Topics regarding layoffs at U.S. Bank

Topics regarding layoffs at U.S. Bank

Ethics

Chief Ethics Officer eliminated. Huge loss.

Offshore announcement

Senior leaders announced part of our contact center will begin deploying offshore agents. And it begins…

Penny for your thoughts

EFCC leader TR has decided to take a role outside the company and their last day will be Sept. 5.

After 1 year here, this company su-ks.

The RTO policy was poorly planned and executed. equipment that doesn’t work and office furniture older than me. i haven’t been to one office that is modern or nice. incompetent people at all levels of this org. i get the feeling dei hiring... — read more 

Why morale is low

Morale is low because we see co workers getting layoffs every month Morale is low because we we are now asked to do the job of 2 people. Again due to layoff. Morale is low and we feel isolated because we now spend 2 hours extra a day traveling to... — read more 

who decided to put a CEO in charge that can’t even speak english????? Who talks about layoffs while wearing designer clothing???

can someone explain? the rest of the leadership acts like a buncha snowflakes that walk around with a stick up their a$$, who haven’t accomplished anything other than going to a fancy school. This is crazy!!! also, can confirm the job market does... — read more 

Severance

How does the bank figure how much severance people get for their years of service? How much does the employee get for 10 and 15 years of service?

Geographical Location defines your potential now

Newest ploy from USB to reduce the workforce without layoffs (same vein as RTO) seems to be the strict limitations on geographical locations that new positions can be posted in. If you’re in a different location from your team, and your team... — read more 

US Bank expects too much from us

I'm never done with work. My whole life during the workweek is just working, then crashing, then repeating. I never wanted to be someone who lives only for Saturday and Sunday, but that’s where I’m at. It’s a depressing cycle and I’m struggling to... — read more 

New email from da boss, what do y’all think?

More compassion or psychopath? We hear morale is low and everyone is having anxiety issue, here’s a website you can can go to!!!!! No mention of any changes to ease anxiety and morale issue such as stop laying off people every month! Many of us... — read more 

Discrimination suits for RTO

If there is management discretion on how they "punish" those not adhering to RTO requirements, how do they prove its not discriminatory? Seems unfair and biased if they dont apply consistent rules to all. Communicate with one another and lawyer up!


PIP question

What are the signs that you’re being set up for a PIP, especially if you’ve raised concerns about leadership? I’m not under my toxic senior exec, but I did speak up and now things feel off. I'm just trying to stay prepared. The silence and vague... — read more 

What do you think of the state of your facility?

With RTO there was a promise to upgrade the facilities. Have you seen it? Because I haven’t. Gone are the FMS that used to be able to fight to get improvements to our facility, even if we’re not looking at the hubs, the rest of the portfolio is an... — read more 

The worst bank ever!!! [I'm a customer]

This bank is a total bait and switch to convince a new customer to move $100k of investments in order to enhance the credit card benefits. Now they are removing those benefit for Smartly & USBAR. I'm planning to close all the accounts and transfer... — read more 

Big Exits in Private Wealth Management

The biggest producers in Minnesota Private Wealth Management left as a team today. This is on the heals of the second largest team leaving several months ago. Management’s response is to offer drinks to people on the 8th floor kitchen. I kid you not... — read more 

We’re expected to accept whatever comes our way

No matter how out of touch, disrespectful, or irrational it may be. We’re treated like cogs in a machine that's constantly shifting. Tossed around like inanimate objects, controlled as if we were unruly children, and repeatedly disrespected despite... — read more 

Restructured out?

I’m hearing a lot about people being restructured into roles that are wildly out of alignment with what they were hired for. I am also hearing management preaching a lot of ‘we need you to be flexible and you may have to do things out of your typical... — read more 

Layoffs efcc

Not really existent to now but coming I bet. Especially in inv and crt. Upper management working hard to get more efficient and Sapience to get there. Easy cost cutting. New crt team lead favorites added for the future. Inv getting more automated and... — read more 

Setting the Stage

In just a week, I’ll be stepping into retirement. As I wrap up this chapter, I want to offer a few words especially for those earlier in their careers or with a long road still ahead. I’ve been through more than a few tough cycles, including... — read more 

Sounds familiar

This was posted on BNY’s site but seems to also apply to USB: Between compensation budget cuts, site closures, we-ponized HR practices targeting older employees, inflated quotas for ‘below expectations’ reviews, pressure on managers to manufacture... — read more 

Prepare to be acquired?

The way the bank is laser focusing on cuts cuts cuts, it makes me think its grooming itself to be attractive for somebody to a quite it…. And the MCs would cash out with their golden parachutes then… what about the rest?

Remote employees toast?

Anyone catch EB’s comment around remote workers should consider moving to a hub city or be performing at a ‘high level’? Was that a threat or promise of what is to come for remote employees?!

Severance

Was looking and I swear it used to be 2 weeks for every year worked. I says 1. Did it used to be 2?

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