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.
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#
Was only a matter of time
Tough to get into a big 3 bank with this trash on my resume smh
Severance package offered on separation date. That's 60 days?!?!
The guidance documentation is clear about finding another job and that severance package is on separation date. I'm too anxious to wait on a response from HR. What if one were to find an EXTERNAL job before the 60 days? Does that mean no severance... — read more
From an article: USAA Bank again lays off employees with goal of ‘getting back to profitability’
Once again, we're trying to cut our way to profitability. It's been tried before. It failed. More than once. Who's going to let the top brass know that doing the same thing the same way over and over again and expecting different results is the... — read more
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
Do we know the total number of affected people?
I am seeing people mentioning around 600.
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
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?
AML
AML Compliance was hit with layoffs
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
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
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
Here we go ! Layoff updates ?
Here we go
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
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?
Hearing fraud investigation layoffs
And especially when in bank…
Will we ever be out of consent order?
And if we do how many layoffs will occur?
Sept 24 Layoff-Bank
Keep hearing this date for bank. It’s getting closer. Anyone in the know?
PTO
If I quit, do I get payout for the unused paid time off?
5 day RTO coming soon!
There’s talk happening about following amazon with 5 days in office
Hows fraud investigations
People have been interested in going there, are they out of backlog? Is it a mess?? Hows the pay??
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
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.
More Layoffs?
Been hearing rumblings that another round is happening before the end of the year. Any insight?
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!!
Pay Day
Hello - what are the employees pay days at USAA?
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
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.
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.
New CISO has a layoff plan
Sorry folks not to be trusted
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.
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