We’ll get through this together.
23 replies (most recent on top)
@f1 lol that low key su-ks for the all the managers that had to write performance evals for all those employees.
@en it’s revenge for the smug bullsh-t “I want to wfh and clock in 3 hour workweeks or I quit” from 2020-2021
All the “me me me” from employees for those few years really pi---d off EMG
Especially because USAA is such a benefit stacked company
@jd yes I know which P&C team you were talking about, supposedly these new EMGs are the “highly qualified” and smartest…LOL, one of them got kicked out from their original team and had no relevant experience whatsoever, laughable and pathetic
@df there will be a minimum of 2-3 more rounds of layoffs this year. Like there’s been almost like clockwork for the last 6 years.
@j3 agree 100%! Ironically in my area they grew the number of EMGs from 5 to 9! That’s some great “reinvention”
A true reorganization should be getting rid of board members and EMGs, they are making way too much money and they ran the company into the ground!
Few people in CFO were told there will be layoffs in late February.
Well nothing today - guessing maybe later this week or next given annual reviews are coming up quickly. Especially if the intent is to fire folks instead of layoff. They are definitely messing with the bonus structure for this the 2026 year given the scorecard email.
@df this is the new USAA the BOD wants, everyone fearful for their job. And the BOD is only going this route because they know the job market is awful right now.
Are those just for bank LOB?
Any other layoffs in other areas?
I just wish we knew if layoffs will be announced this week or next. The waiting is brutal.
Feels like execs run Bank as if it won't be around (or they won't be around). All band-aids, never addressing root causes
Please sell the bank...please sell the bank...please sell the bank
@bc worst kept secret in the bank, talks of a massive reorg/restructuring have been going on since late September, main reason why a lot of positions in bank have not been backfilled.
Can a little bit of info be shared? Ominously hinting at a big announcement is great but what areas are we talking about? How big is this big announcement? Leaders in all areas or certain ones? When are the rest of us going to find out?
Leaders who will be affected by this restructuring in the bank will probably find out late tomorrow, but will be told to “keep it quiet” until announced.
@an I know exactly who/what you were talking about…this “leader” always says things that equate to nothing, spinning the story seems to be their only leadership style…the silence from the audience after her speech says everything
@at big announcement in bank coming this week, so wouldn’t be shocked if layoffs are to follow.
This week is 60 days out from 4/1 which is a budgeting cycle. Would not be surprised if they are major announcements this week.
Been hearing phrases such as “we are not growing”, “I expect our team to constantly evolve” (I mean, duh, each team is aligned to geographic locations, so “evolve” how, ma’am?!) So yeah, stay away from all the psychological warfare, and stay professional, because she appreciates our professionalism while didn’t offer much of her own!
@a7 just alot of uneasiness in the bank. Mike Moran did morale no favors on 10/29 when he all but guaranteed a large round of layoffs to start the year. With the first part of the restructuring of the bank supposedly coming this week, that will lead to layoffs, especially if the goal is to combine teams and those people leaders who survive this round of layoffs, they’ll have anywhere from 20-25 direct reports.
@a7 yes large round of layoffs coming our way
Did something specific happen?