For those of you who are still with the company and are unhappy with the state of affairs, you need to start designing your exit plan. That may mean updating your resume, looking for new roles, hitting your network for opportunities and/or brushing... — read more
More exits in Private Wealth Management
Another team lift out in Denver. Nothing to see here folks. Also, a PM left the twin cities. Senior leadership is doing a bang up Job.
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.
Onsite Scrum Masters (contractors) laid off in MPS (Elavon)
Heard that around 8-10 onsite Scrum Masters (contractors) in MPS (Elavon) were laid of this week (last day Aug-29th). What could be primary reasons?
Why we have so many incompetent SR leaders
Why we have so many incompetent and unqualified people in Sr leadership role in Technology ? Cloud program is a joke with PC , AC etc.. they just got surrounded or shielded by people who should not be in the employment. Is it same everywhere ?
Constructive Dismissal
“Occurs when an employer makes an employee's working conditions so intolerable that the employee feels compelled to resign.” I’m a senior manager whose role was changed to essentially degrading admin work this year, through no fault of my own —... — read more
RTO non-compliance = Termination
Unpopular opinion, I know but it is the truth. ElCrazio, Gumbo and the loser "executive" squad are looking for targets. Do not become one. News is that other goals do not matter and doing extraordinary work will not save one from termination if they... — read more
401k and rule of 55 at USbank?
Does anyone know if USbank 401k has rule of 55? I need to retire ASAP, but a few years away from 59
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
We Keep Saying 'AI Platform' - But Where’s the Platform?
In every meeting, we talk about building an 'AI platform'. But real platforms enable scale, reuse, autonomy - not just disconnected POCs and wrappers around vendor APIs. If there’s no foundation, no governance, and no shared services - it’s not a... — read more
Is it true they are tracking badge outs?
Someone on here said they are tracking badge outs at energy park operations center.
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
August layoffs
Any news on what's supposedly coming?
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
What's happening in CBB Risk?
Thoughts on Justin Windschitl leaving and Mel Bargo taking his place?
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
Still waiting on that magical RTO explanation...
So far, the only difference RTO has made in my life is more hours wasted commuting and higher expenses. I still haven’t met a single person I actually work with. Doubt I ever will. Any time I “gain” by not working late nights, I now spend stuck in... — read more
Layoffs Did Occur Mid-July.
I know half a dozen of those affected and all of them did not RTO when they supposed to.
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
I’ve resigned myself to the fate assigned to remote workers
I’m fully aware that our days are numbered. Even if I’m desperate enough to relocate near a hub and shoulder all the insane expenses, I could still lose the job a few months later. It’s clear RTO is being structured to force people out, and if my... — 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?!
Tracking 8 hours in office, how are they doing it!
So on the call, they said they are tracking people and expect everyone to be in office 8 hours. How are they tracking this? IP?
Townhall Revelation: 50% ER = Tons of Layoffs
If what she said is true, a fifty percent efficiency ratio is two billion savings. Do the math... That's aroud 20K employees over the next.…
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?