Big rumor going around bank today is there will be layoffs in the next 2 weeks. Not sure what area’s in bank, but that is the word going around as of this morning.
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@140 Which Julie are you referring to?
It’s been two weeks.
Keep moving! Nothing new here to see folks.
Poor Mikey is too worried about his executive bonus he won't see per the consent order. Lol at him.
Chin boy got upset we called him out. One of his subs/admins had the post removed. His feelings got hurt because we don't worship him the way he thought this was gonna go. Sorry to upset you, Mikey!!!
Why are you here then? Is anyone just dying for your opinion? You don’t have to read threads that trigger you and you don’t have showcase your defensiveness. Choices.
@14b+1jsqhcbmw This site is full of people throwing sh-t at the wall to see what sticks. Even a clock is right twice a day so it’s no wonder that if somebody keeps rattling on the same thing for a good long while eventually, they’re gonna get something right. And again, not saying that it’s not gonna happen because it probably will, but there’s no reason to start riling up people‘s anxiety for no reason whatsoever it’s gonna be prepared but come on.
Does anyone have newer information on potential dates?
You do realize that this site has been pretty spot on when it has come to when layoffs will occur. The layoffs that occurred this year so far, a post on here informed us days before. Same with the April, July, October 2024 layoffs, this site let us know days in advance they were coming and what areas.
Everything under Julie. A continued focus on the risk teams that report to her along with all risk and compliance across USAA. Other teams will be those that have automated by an AI project.
Next week or at least sometime in May seems possible given the red flags. I believe they have done Q2 layoffs around this time the past couple of years.
Wait, hold up. The sky is…. Blue???
I work in the bank and have not heard of shared services. What is that exactly?
Rumors are just that. The whole vague posting is annoying as he-l. Not saying anything will or will not happen, but without something to lend credibility to the runor, all you’ll be doing is driving peoples anxiety.
Is Fraud safe?
Do we think bank treasury and audit are safe?
Morale is so bad is because of four day rto.
With the bank headcount still over plan for the year, no areas of bank are safe.
While member contact should seem safe, I knew a few who were part of layoffs last year (reps and managers).
Also you don’t just cut severance in half for no reason, you only do that when preparing to give notices to a large amount of people. I fully expect mass layoffs in Q2 & Q3 with one off’s sprinkled throughout. Wouldn’t shock me the least if bank has a skeleton crew at year end. Which means 1 person might be doing the job of 3-4 people.
And USAA c-suite wonders why morale is so bad.
Does anyone know when this is supposed to be happening? We did provide JSB a look back of accomplishments and a road map of where we are going several months ago so it makes me wonder.
The Bank Business Risk and Controls team in Shared Services.
Risk?
If teams were asked for a list of their responsibilities and they do not directly align to the overarching program requirements it is very likely trimming will happen, i.e. Risk. It is a bloated organization with a complicated structure and not much forward progress.
Bank SS is now under COO Julie, do I have that right? That’s a large area can you share which areas? Lending, Omni, Risk, all the above?
You got it. Bank shared services will see pink slips.