...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
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
“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
Finding out people were laid off via “presence unknown” in teams
People have literally fallen off the face of the earth. There were no comms sent out indicating what happened, who is impacted, when their last day is or an alternate SME to work with. Teams have deliverables that were committed for Q4 and no one... — read more
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
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
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
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
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?
Elavon Layoffs
Any insight on impending layoffs at Elavon?
Stealth layoffs in HR
Beware. Layoffs in HR are happening targeting remote employees and managers.
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
EFCC west coast check in
To all my fellow west coast EFCC peeps… how are you doing today?
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
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
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
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?
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
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
Impact Finance
Is impact finance being affected by layoffs, or is it primarily NA?
Blood bath happening at US Bank. Avoid this company at all cost.
Who is responsible for this mess? Andy? Gunjan? Managing committee? You allowed this fu-kery to go on under your watch and did nothing about it and now thousands are losing their jobs. This and your botched RTO is a recipe for disaster.
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
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
How many jobs were eliminated in 2024 (so far)?
This is a long shot - does anyone with inside knowledge know how many jobs were cut this year, or in the most recent October job cuts?
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
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?
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
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?
Remote Offshore
Anyone else notice the large amount of offshore employees that are listed as being remote? So much for those “clean rooms”, huh?
10/15/2024
THE RED WEDDING