Thread regarding U.S. Bank layoffs

Anyone joined here from Wells Fargo?

I left the bank 4 years ago to join WF and it’s been really bad. We’re doing 3 days in office 8 hours a day and also have to have 8 hours of a day of computer activity, all of which is tracked heavily using network activity and new productivity trackers.

I’ve been through 3 major re-orgs already, people disappear constantly and I’m doing the work of 2-3 people, half my team is outsourced, and I work in a matrix environment where the boss I report to doesn’t actually get involved in any project work and it’s not even clear who works with who…it’s super toxic and no one cares. Our leader only manages up and is super rude and disrespectful to the team. Our survey scores are in the 50% for job satisfaction every year but he gets promoted.

I know US bank has changed a lot since I’ve worked there but is it still worth it to go back? At this point I’m desperate to leave but have limited options since the job market is so bad. I’d probably have to take a 50k paycut (it looks like US Bank is hiring mostly at the low end lately).

I know US bank is heading in the same direction as WF but curious what people think?

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Post ID: @OP+1m7at1ncg

6 replies (most recent on top)

@ap I would say to try and find a small bank or credit union where most if not all of your skills would transfer. I got lucky with a decent credit union as a software engineer, but I can't say for other job roles/functions if it would be any better.

That may or may not come with a pay cut. In my specific case it was a pay increase coming from a larger company (big insurance company that is getting hollowed out and given to In/dia).

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Post ID: @ar+1m7at1ncg

Consider exiting the banking industry entirely if you have transferable skills. The entire industry has gone to sh-t when it comes to employee experience, career path opportunities, etc (unless you're a useless bullsh-t artist who makes it sound like you know what you're talking about when in reality you're a clueless id--t - for example, many members of the MC including GK).

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Post ID: @ap+1m7at1ncg

I would say that it may be a temporary improvement but know that Gunjan has a hard on for Wells, so we will eventually become whatever they are.

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Post ID: @an+1m7at1ncg

Wells is the shittiest bank, only one sketchier than USB

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Post ID: @af+1m7at1ncg

It's no better here. 60+% time spent in the office, surveillance software for many but not all groups, layoffs and reorgs weekly, departments being eliminated, jobs being sent to India by the thousands, don't bother coming back here, it is not worth it.

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Post ID: @ae+1m7at1ncg

Wells Fargo blows. As bad as U.S. Bank is perceived, Wells Fargo is way worse. At least most of the employees at U.S. Bank I've worked with seem down to earth and easy to work with.

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Post ID: @a8+1m7at1ncg

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