Expense management to priority #3, does this mean we are done with cost focused layoffs?!
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@as it’s been hours and I’m still fa----g from all the gaslighting :-)
@ar
Absolutely nailed it with this comment. Spot on.
Oof. Feel super gaslighted.
“We honor remote employees and reward them in a way that talent requires them to be.”
Creating a lower compensation pool for roughly 40% of the workforce designated as remote is not a form of recognition or reward. Limiting new roles to hub locations, preventing remote employees from being hired for internal opportunities, reducing pay through downgraded geo codes, and consolidating those codes into a single “C” tier directly suppresses compensation and advancement. These decisions disproportionately impact compa-ratio and long-term earning potential for remote employees.
Gosh, you must think people are real stupid and can’t read the room and see the facts of the situation compared to the bullsh*t coming out of your mouth.
Oh, don’t forget that we want YOU to create your own goals and be VERY ambitious, meanwhile we also updated compensation for 2025 to align with your location AND not your actual performance. Spectacular.
@ak thank you. I need to listen to the replay on that cause it sounded very convoluted about our remote workforce
@af no this isn't what was happening. They look at engagement as a positive. They're not looking at the results or what people are saying. They see OH ENGAGEMENT IS UP PEOPLE ARE HAPPY. Da fuq we are. They only see what they want to see. There is no accountability
EB was clearly blowing smoke. A bank is a service provider, not a goods provider. Therefore labor WILL be the highest cost of doing business (or close to it). Yet he speaks as if the sole act of paying for labor is proof that the bank is investing well in it. The bank is cheap with doing a once a year 401K match (instead of per-paycheck), has a clear strategy of laying off older employees regardless of skills, re-spec'd open roles to have lower pay, cut the defined benefits pension and insultingly calls the measly funded defined contribution fund a pension.
All of us are seeing in real time how sociopaths talk. It's been shown sociopaths get promoted far more to the highest levels than leaders who lead by principle. This also applies to boards of directors.
You know damn well, behind the scenes, they don't talk like this.
@ah from what I understood is that the strategy is to shift all these roles to a hub. There was no beating around the bush there. The long term strategy is to move all these roles to hubs. Which won't happen because they already can't find talent for jobs so....
Whyyy are senior leadership so crazed about RTO when there's a climate and cost of living crisis. Yes I get it real estate and tax breaks. Whatever. America is at a breaking point and it would be the easiest way to make a difference. I guarantee people would be less hyped about compensation if they could live in low cost areas and not spend their time and money traveling. Sorry branch employees would also enjoy less traffic. So freaking d-mb.
Did I hear that 40,000 are remote and those grandfathered will keep their remote status? Or we are squeezing down the grandfathered? (Not talking about the approved remote)
Gunjan and the MC should be required to read these questions VERBATIM! I am disgusted with the gaslighted! USB had a BANNER year in 2025 and rather than reward the incredible hard work of our employees, we are penalized with low or no merit increases, lower bonuses, no job security, and stressful work environment. This is such an insult to our intelligence. I can't wait until the job market improves so I can kiss this sh---y company goodbye! Enjoy chasing short term gains while sacrificing long term growth! Laying off industrious, dedicated employees, and making the lives of your workers he-l during this job market is bad idea. As soon as the market improves those who can leave, will! Good luck with all of that institutional knowledge dipping out!
I've said this before and you all fought me on it but I'm telling you the next talk to us survey, you all need to blast leadership take away that stupid lie talking point hr dude used about how morale is going up a little bit.
Because you don't vote, it biased towards the clueless happy employees.
I would love to see the parallels between the % increase in engagement to the % of new hires in the company.
Holy sh-t the entire MC and Gunjan are completely tone deaf. Unreal.
@a4 Gunjan, is that you?
Miss me with low attrition!! You just forced it!!!
Maybe our low voluntary attrition has more to do with this awful market
@a4 only a mo--n would fight against worker rights
Gunjan is a coward delegating the tough questions.
Elcio lied. Midpoint is the new max in reality.
Typical bullsh-t corporate speak.
Elcio word salad. Jesus.
@a2 I am thankful every day I don't work for a company that has a union. 90% of the time unions are just another leech.
This town hall is very interesting. I say that because it is very obvious that US Bank had a good year. A great year. Just from up here technical sense this is one of the best presentations I've seen in my time. Showing how much we've delivered in 2025.
And they turn around and treat us like sh-t when it comes to merit increases and layoffs and bonuses. Like I've said elsewhere on this website, this compensation cycle was the worst one I've seen in almost 20 years other than the covid year and the great recession year.
They don't pay for performance or value employees. PERIOD
@a1 that requires politicians who are not corporate friendly. I wish people weren't so brainwashed against unions, regulations, and antitrust. You need levers to pull to keep corporations in check. But so many of you vote for politicians who demonize the three things I mentioned above.
Lena Khan is an outstanding example of what a good regulator could look like. Look at who elected her to the FTC and look at all the people who came out to attack her. That's how you can tell who the good guys are and they're the bad guys are.
I wish acquisitions were just illegal now for the sake of america corporate monopolies