Can someone breakdown exactly how new people are getting approved to work at home and approved for leave? Doesn't FMLA start after 12 months?
Headcount September Layoff?
Does anybody know how many employees (final count) were let go in September? TIA
Burnout is a serious issue
And it’s not just about the workload. Everyone’s worn out from all the drama happening at USAA, including the never-ending layoffs. And does management even care? Not at all! They're overjoyed when they see any of us give up and leave without them... — read more
Layoffs definitely hinted at
It would seem that rumors about layoffs haven’t been unfounded. If anyone finds out more, please share.
Emergency bank townhall
Anyone know what this is about?
Layoffs in the next two months
What are the chances of more cuts in the next two months?
October Townhall
And ..... go!
enough
The constant bullying and favoritism is wearing me down and undermining my confidence. They finally broke me to tears but I need the check. I'm not the same as when I joined the company. And now I'm battling cancer!
ECIO Townhall
Amala did a wonderful job on explaining 2030 vision. I’m new to the company and I feel so confident. I saw lot of people complaining about her, she is an awesome leader.
If you're leaving USAA, make sure to use your PTO
First time posting here. I left USAA about a month ago. I provided more than 2 weeks notice because I needed to wrap up some projects before my last day. How does USAA repay me? By not paying me my leftover PTO. They referred me to their PTO... — read more
High performers don't stick around USAA anymore
They are leaving in droves. Why stick around when you know that being a high performer and good at what you do will not shield you from layoffs?
Question re: severance package
I have not been laid off yet, but with the amount of org changes and upper mgmt leaving in my area, I can see the writing on the wall. Can someone who has recently been impacted by a layoff let me know what the bank severance package looks like? Is... — read more
USAA illegally denied my short term disability claim, looking for others to possibly join together on legal action
After a year of fighting for pay that Wayne made in less than 3 hours of his time, USAA (and Lincoln Financial) have officially denied my claim. I will be seeking legal action against them and am interested in knowing if there is anyone else USAA... — read more
Probably not true ... But we can hope.
Rumor has it that Wayne and some cronies are about to be investigated by a grand jury for fraud of some kind. But probably just wishful thinking.
Financial Crimes Org
Any thoughts on the financial crimes/fraud org and how it's being built? Isn't there new leadership?
Can we learn anything from State Farms bank selloff
How many jobs were lost?
A total mess
I joined a year ago and I can tell you that this place was a mess from day one. It was clear from the start that the management was unprofessional and clueless, with bad decision-making and no sense of responsibility. They don't seem to care about... — read more
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.
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?