The layoffs won't stop until they get what they want.
25 replies (most recent on top)
@496 Except multiple sources from USAA confirm they are firing older workers and replacing with younger less pay, or contractors without benefits. So, it’s not defamation, it’s the truth.
Merriam-Webster's definition of "defamation" for the above dissenting poster: the act of communicating false statements about a person that injure the reputation of that person.
@en I love this idea and would definitely take it!
@12b+1k2w54r71
If your statement is true, then why are you at USAA if you are in such demand? ha....
Downvote all you want. I’m not the one laying you guys. Your bosses are. I’m merely articulating that your experience has become a liability not an asset - and it seems the facts and the world seem to see that as well. The faster you all figure that out (rather than downvoting) the faster you’ll get ahead of this mess.
USAA is forcing the “oldies” to keep working until age 65 because they are taking away retiree health insurance next year if you are under 65. Imagine giving your heart and sole and extensive unpaid overtime to a company for 35 years and the benefits you were told would be there when you were hired are pulled out from under you and now you have to work until you are 65. Us oldies have been through the good the bad and the ugly times and still stayed! We don’t get a free pass! We work just as hard as the younger employees and we don’t whine about every little thing that doesn’t go our way. We earned the salaries and positions we have through hard work, dedication, and continuous learning!! Get over yourselves and your entitlement mindset and try earning that promotion!!
No point paying a bank to a boomer when you can get better efficiency with a gen zer
@t6 yes AML is the perfect example of success and how doing things the old way is best. L-O-L
@qm “defamation” - lol. Okay.
@qm my only concern to this is that we have an older demographic in AML, that highly depends on industry exposure talent to lead the way, otherwise they would not be successful because this is a specific field. The talent here is getting burned out of leading the way and I would like a path for myself as well. Too many people without talent that depend on people with industry exposure and experience. It feels like we cater to an older demographic to lay down a path for them. Not criticizing. But at some point, there has to be an upskill development on their part or acknowledgement that something is off. I’m burned out. Yes. I’m happy to help for awhile. Emphasis on awhile.
The ageist comments in this thread are not OK. Don't broad brush older employees as "lazy". Don't normalize defamation of any demographic. It is wrong. And it certainly can be a factor in non-promotion.
@cr because oldies aren’t retiring at 65, genX is lazy and never became managers and hate their millennial managers- who are a massive population- but are literally stuck in every position from middle management down to entry level and haven’t gotten a “real” promotion (like to executive suite). So there are quite literally no roles available. Unemployment is 4.7%? We need people to retire - quickly - immediately - go.
Oldie here. I would consider a voluntary layoff offer. The biggest issue pre-65 is the lack of affordable health insurance, especially for the elderly. The high cost burns retirement savings. Retirees can try to lower MAGI to obtain ACA subsidy but that reduces the quality of retirement.
I have volunteered for layoffs in the past to protect my teammates. There are ways to swing some form of health care coverage pre-retirement but they are far from optimal. USAA might find that a voluntary layoff offer is actually a win-win.
@er what your missing is your not bringing new ideas to new problems. So companies are no longer valuing this, why you see the targets for layoffs are 10/15/20 year employees.
I’ve seen this happen at another company I worked for . Young folks are cheaper, less jaded because they haven’t been sc--wed enough to be demoralized and more anxious to please management . However, this is a recipe for major failures = another consent order .
Execs / consultants would rather cut people than prevent fires in the first place. Consultants get paid more the bigger the fires. Unfortunately they'll keep cutting people until everything burns down.
I'm one of those oldies who was laid off and I have a Master's Degree. I have not been able to find anything. :(
Older folks get more $$ because they have a wealth of experience the newbies lack.
I would actually like to see a voluntary layoff offer (with severance) go out to the "oldies". I think you'd get a substantial acceptance. The only problem you always get with that is that you may hit your goals on overall numbers, but they may not line up with goals for individual departments etc. USAA would always have the option to decline the volunteers. This would save many people who don't want to get laid off.
Oldie here, so my question is why are so many fresh grads here in the US having a hard time landing a job? I personally know of 4 who have graduated 3 years ago and could not land a job and they went back to get their masters degrees. They said it's happening to many of them. If you look at our job boards, we mostly hire experienced.
Older folks are getting 3 times money and most don’t work. We younger ones need job
The problem is it will backfire... later.
Banks can pop quickly but insurance companies can take a long time to die. Long enough for more than one CEO to get rich riding the decline.
Let's hope Juan sees through the BS that certain VPs are peddling.
Younger and smarter, because it is great business to pay someone for irrelevant skills
Short term strategy will backfire.
this is a tale as old as time OP