The more meetings I attend the more and more it is becoming apparent that TOS is run by imbeciles. D the new CIO only cares about your pedigree. Did you come from McKinsey or Harvard? Middle managers have no clue how to build effective teams. HR... — read more 

Closing branches BMs are either becoming float or engagement managers? Are these temporary jobs?

Didn't see one started yet. Maybe morale is too low these days ? grade 15, work in commercial. 16k, 7k lti. 7 prct raise. Total bonuses about 15 prct lower than last year.

May 31st is the end of the road. Displaced UB employees will be moved to existing US Bank branches. You will be notified of your new location assignment only 30 days prior to your branch closure. Those coded as CRC4 and CRC3 will take priority (good... — read more 

Curious to know what cuts are being made to the small Business side any updates?

Seibly,Roberts,Hollander and more to come. Regional Presidents are next then Regional Managers. This shouldn't surprise anyone since they spoke about branch reduction about 40%.

When do you think branch closures will be announced? Also what do you think will happen to ABMs at Union bank?

A blessing would be for the USBank leaders and HR staff to pay attention to the actions and culture of incoming leadership, which is abysmal. Incompetence reigns amongst those who are deciding who should remain and who should be severed. A good... — read more 

Pre-covid as long as your manager was fine, people in our department could be deemed remote. Even the admins could be home based after awhile. I never asked since in office days were never enforced anyway. Now those in hybrid roles are started to... — read more 

You better start clarifying future roles to UB employees and showing them what a “day in the life” looks like at at a USB branch, otherwise you’re about to have a ton of bankers who are woefully unprepared to be tellers, and a ton of tellers who are... — read more 

It’s a great indication that they need a TON more to do and probably would not be missed if laid off. JFC folks get a life (and a real job!)

The WARN Act requires an employer to notify employees, in writing, 60 days before a layoff, and pay the employee for those 60 days, in addition to any severance the employee may be entitled to. Unfortunately, some employers attempt to circumvent the... — read more 

The old guy wasn’t the best but at least we saw him and he helped out. Never see the new manager. Must he she don’t have time for us.

Everyone on this board knows that USB like to lay people off. They somehow manage to keep the hatchet jobs out of the media while other banks’ layoffs are widely broadcasted online and on tv. What are your theories on how they fly under the radar? — read more 

Our group was told they would get laptops mid January, has anybody received notice and/or received equipment? Why would they send hardware if people were going to be let go?

TOS has been insulated from massive layoffs for over a decade. But they will get some this round. There are 3 factors: push to cloud and AI - most people were quietly made redundant by 3rd party machine learning and infrastructure-as-code and... — read more 

Capital One lays off most of its Agile squads. Guessed they figure out that the consultants were selling crack. Ours is a joke , we are not Agile. We are a hodgepodge of tasks with no strategy. We should abandon this losing proposition and look at... — read more 

Any usbank employees ( not union) laid off today?

Just got word that business line reduction mandate from the top to cut staff has been enacted . Seems to be a bank wide directive.

CEO, who used to be President of USBank West coast left. Head of HR left. Not a single leader stayed on with USB. What does it mean for the rest of us? Blood bath???

Are people actually going back to the office 3 days a week ?

More cuts coming this week. I don't understand, why do people think layoffs will continue? 500 people already got their notifications last week - mortgage and HELOC among others - so who else do you think needs to go? US Bank wouldn't have made the... — read more 

It's funny how many people seem to think that the merger-related layoffs are only due to redundancies and will continue to be about redundancies. They are laying off people who cost the most and keeping/hiring those who cost less. It's that simple... — read more 

This place has completely drained me. Sometimes the very thought of looking for a new job and starting from scratch made me anxious, but now I can't wait to leave. I realized that nothing here is worth this much stress and worry.

https://ir.usbank.com/news-releases/news-release-details/us-bancorp-completes-acquisition-union-bank MINNEAPOLIS--(BUSINESS WIRE)--Dec. 1, 2022-- U.S. Bancorp (NYSE: USB) today announced that it has completed the acquisition of MUFG Union... — read more 

Will it be us bank employees turn this week?

Anxiety is through the roof.

I feel terrible when I hear from people who have been laid off that they were previously given big promises, probably to lull them into a false feeling that their job is safe. This is how they try to squeeze employees until the moment they are no... — read more 

First of all, best of luck to everyone affected by these layoffs, I'm very sorry. I read somewhere among these posts that those who are kept will end up with the much lower comp. Perhaps I didn't understand this well, so I'm interested in how true it... — read more 

Just a reminder, they expect you to give at least a 2 week notice. I wonder how many people do.

Anyone else seeing no luck with internal jobs?

Anyone heard how the bonus and pay raises will be, and when we can expect them ?

Who thinks there will be layoffs the first week in January?

It's like this place is trying to run people off. They tie our hands with the equipment they give us and expect us to do our jobs. Seriously, the day I find a job elsewhere will be the day I leave this place.

I think I will soon have to make a choice between quality of life and pay, because I am totally exhausted here. It is impossible for managers not to know when a deadline is unrealistic. They just don't care. Do they want to drive people away or... — read more 

Will there be layoffs this week with so many on vacation ? Or after new year

Giving the option of volunteering would represent huge risks for this company, but for me it would be a good option. I believe that many would love to volunteer to be laid off?

Does anyone know if the US Bank 401k allows mega backdoor roth contributions?