Being laid off (if it happens) could be a blessing in disguise. More pay and the opportunity to work for a company that isn’t a dinosaur of the banking world.
Signs that someone may be facing a layoff
Fortunately, I wasn't affected although I am still very anxious. I am sorry for all those affected and I hope that they will soon find much better opportunities. For those affected, I'm wondering if there were any signs or red flags that you... — read more
Business Banking Layoffs Happened Yesterday
It's sad but expected. This was wide and many roles affected - operations managers, admin, project analysts, digital accelerators, etc were told on Monday
More layoffs today
I've been hearing that there were even more layoffs today. Can anybody say what was hit and how badly? I'm getting tired of this whether it's true or not. My stress levels are through the roof and even unsubstantiated rumors make me go into a panic... — read more
ELAVON PAYMENT SERVICES
Has anyone in Elavon/payment services been laid off or heard of any upcoming layoffs?
Cheaper labor will not fix anything
I don't think cheaper labor will contribute to the U.S. Bank gaining any comparative advantages over competitors. What can cheaper workforce fix here? The bank needs talented employees, which is most of those who are cut! It's awful what's going... — read more
Attrition should be enough
This is what I think makes these layoffs even more illogical and unnecessary than usual. We have huge attrition currently. Some of the best people are leaving, meaning that people who earn the most are leaving. That's not good for the bank but when... — read more
Media coverage
Once again I am very disappointed with the media coverage of the layoffs here and I wonder why it is so poor?
Any massive branch closure plans in community markets?
I work in a community market and it’s been top of mind that the company is going to consolidate their branches to just metro areas. Any thoughts on this?
Senior Management Trying To Save Their Jobs
US Bank hasn’t shown a profit since 2018.
US Bank: Yet another "Bad Bank" cliche.
I for one am taking my severance and not looking back. I've been with US Bank for a long time and it's only gotten worse over time. There's a lot of other companies out there that still have some humanity, so don't fret for to long over these... — read more
In what way will the upcoming recession hit US Bank?
Who will be affected the most?
Any Layoffs Coming to Elavon
Anyone heard of any layoffs at Elavon?
Hitting the job market vs waiting and seeing what happens
With the threat of layoffs as present as ever I have made my decision that I’ll be leaving this company. I'm still not sure about the method of my departure. I’m sure I will be laid off at some point in the near future, so my dilemma is whether to... — read more
This week will be rough
I don't think we've had layoffs on a Monday often before. That can only be the sign that this week will be busy regarding cuts so they decided to start early. I honestly thought we were done for now, so to say this has increased my stress levels... — read more
Outsourcing TOS to India
They already outsourced TOS support to India. Looks like they are migrating other parts of the company to India. Does anyone know if this is how all banks are headed. It seems ridiculous for a bank called U.S. Bank to be replacing it's workforce... — read more
Just to check
I think that we've determined that the layoffs have stopped for this month at least, but it doesn't hurt to check. Is there any indication we can expect more layoffs this week?
Plenty of available jobs
I've been looking through all the usual sites in the past week or so and I found more than enough open positions in all the major banks. I was worried that there would be none since there are layoffs all across the industry, but I was wrong. This... — read more
Can I volunteer?
This is not a trolling question. I've been here a little over ten years and I'm ready to leave. I don't have anything lined up yet but I do have a few irons in the fire. I would have no issues with being laid off. In fact, I would welcome it. Plus... — read more
Can anybody share info on the severance package?
I would be grateful if somebody who was impacted or who knows somebody who was impacted could provide us with severance info.
They keep laying off hard workers
That's something I'll never understand. The fact is we do have fat that needs to be trimmed. We have people who spend most of the day doing nothing or who have been here for years but still don't know what they're doing. But somehow, those people... — read more
Many layoffs due to poor leadership
Really pathetic how poorly USB leadership executes… I know multiple people who were hired on, many on new sales teams or initiatives that were poorly thought out and laid off within a year or two when leadership changed their mind, realized they... — read more
More layoffs and job eliminations coming
All other business lines have them coming soon this month. It’s going to be disgusting how many are let go. I know of entire groups/depts that are going to be impacted hard. Saving a buck at the expense of all the hard working people keeping this... — read more
Tips for What To Do If You Just Lost Your Job
https://www.bloomberg.com/news/articles/2022-06-07/what-to-do-if-you-lose-your-job-tips-for-the-recently-laid-off
Will there be more cuts today?
Is there any chance we're done?
Anyone seeing layoffs?
Is anyone seeing layoffs yet in their department?
Layoffs this Friday?
The original layoff date mentioned was June 3. Is it still happening on Friday?
HR at US Bank is completely useless
If you were under a mistaken impression that HR would be helpful if you had an issue that warranted its involvement, allow me to disillusion you. HR is a complete dead end and utterly useless to help in any capacity. In fact, all you can achieve is... — read more
Cobra from US Bank
Has anyone got COBRA from US Bank? How much was it? I have called twice and got 2 totally different numbers. Thanks
Fire/Run people off - then hire 3 people to do the job
This actually happened/happening. 2 people left/laid off, Management hires back 4 to do the job 2 had before. That is bad enough management, but here is the kicker, pays new hires literally twice as much as the departed employees😳. How on earth does... — read more
Any word about the June layoffs yet? areas to be effected?
Has anyone heard which area is going next?
Any word on the placements in Retail???
How soon before we find out who the top dogs are in retail? We know there are a lot of medium dogs that will be under those top dogs and the deadline of June 3 is looming
Scammers
They hired a scammer in my LOB. The resume is laced with God knows catchy words. LOL
24 HOUR BANKING
Any idea why the bank is hiring external employees to work remote for customer service and then making the portland call center employees return to office? Absolutely not fair!
How is it determined who gets laid off?
This is a question for managers if we have any here. Is there a way to volunteer or make yourself a likely target for the next layoffs round? I would like to be let go with severance and if I could save a job of somebody who wants to stay while doing... — read more
Reorgs never stop
I guess the point of any reorganization is to make things better. But then why is it getting worse after each reorganization? My advice to everyone is not to stay here for more than two years and to constantly be on a lookout for other options... — read more
Can the new and inexperienced employees really pick up the work?
Let’s be honest here. The campaign for getting rid of anyone who is experienced and a long time employee has been on the way for a while now. Do they really think that the new and inexperienced employees can just pick up the work that has been done... — read more
U.S. Bank Titles
What do the titles mean at U.S. bank? I.e officers, VP , SVP, ect. Are they useless entries next to the employee's name?