This seems like a clear pattern and a major problem, doesn't it?
10 replies (most recent on top)
FTP
@fh even worse is when a team doubling its EMGs while shrinking its individual contributors…as if we need more high paying positions who do nothing but supposedly “strategizing” and picking out typos in fancy PowerPoint slides
@dy well we hired and promoted like drunken sailors for the 5 years. All of these risk and compliance people around are $165k at a bare minimum right now.
$165k is a LOT of money for an individual contributor at any company now. Yep, they are definitely going to repost that at $95k.
@bc accurate. But almost all early retirement was offered at the beginning of the month
@ba ER told me that there won’t be a severance if you choose to accept a retirement option.
@a5 one more, they brought in their buddies!
37 years of dedicated service and 1 year from retirement age that I have publicly announced for the last 6 months and started the one year countdown on my desk. On PTO when I got the call!! I just pray I get my full retirement benefits along with the severance due (cut back as the retiree benefits are now that the retiree health insurance is cutback to almost nothing). Praying for all those impacted.
So they can repost their positions at lower levels.
@OP for the last 5 years the trend of people laid off have one or more of the following attributes:
has 10+ years at USAA
makes $165k or more
been on fmla
has a JAR
there’s a personality conflict with their boss
remote employee close to a campus