I’ve left in September on my own – I just felt that the employee is not valued at US Bank – I am sure you can find a good manager here or there but in general they will not value you and the company will hire contractors if possible. This is applicable to promotions as well, they will hire from outside and not promote from inside, they do not believe in their own employees. The management will sweet talk a lot, they will tell you how they appreciate things but in general they are not genuine. US Bank execs will tell you how much they care about those darn employee satisfaction surveys and the overall well-being of the employee – but when the push comes to shove this is not true. In short, if it doesn't fit the pillars of their large city (metro area) views, things will not happen. On the contrary, these layoffs are nothing new – US Bank has been laying people off left and right in Owensboro and other locations for a while now… Nonetheless, they are spending tens millions on management expenses such as travel and very expensive and lavish meals – the managers keep traveling and spending with very little to show for.
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I was laid off after nearly 10 years —2 minute conversation and 8 days notice . The bank hasn’t valued employees for the last 2 years and if are in a roll that does not generate revenue you should feel concerned .
This post if very accurate. Senior management only cares about numbers and profits and not the employees or even the customers. They keep asking us to push things or lie about things, that isn't a good thing and i refuse to do. And if that costs me my job then so be it I will still be able to sleep at night knowing I did right by my customers.
I worked in Sr Management for two years at US Bank. And, was let go suddenly as part of a consolidation/reorganization. It happens, and I’m not bitter. There is intense pressure on banks to continually deliver better and better financial results (Revenue, profit, loan growth and EPS). That’s driven by the investment community and our system in general. The result? Record revenue and net profit in 2017, followed by immediate instruction to slash costs. I always wondered how the associate level employees could understand that. The loser? Customers. No investment in employees wages, employees should see a financial gain when the company is ridiculously profitable. But no...”return of equity to the shareholders through stock repurchases” instead. All that means is a manipulation of the number of outstanding shares being traded, leading to an artificially high EPS and “investor” confidence. Nonsense. We are doomed to see this all the time until we return equity to employees. Don’t hold your breath, but don’t blame US Bank, they are just like all the other banks. I’m glad they let me go, because I could no longer stomach it as a leader in the organization.
Pretty accurate, if you ask me...