Thread regarding USAA layoffs

For those laid off: caution

100% be cautious of this.. You’ll read a lot of people say something like “oh I got a job during those 60 days and kept the severance”. I did this. Lost my severance. Then got laid off two months later at my new job. 8 months later im back here. In a role 3 levels lower than when I left.

Remember those 60 days you’re still employed. If you accept another role. You aren’t laid off. You’ve now quit.

It’s a notice of potential employment loss due to layoff. If you accept another role during that time you quit your job and took a new job. These companies have automated systems that notify each other. Especially with workday.

Very much do start your job hunt immediately. It’s a long drawn out process with multiple rounds of interviews.

Just don’t accept the role until day 61.

I beg of you - listen to my advice.


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| 15 views | | 9 replies (last 14 days ago) | Reply
Post ID: @OP+1kzese3dv

9 replies (most recent on top)

9-11-26

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Post ID: @1ja+1kzese3dv

@OP Agree

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Post ID: @1ej+1kzese3dv

@bz this is the way. Congrats on the new job

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Post ID: @rp+1kzese3dv

Just don’t pull a Wolf… uh I mean don’t accept job INTERNALLY that’s 3 levels lower than your current level. If you are laid off again your severance will be based on your new role so I’d rather stick with the severance if your current position is significantly better.

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Post ID: @ez+1kzese3dv

Were you actually working at the new job during those 60 days, or just having accepted their job offer during that time?

Because there's a difference.

No one is going to be penalized for ACCEPTING a job offer during those 60 days. The company who's ousting you doesn't have the right to tell you when you can or cannot simply accept a new job offer. What could become sticky is that you actually start WORKING at that new company during those 60 days. That's what they're concerned with, and that's where it can become a legal liability, hence, you'd be penalized with forfeiting the severance.

But you can DEFINITELY ACCEPT any job offered to you, during that time. It's not a conflict of interest or potential legal liability to simply use that time to job hunt, and accept an offer during that time. Until you actually start ON THE JOB, working at a new place, their offer is just that: an offer. It isn't you being officially on their books, earning any wages with them, having them giving you any benefits, taxes taken out, etc. It's just an offer. So yes, you can definitely accept an offer, just don't start working for the new place until after those 60 days have passed. Set your start date with them for after the 60 days are up.

DUH.

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Post ID: @es+1kzese3dv

@dm you mean during the 60 day - yeah that might be a trap

Thought you were talking about the bank severance thing where you lost the severance if you got a job at USAA and it would have to be repaid prorated

(Back when they did a full year)

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Post ID: @dn+1kzese3dv

You don’t lose severance unless the job is with USAA

What are you talking about?

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Post ID: @dm+1kzese3dv

@OP not entirely true. I was part of the layoffs in January, was able to find an external job for the same pay. So January 28th at 9am, I go into King Cobra conference room, my ED gives me the news, security then walks me out. Once I got home, started applying, interview for this external role 2 weeks later, notified on 2/23 I got the job and I started on 3/2. Never once told USAA, kept applying for internal roles and even got a 2 week extension.

Here we are in August, to this day USAA doesn’t know I was double dipping.

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Post ID: @bz+1kzese3dv

How is that legal?

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Post ID: @bc+1kzese3dv

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