Topics regarding layoffs at U.S. Bank

Topics regarding layoffs at U.S. Bank

Deceptive Job Hiring Listibgs

Job board makes it look like we are hiring more than we are. Numerous remote people have quit. They then post separate listings in LinkedIn for the same position, for each hub. Example, a position that was Remote, I've seen postings for Hopkins... — read more 

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| 810 views | | 2 replies (last November 6, 2024)
Post ID: @OP+1vlxwTHD

The technology decisions made by Ian Eslick have consumed the entire budget due to the hiring of ineffective leaders like Ajit and Madhu.

We are still dealing with EAs who have moved to different organizations, adding unnecessary complexity and chaos to the entire Zephanie & Joe Carole organization without providing any real value to the business. They are being hired at premium... — read more 

What are your Severance Packages?

Hi, reason asking is I’m curious what kind of weeks of severance pay people are getting along with how many years of service they have. Maybe this info would be helpful for planning for the rest of us wondering about being laid off. How many... — read more 

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| 1720 views | | 10 replies (last November 4, 2024)
Post ID: @OP+1vjHFNav

Conflicting Layoffs Info

There's been many past postings that indicated there's going to be one more round of layoffs the week ending 11/15, while I've seen a recent post where the Bank is done with layoffs for the year. Which is it? Any HR anons or managers out there with... — read more 

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| 1460 views | | 8 replies (last November 3, 2024)
Post ID: @OP+1vi9sKtd

Given the direction USB has taken

I would be happy to be laid off before the end of the year. I’ll take my severance, thank you, and run for a better place.

Still hiring

In the midst of laying people off, we're hiring more folks. Doesn't that negate the supposed cost cut the layoffs are meant to provide? Not to mention that it adds insult to injury to long-time employees who've been shown the door as they learn... — read more 

Job related stress and Sick Leave

A guy on my team has become so affected- physically and mentally- from this place that he has now taken Short Term Disability to get a reprieve from it. I have witnessed with my own eyes and ears- him getting bullied/mistreated for speaking up, other... — read more 

#1 in the Industry!!!

US Bank has now closed 121 locations so far this year, the second most of any other major provider. But AC says its ok, so 😎 https://www.dailymail.co.uk/yourmoney/banks/article-14010997/us-bank-branch-closures-wells-fargo-bank-america.html

Quiet Hiring

How many of you have been given more responsibilities- and even those held by roles above you- for no increase in pay or title and absolutely no benefit to you? Good times.

by
| 934 views | | 9 replies (last October 31, 2024)
Post ID: @OP+1vf0KI41

Most ethical bank my A$$

I wonder how much we paid to receive that joke of an award. It means nothing if they treat employees as afterthoughts. It means nothing if you are not true full to how our numbers are showing more of a profit . It means nothing if those at the top... — read more 

Silenced by what they call a hold harmless

Senior leadership has been terminating employees just before they’re fully vested or eligible for their end-of-year bonuses, disregarding the hard work and productivity employees have shown over the past year. This tactic, coupled with leadership's... — read more 

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| 1070 views | | 8 replies (last October 30, 2024)
Post ID: @OP+1vfmF13d

AC, SB,GK and especially SK - are digging our graves

Senior leaders in the bank are mismanaging operations by prioritizing short-term cost cuts over long-term employee well-being and organizational stability. They've implemented sweeping job cuts, relocating positions overseas and to low-income states... — read more 

Exiting Big Pink

I used to deliver $ to the vault in the basement. I read that US is exiting that building. What's the fate of that department? Relo to Gresham or...?

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| 1120 views | | 5 replies (last November 2, 2024)
Post ID: @OP+1vdvF7gt

Is Nov 15th confirmed?

So this round of layoffs wasn’t enough? According to rumors, more than 7000 were let go. I wouldn’t be surprised if it was more. And, of course, there will be no break for us lowly workers who survived this round. One should just give up on this job... — read more 

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| 1820 views | | 4 replies (last November 2, 2024)
Post ID: @OP+1vdfL13J

November Layoffs

It sounds like second week of Nov there will be another round of layoffs? Thoughts anyone?

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| 1020 views | | 2 replies (last October 28, 2024)
Post ID: @OP+1vcOWi1a

Layoffs across the Board but spending unnecessarily

US Bank wants to "modernize" systems and it isn't working. There are numerous instances however I know of one "modernization" where they could get what they are looking for for around $500,000 - they have decided to spend a minimum of 18 million to... — read more 

Reddit Reporting as many as 7,000 Laid Off Last Week

Many were given 30 day notice and still around. Most affected were grade 13-16, PMC workers. Another round is expected to be November 15th and this falls in line with previous layoff patterns, after Veterans Day and right before Thanksgiving

Reporting your toxic manager

Any advice on who to report a toxic manager to? Is it even worth it at this point? I don't trust HR and even though U.S. Bank claims to not tolerate retaliation, I don't trust my manager to follow that policy nor do I trust U.S. Bank to take action... — read more 

Great job everyone what a month !

Your contributions are valued! Happy Friday ! Sorry guys, just auditioning for a job in leadership. I was told I need to improve my attitude if I want to join the Ivory Tower.

Stayed too long

The industry is now well aware of the S-show here. This week I got to round 4 at another FI. They knew a lot about us and they really hammered me about why I stayed so long. I talked about loyalty to my team and a sense of responsibility but the... — read more 

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| 1420 views | | 6 replies (last October 26, 2024)
Post ID: @OP+1vaydHsa

Department Surveys

Me and others in my department got a email to take a survey for our department specifically. The survey says it is not anonymous like the TTUS. Did any other departments receive this too?

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| 1090 views | | 6 replies (last October 29, 2024)
Post ID: @OP+1vaqeAav

I don’t mind the idea of offshoring

I just think companies should be legally offshored together with C-suite and upper management, not our jobs. Why should they enjoy all the benefits of being US companies, including having the privilege of extracting community resources, when they are... — read more 

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| 440 views | | no replies yet
Post ID: @OP+1vaemGbx

AC Leadership Call

Why is no one talking about ACs leadership call yesterday? The HR topic covered the 3 things we really want to know: benefits enrollment, performance reviews and comp review. Of course there was no Q&A allowed and no one addressed the elephant in the... — read more 

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| 1370 views | | 6 replies (last October 25, 2024)
Post ID: @OP+1v9jswxY

U.S. Bank is a trojan horse

U.S. Bank is quite a trojan horse of a name for a company outsourcing everyone and their mom to India (if other posts I see are true about that) That's like Swiss Bank being run heavily by South Korea. I don't mean to invade y'alls board as I am at... — read more 

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| 1120 views | | 8 replies (last October 28, 2024)
Post ID: @OP+1v9ybIOQ

Existing FTEs pencil pushing and looking busy!

It’s one thing to lack emotional intelligence and empathy as a senior VP corporate mumbo jumbo finance guy, but it’s another to watch your peers decide that NOW is the right time to assign tasks, make requests for XYZ, send reminders etc. Maybe wait... — read more 

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| 640 views | | 1 reply (October 26, 2024)
Post ID: @OP+1v9J63yI

24 Hour?

Can someone please confirm if any of those pay a$$ holes have been layed off? MM? AR? JE? I can’t think of any shittier paycheck collectors.

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| 920 views | | 6 replies (last October 26, 2024)
Post ID: @OP+1v9p0mUR

Why bother caring?

This company doesn’t care about anyone, no matter how hard you work. It’s all the same - lousy raises and no recognition for anyone, from the star performers to those just scraping by. If you’re putting in the effort, it feels pointless. So, why... — read more 

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| 660 views | | 3 replies (last October 24, 2024)
Post ID: @OP+1v9iqJdK

Do we work off shore hours now?!?

So we outsource jobs to India. We spend money sending leaders to India to lead “collaboration sessions”. Then we send onshore employees who are left- meeting invites at 2am in our time zone and are “encouraged to try to attend”. RIGHT. I need to... — read more 

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| 820 views | | 7 replies (last October 24, 2024)
Post ID: @OP+1v9PSlRx

Tons of inactive emails now

I sent an email to a distribution list that had a TON of people- sorry for not knowing the exact number- but a LOT…. And guess what? A TON bounced back as no longer active emails/employees. Wow.

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| 440 views | | 1 reply (October 28, 2024)
Post ID: @OP+1v9kOopr

Get out now

If you are still there, get out now. There is NO job security at USB. They overspent and now must cut expenses fast. More rounds of non-performance based layoffs are likely to come. The culture is also going fast. Have plan B ready.

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| 770 views | | 4 replies (last October 27, 2024)
Post ID: @OP+1v9E6VJT

Is it just my impression

or people who we actually need were disproportionately affected by layoffs? My team lost three people who were established employees, very experienced and competent, on whom the rest of the team relied upon to spot our mistakes, have creative... — read more 

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| 1020 views | | 9 replies (last October 24, 2024)
Post ID: @OP+1v8KxuIU

Giving campaign

Anyone else find it funny these layoffs always happen right after the giving campaign push. Not only are they planning to let people go and not tell them, but they also want them to donate first. This place is a joke.

by
| 660 views | | 7 replies (last November 1, 2024)
Post ID: @OP+1v8jhXTq

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