TOS has been insulated from massive layoffs for over a decade. But they will get some this round. There are 3 factors: push to cloud and AI - most people were quietly made redundant by 3rd party machine learning and infrastructure-as-code and... — read more 

Capital One lays off most of its Agile squads. Guessed they figure out that the consultants were selling crack. Ours is a joke , we are not Agile. We are a hodgepodge of tasks with no strategy. We should abandon this losing proposition and look at... — read more 

Any usbank employees ( not union) laid off today?

Just got word that business line reduction mandate from the top to cut staff has been enacted . Seems to be a bank wide directive.

CEO, who used to be President of USBank West coast left. Head of HR left. Not a single leader stayed on with USB. What does it mean for the rest of us? Blood bath???

Are people actually going back to the office 3 days a week ?

More cuts coming this week. I don't understand, why do people think layoffs will continue? 500 people already got their notifications last week - mortgage and HELOC among others - so who else do you think needs to go? US Bank wouldn't have made the... — read more 

It's funny how many people seem to think that the merger-related layoffs are only due to redundancies and will continue to be about redundancies. They are laying off people who cost the most and keeping/hiring those who cost less. It's that simple... — read more 

This place has completely drained me. Sometimes the very thought of looking for a new job and starting from scratch made me anxious, but now I can't wait to leave. I realized that nothing here is worth this much stress and worry.

https://ir.usbank.com/news-releases/news-release-details/us-bancorp-completes-acquisition-union-bank MINNEAPOLIS--(BUSINESS WIRE)--Dec. 1, 2022-- U.S. Bancorp (NYSE: USB) today announced that it has completed the acquisition of MUFG Union... — read more 

Will it be us bank employees turn this week?

Anxiety is through the roof.

I feel terrible when I hear from people who have been laid off that they were previously given big promises, probably to lull them into a false feeling that their job is safe. This is how they try to squeeze employees until the moment they are no... — read more 

First of all, best of luck to everyone affected by these layoffs, I'm very sorry. I read somewhere among these posts that those who are kept will end up with the much lower comp. Perhaps I didn't understand this well, so I'm interested in how true it... — read more 

Just a reminder, they expect you to give at least a 2 week notice. I wonder how many people do.

Anyone else seeing no luck with internal jobs?

Anyone heard how the bonus and pay raises will be, and when we can expect them ?

Who thinks there will be layoffs the first week in January?

It's like this place is trying to run people off. They tie our hands with the equipment they give us and expect us to do our jobs. Seriously, the day I find a job elsewhere will be the day I leave this place.

I think I will soon have to make a choice between quality of life and pay, because I am totally exhausted here. It is impossible for managers not to know when a deadline is unrealistic. They just don't care. Do they want to drive people away or... — read more 

Will there be layoffs this week with so many on vacation ? Or after new year

Giving the option of volunteering would represent huge risks for this company, but for me it would be a good option. I believe that many would love to volunteer to be laid off?

Does anyone know if the US Bank 401k allows mega backdoor roth contributions?

Tell me about the capacity

Some key questions: do I want to stay at USB? If so, in what role? Is there a different role internally that I’d be great at? what happens if I’m laid off? (There have been a few dismissals in the corporate office over the last couple of... — read more 

I currently work at BNY Mellon. Our CEO recently announced a change to the 401K plan. Currently our company match (max 7%) is implemented each pay period. Starting in 2023, the match will be paid at the end of the year (actually, three months after... — read more 

My morale is zero. There are a lot of rumors circulating about layoffs and I am getting more and more anxious, and as a result, less and less productive. I would like to keep my job here at least until I find a better one but I am especially... — read more 

Wish they would just tell us if we are safe thru holidays like BOA did. I’m just nervous to be happy as I’m afraid it’ll happen but I hope not

Now that the MUFG merger is complete, I would expect the mission to close more branches continues and yet another reorg. Especially in formerly known community markets. They paused for a while until USB received regulatory approval but come 2023... — read more 

I too would like to be one of those who think there won't be any layoffs so that I can finally relax a little.

I thought that I would never become completely burned out because I actually love my job. However, expectations from employees are continuously growing, the pressure is increasing. The atmosphere is very tense and the unusual behavior of the... — read more 

Suddenly they think of sticking many people in one room making stupid parties like that will make anyone want to go in. Kind of disturbing actually. People are still getting sick and no one cares about stupid forced interaction. Barfing inside.

Make a prediction and tell us what you think about US Bank layoffs? Any chatter, news or rumors?

Here is week they can lay us off and it will be done before Q4 ends but also it will not be RIGHT before any holiday

I used to enjoy my job once upon a time, but the last few years have changed that completely. I'm constantly stressed out over unrealistic goals and deadlines, having my workload increase all the time, and having to worry about layoffs on top of all... — read more 

How are they going to enforce RTO for only hybrid employees when so many people are remote/home based and working on the same teams as hybrid employees? It’s going to create so much animosity between team members and no way are employees who’ve been... — read more 

I've been hearing a lot of whispers about people being fired for the most ridiculous things. I'm now even seeing it talked about on this board. If that's how the management has decided to reduce the number of employees, then I'd welcome being laid... — read more 

Gee- there is no way they would lay us off this week. Please

I heard a rumor that managers are being told they’ll be fired if they don’t enforce RTO. Can anyone confirm if that’s true?