The layoffs at USAA affected roles “across most of our offices and different functions,” spokesman Christian Bove wrote in a statement.
, down from a $3.3 billion profit in 2021, and just over $36 billion in revenue in 2022, a 3% decline from last year. The company’s net worth dropped to $27.4 billion from $40 billion.
The layoffs affected roles “across most of our offices and different functions,” spokesman Christian Bove wrote in a statement, which was first reported in the San Antonio Express-News. The company employs roughly 37,000 people, about 19,000 of those in the San Antonio area. Bove wrote that USAA continues to hire, but it “continues to make necessary adjustments to run a healthy business and provide members with exceptional service and competitive prices.”at One Riverwalk Place and 300 Convent St. to expire.about 475 people, saying the cuts affected roughly 1% of its workforce. That followed at least 220 job cuts among the company’s real estate lending staff in 2022.
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