Topics regarding layoffs at U.S. Bank

Topics regarding layoffs at U.S. Bank

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?

Bill HR 1319

Interested in thoughts on the ne Bill HR 1319 that House Republicans are trying to push through It redifines who counts as an individual contractor versus employee which could effect your benefits if a company decides to categorize you as a... — read more 

Mid Year Adjustments

Second year in a row that GK has prevented mid year adjustments and raises from occurring, rather than paying for performance. This has been a core feature for the 20 years I’ve been with the bank and it is directly leading to an exodus of the best... — read more 

Not complying with RTO

Never stepped foot in the office. Pretty sure I’m on a list somewhere, but I’m not wasting 2+ hours a day driving just to sit in a ghost town. Fire me if you want, I’m not quitting like you want me to:)


Nothing to do

Is it just me? Driving into the office to sit there and stare at the screen is really doin the most to my mentals. I guess I’ll see how long I can stand getting paid to do nothing. This has been going on for almost a year now. Is this a tactic to get... — read more 

Will they assign seats to us in office?

Everybody in my hub wants assigned seating- the desk reservations have gotten ridiculous. It was one of the most wanted items in the talk to us survey, do you think they'll do it?

Hear Me out Bangalore Bank Post

Lately, I've noticed a growing emphasis on Indian culture and norms in the workplace. While I absolutely respect and appreciate cultural celebrations, I believe it's important to maintain a clear boundary between cultural identity and professional... — read more 

Phishing exercise

Tge bank just sent out a phishing exercise with a status update on RTO...... of course I took zero thought on it and opened it after being told they are going from 30 miles out to 50. I would bet the majority will open it....we are all on edge of we... — read more 

OPS Layoffs

What’s going on with the Operations layoffs? Heard that this area will be hit the most… what just announced is just a drop in the bucket.

Gunjan town hall in Chicago

Only way to protest and let her know she’s shamed the bank employees and there is no turning back is to skip the town hall. Who’s with me?

Why are processors/MCS still fully remote?

I'm not sure if it's everywhere but in my hub none of the MCS employees have been mandated to return. They have been told they are not returning to office. Why do they get to remain home based along with their managers... does anyone know? Seems... — read more 

Survey says…

Bye, Bye, you’re fired. Thanks for playing.

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Post ID: @OP+1k0cwrbsn

Stock price is down after Q2 Earning call

https://seekingalpha.com/news/4468332-us-bancorp-q2-revenue-disappoints-with-soft-net-interest-income-q3-guidance-falls-short Efficiency Ratio is still high and overall YoY stock price is way behind when compared to other banks.

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Post ID: @OP+1k0ct9j8v

Q2 Earnings Call

That was the longest, most skeptical, call with analysts I've ever heard. They so lack confidence in USB, and our answers were a train wreck. Like we didn't even prep for the call. Watch the stock today...heading south is my guess.

TTUS traceable?

Can someone confirm if TTUS is anonymous? Or your manager can trace your responses?

They want you to quit???

What if some companies aren’t mandating a return to office for collaboration or culture—but because they want people to quit??

How do the layoffs happen?

When (if) they call your number, how does it happen? Is it your manager? Someone in HR? Do they set up a meeting time with you in advance for a different reason? Any things you should do to be prepared?

It’s the 15th

If anyone knows what’s going on, please share. As much as I despise my job here, I still need it, so I’m really hoping the layoffs today were just rumors.

Request to be added to the RIFF list?

If ure layed off u get severance. So can u ask your manager to be added to the rif list? I’m sure they have one given how frequent they’re pushing ppl out….

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