Thread regarding USAA layoffs

Layoffs in 2025 and 2026

The only reason I can think of to jettison WP and replace him with a Board member is cost-cutting. I believe WP was hired as a turn-around agent. By and large he didn't succeed. So they're sending one of their own to do it. It will of necessity require cost-cutting measures. I predict we'll see across-the-board layoffs this year and in 2026. I'm thinking a general 10% RIF to cut costs. No one will be off the list of possibles. Explains the harsher PEs this year. They'll be used to draw up the list of ppl to be let go.

This is just my speculation. I have no solid evidence in this direction except a gut feeling which is hardly scientific.

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| 5061 views | | 5 replies (last March 5, 2025) | Reply
Post ID: @OP+1jnc4hckj

5 replies (most recent on top)

Felon Musk is happy and is throwing Na-i salutes in support.

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Post ID: @n0+1jnc4hckj

Yes Bank is going hard on layoffs this year. Plan is to replace most of mortgage team and customer contact with outsourced Indians via Tata and HCL. It's already underway in ECIO. If you get laid off watch for USAA H1B applications. They are starting to submit now.

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Post ID: @ke+1jnc4hckj

@aq+1jnc4hckj

USAA has a history of firing people for performance issues where other places will try to lift you up. Especially in this cost cutting environment they will find any reason to terminate an employee

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Post ID: @e3+1jnc4hckj

Once a firm is caught doing bad things and fined accordingly, the layoffs become part of the business agenda. Add in AI and the numbers will double.

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Post ID: @b4+1jnc4hckj

I believe it, I know quite a few who were let go last week due to based off EOY reviews. This girl on my team was one, she was rated as ME, but was told the work accomplished didn’t equate to her job title and was let go.

It’s going to be a very stressful 18 to possibly 24 months for all bank employees, Michael Moran preaching about turning a profit this year, only way to save money is to cut the workforce, which I believe is going to happen each quarter and possibly into half of 2026.

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Post ID: @aq+1jnc4hckj

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