Topics regarding layoffs at U.S. Bank

Topics regarding layoffs at U.S. Bank

CBB layoffs coming in June

Another useless re-org happening in June. First with the CFO org and now leadership and teams to be shuffled around by June. Senior management will give themselves pats on the back when in reality all it’s done is create inefficiency and mass... — read more 

It's Wednesday

Is anything happening? It's so far calm in my neck of the woods but it might still be too early to say. I didn't get any emails yet about mandatory meetings, so that's a plus. Please, if you know for sure what is coming (if anything) today, share... — read more 

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| 1821 views | | 1 reply (April 13, 2022)
Post ID: @OP+1ge5P7UK

Isn't it high time to get rid of useless management?

I've never worked for a company with these many levels of uselessness. Managers reporting to managers, who report to more uselessness. You need one director with frontline managers reporting directly. These old time, useless management class is so... — read more 

That won't save their reputation

If the leadership thinks that doing layoffs silently, without news of it reaching the media, will prevent damaging the reputation of this place, then I think they are simply wrong. Because, there are already a lot of dissatisfied employees, who... — read more 

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| 1684 views | | 1 reply (April 13, 2022)
Post ID: @OP+1gdQBdU4

Managers leaving for greener pastures

Yesterday my manager handed in the notice that he was leaving for a similar job at another company. That is my third direct manager in a year and a half that left on his own for (as they say better) jobs at other companies. One has to wonder that... — read more 

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| 1730 views | | 1 reply (April 14, 2022)
Post ID: @OP+1gddrlbd

I really want to quit

I'm just too scared to do it. Other major banks all have the same issues we have and while they might be better, it's not that easy to get a job at smaller banks, even now. I'm not sure how to get myself to take that step. In all honesty, being laid... — read more 

Get ready for Wednesday.

I accidentally received an email that was later recalled. Titled “mandatory meeting” 5pm

Only the weak stay with US Bank

Usually the weak stay with US Bank. Grow some ba--s and get outside of your comfort and stop being a slave.

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| 1870 views | | 3 replies (last April 11, 2022)
Post ID: @OP+1ganjVvw

Upper Management Layoffs A Big Ruse In CBB

Big announcements about upper level Layoffs. Everyone is concerned, think it's about time, cut the fat. Funny thing only 10 to 15 are actually affected. The number of new jobs posted almost matches the number of jobs "eliminated". Think about... — read more 

Link to my LinkedIn post talking about U. S. bank

Link to my thoughts on U. S. bank https://www.linkedin.com/posts/shaun-sjs_an-environment-where-everybody-can-thrive-activity-6918194522019520512-0-uP?utm_source=linkedin_share&utm_medium=ios_app

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| 1460 views | | no replies yet
Post ID: @OP+1g96E26z

More is coming

Don't be naive to think this is it. Restructurings never last just for a week or two. They drag on for months and usually include several layoffs. While I don't have any inside info to claim this to be true without a sliver of a doubt, I'm just using... — read more 

While all the companies are focusing on RTO

While all the companies are focusing on Return to Office….Andy Cecere has his own agenda - Return to Reorganizations. What a corrupt crook he is, the only way to stop this madness is to kick him out.

Is this round reserved for managers?

From what I understand, there'll be more layoffs before the end of the week but the only ones affected are various levels of management. Is this true? Did I understand it correctly? If that's the case, then for once, the bank is doing something it... — read more 

What just happened today?

Does anyone understand what happened today with the reorganization, layoff of RPs Divison Managers?

Mgmt - just help us be successful

I've been with USB for a while now. I was told I had just avoided the last major transformation before I joined. I've been in tech for most of my career, you can guess what dept I'm in. The introduction of Agile isn't new to me, so this round of... — read more 

Cecere made 20 million in 2021

Something doesn’t add up when his salary keeps going up along with the laid off count. He keeps cutting jobs to fill his pockets and make like the company is still making money

Ageism is very definitely alive and well at US Bank

What you people are saying about ageism at US Bank is totally true. I was making too much money when the TOS division was in the process of shutting down processing centers several years back. That was a long process that didn't happen all at once. I... — read more 

Severance package

What kind of severance package was offered to those who were laid off yesterday? Does anybody know? Is it one or two weeks per year? How is medical coverage handled? I would appreciate it if anybody would be willing to share this info with the rest... — read more 

Mortgage Layoffs

I am an underwriter and I was laid off today. Very sad day. I spent many years working for US Bank Mortgage. I don’t know if more layoffs are planned, and I wish everyone who was laid off today the best. Truly heartbreaking.

Enabling our future

Enabling our future while we disable yours. More lay offs coming. 2022 has just began.

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| 1180 views | | no replies yet
Post ID: @OP+1fZuM2wJ

Mortgage supervisor

So it is true today at 10 am 3/29/22 I was layoff with 20 plus other employees. Last month US bank assured us this would not happen. Yes after a recorded breakdown Gn year from the pandemic 16-20 hour days they just laid us off and I believe it’s... — read more 

Small cuts

Looks like the management has opted for small cuts every few days instead of one major round. I think one large round draws too much attention and negative publicity. If they only cut a few people every few days, it can easily fly under the radar... — read more 

Merit Increases?

I thought raises were to be on today's paycheck. Nothing changed with my pay. Should I assume that means I'm not getting a raise? My boss & I never had a conversation about a merit increase. Did others get a merit increase on today's check?

bonus

I still haven't got my bonus

Enabling our future… but not mine.

My team (15 people) were laid off on our first day of RTO. Oof! I got 1 week severance for each year of service. They made it sound like broader org changes were coming as part of a “Enable Our Future” initiative, but I haven’t heard anything else. — read more 

Enjoying your "bonus"?

Feeling less miserable for knowing what your bonus is, and you cannot wait to pay overdue balances? That's great, just remember you have an upcoming 12-month cycle where you will be overworked, will have no direction and you will feel miserable... — read more 

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| 1880 views | | 4 replies (last March 30, 2022)
Post ID: @OP+1ftFf0nY

RTO fallout will be epic!

The bank is testing us but they don't realize how many of us are ready to push back and not return to work at all over this. Who are they going to replace us with if we don't show up? The job market has never been worse for businesses and better for... — read more 

RTO Tuesday 2/22

I wonder how many people will refuse to go into the office.

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| 1680 views | | 4 replies (last February 25, 2022)
Post ID: @OP+1fo05P4e

Bonus Paycheck

What date will the bonus be paid on? I can’t last another month in this he-l.

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| 1780 views | | 3 replies (last February 17, 2022)
Post ID: @OP+1fhy0jKG

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