I would love to believe this is true for anyone who’s laid off. But I’m thinking this would be more for someone who’s tenured with USAA and not certain individuals who’s got hired a year or two ago. If it is, then lay me off asap lol, been here less than 2 years.
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I’m a bank employee, and I’ve never felt unsure about my job until this year. I’ve already started looking elsewhere, last thing you want is to get that notice along with 300-400 people then be in competition with them when applying to other places in the same city.
Not sure about other areas, but all bank employees get a year’s severance if laid off, with the agreement that they cannot reapply at USAA for 12 months, or payback a portion of the severance. A guy who was part of the October layoffs, was re-hired last week in my area, and he had to payback 6 months of his severance.
Go/severance details the 2 severance packages.
Only bank employees get the year's severance. Reason why is because of agreement with regulators. I know folks who worked here 2 months and got a year's pay.
I make 100k and been there a little over a year. So not sure how all that works lol
go/severance/
for non bank employees its 2 weeks for every year of service or 2 weeks for every 10k in salary up to a years worth; which ever is the greater of the two. So if you have 26 years or you make 260k in salary then yes you will get a years worth of severance.
Also at go/hraz has all the hr I do including bank severance and severance for the other USAA companies
its like a percentage of salary based on tenure not a year unless you have 10+ years at the place for most it will be 3-4months max.
Bank employees get a year’s severance.
Someone posted that you can find the package details at go/severance