Heida Kristan

Usaa Layoffs 2024. 7,403 employees laid off — see all march 2024 tech layoffs. Usaa reported a $1.3 billion net loss for 2022, according to its annual report, 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 layoffs at usaa follow a broader industry trend, with several insurers having also reduced their workforce due to underwhelming underwriting results, escalating claims costs, especially. Usaa said in may that it was planning to eliminate 300 positions nationwide in another round of insurance.