Thread regarding USAA layoffs

I’ve also been hearing Seniors and Leads are in the crosshairs… Trying to have lower levels at less pay. As a remote at senior level, job security and moral has been low for a while…

How do I find out what the current market value is for my role? Does USAA have this data readily available if I were to ask my director?

I’m towards the bottom of the pay scale for a lead but still worries me because if you have good seniors on your team you don’t need the leads.

Do you have a definition of "long-tenured"? Is that over 10 years, 20? Is it not defined?

HR has been ordered to focus on all Senior, Lead, and long tenured employees. They are comparing each employees pay to the current market value of the role. If you are at or below market then you are safe. If you are above then you may need to get your resume ready. They want to reduce Seniors and Leads company wide. Replacing them with much cheaper intern hires and lower level analysts.

The paybands are listed in new job postings.
Senior Engineers are 106K to 192K
Leads are 117K to 211K

That's base salary, no bonus, holiday bonus, or anything else.

What is considered a bloated salary? All we have ever heard or understood is our pay range midpoint and leadership trying to keep us typically under midpoint or just at midpoint but surely not over.

The $150-170k comes from anecdotes and data from the website levels.fyi

Interesting. I thought software leads had a higher base salary at around 185k to 210k.

A “typical” software engineer lead makes around $150-170k base plus bonus. Leads also have a higher bonus target. It’s either 20 or 25% rather than the usual 15% most of us have.

The salary varies a lot and depends on your experience, education, whether you joined external or worked your way up, etc.

Just wondering how much a software lead gets on average at USAA can anyone give me some data points? I am a engineer senior and I joined recently with a salary around the 150k mark.

What is PME?

I know my department has a lead that is pointless. I know my team is over-inflated but we have rotations they could end before laying anyone off. I also know that I am very highly paid for my current role. I have been feeling pressured lately but I can't afford to quit. They got me by the paycheck!

I’m a lead and I’m remote, kind of a double whammy. I’ve kind of thought this all along - we are supposedly at the same level as a director without any of the managerial responsibilities so I’ve never thought it made sense.

This this initiative USAA wide or just within certain orgs?