Thread regarding USAA layoffs

Bank seniors laid off I heard management is next by end of year.

So did BRC leadership tell the truth about the whiteboard since more layoffs occurred yesterday?

There were layoffs yesterday (8/19). Don’t know the total impact but some execs in Business Risk Controls for sure and hearing also in other parts of the Bank but not limited to executive leadership. So thinking this post was legit.

Were the BRCA teams listed on the board in bank operations or deposit by chance?

@19g agree it’s like the worst kept secret that layoffs are being planned within the building here at the office.

Lot of layoffs across bank in planning. The leadership is a sh-t show here.

@zj
Actually, the 2019 consent order was targeted and penalty‑based, which largely focused on compliance and IT risk deficiencies. The December 2024 cease‑and‑desist order is much broader and supersedes the prior order, and includes stringent governance, risk management, growth, and compensation restrictions.

Bottom line, the OCC is losing its shhh over continued non‑compliance and applies corrective burdens until the FSB can clearly demonstrate full remediation and regulatory alignment.

Didn’t seem like a win win.

If leadership is saying this is not true then who wrote all this information on a white board in a room that is supposed to have limited access?

@a2 You heard Wayne. The original consent order was closed and we should all be proud. The new consent order was a gift from the OCC to clarify any outstanding or additional work. Win-win!

Upload the pic to imgur and post the link here. None of the original metadata will be shared. How do you think I post all the pics of my designer eyeglasses and my recipes for tasty bougie vegan dishes.

Toodles!

@jm
Camera’s are everywhere, except for when it comes to lunches being stolen from the break room and items on desk going missing after hours.

Don't post it unless you can make sure to remove the photo metadata, and edit the colors to obfuscate details. Keep in mind, cameras are everywhere. They can review past video footages to identify who walked by and holding a phone to snap the photo.

Sorry guys. I’m not in this org. I don’t have Reddit. Few people on my team screamed and urged not to trust Reddit. Especially photography that can be traced right back to me. I’m sharing what I saw but I don’t have enough skin in this to put my neck out like that. I saw what I saw. Saying it’s fake / stirring the pot is crazy. Those people saying it are insane and should go to therapy for being in denial for what’s going on all around them.

But hey maybe it’s just a small team meeting or a group of directors just drawing on a board thinking of what could happen or what might happen? That’s very possible too. There’s plenty of actual explanations besides a conspiracy of “stirring the pot”. Jesus. Therapy & education people. Therapy & education. Some of you simpletons are going to have a rough time post-layoffs and outside of the USAA bubble.

Aml will get hit this year, we have been told

That is good info but don’t post anything unless it can be scrubbed.

Yeah I’d say if they really did snap a picture to post it, otherwise it’s probably someone stirring the pot. Although it feels like a lot of leaders are in SAT this week.!

As others have stated, post the pic to the USAA EJS Reddit page.

Please post the pic to the USAA EJS Reddit thread

I’m also not in risk or work with risk teams all that much so I’m not that familiar with some of the acronyms that were on there. There were some more listed but I honestly couldn’t figure out what they meant. Like “PPCI”? And “QABC”? There were a few others grouped under risk programs and SMEs

@at I think they were on a lunch break. There were laptops and peoples stuff in the room.

I've been hearing about Fraud layoffs - how many?

They just finished hiring 2 months ago, why the heck are they laying people off?

They laid off a bunch of those people a couple months ago. Many that writing is from then? But how horrible to not clean the white boards after that discussion

Post on reddit usaa.ejs group. There is a layoff thread

There are so many toll gates within Bank Data Analytics under the name of governance and regulation. Teams spend too much time with IDAC & BARB ( Information delivery acceptance criteria and architecture review board...) and cycles of reviews and approvals and this useless process is manually evaluated and no automation can be sold for this director or teams as they are all politically strong and do not accept changes. Am sure there are many stories as such that are pulling USAA down and top leaders have no idea on down stream as they are never hands on or teaming with d-mb heads under regulation as no one touched teams when "consent order" or regulation terms are used.
Result - Lay offs / Skim teams as some one on the top felt this work is not required.
Fixing ways of working at Bank is impossible as either leaders are toooooo much micro managing or saving their seats or enjoying their powers .. Not focusing much on sustainment.

So we get a renewed consent order 6 months ago and the banks plan is “fire the risk professionals”? Very on brand.

Follow up…there was no mention or writing of timelines. The only names written were a couple of risk advisors aligned to a business partner (I didn’t recognize their names, but for their privacy I’ll keep their names protected).