Layoffs are coming

The employee meeting all but guaranteed we there will be layoffs this year. Like another comment in here, Wayne & co are going to see how many leave after the bonus payout, then April/May time frame is when layoffs will be announced, then again towards the end of the year. AML is all but guaranteed to have layoffs, they were forced to over hire due to the consent order work and that is at or very near completion. I know a few ppl in Bank AML and they’re trying to apply to other areas in fear of being laid off later in the year.

Bumping this for info from @1qix+1qTuul72.

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They are moving the layoffs to twice a year to improve employee morale. The random layoffs are causing employees to lose focus of the Grand Peacock’s vision for USAA. April and August are the estimated layoff times going forward. Now we only have to worry twice a year about layoffs. May the odds be ever in your favor!

Like many other banks so USAA isn't special in this area. Lets be honest there is a lot of dead weight and there has been for years.

Was this transition to fraud this week or the one two weeks ago? And what component was taken away?

A bunch of AML were just recently forced over to fraud. They also want to expand member ship and cut a key component of the AML compliance program. Nothing but another CO and massive scrambling to rehire ahead.

Is this an educated guess, or do you know this for sure? Not trying to start a fight, just curious.

I’ll wait wait for an official announcement on this one although the rumors are almost too good to pass up

Bank is going to let some FTEs go after retiring old transaction systems.

Thread regarding USAA layoffs

Layoffs are coming

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