Topics regarding layoffs at U.S. Bank

Topics regarding layoffs at U.S. Bank

Plenty of job opportunities out there

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.

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Post ID: @OP+1hgYJzML

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 

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?

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 

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 

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 

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 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!

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| 1590 views | | 1 reply (April 24, 2022)
Post ID: @OP+1goaYryT

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 

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| 1933 views | | 1 reply (April 18, 2022)
Post ID: @OP+1gjPEDFy

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?

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