Topics regarding layoffs at U.S. Bank

Topics regarding layoffs at U.S. Bank

Marketing Reorg?

The announced marketing changes will take place this month. Does anyone have additional information? When is it happening? Any particular groups impacted? Will it address the rumors that BB wants to be more like RPS?

RTO is just the job cut strategy

Nothing more, nothing less. And some tax cuts for offices full of people spending money around hubs as a bonus. How do you perform, how competent you are, how productive you are - none of it matters whatsoever.

Where are you at?

Shock, denial, frustration, depression, experiment, decision, integration. Where are you at with RTO? Because if you live in any of the first 4 descriptions it’s rough.

Article about RTO at USBank.

https://www.axios.com/local/twin-cities/2024/03/01/us-bank-office-workers-return-three-days-week If they track attendance by badge swipe, that means we can swipe and head back home to work?

OK for Now

I'm fully remote, but there's no HUBs in my state and the nearest US Bank office is well over 50 miles from my home. Per my boss, no changes for me, at least none in the near future. Probably the long term outlook isn't the best, but I thing I'll... — read more 

Is Anyone Running This Company

Everything seems to be in turmoil, nobody knows anything, and getting caught in an endless loop trying to get anything done seems to be standard

RTO - sound off

So what do we all think? It’s going to be a rough few years around here.

The HUBs have been announced

They are in the Workforce Strategy FAQs through MyHR. The radius is 30 miles. Employees who are remote right now, even if they were hired as a remote worker, and live within 30 miles of a HUB will be required to go in 3 days a week. Remote employees... — read more 

No more remote. So now what?

They said we are all expected to be in office 3 times a week as of today if you have assigned space and remote work is gone. So where do I go in my assigned building? My manager and the rest of the team are all in different locations. Just drop in... — read more 

Workers are fighting back against RTO

https://wallstreetnow.co/en/articles/2024/02/27/deutsche-bank-faces-internal-backlash-over-remote-work-policy-risking-trust So it’s almost a month now and they told us we should have an update by 3nd of this month, yet there’s no plan for RTO. They... — read more 

Andy Compassionate?

Did anyone see that article on Andy and his compassion ? How many of you fell to the floor laughing .

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| 1780 views | | 5 replies (last March 26, 2024)
Post ID: @OP+1rfogtM0

Layoff and previous year bonus

I was let go with March 8 my termination date. My 2023 AIP is (40%). They gave me only 7%. Sick - isn't ? Anyone in the same boat ?

BRG - what was the point?

I would like to understand the rationale behind the BRG group initiative. How did it measure the performance and potential of the selected group? How did it affect the costs and benefits of working remotely or internationally? I feel confused by the... — read more 

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| 1520 views | | 5 replies (last February 24, 2024)
Post ID: @OP+1rcbm4di

McKinsey Martyr and quiet layoffs

Dear US bank Mc and board, Lemme get this straight: Us bank docked my “total rewards” compensation package by -14%; “gave” me an increase of 2% (all of which my manager apologized for) —which won’t cover parking much less gas — and you have the... — read more 

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| 2110 views | | 6 replies (last March 15, 2024)
Post ID: @OP+1rb4uoqK

Hub Strategy

Does anyone know what “hubs” are and will they affect home-based employees?

Outsourcing is Accelerating in 2024

Offshore office work, IT contractors, cloud platforms, Big Six consulting - these are stealth layoffs years in planning now manifesting in 2024

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| 1970 views | | 7 replies (last February 26, 2024)
Post ID: @OP+1r8KUaOq

When is next update for rto?

Why tell us everyone has to go back to office and not have a plan ? Some of us have to commute or take care of others, so will need to hire help. How do they expect us to plan when they have no plan other than everyone needs to rto. Going to be... — read more 

Your Voice (doesn’t) Matter

More RTO news is coming end of Feb. Layoffs and reorgs in March for Shaylesh’s groups. They rolled out this sh—show without having a fully formed plan. They didn’t announce hubs because they don’t know what they are yet. The MC are building... — read more 

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| 1530 views | | 2 replies (last February 15, 2024)
Post ID: @OP+1r3BunHI

Layoffs in March

More layoffs coming in March. Confirmed. Additional reductions from cost savings that were not fully realized in Q4 How reliable is this info?

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| 2990 views | | 8 replies (last February 20, 2024)
Post ID: @OP+1r231BX3

Bonus and Layoffs

Bonus discussions can start soon. Since bonuses are.for 2023 performance, if layoffs happen are you entitled to anything or just SOL? I figure if you are not entitled to anything then to expect layoffs bug time this week. Thoughts?

Hub Cities?

Curious if anyone is hearing what the 20 hub cities will be?

Dragging your feet?

How many people are thinking that the RTO is just another scare tactic? I mean are they really gonna do anything if you don’t go back?

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| 2450 views | | 21 replies (last February 11, 2024)
Post ID: @OP+1qX1Z2HZ

Sick-Out

Everyone should call out sick at least one day next week. Spread the word

How's it up there in the ivory tower?

I've been at U.S. Bank for nearly a decade. My career with the bank will be marked "before the leader call" and "after the leader call." Before, I was content. I liked my job. I delivered. I had respect for Andy Cecere. After. After the shock, I... — read more 

GFS Fund Admin

Does anyone know what bonuses and raises typically look like for fund administrators? Thanks!

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| 1070 views | | 2 replies (last January 29, 2024)
Post ID: @OP+1qOScMlx

More incompetence from Managing Committee

In today’s Minneapolis Star Tribune: In the aftermath of the insurrection on the U.S. Capitol, many of Minnesota’s largest corporations publicly announced they were pausing campaign donations to all members of Congress, including those who joined... — read more 

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| 2230 views | | 9 replies (last January 30, 2024)
Post ID: @OP+1qNSsSpE

Not getting better..

cpts cuts next. timing 2-4 weeks. I would like to thank janet at treasury for continuing to madly pump out bonds to give to banks for collateral who have no liquidity to support lending due to your buddies at the FED raising rates too fast and too... — read more 

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| 1940 views | | 3 replies (last February 5, 2024)
Post ID: @OP+1qL5qRrS

No longer US Bank

We do the right thing my ar-e. Might as well just rename it now to Bank of India or Bank of Poland with everything moving offshore but the leadership is more like that of North Korea…I wonder what Richard Davis is thinking looking at all this mess? ... — read more 

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