I’m sick of it and I’ve been here nearly 20 years. Never did I think this place would sink so low but walked in queen of India and poof U.S. Bank is gone.
Employee surveys
Have the most recent employee survey results been released? No one seems to know in my area. And if they have - are results the same, higher or lower than the previous survey?
It's official
Managers were just notified. Remote employees will get in lower pay raise pool than on-site people. 0.5% to 1.0% lower. Also it is confirmed that all remote employees will be moved to geography C on December 21st. No mention of the actual pools... — read more
McKinsey Plots 1,000s of Job Cuts
Discussing a 10% workforce reduction in non-client-facing departments. Whatever goes around comes around - "It's the kind of advice the firm might offer one of its clients, and comes after headcount exploded between 2012 (17,000) and today... — read more
Performance reviews???
When can we actually have our performance reviews?
Altitude Reserve
Any news on transfer partners? Is this card coming back on market after the reward restructure?
U.S. Bank up for sale?
Very common for companies to try and reduce costs with layoffs so I do get the reasoning behind that. However, with that said it now seems with this unnecessary RTO, mandatory low performance ratings, and a variety of other items such as a large... — read more
When are these changes being announced?
When will these rumors start to get announced? Can’t wait to do performance review next week just to then tell my remote team their pay band changed…ugh.
Move to HUB or leave with no severance?
I heard a rumor that sometime next year USB will begin telling remote employees to move to a hub or they will be considered voluntarily quitting - so no severance. Don’t think this could realisticall happen all at once so I imagine it would be... — read more
How strict are they with December RTO?
Anyone know how they’re handling this? I’d assume the 2025 reviews won’t count since those are about to be released, and December probably won’t roll into the 2026 cycle either. I’d hope they are a little more lax with the holidays.
2026 Goals
My revenue production goal for next year just went up by almost 100%. Usually it’s a joke that top producer goals will double. Now it’s a reality. RIP
Career advice
I'm a current wells fargo employee within risk in Minneapolis who is looking to jump the stagecoach. The amount of layoffs, lack of salary increases, and overall team morale is getting to be too much. Is US bank worth looking at or is it really bad... — read more
Alright anon HR person, what's comp looking like?
I know you are out there. What changes are they making to how comp reviews are done in January? I noticed HR didn't update the comp ranges this year, those ranges that show the min, mid, max. Those are usually done by now.
Anyone get a review yet? Comp changes?
Curious if anyone got their performance review yet and if you noticed any differences this year? Also hearing they are changing our comp. Way to change the rules and reward at the end of the game
India GCC’s confirmed with 5k hiring expected
https://www.communicationstoday.co.in/us-bancorp-taps-tcs-wipro-cognizant-ansr-for-india-gcc-mandate/ Bank has kept this hushed but India’s media has let this cat out of the bag on Friday. I’m sure this post will get deleted soon but I’ll be back to... — read more
What is the outcome of Digital Technology Townhall 12/3
Provide your opinion !
What is happening?!
I’ve been with USB over 20 years and it’s easy to pick up when the vibe is off. These last 5 months or so leadership is turning cold shoulders at all levels. Staying to their own peers, head down in what feels like hush hush strategies. I’m seeing... — read more
What is going on in Marketing?
Spending money on rebranding and Happy Gilmore? How about focusing on supporting your front line sales teams trying to bring in business to keep the company growing. We need real tools and sales support instead of spending millions on fluff that will... — read more
Belittled beyond repair
If you’ve been crushed by the toxicity of this company - know you aren’t alone. This is a culturally unhealthy organization ruled by politics and very bad decisions at the top to middle of house. The management here is a total joke, ruled by their... — read more
Employees are customers too
So glad I refinanced and moved my accounts. Treat me like caca as an employee and you dont deserve me as a customer.
Tim Held CISO
Another executive leaving the dumpster fire.
US Bank Pay grades
Does anyone know the full scale of a Grade 15 / 16 at US Bank? are they geo dependent (for the scale). I am about to most likely receive an offer for a position that the range advertised is 119 to 140K (likely to receive at 130 -135K per... — read more
Massive outsourcing and layoffs in contact center planned
I’m a former employee and was having drinks with my friend (a senior manager who still works there). He mentioned there’s a big project under wraps to migrate most of the US based contact center to the Philippines next year. Thousands of employees... — read more
PIP Terms
Have PIP terms always been discretionary or are they shortening them just to force people out faster? Anyone know or have access to information on how the terms of a PIP are determined? I searched MyHR and couldn't find anything transparent. I... — read more
More layoffs
Should I worry about more layoffs this year? I'm thinking between Thanksgiving and Christmas, it'd be truly assholish of them to lay people off. Not that I wouldn't put it past them, but it'd come with some unwanted bad publicity. Am I too naive to... — read more
Are you guys even real people?
I mean, the FUD on this damn site strikes me as entirely fake. Everyone talking sh-t about risk layoffs (yet to see any big ones), now this week "more layoffs" (again, yet to see any..)
My Life After Layoff; Building Something New
I was laid off at USB over a year ago. After 10 years of service working from home, it all ended with a 1 minute and 34 second phone call. For weeks I kept Googling “US Bank layoffs” just to feel like I wasn’t alone. The searches always brought me... — read more
Date to work through to get all of the bonuses/pension credit/401k match
Nothing new, but I am tired of dealing with this failing company, the layoffs of good employees, etc... so I'm looking for a new job at a growing company. I just want to make sure that I receive my LTI, deferred comp, pension credit, and 401k credit... — read more
old pension plan
After reviewing the information online and calling two different reps in the hr/retirement area, I cannot get an answer to my question. Does anyone know if the old pension plan - like from 2002 - has a lump sum withdrawal option? It seems like... — read more
Buckle Up US Bank - Layoffs are happening now!
Fact - layoffs are happening this week - I know quite a few people that were informed this week. Awesome they do it right before the holidays... Best of luck to all!
Management reclassified from remote to hub
I am hearing of remote directors being told to begin reporting to hubs. I checked my own director in the directory and they are now reclassified as working out of a hub. Anyone else noticing a change in remote to hub status?
Layoffs 11/19?
Are there any layoffs today? I have had counterparts from other banks ask if I was impacted by the US Bank layoffs today… I have not heard anything about a layoff, so maybe it’s a rumor?
Pension Change
I was on the old plan before the cash plan. I show mine is about 25-30% lower than when I left the company. Heard they had some changes? Whats going on??
Old Pension frozen
E-mail came today to I assume everyone on the old pension. It seems like they are trying to get longtime employees (who would have large severance packages) to quit. It might work.
My anxiety had been through the roof
Am I alone in thinking something major is coming before the end of the year?
U.S. Bank 2010 Cash Balance Plan Rollover
I was let go by USB and now finally am settled in my new job. What is the easiest way to rollover your money from the U.S. Bank 2010 Cash Balance Plan? I have already rolled over my 401k from Fidelity but the funds from the U.S. Bank 2010 Cash... — read more
They have money for offsites but…
Noticed a huge increase in offsites, townhalls they spend millions on but no decent wage increase/bonuses for the peasants. The offsites are constant now. I’ve never seen this before. All while plotting to cut you job.
SAFE?
Been very quite, but Team meeting this week was very strange. Anyone else feeling the tension?