It is just rumors but figured I would pass along. Heard BM cuts will start week of 16th or week of 23rd. Trying to finalize what to do.

Typically they don't do layoffs in the month after a quarter-end. Maybe on the sales side. But not in operations, credit, accounting, reporting, TOS, usually there is lots of work being done and a sudden layoff would mess things up. That is why... — read more 

I haven't had much luck in my job search so far and I believe that layoffs here are imminent.

Hold spending on big-ticket items

I was laid off last year in the summer during the CBB reorg. I was a top performer for years and have an impressive resume. Since then, I’ve gone through interviews for four roles, making it to the final stage, but I’m not selected for every single... — read more 

What are you all hearing about a hiring freeze in retail? Are you being allowed to make job offers? There are mixed messages out there. Timmy and Sekou can’t make up their minds and give a simple concise directive.

USB is having issues with capital. They had to raise $3B due to capital ratio tightening. They owe MUFG $3.4 B in addition to the original price tag to acquire UnionBank. MUFG took a bigger stake of ownership in USB. The savings bill for... — read more 

During the acquisition a lot of branches were closed and some Branch managers became Market Engagement Managers and Float Managers since there was no branch for them to be placed. Will they really keep these jobs? Or were they notified how long they... — read more 

Stayed tuned low performers…… Thank you for all that you do! Which is very little.

I was recently laid off from UB/USB. My termination date just recently passed. Now how long will it take them to deliver my severence check?

It is very apparent that US Bank have zero interest in promoting Union Bank people. Watching Union Bank people promoting and US Bank hire managers have been non responsive or superficial interest in even consideration. Strong feeling the rumblings of... — read more 

Well Truist is going down the 🚽 with their reorg and impending layoffs. Our execs have been spending an awful lot of time in Charlotte lately. Are we going to buy up parts of Truist’s business, some of their real estate holdings, aquire Truist or... — read more 

https://edd.ca.gov/en/unemployment/filing_a_claim

For those who received a retention bonus letter prior to LD1, anyone hear when the bonus is going to be paid?

The site continues to be a $h!t show run by a heartless puppet. It’s only going to get worse. Is KM going to fix it or let his precious reputation be tarnished?

Every month, I learn that one or two people I know who worked for a long time were let go. Talking to others, they know one or two people they knew were also let go. Is anyone else seeing this pattern?

One of the reasons I left my previous job for U.S. Bank was i was told they kept everyone in the Great Recession of 2008. Knowing the volatility of the auto industry I made the incorrect assumption I was headed to a more stable environment. Wrong! — read more 

What is everyone’s current situation with RTO? Are your managers enforcing you to be back in the office? How often do you need to come in?

https://www.americanbanker.com/news/u-s-bancorps-ceo-other-top-officials-sued-over-unauthorized-accounts

I was reading that Moody placed US Bank on review for downgrade. What does this mean and should something like this be concerning for employees?

My question is why try to have a strong performance at all? Is strong performance generally valued enough here? What do you think?

The only reason I can make sense of this is that the entire C-Suite is cashing in while the stock continues the sink and they’ll all ride off into the sunset as multi-millionaires after they’ve destroyed U.S. Bancorp.

The STL retail team’s performance is the pits. Constantly underperforming and their leadership’s response is a predictable “We’ll try harder next time!”. They’re a broken record, same excuse different day.. Clean house and start over with new... — read more 

I went into a few retail branches and couldn't help but notice how defeated the employees looked. Then I spoke to a few and realized how bad US Bank is treating the branch employees. Branch Managers hidden from customers or not their at all... — read more 

Any HR employees out there who can provide insight on how much longer it's going to take to determine non-branch Union Bank employees permanent roles, titles, job responsibilities, etc...? Or are we going to just remain in limbo for months on end?

It's been a long time since I've been able to feel relaxed and focused on my work here, because I've seen great employees lose their jobs easily. However, judging by the behavior of some of my colleagues, there are also many who feel safe... — read more 

Line of business managers are all white men followed by white women. Diversity and inclusion doesn’t apply. What wrong with this picture….hiring their own kind because that is what they are comfortable with? Please wake up it is 2023 .

I went into a few retail branches and couldn't help but notice how defeated the employees looked. Then I spoke to a few and realized how bad US Bank is treating the branch employees. Branch Managers hidden from customers or not their at all... — read more 

Our technology team had 2 layoffs this summer and another planned for August. Small in size but they continue as part of the TOS reorg.

Another notch on the belt for the mistreatment of Union Bank employees. Thank you US Bank!

On Friday a decorated 10-year employee of corporate payment systems sent an email to all 4,000 + CPS employees calling out the unethical and demoralizing activities of CPS leadership. This employee says in his email he has been with the bank for 10... — read more 

Vault teller positions being eliminated. End of September due to Union Bank acquisition. No details about what it looks like yet.

The whole mortgage group is a disaster

Morale is at an all time low. Company leadership is travelling around telling about there vacations and PR bougie events. While the branches are suffering. Employees have no clear direction. Who's leading this place? Work life balance doesn't exist... — read more 

I'm a Union Bank employee that has been told I'm being retained, and have been assigned a US Bank manager. However, it looks like it will be a few more months at least before we're told our official job titles, pay grade, permanent work structure... — read more 

Can someone tell me what the Union Bank severance package is? Some are saying it's better than USB and I'd like to know since it's happening to me after being an employee for than 25 years! Thanks

Anyone in pso concerned about all the contractors being hired?