Topics regarding layoffs at U.S. Bank

Topics regarding layoffs at U.S. Bank

Owensboro layoffs?

I know it’s coming. They put us all on this workflow productivity tool that tells our manager every click we make and how much idle time our mouse has. We’ve been on it long enough for them to know if we’re over/under staffed. I just want to know how... — read more 

Massive hiring in India ?

I've heard rumors about a significant increase in the hiring of contractors in India. Does that imply potential massive layoffs in 2024 under d lip ? Anyone has more tea ? I am always wary of new bosses and layoffs. Sigh

Anyone here work for asset management?

Curious what your thoughts are on the direction of USBAM. Coworkers I’ve spoken with have pretty negative views, consistent with TTUS survey results. A lot of us are worried about losing our jobs due to recent acquisitions. Seems it’s just as... — read more 

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R.I.P DEI

The bank’s leadership decided to eliminate the team of DEI segment leads and will replace them with 3 “consultants”. The bank threw money and resources at DEI while it was cool but caved in and chose money over “the right thing to do”. Yup, it’s... — read more 

Rating Leaders

We all get our ratings but how would you rate the leaders in TOS? Maybe AC should see how the rank file view the job the TOS leaders are doing.

Everybody is apparently enjoying RTO

Judging from testimonies on our board. If nothing else, it obviously improved morale. I, for one, am exceptionally happy with the arrangement. Since I’m not close to retirement, like some other folks who are already anticipating profound sadness due... — read more 

What's being done to prevent brain drain?

Are our leaders taking any steps to prevent the exodus of our top talent? This has turned into an alarming brain drain. If things keep going this way, it won't be long before anyone who has stuck around for over two or three years will be considered... — read more 

Commercial and Corporate Banking merger

I'm surprised no one has brought this up yet. I don't think any details have come out yet on how the consolidation will go. What I do know is that when Community Bkg folded into Commercial there were numerous layoffs and Community SPMs and Team Leads... — read more 

Question about Truist/U.S. Bank merger

I saw some posts on here some weeks ago talking about a possible merger between the banks—that supposedly execs from USB were in Charlotte meeting with Truist HQ? Is this real?

Severance and full remote jobs being gone-zo

Can you negotiate this? For instance, I’m G15, there’s a minor, medium and max amount (counted in weeks). Who comes up with what amount you get? Does anyone ever get the max? I’m guessing not. Also, has anyone been brave enough to post on the... — read more 

USB 2Q Earnings Call July 17 pre-market open

The earnings call for the investor community is scheduled for 7 AM CDT on July 17. It should be interesting, to say the least. Look for phrases such as "operational efficiencies", "expense reduction/expense management", and as always, pay attention... — read more 

Newest COE training / certification

Did anyone feel concerned about the underlying theme of this years code of ethics training? We’re they really insinuating that we should bring back everyone who was fired for wrongdoing? (This was a scenario that was portrayed in a positive... — read more 

RTO FAQs Little Updates

I just checked the RTO FAQs on the intranet and there have been little updates since the roll out. Just a handful of updates in June and July that aren't significant. No updates at all regarding fate of remote employees not near a HUB or client... — read more 

USB Intranet Home Page - Stock Missing

I just noticed that the stock information is missing on the intranet home page. Anyone else notice this? Has it been missing for a while? I normally don’t pay attention to it very often but went to check it today.

Has anyone been made to work from home?

I'm in a small team of 8 and we were sent to work from home when previously in office due to making room for other larger departments at the hub. Curious if anyone else has had this happen and if we should be worried?

Alliance team - layoffs incoming?

State Farm deposit accounts don't seem to be doing well - balances are lower on average, and going down. Uncertainty everywhere - leadership changes their mind about five times a week. Layoffs when?

Inspecting Home Offices???

https://www.forbes.com/sites/jackkelly/2024/06/03/banks-brokerage-firms-return-to-office/ One of the reasons for the RTO edict is that new regulations from the Financial Industry Regulatory Authority—a self-regulatory agency—now require the home... — read more 

Some of you all need to get a grip

SOOO much bad information here. Look, we have ~70,000 employees. If it's true from another thread that USB is laying off ~11,000 employees in 2024. Based on that number above, that means ~59,000 people are still going to be around. It's not like... — read more 

July Layoffs

What layoffs does U.S. Bank have in store for July? Anyone hear of anything?

I was laid off recently

Took my severance, gave banking a long hard look, and decided to completely change industry. Oh boy, and what a good decision it was. Went nonprofit. I’m paid less, but what I get can’t be paid in money. Work is meaningful, colleagues are great, work... — read more 

Public Service Announcement

Remember to pay attention to which posts get removed. Those are the ones that management doesn't want you to see. If they are worth the time it takes to send a threatening email, then they be saying something that is worth suppressing.

USBank does not care about their employees

All this best place to work and how much they care about their employees are lies. The leaders are from McKinsey and they use McKinsey as consultants . They even said if anyone wants to know who made the RTO decision, AC said it was him , Elcio, and... — read more 

Made it Another Month

As a hated fully remote employee not anywhere near a HUB or client center, I'm here to report I've made it through another month without getting the ax. From what I'm reading on here about US Bank following the Wells model in dumping eventually all... — read more 

USBIF layoffs?

Heard that they would layoff in huge numbers here in next five months. Is this correct?

What about Risk?

I’ve heard there is going to be some major layoffs there. Has anyone else heard that? I know that area is very bloated, especially higher grade levels.

Tim Welsh

Just announced will be leaving USB, remaining through July and then serving in advisory position through October.

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