San Antonio-based USAA is laying off 220 employees.
What’s new at Fiesta 2024: La Semana Alegre returns, paper tickets at King William Fair, new start for Battle of Flowers“After careful consideration, we made the difficult decision to eliminate approximately 220 roles,” USAA Public Relations Director Roger Wildermuth told the Business Journal. “ USAA continues to hire, including approximately 2,900 jobs filled so far this year, but this reprioritization is necessary due to changing business needs.
Employees impacted by the layoffs are “treated with care and compassion and provided with assistance to find new roles inside and outside of the organization,” according to the company.Last year was the first time in its 100-year history that USAA posted losses on its annual balance sheet. In spite of those losses, USAA led Business Journal’s 2023 Banks by Deposits List, with $98.69 million in deposits within the San Antonio market.
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