I don't know who handed the keys to this new CEO and CFO, but they are destroying this bank. At the peak of the recession, under richard davis, promotions and moving up were still alive and well... the lending process was smooth. The new lending process i assume is to weed out the bankers but it is weeding out customers because it s—s!! It is slow and there is no way to streamline this to a personal level. The bank is saving money with many things now done digitally, this is pure greed. The layoffs, outsourcing IT is a stupid move when we struggle with our 3rd party vendors there... these changes trickle to the customers and this bank is going about it all the wrong way to "keep up" with others. My heart to those laid off, i was one also. I loved this bank because i felt you could earn your way up but they arent even replacing branch managers. They are trying to run on as few people as possible but still ask a lot of employees. Coaching at my branch hasnt happened in months. Good luck with this genius new "restructure"
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You work for a public traded company. Any publicly traded company doesnt truly care about their employees, they have to look out for their shareholders. Straight business decision.
So glad I got out when I did 4 months ago. I knew the new CEO was tanking that place. I loved working there when I first started. Richard cared about the employees. The only thing Andy cares about is the money in his pocket. A friend sent me a copy of the layoff email and he had the balls to put "we put people first" I thought to myself, how obtuse. He clearly has no concept of putting people first, not customers or employees.
All this company cares about at this point is a bottom-line clearly ... with a record 1.9 billion dollar earning last quarter all the new CEO cares about is the bottom line in his pocket he's worth 64 million dollars while our old CEO Richard Davis is only worth a little over 2 million and is now serving as the CEO of Make-A-Wish foundation... This never would have happened under Richard Davis leadership... This company was known for how much it is valued it's people in 2008 when the financial crisis hit and all the banks in the United States were laying off people u.s. bank did not lay anybody off it decided as a company it would rather take a pay cut for everybody and keep all the jobs than to lay people off... That was under Richard Davis but the new CEO Andy Cecere clearly only cares about his pocket and the pockets of the shareholders
3 months afer being let go and taking severance, the project that we were working on TANKED and I was contacted by my former mgr to come back through a contractor to help right the sinking ship. So, I was hired back as a contracted emp, for WAY more money than before PLUS was still able to get my severance. So, long story short: the bank paid me TWICE to do the same job because they were so short sighted and cut off their own legs without thinking how they'd walk afterwards. SMH
Richard Davis was the greatest. Andy Cecere is the worst CEO EVER and he will run this company into the ground. Employees hate him more than anything, and he could give a rats a$$ about them. He needs to be removed from the company, better yet from this country. He's a lieing scum.
Plain greed. Yes. Sad and unfortunate. Many areas impacted but incompetent white collar SVPs and similar roles like JBILDEN, SLEVANG and especially CECERE will have their fat bonuses. Never doing business with this bank with a poisoned organization. To all the laid off folks: your life has changed for the better. US Bank is a horrible workplace today and wherever you go now, remember things will be better tomorrow