Thread regarding USAA layoffs

I got fired from USAA in May

This is a pretty long story and I contemplated for a few weeks if I should share but thankfully at this point, I was able to find a new job quickly so here goes.

I started at USAA in summer of 2021 during the worker bo-m. I was at my previous firm for over 10 years and had close to 12 years total banking experience. I interviewed with the AML team although at the time I wasn’t sure what department I would end up in. After my interview during what was called a “blitz” day I got a call from HR and we danced around an offer. The salary was pretty good, I mean it was more then what I currently was making but not by a lot. What lured me into the bank was that the job was fully remote, and it was a new, growing team building due to a consent order. Procedures, and processes had to be mapped out and since I had experience with IA and management at my previous firm, I thought it would be a good opportunity. Boy was I wrong.

I found out about a week AFTER I accepted the offer, that they were going to throw me in Detections QA for AML although I had no clue what department I was going to be in when I got hired, at that point I didn’t really care because I already accepted the offer and hey it was fully remote. Originally the job started off kind of slow, training was lackluster but as a new and growing department it was to be expected. A few old timers and managers were quitting right as the onslaught of onboarding occurred. After a few months however it was clear, we weren’t here to do actual meaningful work we were here to fill bodies in seats to satisfy the consent order. The work when there was work was boring and we were tasked with hitting investigators with exceptions although there wasn’t really anything wrong with their analysis. We didn’t get to do anything like build teams or write procedures. The QA detections managers were d-mb and worthless for the most part.

Eventually at the start of 2023 we got the notification that were would no longer be remote and would be forced to go back into the office 3 and eventually 4 days a week. I was ok with the work being slow because I was still getting paid but sitting in a dreary office for 4 days, doing what. Add to that nobody from my team would even be in there since 90% are outside the 60 mile range. The worst part about it is that this was going to be tied to performance while full time wfh wouldn’t receive any penalty. Once that was announced I pretty much gave up on the position, although I was still working but we only had a few items a week to review so the work was pointless. I eventually built an automated user tool and automated my own job but this isn’t what I was fired for (technically). Apparently, I ended up on some report that one of the team leads and her manager spearheaded to catch people not spending enough time in actimize. Although my tool worked flawlessly and I had ZERO QC hits whatsoever my in actimize time was very low and so it drew the attention the "watchers". My metrics were handed over to my manager and she asked why my actimize review time was so low. I didn’t want to admit that I automated my own job so I told her I’m not sure but I have zero QC hits and get my work done in time. My manager eventually put me on a 2 week “administrative leave” at which time I was not to log in or do any work whatsoever but was still collecting a check. The Friday on the 2nd week on leave my manager set up a call with me and HR and I knew what was about to happen. Luckily, I started looking for a job right when I got put on leave. When I had that call the reason they claim I was being fired was for “performance” although all of my work had perfect QC scores and all of my monthly reviews were stellar. The HR rep just sat there like a blithering id--t but I didn’t expect them to do much more than defend the firm. At the end of the call I thanked everyone for their time and hung up. I knew this was coming but still unsure of what the actual termination reason was. Maybe they found out I automated my own job and didn’t want the higher ups to know because then they would be out of a job also. At the end of the day my time at USAA was pointless and did nothing for me or my career, it was just time spent. I didn’t make any meaningful connections or do any meaningful work. I told my new hiring manager about my user tool and had a new job within a week of parting with USAA.

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| 4811 views | | 15 replies (last December 13, 2023) | Reply
Post ID: @OP+1nAYyRzn

15 replies (most recent on top)

Did they pay you out your pto time you accrued? Or any incentives you earned upon leaving?

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Post ID: @2tpuu+1nAYyRzn

I was fired in June after 16 years of employment. Never ONCE had a SINGLE disciplinary action taken against me in that time. Not even a PIP! Due to "at-will" employment, I cannot get a lawyer to see the potential for a case. No one should EVER think their job is safe, especially if you typically use your voice (which USED TO BE appreciated and welcomed) to speak up and call things out. If you challenge your boss in any way, you could 100% be subject to targeting and the tiniest bit of action can get you on "admin leave for investigation".

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Post ID: @2tyl+1nAYyRzn

Happy that you landed a better one!

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Post ID: @2tgc+1nAYyRzn

"The QA detections managers were d-mb and worthless for the most part."

#Truth

Congrats on getting out!

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Post ID: @2ofj+1nAYyRzn

Glad you landed on feet. I wondered what happened to you. Please accept my invitation on LinkedIn. I’d love to stay in touch. Good luck!

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Post ID: @1jlb+1nAYyRzn

Where r u working now

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Post ID: @1oll+1nAYyRzn

OP Here, just wanted to thank everyone for the support in the comments. I wanted share my own insights although I know this is a "lay off" board. The sole purpose for being hired was in my opinion to help the company resolve issues that lead to the consent order in the first place then when you try to do that, nobody wants to hear it. Never have I seen that in a company, they are destined for failure. Some responses below:

@1yjo+1nAYyRzn
I don't know if IT is watching your keystrokes or mouse clicks (wouldnt doubt it if they were) but I know management and the snitches they have snooping around are going behind everyone and "re-reviewing" everyones work. Its amazing they even have time to do that tbh. They are looking at your in system time and how many exceptions are being cited. Any anomolies that come out of that and they are then digging deeper into your work. I would caution anyone still working there to do everything 100% by the book until things shake out. Its a very TOXIC envrionment. Sad part is I wasn't even offered a PIP or anything they were/are looking for a reason to give people the axe.

@1qtc+1nAYyRzn
Haha not sure, I dismantled it when I found out I was being monitored. It was pretty intuitive I was able to pull docs and highlight key insights based off of our QA questionaire with the click of a bu-ton. ZERO QC hits while using it. I don't think my manager is smart enough to figure it out.

@1zdf+1nAYyRzn
Thanks, I have already done more in my new role than 2 years at USAA.

@1hpo+1nAYyRzn
Thanks and all the best!

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Post ID: @1jka+1nAYyRzn

Wow, great insight! So they were watching your keyboard/mouse movements? I wonder if they watch everyone’s?

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Post ID: @1yjo+1nAYyRzn

I hope your automation tool is not still silently doing your work after you left the company lol

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Post ID: @1qtc+1nAYyRzn

The end user policy is so stupid and over engineered that you could violate policy using basic excel functions. The whole place is a sh-t show.

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Post ID: @1tuh+1nAYyRzn

Great story. Thanks for sharing it. I had a similar experience. I was hired in 2021 and left in 2023. The amount of people and very little real work going on was astonishing to me.

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Post ID: @1hpo+1nAYyRzn

Aml is a complete cr@p show right now and no leaders want to admit it…

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Post ID: @1ohg+1nAYyRzn

Sounds like you are too smart for USAA. 10 years ago, maybe even 5 years ago, you would have progressed quickly, and your skills would have been utilized to enhance and improve the work and member experience. But now, in the new USAA, you considered a threat by your less skilled, less talented, unaccomplished “manager” and their bosses.

I moved up and into various roles when I started at USAA because at the time individual successes were identified, celebrated, and rewarded, but that all changed Robles took the helm and quietly pushed out all the seasoned USAA executives and replaced them with executives losing their jobs at B of A and Wells Fargo because of the 2008 financial crisis, which they created. The new “leaders” replaced their direct reports with more big bank rejects, who in turned continued the cycle of pushing out seasoned USAA employees and replacing them with their less talented friends with no military background or even a hint of respect for the people that fight to keep us free.

These new leaders continued doing what they did at the firms they destroyed and member and employee satisfaction started on a gradual downward spiral. Robles in his infinite wisdom resorted to theory he was taught in his executive BMA program. “If you’re not growing, you’re dying.” So he changed eligible requirements and opened the floodgates.

Membership grew along with new bank product acquisitions, and Joe’s newly recruited big bank failures did what they did best. They sat back congratulated each other for being awesome while at the same time, the bank crossed the threshold and became a big bank from a regulatory standpoint. The new leaders were too busy finding products and services to off board (in the name of streamlining) and outsourcing jobs to unqualified third parties, that they failed to realize the bank was now subject to big bank regulatory requirements. Joe saw the writing on the wall and decided to retire before most people realized the ship was sinking. Shortly afterward the OCC and CFPB arrived and took up office in the bank and fines were subsequently assessed because the id--t “leaders” were asleep at the wheel. To be fair, devising ways to revise the executive bonus structure to further enrich themselves is exhausting.

Stuart arrived and continue to play from Joe’s playbook because he wasn’t talented enough to create his own, so the ship continued to sink and Stuart was push out leaving Wayne to captain the sinking ship.

Wayne had the opportunity to turn things around and return USAA to its former glory, but Wayne is a no talent, narcissistic, soulless, pi-s poor excuse for a human being. He adopted Joe’s playbook (silent layoffs [Yes… surprise! Joe laid off more people than Bob Davis ever did using the NDA for severance scheme so most people would never know], outsourcing jobs, recruiting big bank failed executives, etc.) but like most sociopaths, Wayne took everything to the extreme and now the boat is so far underwater that we can barely see the deck.

So be thankful you escape this once great company, turned into a giant clusterfu-k by sh-t for brains “leaders” with no skills whose only claim to fame is their masterful ability to destroy companies while enriching themselves. And fu-k the board for allowing it to happen.

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Post ID: @1iou+1nAYyRzn

@1zdf+1nAYyRzn
Thank you and No hard feelings really. I know technically I broke their policy by using an unauthorized user tool to perform my function. And in an at will employment state so things happen. I just wish I got more out of working for this company sadly they never even asked what kind of gaps I found in their process which is why their bank will continue to struggle imo.

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Post ID: @1dsr+1nAYyRzn

Sad to see you were fired. Your resourcefulness should have been leveraged.

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Post ID: @1zdf+1nAYyRzn

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