a normal part of running a healthy business during an economic downturn,” is ridiculous. Laying off your compliance, regulatory, and risk governance teams (not just individual employees) leaves a huge gap in the... — read more 

The current layoffs are the most lazy, low research output from bad executives. Calculate the cost saving, it’s not not more than $200 million. Compare that to any budget in any department and the potential room for efficiency. So many sycophants get... — read more 

The current return to office policy is a nightmare and is at her direction. She clearly isn’t qualified for the role she fills and HR has gone from bad to worse. There has not been one good thing to come from her or HR. It’s pretty pathetic that... — read more 

https://sanantonioreport.org/usaa-companywide-layoffs-economy/

Wayne Peacock must go. Wayne Peacock must go!!

Although Wayne Peacock should not burden all of the blame he has not done a very good job navigating the waters. Under Wayne's watch USAA has seen AML/Risk & Compliance concerns coupled with large fines. Recently the OCC called out USAA Bank for... — read more 

It's not easy to deal with being laid off. It can be a total shock to your system when it happens, leaving you feeling uncertain and uneasy about what the future holds. I've been through it three times and it doesn't get easier. But here's the good... — read more 

It’s so sad that this once great company has become such a toxic mess. Group think, check the box low quality solutions. Management by coercion and intimidation, micromanagement. Members deserve better. (Members and employees who are also members)... — read more 

Can anyone tell what severance package they got for recent layoff?

The SA Express article and the P&C Specialist article both state we are also reducing office space. Any one heard anything on that?

I am very disappointed and angry because I've realized that these layoffs are not performance related at all. I know some people who had a very good performance review but were informed that they are no longer needed here. It's so... — read more 

I've seen everything from 500 to 1,700.

They laid off entire teams. Mine included. Said our positions were unnecessary. We all had almost 20+ years or more of experience. We are being replaced by off shore contractors.

Usually we don't have layoffs on Friday, but considering how many people were cut yesterday I wouldn't be surprised if they left more for today. Is there any chance that somebody knows for sure if layoffs are done or not? Either way, it's not going... — read more 

The number of employees who were impacted is around 475, but the number of contractors that were also let go is unknown. How many do you think were cut?

Amala in India to meet HCL and TCS CEO next week.. Job cut are prep for offshore

Whole teams are being let go across the organization today. Over 1000 alone in IT. What a sad day!

Wayne wants everyone back in the office. Directors and other leaders are already being pressured or required to come in as an example to everyone else. Coming into the office is seen as a sign of “engagement” and of “leadership” these days. If you... — read more