Topics regarding layoffs at U.S. Bank

Topics regarding layoffs at U.S. Bank

"Thank you to everyone...

...who responded to the Q3 Your Voice Matters: Talk to Us survey. Your feedback is important to us." No it isn't, but go off. "In Q3, you shared that you continue to value your immediate manager and their support of your work." As opposed to... — read more 

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| 1271 views | | 14 replies (last October 31, 2024)
Post ID: @OP+1v8lnHq4

Transparency

This is for any executive management lurking out there - you laid a bunch of people off. The damage is done, a lot of us are miserable. Congratulations. Own it. Stop with the secrecy. Broad communications at a company level that they happened and... — read more 

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| 850 views | | 5 replies (last October 30, 2024)
Post ID: @OP+1v8cXHHf

“More with less”

I feel like I’m walking this fine line between trying to do enough not to get pipped/fired, and trying to make sure that I’m on the list if another round of layoffs hit my department. I don’t want to lose my job, but I have no desire to survive... — read more 

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| 690 views | | 3 replies (last October 23, 2024)
Post ID: @OP+1v8m9avs

Don’t look behind the curtain

It’s disgusting that leaders are holding meeting, calls and conference calls in the masses to disguise what is really going on. Employees are being fired in the masses and leaders think we don’t know! Let’s all join in the cheer and rants and... — read more 

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| 984 views | | 8 replies (last October 24, 2024)
Post ID: @OP+1v82zBlf

Not near a hub? Goodbye!

It’s becoming very clear those not near a hub are targeted during “performance based” layoffs. Even really good employees and SME’s. Such a shame. I just hate the bank can’t be straight forward that they’re targeting remote employees, but I get they... — read more 

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| 920 views | | 5 replies (last October 24, 2024)
Post ID: @OP+1v8ChsNu

Pull Your Accounts

Don't give money to the blood su-kers. If you have accounts with USB then close them. Make them see the results of their actions. Advise others to do the same. Spread the word that US Bank has lost all credibility and ethics. Tell others to pull... — read more 

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| 600 views | | 7 replies (last November 8, 2024)
Post ID: @OP+1v84JgEq

Hey Ritesh

You are a manager of managers whom WORKS FROM HOME. Who the fu@k are you telling us on the conference call to get used to RTO?

More layoffs coming

Not sure how they are going to spin the next wave of layoffs, but undoubtedly more are coming.

Does a job offer stop unemployment benefits?

It's common knowledge that some states allow you to get unemployment while receiving severance. But, is it true that as soon as you get a job offer, those payments are done? I mean, does any offer, even if you haven’t started working yet and it's... — read more 

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| 940 views | | 7 replies (last October 22, 2024)
Post ID: @OP+1v6e4bF4

LAYOFFS

WELP skimmed through two rounds of layoffs so far in our department this year. So what are your thoughts...Good til April 2025??? Just curious as most of the information on this page has been accurate other than knowledge of the actual departments... — read more 

Remote Not Near HUB or Client Center

Any updates for employees in this situation? If you haven't been let go by now are you home free? Or, is HR waiting for all HUBs to be up and running first before these employees get the ax?

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| 1230 views | | 7 replies (last October 23, 2024)
Post ID: @OP+1v6KJiRl

Elavon Layoffs

Any insight on impending layoffs at Elavon?

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| 372 views | | no replies yet
Post ID: @OP+1v6h8kcm

EFCC west coast destroyed. Bank never learn

Execs only care about bonuses. Already fined millions for cutting staff to handle AML, now they are doing the same thing. The Treasury Department’s financial crimes division fined a former risk officer at a regional bank in Minneapolis for failing... — read more 

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| 1151 views | | 6 replies (last October 22, 2024)
Post ID: @OP+1v55PNkr

46 branches closed in October

This article states 46 U.S. bank branches closed first 2 weeks of October I’m guessing not in California? As there were over 100 branch closures last year with Union Bank acquisition. Will they close more in California you think?... — read more 

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| 940 views | | 3 replies (last October 20, 2024)
Post ID: @OP+1v4VhCMl

Most companies have record profits

Yet they do massive layoffs. What may be the reason? Let me think here for a moment. Companies just being a cash cow for the few? Leadership never suffering consequences for bad decisions, but getting increases in bonuses regardless of the... — read more 

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| 780 views | | 2 replies (last October 19, 2024)
Post ID: @OP+1v4krpDh

Layoffs

I’ll lead with the fact that I agree that layoffs absolutely su-k. For those affected obviously but also for those left behind getting things reassigned to them and cleaning up the aftermath. That said - while USB is far from perfect and there are... — read more 

Last day with USB 10/31

I will not be sad to see U.S. Bank go in my rearview mirror. I will be moving to the company they outsourced my position to as a cost of saving measure. There is no cost saving here because everything that US Bank wants, that me as a current employee... — read more 

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| 1400 views | | 3 replies (last October 22, 2024)
Post ID: @OP+1v3fUl6n

Info on severance packages

Can anyone provide info on severance packages? 1 or 2 weeks pay per year worked? Only given 2 weeks pay no matter how long a person was employed?

by
| 1162 views | | 6 replies (last October 20, 2024)
Post ID: @OP+1v3OR03U

Next Layoff Wave?

Any insights on when the next big wave will occur? Sometime this year or not until Spring? I'm fully-remote not near a HUB or client center and I'm still kicking, for now at least.

Laid off just another number

Was laid off yesterday was acquired over from Union Bank. Was never given a defined roll finally after over a year was brought in to a team as a PA only to be laid off less than 4 months. Why did they even bring me over when the severance was a... — read more 

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| 1390 views | | 8 replies (last October 18, 2024)
Post ID: @OP+1v3G6FTW

Reporting USB for Potential WARN Act Violation

"We do the right thing" is not a useless employee handbook value that is only applicable when it is convenient. As senior leadership has not been transparent around layoffs at all, the organization may very well be in violation of the WARN Act. If... — read more 

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| 1510 views | | 9 replies (last November 8, 2024)
Post ID: @OP+1v3t28Iu

Impact Finance

Is impact finance being affected by layoffs, or is it primarily NA?

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| 630 views | | 3 replies (last October 18, 2024)
Post ID: @OP+1v38DIRY

Sorry for all affected

And sorry for those who get to keep the job for now. USB has been going downhill for quite a while. Culture has been steadily deteriorating, and I’m sure that many have felt underappreciated and demoralized for a long time. Leadership will continue... — read more 

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| 992 views | | 3 replies (last October 18, 2024)
Post ID: @OP+1v2C0Ch3

Not one emp is safe

If you think the layoffs have been bad, buckle up. You will see more in waves…. Yes waves so the bank does not have to ‘report the negative news”. They just cram cr-p down your throat , send out these great job atta’ boy messages in hopes emps don’t... — read more 

Mass layoff in Wealth management

So I heard the bank lay off 7,000 people this month? How can this be true and not in the news? What department got hit in Wealth? In August and September, I was receiving emails every other days about lay in WCIB, but most were middle managers and... — read more 

Morale

Morale is gone, the apathy has set in, the energy, enthusiasm and engagement for all things U.S. Bank was lost a long time ago, primarily when the braintrust realized they could not afford Union Bank, but did not have the capability and integrity of... — read more 

Since I joined US Bank I had to deal with

Coworkers taking credit for my work and getting a promotion out of it Managers blaming me when a project they mismanaged goes wrong Leaders without zero leadership skills who never bother to stand up for their people A completely useless HR And... — read more 

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| 1150 views | | 4 replies (last October 19, 2024)
Post ID: @OP+1v2CCRb5

WATCH OUT

Almost No one is safe. Unless you’re in a low paying (cost of living) market. Layoffs continue to happen bank wide if your position can be replaced in another market for cheaper, including over seas. JR “self exit” speech didn’t trigger enough... — read more 

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| 1230 views | | 7 replies (last October 17, 2024)
Post ID: @OP+1v2nyYq9

Layoffs update

Pls share at least which depts are already in the clear. Not all of us are close to the center of events. In any case, godspeed to those affected, and good luck to the rest of us who may still be. I hope the info that all will be over today is... — read more 

CPTS status?

Corporate Payments and Treasury. What’s happening?

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| 940 views | | 2 replies (last October 18, 2024)
Post ID: @OP+1v1PdR5g

Pushed out of role?

Have you experienced been pushed out of your role? What are the signs? I feel like I’m being targeted for to become redundant

by
| 1180 views | | 3 replies (last October 16, 2024)
Post ID: @OP+1v1W4rjv

Rest of Week?

Is tomorrow the big layoff day or are we not safe until we last through the end of the week without getting the ax?

by
| 2190 views | | 7 replies (last October 18, 2024)
Post ID: @OP+1v1vRVeA

Remote Offshore

Anyone else notice the large amount of offshore employees that are listed as being remote? So much for those “clean rooms”, huh?

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| 1040 views | | 4 replies (last October 16, 2024)
Post ID: @OP+1v0oW9t1

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