At this point, I almost envy the people who were let go. Now comes the chaos and the fallout, with even fewer of us left to handle the increasing workload. My team lost two critical roles that, based on past experience, will never be backfilled. The logic here is simple: more money for them, more work for us.
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So how can this company in good conscience have H1-B foreigners take literally thousands of jobs in San Antonio? It makes me sick. I see co-workers getting laid off and people on H1-B visa's roaming the halls by the thousands. How can this be justified? People need to know this is going on. We are supposed to be a rah rah American company and we are just another sad profit hungry immoral corporation.
@ns the only group of members getting meaningful annual dividends are Officers in USAA underwriting company, other members are just paying their premiums to fund the money that goes to Officers…surprised that members don’t read the fine prints when they join this Ponzi scheme
I too received that $90+ consolation and my premium increased so much I am now thinking of switching to other providers. Ridiculous.
And they claim to payout 3.7 Billion to customers, as a member myself I received $91. Such strategy is so pointless and has little to impact instead if they would have kept even 1 Billion to avoid all these layoff it would have impacted thousands of families significantly!!!
@ev consider scorecard is going away my guess is they will no longer hold executives accountable for pulse surveys, at least their compensation and bonus won’t be tied to pulse results
@ep i wonder what pulse surveys will be like after this………
What you will see in the future is "quiet cutting". It's psychological warfare. Instead of handing you a pink slip and a severance package, corporations now "reassign" you to a role that is biologically designed to break your spirit. They move you to a dead-end project, report to a junior manager, or strip you of your team, waiting for you to quit so they can save the unemployment insurance costs. Fk'em all and their families.
@a6 anyone remember when MSAT scores had to be 97% to be green on score cards? Then Wayne allowed it to be dropped to 85% (but we could barely hit mid 60’s). Yes we’ve changed as a company and the members have been telling us.
@a5 this has been the case for almost all the layoffs. They seem to keep laying off all the wrong people. Who make these decisions? Incompetent leaders making too much money fearful that a smart mouth lead/senior/director will do the very basics of their job and in doing so will highlight how bad that executive is at their job. Alternatively, if you’re silent, laying low, you’ll get targeted for PIP/fired for cause for some trumped up reason. They want only people that enthusiastically cheer on their horrible decisions and delegate that work to someone in another organization where it cannot be tied back to that leader.
I believe this in a way, that those given notices was a blessing in disguise. Those left, will now be doing the work of 2-3 people, possibly trying to get them to quit to avoid severance payout, especially those who have over 20 years and getting the full 52 weeks payout, or getting them to fail to place them on PIPs and eventually to termination, again to avoid paying out severance.
There will be more layoffs in bank, they just let go of our director and 2 analysts on my team who did a ton of work and stepped up huge when our APO’s were out on leave. To all bank employees, if you’re not already looking externally or to areas outside of bank, then you’re already behind the 8 ball. It’s only a matter of time before the severance gets changed again.
Letting go of tenured employees and remote positions was such a smart decision, NOT. USAA lost its understanding of CORE values, we fixed your consent order, but it will come back with a vengeance. KARMA is a MF!!
@a1 Agrred. Add to it, how do they expect to get the best out of employees if they are constantly worried about the job? Will MSAT scores drop a bit as a result of turmoil? Will productivity fall since folks will be taking interviews during work hours? Job seekers will continue to flood the open positions in the market. Juan needs to explain his dictatorial edicts. Purely financial for his bonus? Or is AI really that tested that the results are attainable and they are getting ahead of the curve to copy real companies?
Seems like they let go of the wrong people. I know of extremely talented people who are passionate about their jobs but they were let go. I noticed some heated conflict within their teams with the better guys let go while the "noisy empty can"-closer-to- their boss remains. They were thrown under the bus.
@OP you could be more right than you know. A stressful time for those let go but a layoff allows at least some benefits. Those left will have to CYA daily because they will be looking for any reason to terminate employment which allows for no benefits.