Topics regarding layoffs at U.S. Bank

Topics regarding layoffs at U.S. Bank

Severance not posted

I don’t see the severance posted. So is it different for different people? Managers select the package no clear rules of years and grade?

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| 1360 views | | 5 replies (last September 11, 2024)
Post ID: @OP+1unXRHOn

EFCC Layoffs?

Is there any news regarding EFCC and layoffs occurring within that department. It seems that everything has gone downhill under Tyler Reynold Leadership.

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| 2440 views | | 11 replies (last September 10, 2024)
Post ID: @OP+1unHuLrl

So layoffs are actually happening right now?

I guess then it's across the units and states in numbers that would not trigger the need for WARN. Does this mean mass layoffs are coming next week (or in near future), or will they continue with small batches of people across the board?

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| 1480 views | | 3 replies (last September 5, 2024)
Post ID: @OP+1um6qRLF

Updating Polices and Procedures

This just occurred to me. Have any other departments had a recent push to update and review policies and procedures? Along with rumors of outsourcing and layoffs this is now making sense. I’m a part of CBB Risk and have always been told no one... — read more 

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| 1670 views | | 5 replies (last September 6, 2024)
Post ID: @OP+1ulmt6Lr

AC’s legacy?

Usurped by peers once viewed as beneath USB McKinsey experiment gone wrong No longer industry leading ratios No net customer growth Third rate wealth management Failed risk management Legacy geography left behind Outsized layoffs on his watch... — read more 

Mass layoffs starting next week?

Is this true? I’ve been hearing rumors about that possibility beyond this board, from different colleagues. Can anybody confirm?

Sapience

My business line recently began using Sapience. A “Work Productivity Tracker”. It tracks everything you do. who you talk to, what you look at, everything. It is nuclear micromanaging. We received no information or instruction about its purpose... — read more 

How to create a resume with NDA materials

I'm in the design org and nobody can seem to tell me how I can put a resume together without being able to use anything I've produced for the organization. Most of what I've done is on the back end and not public domain. There should be more... — read more 

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| 890 views | | 4 replies (last September 8, 2024)
Post ID: @OP+1ulobmbI

Layoffs

Heard rumors that Layoffs and realignments for all departments starting next week.

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| 3100 views | | 21 replies (last September 6, 2024)
Post ID: @OP+1ulZfDIv

Posts are disappearing

I do not know what to think about posts disappearing, One where someone shared that RTO guidelines no longer have a 30 mile constraint. A second asking if mgmt also will report to hubs. I think another talking about survey scores.

Pull your money

This is a call out to all who are leaving U.S. Bank. If you have accounts with them, pull them. Relocate your funds elsewhere. It's really the only recourse we have against this type of corporate bullying. Let everyone know what's going on and... — read more 

Fully Remote Not Near HUB

Anyone fully-remote and not near a HUB or client center receive any RTO update? Anyone given the ultimatum to move or be let go? I'm still not hearing anything from my manager or anyone else.

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| 1620 views | | 9 replies (last September 14, 2024)
Post ID: @OP+1uh6TLMO

Pay attention

I know everybody hates the idea of RTO but some of you need to be reminded that if you can work remotely, then your job can easily be offshored. I know this will be heavily downvoted, but it's the truth. I'd rather return to the office and still have... — read more 

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| 1400 views | | 9 replies (last September 2, 2024)
Post ID: @OP+1uhWzRdv

US Bank keeps forgetting one important thing

Employees are its most valuable asset. Continuing to treat employees like we're nothing but a number that should be cut if at all possible is only hurting it. Productivity is down because people don't feel appreciated at best and abused by those... — read more 

RTO is just a scheme to get rid of us

Along with waves of layoffs. This company is melting before our eyes and reconstituting elsewhere (or maybe just disappearing into void). Maybe it really is time to discuss what makes a company a US one, and therefore eligible for US-specific legal... — read more 

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| 900 views | | no replies yet
Post ID: @OP+1ugMuHsQ

USBank followed Wells lead in RTO

Wells told employees to RTO for teammates. uSBank followed We all know we all will sit there with our headphone on and speak only on team with people across the country. So much for team work in the office at Wells A 60-year-old Arizona Wells... — read more 

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| 1350 views | | 5 replies (last September 5, 2024)
Post ID: @OP+1ugWDEYl

Wealth Management Layoffs Coming

Theyre cutting Associates in favor of a central team and Advisers who are not justifying their salary. Theres also talk of redrawing the map and combining existing regions

Business Banking Upstream

Will be going up to $50MM in client revenues very soon. Change is in the air…. Wouldn’t be surprised of some role changes.

U.S. Bank employee count

Does anyone have a rough estimate on how many American full time employees are employed by U.S. bank vs foreign? Also, how many American contractors vs foreign contractors?

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| 971 views | | 1 reply (August 29, 2024)
Post ID: @OP+1ueXQ2O7

Banking is no longer a viable career option

I worked in several banks, and I’ve witnessed a speedy degeneration of the industry spiced with cultural specifics of different banks. After 20 years in banking I am working hard on finding another job in an entirely different industry. Advice for... — read more 

IT is turning into a sweat shop

The whole vibe of the "ethical" USB IT has changed to high production and cut throat politics. Managers who cared about employees are being supplanted by corporate kiss-as--s who love the corporate-speak and can't let a day go by without some kind... — read more 

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| 1730 views | | 8 replies (last August 30, 2024)
Post ID: @OP+1ucUZlUD

Another group of HUB rollouts

Reduced space, no improvements just pack them in there. No thought process, it’s the “Flying the plane while we are building it” mentality. People hate it, corporate thinks it’s AMAZING because they accomplished their goal. and if you want the same... — read more 

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| 4110 views | | 23 replies (last August 28, 2024)
Post ID: @OP+1u70uX7P

How are you all keeping your motivation?

I had wanted to stay at the bank for the rest of my career and retire from here, but at this point, it’s so hard to get myself to care about anything I’m supposed to do. It hasn’t impacted my reviews yet, so I guess I’m coasting for now, but I miss... — read more 

Jobs to India

Listening to politicians saying manufacturing jobs are coming back to US. I don't understand why none of them talk about corporations laying off and sending jobs to India. Has anyone tried talking to politicians about what's going on at the bank?

Trainings

Is anyone else getting bombarded with unnecessary and irrelevant training videos in operations? I check my calendar and see a boatload of invites...just after receiving and completing a boatload. Do these ppl understand we have day-to-day tasks we... — read more 

What’s happening in Risk and Compliance?

Could be a made for TV special, the smartest people in the room. Rumors that a raft of MRAs are coming in several risk stripes. The Peter principle in action, and people who speak the truth get pushed out. Rumors of affairs with the... — read more 

Is our inside info from HR over?

Just wondering, we knew about the last round of layoffs so well and I figure September/October but whoever knew must no longer be at the bank…just wondering.

Morale still low

This company is not boosting morale at all. In fact, they feel outright hostile with their workforce. Does anyone feel like it's getting better or that they are taking any meaningful steps to look like more than a profit-only focused company?

Operations outsourced to Poland

Word on a whole department/team in operations being sent to Poland? Another thread mentioned about outsourcing and Poland. Word just was slipped about a whole operations team losing jobs being outsourced there and their last day is in November?

Officer title question

Hi folks I have a random question, hoping that someone here might know the answer. I have looked on the myhr site, but I cannot find much regarding officer title information. My question, is there any formal structure to how the titles are... — read more 

Consultancies are literally leeches

First of all, they reflect the fact that management is clueless. Mgmt contract consultancy to do their job. Second, they pay them very high fees which usually offset the cost-cutting mgmt do based on their recommendations. Third, mgmt pay them... — read more 

RTO monitoring

I’m aware that our managers can see when we are logged in to the HUB network and that we are to be in the office three day per week. What has not been clarified is how many hours do we need to be logged into the HUB network. There is a fine line on... — read more 

Remote Work Accommodations?

Has anyone turned in an ADA accommodation to HR to receive continued Work from Home ability? How did that go for you?

Job elimination = no severance

Eliminated job but no severance offered due to outsourcing that job to third party. Not even classified as a contractor. Shady things going on.

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