USAA today announced a reorganization resulting in the loss of 1,380 out of 24,000 jobs. The San Antonio, Texas-based firm cut 5.5% of its positions yesterday after a month long review process.

"They were across the board," said USAA spokesman Tom Honeycutt, adding, "They were not, however, in any customer contact units." The investment unit also remain unscathed, said Honeycutt.

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