Thread regarding USAA layoffs

5/16 Layoffs

Thinking about everyone today at USAA. Mark yourself “safe” or “impacted” from today’s events and your areas.

I haven’t heard anything myself yet and I’m in the Bank. No news is good news.

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Post ID: @OP+1mE8Rw2V

31 replies (most recent on top)

About 70 in ERC- I was told enterprise wide the true number was 400.

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Post ID: @1mnf+1mE8Rw2V

https://www.mysanantonio.com/news/local/article/usaa-layoff-18103341.php

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Post ID: @1jwq+1mE8Rw2V

Actually, it sounds like AML Quality had a couple mid-management hits.

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Post ID: @1vwz+1mE8Rw2V

AML Quality is safe ugh feel terribly sad for the others.

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Post ID: @1xnz+1mE8Rw2V

40 people were let go in PNC A&A today.

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Post ID: @jht+1mE8Rw2V

Which post stated the 300 as previously stated?

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Post ID: @bln+1mE8Rw2V

So it was about ~350 people across the company, with the most being in Bank (digital, DPO's, etc) and Risk related roles. Some P&C leaders were also affected as they flattened some of their org structure. Doubt this is it for the year. More will come, I'm sure.

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Post ID: @bas+1mE8Rw2V

Per Jeff Wallace, about 57 in CFO. Confirmed around 300 laid off as a previous poster had informed a couple days ago.

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Post ID: @iul+1mE8Rw2V

CFO just got their “huddle” scheduled this afternoon.

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Post ID: @jfy+1mE8Rw2V

Impacted - bank digital

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Post ID: @ogm+1mE8Rw2V

Which areas are being affected? Have heard rumors of AML in Bank, but also P+C

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Post ID: @tas+1mE8Rw2V

Nothing in the news about any of these layoffs

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Post ID: @gth+1mE8Rw2V

23 people in KYC. Handful of managers and the rest of them analysts. Around 10% of the dept. Impacted SA, Plano and CLT.

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Post ID: @vbx+1mE8Rw2V

Many people in Talent Acquisition were notified today. Not sure of the number yet.

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Post ID: @tpq+1mE8Rw2V

Just heard it hit HR with culture enablement.

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Post ID: @slv+1mE8Rw2V

I can second that AML Quality was not hit at this point.

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Post ID: @btc+1mE8Rw2V

AML quality was not hit. Don’t trust anonymous online forums

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Post ID: @ccf+1mE8Rw2V

1 team in ERM ( dir, sr. analyst and lead - 3 people)

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Post ID: @wyv+1mE8Rw2V

Can’t find anything about the CFO

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Post ID: @sfv+1mE8Rw2V

That's why the amber alerts are so important my people. Make sure you do them gold screens we got the bank to thank for this. We know what it means to get served by regulators, money is money, fines are fines. Mom and pop shop has\had to stop. Everyone else suffers but not top brass, we did not start the fire by billy joel . you must comply says ED 209. All about the BBC better be compliant. Been broken for decades.

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Post ID: @pxe+1mE8Rw2V

Someone posted on Fishbowl that CFO was impacted as well

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Post ID: @lpi+1mE8Rw2V

EORM QC and RCSA were notified this morning

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Post ID: @xkz+1mE8Rw2V

Previous KYC compliance analyst that just got the 60 day. This company stopped caring about quality of work and it’s a shame.

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Post ID: @uyr+1mE8Rw2V

AML quality was hit

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Post ID: @urh+1mE8Rw2V

If you were impacted:

  1. I'm truly sorry to hear that. I hope you are able to land on your feet quickly and at a better company than the dumpster fire Wayne has turned this one into.
  2. Can you kindly let us know what area you are in?
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Post ID: @ttz+1mE8Rw2V

Please share what area you are in if you are impacted!

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Post ID: @lop+1mE8Rw2V

Just got my 60 day notice

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Post ID: @aba+1mE8Rw2V

What is "all our department"?

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Post ID: @gti+1mE8Rw2V

Heard of a last minute called leader huddle this afternoon in one COSA specifically.

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Post ID: @bnc+1mE8Rw2V

All our department is being called into meetings at 15 minute intervals based on teams

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Post ID: @odh+1mE8Rw2V

So far know of one risk individual impacted. It is truly sad to see what is happening…

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Post ID: @mer+1mE8Rw2V

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