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Old 04-14-2009, 04:54 PM
Location: South Side
3,770 posts, read 6,983,741 times
Reputation: 2848


Originally Posted by V3rtigo View Post
why would you pick the same letter twice?
I wasnt sure what a "layof" was......
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Old 04-14-2009, 04:57 PM
1,131 posts, read 1,380,862 times
Reputation: 493
Originally Posted by V3rtigo View Post
i'm sure it is. ive provided enough links that people can come up with their own conclusions. youre nobody that i need to answer to.
No one says you have to answer to anyone but public opinion will decide that you're full o'stuff when it comes to what you're saying.

All you've provided was a article that states USAA layoff 1,400 people in 2001.

Awesome show. Great job!
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Old 04-14-2009, 05:05 PM
2,864 posts, read 4,632,847 times
Reputation: 1461
USAA relocating/buying out 1100 employees in other cities. 250-1000 will be relocated here. this is not a sign of strength and nothing to be excited about. this also means no new hirings here in SA, only relocations. once relocated, they will probably get 6 months before they are terminated as well, as per USAA standard operating procedure.
Originally Posted by V3rtigo View Post
that's what usaa did the last time they relocated people. it's an effective practice they use to limit their severance payouts. those people relocating here will need housing, food, etc. until they are terminated, which will mean more people on unemployment, more foreclosures, etc.

for example, earlier this decade, they relocated 1300+ people, then had 1400+ layoffs in san antonio. this is also when usaa brought on 1000+ indian contactors.
I guess I don't understand what is accomplished by relocating employees, and then terminating them shortly afterwards. If a two-week-salary-per-year-of-service severance payout policy is what is holding them back, then why wouldn't USAA just rescind the policy?

Even if it is in writing, employers can change or cancel a severance policy. I know; I worked for a company that did just that. They canceled a long standing written severance policy, then eliminated 25% of the workforce without a severance payout after the effective date of the change.
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