Topics regarding layoffs at USAA

Topics regarding layoffs at USAA

Sound Familiar?

On the cnbc website there is a good article titled "A psychology expert shares the 7 toxic signs of ‘highly insecure’ people—and how to deal with them" (search falk 7 signs). Here are their most common toxic behaviors, according to Harvard career... — read more 

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| 1361 views | | 1 reply (April 10, 2023)
Post ID: @OP+1lznKtVN

Major UW losses but CEO pay doubled!

Per P&C specialist article, USAA UW losses were 2.4 Billion (more than the lizard) in 2022. But an article in SAT Express says CEO doubled his pay last year. All execs saw an increase in their salary last year.

RTO

If anything is going to finally get me to quit and leave this wretched place it will be RTO. There is no need for it. None. Our productivity is just as good if not better currently. I can't understand why they would want to mess with that. I have no... — read more 

Leaving Question

If I put my notice in now (Feb 17) will I get my bonus payout? Or wait until payday? USAA is such a dumpster fire...

2023 "Merit" Increases

I've been made aware that I will receive a 6.5% raise for 2023. While that may sound decent on the surface, I need to factor in the inflation rate/cost of living increase is also about 6.5%!! Therefore, this doesn't seem to be reflective of my... — read more 

Layoff is a certainty

Managers have been asked to submit names of people who should be laid off. This is based on if you are doing "high value" work if you "performed well," or as we all know, is the most important criterion - if you are liked enough. At USAA, all things... — read more 

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| 2370 views | | 3 replies (last February 21, 2023)
Post ID: @OP+1lbFJKZt

Management is the issue

What is wrong with these managers? All the bs comes down to the bottom line employees when it’s the manager not doing their jobs. Idk what to do with mine he made it clear from jump he don’t want his boss bothered so going to his boss is out the... — read more 

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| 1280 views | | 1 reply (March 1, 2023)
Post ID: @OP+1laGlEGC

Expense reductions - be ready

There seem to be quite a few 'expense reduction' meetings - be ready for change. Projects delayed, funding cut, people changing roles. Don't think it will be just the other guy or CoSA. This looks like a substantial change in the way we do... — read more 

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| 1690 views | | 6 replies (last February 9, 2023)
Post ID: @OP+1l4PeBrD

It’s such a farce

Wayne and other leaders act like it’s about the members. I bought into this, hook, line and sinker. Does anyone really care? Or does it get lost in the middle? First line managers would rather support the cr---y vendors versus the members. The... — read more 

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| 1630 views | | 2 replies (last February 6, 2023)
Post ID: @OP+1l2OO2Sj

Layoffs

The ECIO line of business plans to do a ~10% reduction in capital expenses, ~18% reduction in operational expenses. This WILL translate to a layoff of IT employees. Your projects will be cut to bare bones. P&C will also have to reduce expenses and... — read more 

Not renewing leases?

If leases aren’t renewed and it’s mainly claims in the office will people be wfh or paid off?

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| 930 views | | 3 replies (last February 4, 2023)
Post ID: @OP+1l1wzjMU

Best of luck to all today

Saw the preview yesterday. NMC is yellow. MC is green. Best of luck for the best news today for all!

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| 694 views | | no replies yet
Post ID: @OP+1kS3sKGx

Layoffs

Mortgage laid off 130 employees today

Started

It seems 130 people were notified today. Mortgage dept.

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| 590 views | | no replies yet
Post ID: @OP+1kRZpjNv

All Hands Dept Meeting!

CAE scheduled all hands department meeting right after employee meeting next week. Wondering what that means. Any thoughts?

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| 1350 views | | 7 replies (last January 24, 2023)
Post ID: @OP+1kOmXdUZ

Layoff

ECIO and a few other areas in the company are going through additional budget trimming exercises now. They're digging hard to cut more expenses. The previous expense cut a few months ago which eliminated contractors was not enough. In many areas... — read more 

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| 1750 views | | 7 replies (last January 25, 2023)
Post ID: @OP+1kNV37MS

Now its back to the office three days!

Seriously, the offices are empty and we are not client facing. Does anyone have any real reason why its three days instead of two? Like the extra day os gonna do anything. No one’collaborates’ and eveyone listens to music while they work… — read more 

Anxiety of waiting

Anyone else watching all the comments from different companies, along with the news of layoffs, and wondering when it's our turn? The anxiety is real waiting for the hammer to drop.

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| 1010 views | | 3 replies (last January 24, 2023)
Post ID: @OP+1kK89uw4

More federal banking citations?

Saw a brief piece in the news on this. The article was behind a pay wall so I could not get the meat of it. I wonder what the impact will be on the bank.

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| 920 views | | 3 replies (last January 18, 2023)
Post ID: @OP+1kEKFEEn

Attrition

Anyone else noticing the high level of departure in the 2nd line?

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| 1340 views | | 4 replies (last January 10, 2023)
Post ID: @OP+1kyU7mLs

Layoffs

I think how our IT leader has stated that cost cutting will happen so probably jobs will be cut. If someone does loose their job, does anyone know what’s the Severn we package like for someone with 3 to 5 years experience.

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| 2340 views | | 6 replies (last January 10, 2023)
Post ID: @OP+1kejwnCf

Wells Fargo to USAA

So disappointing that many of the leaders that flopped at Wells Fargo are now moving into USAA pushing the same agenda. Burn and churn sad to say that’s their plan and have a lot of money thrown at them

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| 1890 views | | 5 replies (last January 6, 2023)
Post ID: @OP+1jFcqKbL

Bureaucracy

I think that unnecessary bureaucracy does enormous damage to the company. Honestly, have you ever worked in a company that has a bigger problem with unnecessary bureaucracy than is the case here?

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| 1810 views | | 5 replies (last November 1, 2022)
Post ID: @OP+1io0FKL1

Reduced project costs

Fortunately, I am working on a project for which the budget has not been cut yet. However, I wonder how many significant project cuts have happened at USAA lately?

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| 1610 views | | 7 replies (last December 10, 2022)
Post ID: @OP+1igciIRz

Wrong people were laid off once again

I'm not sure how they manage to lay off the wrong people every single time. Most of those who are shown the door are our best and hardest working employees. We have plenty of fat that needs to be cut. Plenty of lazy do-nothings who get away with it... — read more 

Working in the office

Does anyone know how the company is monitoring if you’re in the office? Is it through badge swipes or do you have to be on the internal corporate network for certain hours a day?

I hate it here

It's not that I simply dislike working at USAA or that I'm burned out, I'm actively hating it. I'm sick and tired of the stress that comes with working here. I'm sick of the politics and sick of having to clean up messes made by my manager who got... — read more 

Unmanageable Workload

Worked 16 hours today and normal is 12. Most checked out at 1pm for early release. Could work 24/7 and still not be done or be thoughtful in my work. Manager does nothing but piles on more deliverables. Lack of accountability is astounding. Rework... — read more 

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