Thread regarding USAA layoffs

USAA is a sinking Titanic. Get out when you can

I know this post will hurt some feelings but be practical. Think about your future and your dependents future and start looking out first a job before you and your team gets layed off.


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| 3001 views | | 11 replies (last October 21) | Reply
Post ID: @OP+1k7n9tchr

11 replies (most recent on top)

@a6+1k7n9tchr
Aside from a very few exceptional years under one CEO, USAA is not an industry leader. USAA promotes as a leader across the board, but it is just gaslighting. If you have lived in San Antonio for any extended period of time, you would understand that USAA is NOT a good place to work. They kept 30% of the workforce as contingent in order to make their numbers look good. This company cares nothing for its workers or customers. Even their technology is embarrassingly outdated. If anyone believes differently, then you are not paying attention. USAA has always been an intimidation to quit machine.

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Post ID: @14f+1k7n9tchr

People saying our benefits are wild. People please do some research. We are average to below average.

Banks with better benefits:
1: JPMorgan Chase / J.P. Morgan: pay, equity, wellness and health far exceed.
2: Goldman Sachs - pay, bonus, equity, 401k match, health benefits far exceed
3: Wells Fargo- about same. The health benefits options far exceed ours
4: BoA: stock for bonuses on top of cash, sabbatical, base pay highest in industry.

  1. CapOne: runs circles around us in every aspect
    6: Ally: 401k, health options, PTO - all better

Insurance: this is where it gets crazy
Every single competitor out pays us, much higher bonuses, far superior medical and other insurance benefits have the lowest rates of layoffs, plus equity.

Even navy federal is out paying, out bonusing and providing more healthcare options.

The “target” is to have 70% of employees at the 90% tile FROM THEIR MIDPOINT. With how small USAA is, it’s a perfect storm for inequalities in pay.

So to recap:
Lagging pay
Lagging health care options
Lagging 401k
Lagging PTO
Yes we have a pension: speak to HR mentors. Less than .5% of employees ever get their pension

But I guess we get to work with brilliant minds and get our healthy points

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Post ID: @g9+1k7n9tchr

@ag oh really?

Pay well: I know for a fact that salaried employees in bank work at minimum 50-55 hour weeks.

Benefits: not what they once were, can’t forget the line from a VP in HR, “we over invested in our employees and now need to get in line with industry standards.”

Loyalty: no longer exists with USAA.

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Post ID: @fa+1k7n9tchr

I like the new CEO. He’s Juan in a million!

I’ll be here all night, people.

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Post ID: @ec+1k7n9tchr

Lots of work from home slackers monitoring this site, shocking lol

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Post ID: @e6+1k7n9tchr

@ag paywell? Yes
Good Bennie’s? Yes

50 hour per week minimum? Yes

So are you really ahead ?

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Post ID: @dp+1k7n9tchr

Or...work hard. Offer to take on new projects and rarely say no when asked to do something.
I have doubled my salary in about 7 years. This place pays well. Great bennies and a ton of vacation time.
Eventually, maybe I'll get laid off. But right now USAA is a great place for people willing to get the job done.

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Post ID: @ag+1k7n9tchr

A bad leader doesn’t destroy a company overnight—they erode it slowly, decision by decision, until the foundation crumbles and everyone wonders how something once so strong ended up on its knees

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Post ID: @a7+1k7n9tchr

So disappointing — a firm that was once the best in the financial industry, built on a great purpose, has truly lost its way.

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Post ID: @a6+1k7n9tchr

Only for you work from home slackers, the rest of us are fine.

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Post ID: @a3+1k7n9tchr

@OP - unfortunately, that is the reality.

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Post ID: @a1+1k7n9tchr

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