Thread regarding USAA layoffs

Dimon references?!? TF. Almost a decade ago. This is what yall hang your hats on as the root of the problem? Look inward. Much more inward. And if that’s impossible due to some malignant narcissism, just go find a mirror.

@e4 for bank, when Mike Moran announced the October layoffs, during that pop up town-hall, he guaranteed mass layoffs to start the year. I found out about the layoffs late on Jan 26th (Monday). That was a 5% reduction in the workforce, we need to be down 10% by end of year, so expect 2 more rounds to finish off the year.

@cb not for the last year. Not a single person clocked the January layoffs. It was all going to be post bonus payout.

Like what the memo we all got today, Dan and his minions are actively moving people and in the process of cutting people. Yes, cutting people, and that what's the memo said. So more bloodbath in the following days/weeks/months.

@cc irony is we have Dimon's layoff leftovers in house.

The leadership in the bank is terrible, Jamie Dimon would’ve cleared these current EMGs in the bank out and he would’ve never looked back!

This site has been right about a ton of things!

I can assure you that the two most recent posts/threads are 100% true and not fear mongering. People are being fired as a result of not complying with RTO and layoffs are coming to Member Protection. These are facts and like one of the other posters said, just listen to what is actually being said.

@OP a lot of USAA employees already knew what was coming long before the layoffs happened.

When leadership starts talking about “getting leaner,” “eliminating redundancies,” “simplifying operations,” and transforming “How We Work,” veteran employees know exactly what that usually means. Then suddenly managers are documenting every little thing employees do daily, weekly, and monthly while outside consultants dissect departments looking for positions to cut in the name of “efficiency.”

Mike Moran is really good at presenting it in the most polished, positive corporate way possible, but if you listen closely at each town hall, the message underneath was still the same: fewer employees doing more work.

The people still drinking the USAA Kool-Aid see innovation and modernization. Longtime employees see the setup phase before restructuring and layoffs.

By the time leadership officially says the word “layoffs,” the org charts are already done, the consultant presentations have already been approved, and employees are just waiting for the calendar invite.

Paul Mee is the hitman tho. Bring the cuntsultant in, clear house, bring in a new leader. They don’t want a new leader to be to blame, let it be the consultant.

If anyone on this site takes ANYTHING WRITTEN as “assurance”, then, I assure you, that is a misguided approach. Let’s all stay pawsitive and persist.