Saw the preview yesterday. NMC is yellow. MC is green. Best of luck for the best news today for all!
Mortgage laid off 130 employees today
It seems 130 people were notified today. Mortgage dept.
CAE scheduled all hands department meeting right after employee meeting next week. Wondering what that means. Any thoughts?
ECIO and a few other areas in the company are going through additional budget trimming exercises now. They're digging hard to cut more expenses. The previous expense cut a few months ago which eliminated contractors was not enough. In many areas... — read more
Seriously, the offices are empty and we are not client facing. Does anyone have any real reason why its three days instead of two? Like the extra day os gonna do anything. No one’collaborates’ and eveyone listens to music while they work… — read more
Anyone else watching all the comments from different companies, along with the news of layoffs, and wondering when it's our turn? The anxiety is real waiting for the hammer to drop.
Saw a brief piece in the news on this. The article was behind a pay wall so I could not get the meat of it. I wonder what the impact will be on the bank.
Anyone else noticing the high level of departure in the 2nd line?
Among layoffs and budget cuts, new hires are receiving salary increases (again!) due to “compensation review”.
I think how our IT leader has stated that cost cutting will happen so probably jobs will be cut. If someone does loose their job, does anyone know what’s the Severn we package like for someone with 3 to 5 years experience.
Not for the big wigs, but for us peons…..
Does that mean everyone is happy and fullfillled?
Just heard the rumors that this is going to be a big one right before the bonus season in Q1 2023...
So disappointing that many of the leaders that flopped at Wells Fargo are now moving into USAA pushing the same agenda. Burn and churn sad to say that’s their plan and have a lot of money thrown at them
I think that unnecessary bureaucracy does enormous damage to the company. Honestly, have you ever worked in a company that has a bigger problem with unnecessary bureaucracy than is the case here?
Fortunately, I am working on a project for which the budget has not been cut yet. However, I wonder how many significant project cuts have happened at USAA lately?
I'm not sure how they manage to lay off the wrong people every single time. Most of those who are shown the door are our best and hardest working employees. We have plenty of fat that needs to be cut. Plenty of lazy do-nothings who get away with it... — read more
Just heard the rumors, second round of layoffs are coming shortly… possibly in September/October time frame This is going to be a huge one..
Does anyone know how the company is monitoring if you’re in the office? Is it through badge swipes or do you have to be on the internal corporate network for certain hours a day?
It's not that I simply dislike working at USAA or that I'm burned out, I'm actively hating it. I'm sick and tired of the stress that comes with working here. I'm sick of the politics and sick of having to clean up messes made by my manager who got... — read more
Worked 16 hours today and normal is 12. Most checked out at 1pm for early release. Could work 24/7 and still not be done or be thoughtful in my work. Manager does nothing but piles on more deliverables. Lack of accountability is astounding. Rework... — read more
Seems people hired as remote are being told to return to office. No exceptions granted. If true, feels like USAA wants people to quit. Maybe to thin the herd before layoffs.
Bank is "transforming" the roles of DPO and EO. Credit Card was hit first. They are replacing both roles with PO and BPC positions. Forcing all employees to reapply for their jobs and compete against contractors and external applicants. It's a smoke... — read more
I saw the following folks open to work on my network today. IT Director 19 year tenure Manager Senior 24 year tenure Senior Director IT 13 year tenure
The disruptive focus on efficiency and productivity over and beyond the performance management system is a waste of organizational energy and corrodes the culture
CEO just hinted more layoffs possibility coming after the summer this year
Do you hear any reorg or layoff news?
I turned down a job at USAA because they were trying to lowball me. Also, I wasn't impressed with the lack of knowledge and experience of the interviewing managers and their department seemed like it was in complete chaos. From what I've recently... — read more
I won't be able to relax the entire weekend for fear of the layoffs continuing next week. I don't understand why we're having layoffs in the first place when we're having so much trouble hiring for roles that have to be filled. Nobody is applying!... — read more
It looks like several team members are open for work on Linkedin today. What happened?
Does anyone know if the managers get badge swipe reports showing how many days per week employees are in the office?
A lot of times I hear “Dont work hard, work smart”. What does it even mean to work smart here? As much as I tried to work as efficiently as possible and avoid stress, it is simply impossible. The stress is huge. Obviously, working smart means to... — read more
Is every area of this company completely insane? Or is it just the bank? The refusal of leadership to prioritize anything, false deadlines etc creates a horrific environment for employees. Everything is a fire drill. There is no time to do quality... — read more
The Office of the Comptroller of the Currency (OCC) has assessed a $60 million civil monetary penalty against USAA, Federal Savings Bank, for violations of the OCC’s Bank Secrecy Act regulations. The OCC also issued a Cease and Desist Order against... — read more