Don’t understand why people had to be targeted and thrown out during the Great Resignation - would had plenty of people sign up for voluntary separation
Large Layoffs are Happening in Multiple Orgs at U.S. Bank Today (July 20th 2022)
Post updates in this thread.
Layoffs in Kate Whittington’s org
They are happening today.
Fraud/Risk Areas
Anyone know if layoffs in the fraud/risk area are coming?
I changed my mind about quitting
I was determined to quit ASAP but the constant layoffs have changed my mind. Why would I leave when severance is an option? I can't think of one reason why anymore. I'm planning to do only what I have to (no more going the extra mile, no more... — read more
Business Banking
All business development consultants let go in the twin cities. Likely more to come
Mid-management jobs cut
Seems like several departments were notified of management positions being by terminated yesterday. Anyone know the total number of jobs cut?
Ok so… time for plan B everyone
Let’s recap what everyone needs to do: resume update LinkedIn profile update and network there! if you’re laid off, some may choose to use the green “open to work” thing on LinkedIn after severance period ends. take stock of spending/... — read more
When will some of you realize there is no more being safe here?
There's no relaxing. There's no end to worrying. There's no end to stressing. Layoffs are the new normal. Layoffs will be happening indefinitely. It's as simple as that. I've said this before and I'll keep saying it. You're not safe. Don't act like... — read more
Brain drain
Lots of good people leaving before they get laid off. Lots.
It's been a few weeks without more cuts
Does this mean we can relax?
How long is the notice period
As the title states, is there a defined or standard notice period?
Payment services/Elavon
Please reply if anyone knows if this part of US Bank has been affected, or rumors of any upcoming layoffs?
We've lost so much talent
We've lost too many capable and experienced people to layoffs and I can't figure out why the leadership would think that's a good idea. We already feel their absence and it's only going to get worse in the future. Layoffs are supposed to rid the... — read more
I'm worried about being cut
I'm worried every time I hear anything about layoffs, and I guess that's why I'm surprised by how many people here write that they'd like to be laid off. Is it possible that people are so indifferent to losing their jobs here? Isn't it better to... — read more
The poor communications isn’t the answer
Lots of people willingly leaving these days, too. Are you seeing a thing where there’s no official announcement? Like ya gotta figure it out for yourself? Or you see a LinkedIn update?
BBS
Does anyone see the BBS position going away? Kind of a middle line job with the bankers being able to do the same loans as the BBS and most BBS's are not trained to work commercial loans... Just really makes me question why that position is at US... — read more
Look for jobs at medium and smaller banks
Things that improved for me since I left for a significantly smaller bank: salary, bonus, title, and company culture. The only thing that could use some improvements are benefits, but when you compare it to everything else, it's well worth the... — read more
I'm still struggling with being laid off
I'm 49 and I've spent more than a decade at US Bank. I'm still having trouble accepting how easy it was for them to get rid of me. It's not the job search that's the issue, I already managed to land a few interviews. It's realizing how unimportant I... — read more
Is/will there be a non-compete clause in the severance agreement?
Any ideas? My last day is 7/22 so won't see the severance agreement until then.
Layoff time
So a group got their walking papers and last day is July 22nd. If you came from Citi mortgage then your safer than a long time us bank employee. This management group ran Citi into the ground then came here with their stupid ideas and it’s going to... — read more
Be ready for next week
Just sayin. Next week will be another round, don’t tell me I did warn ya. Another massive round is already in the works and will be announced mid September
Just don't trust them!
I see that others also write about cases where managers tell individual employees that they are safe. I was told the same thing, but I don't believe at all in most of what the managers say here! I can only imagine how it feels for someone who was... — read more
You shouldn't consider yourself safe
At this point, nobody is safe at US Bank. Layoffs are not done. There'll be more, the only question is when. Also, there's no rhyme or reason for these layoffs. People who've been here for decades have been laid off and those who've been here for a... — read more
Take control of what you can do
Folks - I get that people are worried. It sucks. I feel it too. However, let’s all stop waiting for the hammer to fall and take matters into our own hands. If you haven’t updated your resume, do it now. Make sure your LinkedIn profile is also up to... — read more
LGTBQ+ support a diversionary tactic?
I have noticed that at the same time they are laying off loyal employees left and right, US Bank is getting strong kudos on LinkedIn and other social media for its support for LGTBQ+ support. It's just odd to me that at this time they are getting... — read more
Low morale no longer interest anyone
People around me worry every day about who might become the next target. Logically, productivity is lower than ever. It used to be unthinkable for managers to look indifferently at declining morale. So how come they don't care at all about it now? — read more
Finally a layoff-less week
From what I can see, there were no layoffs this week. I'm guessing if nothing happened until now, nothing will happen from here on (usually they start at the beginning of the week, rarely in the middle, and even rarer on Friday). It'd be nice to know... — read more
Lower quality of work is not on us
We can't keep the quality of work high when the leadership keeps getting rid of employees through layoffs and attrition without backfilling and then they expect those of us remaining to take on several jobs. I can do great work when I only have my... — read more
Why are layoffs kept secret and why do they drag them on?
Without getting in the merit of the question, are layoffs needed, another question is on my mind. If layoffs are necessary, why aren’t they performed more efficiently and with more transparency? The decisions on layoff numbers and who gets cut is... — read more
Who is next?
Who is going to be laid off next and when? I’d like to warn a few people. Got my walking papers 2 weeks ago.
Get used to layoffs
Upper management doesn't care about anybody but themselves. You, me, and other "minions" are nothing but numbers in their toxic cesspool. They'll keep laying us off without consideration as long as it benefits them in any way. As wrong as it is... — read more
Mass Exodus next couple months
Not to be overly dramatic but I work with quite a few people who are all looking outside the company. Some already have jobs while others are interviewing. The ones who have found jobs even got more money. What happened to this company? When I... — read more
Got my offer letter out of here! What now?
Just want some insight on how and what I should do before I leave as it was for the best for me to advance, What should I be doing before like my 401k, insurance, and if there is anything g else I should worry about?
I'm so tired of this place
I'm tired of constant layoffs, being overworked, being yelled at by my manager, being taken advantage of by some of my coworkers... I'm at the point where I can't even enjoy my weekend. I keep thinking about work and dreading Monday. I would leave... — read more
Do you think it is harder to work here than in other banks?
In terms of salary, many who left received a very significant increase. Some are now paid twice as much as they were here. However, in general, workload, pressure with deadlines, atmosphere...? Something that bothers me the most here is that... — read more
I see a light at the end of the tunnel
I'm in a celebratory mood. I just got done with the final round of interviews with a company I've been wanting to join for years. I honestly think I nailed it. Now I'm waiting for the call and I'm praying to get it soon because I'm so done with US... — read more
US Bank Brand is Dull
The big 4 in US Banking right or wrong seem to have a more active brand. Then Truist is trying. But no one thinks of US Bank…it is not noted for anything positive. It’s logo is boring and old looking. It’s technology is boring. It lacks creativity... — read more