Almost 600 employees impacted this week by layoffs, and not one word from USAA about it, as an employee I find that extremely disturbing.
16 replies (most recent on top)
It was 5% cut. Yes. But not by numbers, but by costs. That’s why we continue to see high tenure, high cost employees get laid off in some areas and other areas go for sheer numbers.
@c7 looks like both numbers were wrong, our team just had a impromptu sync with our AVP, who confirmed it was a 5% cut in workforce, USAA has close to 30k employees, so 1500, that’s not small scale. Maybe for places like Amazon & JP Morgan, but for USAA, that’s a lot, and needing to be down even more by the start of Q3.
Regardless of number, there is nothing to LOL about being laid off.
@c7 you talking about the October 29 layoffs, that number is between 275-300, so yeah about 300, majority of those in bank. When this last round was double of occurred just 90 days ago, that’s not a small scale, especially when it’s the sake area hit. Nothing funny about being laid off and watching employees leaving in tears, I hope it never happens to you.
@a5 lol it wasn’t 300. Yes this was a small scale.
@bv they probably mean not talking to the media or blasting it on social media. I’m guessing USAA didn’t like the MYSA article about the 10/29 layoffs.
@bt Not mention to anyone? I'd think those you work with would notice if you weren't working anymore?
I was on PTO when the AVP called me Thursday morning at 8am informing me they tried contacting me yesterday (Wednesday) and why didn’t I return any calls. After he told me my role was being eliminated, then said if I mention this to anyone before the 60 days is up, I’ll lose the severance.
What is the severance now?
@aa What now, this company wants to shut us up, even threatening you with not getting your severance? That doesn't seem right, that's a red flag for this company. It proclaims a no-retaliation policy and now it threatens to retaliate. Must have come from HR which didn't check with Legal first.
@a4 what post on reddit?
@ad wrong, silence is very bad.
No news is good news
As someone who was impacted on Wednesday, I was told since I was still technically employed for the next 60 days, that if I said ANYTHING to anyone, I’d lose my severance.
@a3 small scale? You call almost 600 impacted a small scale? You know back in October the number was around 300 and we had an impromptu bank town hall that afternoon around 1pm.
Posts on Reddit suggest there will be a lot more to come, in P&C, so it will just be a new normal
You’ve said this…multiple times. USAA almost never does nor never has sent mass communication about a layoff. Especially on this small of a scale.