Thread regarding USAA layoffs

Headcount September Layoff?

Does anybody know how many employees (final count) were let go in September? TIA

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| 704 views | | 4 replies (last 1 hour ago)
Post ID: @OP+1vixOrlB

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Yes, that's true - around 400+. Thanks for the outstanding Christmas present.

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Post ID: @ynzh+1vixOrlB

Not nearly enough to get Bank into the black.

On the other hand, Bank's problems are much bigger than just cutting costs, so cutting more wouldn't solve the problems. - Unless they finally started cutting at the top instead of the bottom.

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Post ID: @2plj+1vixOrlB

14,205 FTE as of 9/30/2024.
It was 14,563 FTE at the end of June 2024.

Given that bank has been hiring, it’s safe to say that at least 400 FTEs were laid off. On 9/22/2024.

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Post ID: @2pwm+1vixOrlB

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