I've heard more rumors about layoffs continuing throughout the month. What are the chances that's not true? I'm so exhausted from layoffs that I could use at least some time not to have to worry 24/7.
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I haven’t heard anything and I’m fairly high up the chain. If history serves us right expect big cuts in March.
I haven’t heard much chatter about layoffs this time around, but there is a ton of smoke on a re-org in the bank by end of year, as with all re-orgs could lead to layoffs for 2026 Q1.
USAA would do that, laying off employees right before the holidays!
Happy Holidays, now you can stress about finding a new job during the Q4 hiring freezes most companies have.
@1jp your math is wrong. January 1st would be the first pay check of 2026 but it’s a holiday so payday is on 12/31. The pay period cutoff is 12/27. 60 days from that date is 10/28. Layoffs are still possible this quarter without going into 2026.
@1fh if next week is another round (assuming it’ll be Tuesday like the last 2 rounds this year) that takes the final payout of the 60 day notice to the 1st pay check of 2026. The goal would be to have those affected off the books before end of year.
Then again, recognition events this week and the announcement of the holiday parties today, it would be typical USAA to have another massive round of layoffs during this time.
Notifications come out next week. Heard it’s a big one. Hold off on buying your kids that new Playstation for Xmas. May the odds be ever in your favor.
@12m I understand that the Workday change to "Absence" was in the system from the vendor and not driven by USAA/HR.
I noticed HR was hiring for their team - one role was for high volume recruiter. Then again whatever yahoo made the decision to change the term “Paid Time Off” to “Absence” in One Source should be on the next round of layoffs - seriously….why?
Another reason the bank has become more profitable is because fraud losses have decreased by over 10m per month in one area alone - guessing overall it has decreased for the bank so those are some wins for Mike.
@pn true, but the final pay period of the year ends on 12/13, anything after goes into the first paycheck for 2026, so if there is 1 last round for the year, it’ll be this coming Monday or Tuesday.
All bank employees, layoffs will be the norm probably until late 2027. Hopefully by then the bank is able to offer products to members and they can make a profit that way, instead of what is going on now with cutting/laying off over 1k FTE & contractors so far this year.
If USAA (probably in bank) was to do a final round of layoffs this year, it would be this upcoming week, as they want you off the books by 12/18 which is the final pay date of the year.
Then it’ll be silence from late October until late Q1, that’s when the next set of layoffs will occur.
Find a coin to flip and report back with the results.
Would I be surprised with another round of layoffs, no. But with the bank it’s all but certain there will be 1 more round sometime this month. If HR is canceling job reqs after the interviewees have been selected, that’s normally not a good sign for that specific area, either layoffs are coming or a major re-org is in the works, which yes, could lead to layoffs or making people reapply for their job.
One more round this month, after that in Mid Feb 2026
My fellow employee, we fully understand the concerns.
Like another reply stated, going by the last 3 years when layoffs have now become a normal occurrence every quarter, the company would want those given their notice to be off the books before Christmas, so typically mid October and then it’s calm from Nov-February, then the storm starts again for the next 8 months making people worry once again.
I understand your concern but I really hope you also consider letting go of that 24/7 worry. Control what you can control. S**t will happen regardless of how much you worry. Live your life and be present for yourself and your family. All the best.
I love how the EC clowns claim productivity would increase with RTO, but constant layoffs reduce it. Zero sum game. Juan/Wayne can both s$ck a bag of deep fried Richards.
why even hire if they just continue to layoff?
Historically speaking, it’s probably true. But usually after October there is a break November through January with them picking back up February/March.