A little birdie hinted about March layoffs. Based on the climate it seems plausible. Any insight? This is bank specific .
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Reputable source? Do you know what department?
Hearing March 24th
You do realize that most of the info on this site when it has come to information about layoffs has been spot on. Every round last year this site had someone giving a few days notice that notices will start going out. I trust this site more than USAA what we get from the bank President or CEO.
USSA giving promotions while laying off people. Horribly ran company!
It already started. No more severances. If you are overall PM, you’re gonna get managed out. No severance.
How convenient that they took away Dialogue from us at the same time.
Any one read these docs ? Received an email on Monday about new updates
Seems like something is brewing as you mentioned
USAA Severance Plan (SMM)
USAA Severance Plan for Bank Employees (SMM)
This is all conjecture. Enough of rhis “a little bird told me” bullsh-t. State facts without incriminating anyone. Get the details out with names redacted. Grow a pair and state the facts. Bot this hwarsay nonsense.
$5.13 in unrealized losses. We cooked. Taps into mic, Russia if you’re listening, you’re favorite government sugar babies need some money laundering turned up to 3000%
Received 4 pips one after the otherand managed to hang on for 2 years. Got fired today with no severance and only 4 daysl left on insurance since I'm 68. Not much time to get set up on medicare part bo continue my cancer treatments. I'm relieved to be done with the retaliation and daily abuse I endured. 3.8 years of service. A bright light got snuffed out today. I don't see how God will prosper this company. Tomorrow is a new day. And I got a lawyer.
Nothing like putting @sshats in charge of the asylum
Just think about it: you made a moderately experienced guy the bank president, you don’t replace your chief risk officer at enterprise, you hire a CEO with no banking experience, with a TON of experience managing P&C risk…the bank must be on the block.
Modernization efforts in P&C are winding down in some areas. They are on the list. Finance has a $17m bogey, but the id--ts keep promoting DIE over competency. They really need 4 EDs/VP this month? Offsetting that are the analysts to eat shlt burgers. HR is falling apart and only one WM leftover will stand - TCart. They can right size because they have no one left with technical competency.
There’s definitely more brewing. Hopefully it’s more useless leaders this time and not the hardworking people who actually get stuff done.
@b2+1jmhp7e4t - are you just speculating or do you have some facts to back up the fact that there’s going to be a big sweep?
Agreed @eb+1jmhp7e4t. On top of that, it's also full of some of the most cocky entitled people in the company. I say cut them loose and stop letting them drag us down year after year.
@be+1jmhp7e4t
Not sure why this is being downvoted, the bank is horrible and a major liability
Hopefully they'll finally sell off the bank so we can get this albatross off our necks once and for all.
If you only knew what’s coming.
Bank AML folks have been warned since last year. A couple dozen people will be laid off. Please start applying and update your resume.