Does anyone have knowledge of whether and when Compliance (specifically Bank compliance) layoffs are coming?
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Happening tomorrow (Tuesday) in the Bank. Org changes, role elimination, taking advantage of newly announced severance policy and more. Good luck to all!
Are you eligible for merit increase and bonus if you are in your notice period, prior to being laid off?
I strongly suggest aligning with ALL USAA guidelines, to include RTO expectations. Severance is only paid to those who lose their position due to no fault of their own. They will flat out fire you for just cause if you don't follow company guidelines. Common sense should lead your actions. Polish up those resumes.
Unless they deviate from giving notice and do pay in lieu of instead, it is already too late to avoid merits.
It would make sense for them to layoff before the merit increases are announced in two weeks.
No need for them to bump the severance payout by the 3-5% increase in salary….
If the bank had not changed the severance policy, and laid people off now, they would have been sending bank employees off with a large bonus and 1-year of severance.
Well, after the bank town hall and the cut in severance, it seems like something will be occurring. Keep those resumes ready.
There’s nothing credible out there at the moment. Not saying it couldn’t happen, which you probably could, but I’m waiting to see something more concrete than what I can find on Line either here or Reddit.
Hearing rumors its going to happen in early Feb (Bank LOB)
No direct knowledge, but the last few meetings to end the year, interim bank president all but guaranteed layoffs sometime in Q1.