Thread regarding USAA layoffs

Thank you, Juan C. Andrade. You're right. Everything is good. Nothing to see here. For the record (which I can't be specific about since I don't want things pointing back to me)... There could be something to this June/July thing. There are certain projects that would usually be hitting the teams I am part of... this time of year, we'd see something coming through for later in the year... and it's SILENT after July. Maybe it's nothing, Juan... and we are all good. But last year I saw them gut a department filled with experience and knowledge. PEOPLE WE NEEDED who were ESSENTIAL. With them gone, our jobs got harder. So it's not fearmongering; it's experiential learning. This company will dump people to make the organization look good financially... but really weaken the backbone of the organization. Short-term wins over long-term success. "Taking Care of Our Own" seems like leadership's message to themselves. Enjoy the company jets and the executives working from home and traveling in and out and expensing it all (oh, and their nice bonuses)... while the rest of us wait to find out if we are going to be taken to sla-ghter in 2 weeks. And this site is literally called The Layoff... It's supposed to be a gossip mill, because we all know little bits, and by sharing what we have heard or seen, we can put a larger picture together.

Because as we all know, leadership WILL NEVER be transparent on these things. And after it happens, they will say, "These were our friends and coworkers, not numbers... so I won't get into talking about how many were affected out of respect... And we are still working to be agile and will take the business to new places as things warrant." (Literally said that last time... all cr-p.)

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.