Thread regarding USAA layoffs

Layoffs today

Layoffs in Bank Marketing today

by
| 3041 views | | 8 replies (last November 20, 2023) | Reply
Post ID: @OP+1pAV7Ltv

8 replies (most recent on top)

While i agree with your right to publish here at least compare apples to apples - FSB is not a CU - different regulatory and financial standards. And yes USAA grew too fast with too little governance in place in many areas. Just cleaning up the message you are trying to make.

by
| | Reply
Post ID: @6pab+1pAV7Ltv

Yes, they are. And those pesky folks are "on point":

USAA FSB and Navy FCU were around the same size at the end of 2012, when USAA FSB had $58.60 billion in assets and Navy FCU had $52.44 billion in assets. However, Navy FCU's growth has outpaced USAA FSB in recent years, and Navy FCU now has $156.65 billion in assets compared to USAA FSB's $110.88 billion. In the decade between 2012 and 2022, Navy FCU's assets have grown 198.7% compared to USAA FSB's 89.2% growth.

by
| | Reply
Post ID: @3jxc+1pAV7Ltv

Are they sacking the last few pesky folks who stupidly suggest that maybe Bank should try to actually offer competitive rates?

by
| | Reply
Post ID: @3emb+1pAV7Ltv

Approximately how many were affected?

by
| | Reply
Post ID: @1dcv+1pAV7Ltv

What were the job titles of those affected? And did they give a reason?

by
| | Reply
Post ID: @1ucm+1pAV7Ltv

Well, she’s a cruel person.

by
| | Reply
Post ID: @nbn+1pAV7Ltv

Seems rather cruel after announcing the holiday bonus, etc.

by
| | Reply
Post ID: @qdy+1pAV7Ltv

Oh wow. That is the first I heard if it.

by
| | Reply
Post ID: @imw+1pAV7Ltv

Post a reply

: