Great News for the San Antonio Metro! (Bowie: credit, layoffs)

[cr1039]

Originally Posted by perticusrex

I agree that an advanced degree from a good school is a step in the right and best direction - but I've also seen plenty of FANCY degrees from the HIGHEST profile schools get boxed up and escorted out the door.

Yep, that will get you an interview for sure but does not *secure* the job when and if you get it!

[cr1039]

Originally Posted by V3rtigo

correction:
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.

While not the best case scenario...a large group of USAA employees moving to SA will need housing, entertainment etc.

So at least they will be spending their money here...

Why do you mention that once being relocated here that they may then be terminated?

[pr57001]

Originally Posted by cr1039

Why do you mention that once being relocated here that they may then be terminated?

Likely just another big-corporating-hating jaded individual.

Relocations have a positive influence on a local economy. You move, you are probably going to buy a house, you're probably going to want to fix the house, you probably won't like all of your existing furniture. The real estate agent you used to buy your house can buy a car with your commission, etc.

[V3rtigo]

Originally Posted by cr1039

While not the best case scenario...a large group of USAA employees moving to SA will need housing, entertainment etc.

So at least they will be spending their money here...

Why do you mention that once being relocated here that they may then be terminated?

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.

[Bo]

Originally Posted by V3rtigo

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.

That makes little sense. Relocation is bound to be more expensive than severance pay. Remember that the folks being relocated are hourly call center workers.

[lemonfresh]

Originally Posted by V3rtigo

correction:
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.

Oh god, your act is so stale it's funny.

From: USAA relocating 240 to San Antonio (http://www.mysanantonio.com/business/local/USAA_relocating_240_to_San_Antonio.html - broken link)

USAA (http://www.mysanantonio.com/business/org_detail.html?orgcode=D2336AF42E67429DBF9565991E 371357 - broken link)'s San Antonio headquarters will become home to 240 employees who have accepted relocations from offices shut down as part of an efficiency initiative.


The financial services giant on Thursday announced where employees from its offices in Sacramento, Calif., and Norfolk, Va., would be going. Company officials said 550 of 1,075 employees affected by the consolidations elected to stay with the company in San Antonio; Phoenix; Colorado Springs, Colo.; and Tampa, Fla.

So, of the 1,075 that were asked to relocate, to four other locations across the country, 550 of those 1,075 chose to relocate. Of those 550, 240 chose San Antonio.

As for your "they'll just terminate them after six months" bit. How insane of a concept is that? My god, do you actually believe that?

[V3rtigo]

Originally Posted by Bowie

That makes little sense. Relocation is bound to be more expensive than severance pay. Remember that the folks being relocated are hourly call center workers.

hourly or not, it adds up. severance is approximately 2 week per year worked at usaa, so a 25 year vet would take home almost a years salary. we're not talking about executive level relocation. theyre not buyng their houses, etc. we're talking about a few grand in moving expenses.

[V3rtigo]

Originally Posted by lemonfresh

As for your "they'll just terminate them after six months" bit. How insane of a concept is that? My god, do you actually believe that?

it might be insane, but it happened with usaa less than 10 years ago. linking to a mysa.com article doesnt change history. usaa has a lot of insane directives, like their 20-40-60 rule.

[lemonfresh]

Originally Posted by V3rtigo

it might be insane, but it happened with usaa less than 10 years ago. linking to a mysa.com article doesnt change history. usaa has a lot of insane directives, like their 20-40-60 rule.

First, provide some type of tangible proof aside from yourself.

Second, even if that occurred, it was 10 years ago. There is different leadership/higher ups at USAA now.

[Camper1]

Originally Posted by V3rtigo

it might be insane, but it happened with usaa less than 10 years ago. linking to a mysa.com article doesnt change history. usaa has a lot of insane directives, like their 20-40-60 rule.

What's the 20-40-60 rule??