Thread regarding USAA layoffs

I wish this wasn't true

I can only speak for the banking/finance aspect of things as my experience hasn't been in insurance but within the finance world, USAA is a joke. It's actually a liability to bring someone over from USAA into a SIB since everything they learned there is wrong and puts their would be employer at risk. Their compliance departments are a joke

( Copied from @1lvb+1n6g4ULj ) Or is it unfortunately the truth?

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| 1881 views | | 7 replies (last June 20, 2023) | Reply
Post ID: @OP+1ndWn8Dp

7 replies (most recent on top)

Agree with a lot of what you said. Only reason USAA is mentioned among the JP's of the world are the amount we have in assets. But yeah, until we do global and commercial/corporate banking in multiple countries and currencies, then we're just a big bank on paper. Hence why we have all of these compliance/regulatory challenges.

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Post ID: @iur+1ndWn8Dp

Apples and oranges - USAA is a mid tier credit union.

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Post ID: @wph+1ndWn8Dp

I agree that I am finding a lot of interest in my credentials, but USAA is going to end-up being short term for me. I am leery of staying any longer. But, c'mon, they are no comparison to JP Morgan Chase!

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Post ID: @lig+1ndWn8Dp

I would like to start out with I am absolutely disgusted by what has gone at USAA…..but I don’t agree with what you just said. I recently just left and landed a pretty big promotion with one of the larger banks. I also know a lot of people in the industry and they have no problem hiring. I would say the only part that could be true is if you never worked anywhere else but that might be a stretch too.

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Post ID: @wvw+1ndWn8Dp

You can google to do comparisons. While with JP Morgan Chase, the Bank did the world's largest single money transfer to date. It was huge, and announced over the announcements system. Let me quote another fact: "At J.P. Morgan, payments are our language. We process nearly $10 trillion a day in more than 170 countries and 120 currencies."

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Post ID: @flu+1ndWn8Dp

Only you can answer that question OP. Ask yourself, since joining USAA what work have you done that would put you in competition with one of the top 4 banks?

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Post ID: @zvt+1ndWn8Dp

I expect this to be very true.

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Post ID: @fdl+1ndWn8Dp

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