San Antonio-based USAA slashes 475 more jobs, citing economic worries

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San Antonio-based USAA slashes 475 more jobs, citing economic worries
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The cuts amount to a little more than 1% of the company's overall workforce of 37,000. SanAntonio SATX SanAntonioTX Texas Economy layoffs

USAA still has 19,000 workers in the San Antonio area, according to theMore than 136,000 workers were caught up in layoffs at U.S. companies during the fiscal quarter that ended last week, including mass firings at Amazon, Google and Meta,. That number exceeds the total for the prior two quarters combined, the magazine reported.

The U.S. economy has been roiled by inflation that spiked to a 40-year high and rising interest rates imposed by the Federal Reserve to tame those price increases.

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