Topics regarding layoffs at USAA

Topics regarding layoffs at USAA

Why are you so obsessed with layoff?

The banking job market is still strong. I started looking for external opportunities three months ago and already got four offers. Going to decline one and still evaluating the other three.

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| 1081 views | | 8 replies (last September 30, 2024)
Post ID: @OP+1uHryBZR

Bank HQ Moved To Phoenix Per News?

https://news4sanantonio.com/news/local/usaa-federal-savings-bank-shifts-headquarters-to-phoenix-keeps-san-antonio-operations-texas-phoenix-transferring-primary-location#

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| 1700 views | | 9 replies (last October 2, 2024)
Post ID: @OP+1uHVzH9N

This proved my point

I kept telling people around me that nobody was safe and few listened. Some of you really think you're indispensable for some reason even when the company has proven again and again that the only thing that matters is money. If you make too much, no... — read more 

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| 1000 views | | 5 replies (last September 26, 2024)
Post ID: @OP+1uH1t9gp

Lame Duck Wayne

Lame Duck CEO Wayne strikes again! He is trying his best to weasel in a bunch of self serving trash before he is thrown out the door. He is trying his hardest to ruin USAA for the next CEO. I also heard from a recruiter friend that he is secretly... — read more 

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| 1400 views | | 6 replies (last September 30, 2024)
Post ID: @OP+1uHRadZN

Is this true?

It is not over. There are a few outliers for this round, but look for the re-org announcement as early as next week. This will lead to round 2. Does anybody know more about this? Most of all, is it true or not?

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| 1440 views | | 4 replies (last September 26, 2024)
Post ID: @OP+1uGon3J3

AML

AML Compliance was hit with layoffs

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| 800 views | | 1 reply (September 25, 2024)
Post ID: @OP+1uGKTf5A

More than 8,300 new hires so far this year

Can somebody please explain the logic of this to me? Why keep hiring at such high levels just to turn around and lay off people a few months later? What's the point? Why not institute a hiring freeze? Let attrition do its thing. This just makes... — read more 

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| 2150 views | | 13 replies (last September 26, 2024)
Post ID: @OP+1uGtyQGH

Good people were let go (again)

My team is now bare bones. I have barely anyone left who is capable and reliable. What’s the selection logic, ffs? Do they ever look into anything beyond the cost? Do they care at least a little bit if we will even be operational? I know coming up... — read more 

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| 1360 views | | 2 replies (last September 25, 2024)
Post ID: @OP+1uGMtuRT

Not transparent layoffs

During the huddle this morning, our bank president was showered in praise for being so transparent? Transparency in what? From my view we have yet again laid off all the wrong employees. All of the all-star EMG fled the scene this spring. There... — read more 

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| 2300 views | | 15 replies (last September 25, 2024)
Post ID: @OP+1uGphj2a

EEOC

Does anyone lurking on here have any experience dealing with this damn place and the EEOC? I am in the beginning phase of gathering all my paperwork together for a large complaint against this company and I’m curious if anybody has a little... — read more 

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| 1850 views | | 12 replies (last September 28, 2024)
Post ID: @OP+1uDnCoWE

End of Sept layoffs rumor

Do we know for sure that layoffs will be in the last week of Sept? If so, which depts do you think will be hit the most?

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| 2650 views | | 7 replies (last September 24, 2024)
Post ID: @OP+1uCg32oQ

Sept 24 Layoff-Bank

Keep hearing this date for bank. It’s getting closer. Anyone in the know?

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| 5480 views | | 24 replies (last September 26, 2024)
Post ID: @OP+1uy5jGth

PTO

If I quit, do I get payout for the unused paid time off?

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| 680 views | | 4 replies (last September 17, 2024)
Post ID: @OP+1uxOWtet

Hows fraud investigations

People have been interested in going there, are they out of backlog? Is it a mess?? Hows the pay??

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| 1000 views | | 6 replies (last September 24, 2024)
Post ID: @OP+1utagdwu

Performance written up in Hr

Does anyone know what happens when ur boss writes u up with hr due to progress issues. The write up shows up in one source. Does this mean automatically termination or is employee given a period of time to redeem themselves. Anyone knows the... — read more 

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| 930 views | | 3 replies (last September 13, 2024)
Post ID: @OP+1us69ZwN

VP - IT Security Audit Termination

What’s going on with security audit? CAE announced that the tech audit leader -VP has been terminated with immediate effect.

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| 1810 views | | 4 replies (last September 10, 2024)
Post ID: @OP+1umMgxuh

More Layoffs?

Been hearing rumblings that another round is happening before the end of the year. Any insight?

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| 4690 views | | 25 replies (last September 19, 2024)
Post ID: @OP+1uiC3G3s

STOLEN VALOR

Good morning, USAA TEAM. This is your reminder that USAA is STOLEN VALOR. USAA is a for-profit company that preys on the military community and our hearts and minds FOR PROFIT. Our mission moments are tools to this end. We mean nothing to EC and... — read more 

Arbitration experience

I am looking for anyone’s experience with Arbitration. Did you have to pay? Did you get an attorney? Apparently we have to go through arb first m, I’m wondering what the process is like as well as the length of it. Thanks!!

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| 680 views | | 3 replies (last September 2, 2024)
Post ID: @OP+1ugk11g5

Pay Day

Hello - what are the employees pay days at USAA?

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| 550 views | | 3 replies (last September 2, 2024)
Post ID: @OP+1uglLrRl

Another Bank VP “Retirement”

Last minute VP retirement on Friday afternoon and an external replacement announced to be in place this coming Monday morning. Must be nice to retire on a whim. And what ever happened to NEO for executives? They need it the most.

Want to leave, looking for another job

Been doing it for a while, even expanded search beyond our subsection of the industry. No luck so far. It’s been only 3 months that I started, and I got some offers but they just weren’t good. I’m starting to panic a little bit, because the job... — read more 

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| 1280 views | | 5 replies (last September 2, 2024)
Post ID: @OP+1u9NpfCp

401(K) Match for Bank Severance

Does anyone know if they allow you to contribute any of your severance proceeds toward your 401(K)? If so, do they also honor the company's standard 401(K) match? I'm assuming not but curious if anyone knows for sure.

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| 790 views | | 4 replies (last September 18, 2024)
Post ID: @OP+1u7NZqIl

Unionize

Time to create a union. Management has an open door policy, HR cares so much for the welfare of the employees, and the executives sincerely want to make things better! So, talks should begin about creating a union for employees that want to join. ... — read more 

Self-serving boss

Will someone help me understand why/how my ED is in a 5-hour seminar about finance for members — not member facing because she works in HR. Meanwhile, she doesn’t care that we have more ER cases than we can manage. Disgusting.

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| 890 views | | 4 replies (last September 2, 2024)
Post ID: @OP+1u6UY4zw

It truly doesn't matter who it is

I don't think the new CEO will do anything to help any single one of us. Those who think this will bring change for the better are naive at best. These are corporate games and we're nothing but meaningless peons to them. So in essence, it doesn't... — read more 

CEO + 4 EVPs depart within 10 months

So the CEO has announced his departure, on the heels of the Head of HR, Bank President, Head of Audit and Head of Risk departing over the past 10 months. Nearly half of the senior leadership team is gone or going. I wish them well. Hard to believe... — read more 

Wayne Peacock's Legacy

Put the money aside for a moment. Can you imagine dedicating your life's work to become the worst CEO in the history of a company that's existed for over 100 years? What an incredible achievement.

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| 1300 views | | 5 replies (last September 1, 2024)
Post ID: @OP+1u62oCnR

Question about non rehirable

If you were let go and your manager put non rehire. HR says that it’s manager discretion, even though it was for one metric. Are you ever able to reapply?? I told HR that there is no reason I should be a non rehire as I did nothing explicit to the... — read more 

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| 1050 views | | 7 replies (last September 9, 2024)
Post ID: @OP+1u5bvIkT

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