Topics regarding layoffs at U.S. Bank

Topics regarding layoffs at U.S. Bank

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 

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Post ID: @OP+1hoM113Z

Org Chart Change

Someone told me that U.S. Bank made a change to the system to where if someone gets laid off they still show up on the org charts and company directory for a period of time after they are gone. This appears to be true in that people who I know that... — read more 

Botched Union Bank Merger is cause of all the layoffs

Welsh and his cronies royally screwed the pooch on the Union Bank merger and got deal ho--y which is the root cause of all of the layoffs. The regulators still haven’t approved it and quietly required USB to ensure no branch closures and layoffs as a... — read more 

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| 6970 views | | 9 replies (last February 21, 2023)
Post ID: @OP+1hniyn2O

Not having any power over whether I'll keep my role

There is no way for an employee to try to keep their job here. This is what, along with the uncertainty, demoralizes me the most here. What’s the point of giving your best and having great performance when we all know it’s not the decisive factor... — read more 

How many people got laid off from certain groups?

I was wondering if we could share how many people got laid off from your team i relation to the size of the team. Please post how many people your team contains and how many people got the boot now?

Is anyone else’s manager a complete clown?

This type of a manager is rampant at USB and yet never seems to get laid off. No leadership capability, only knows how to waste time with meetings and coming up with id--tic ideas that make no sense. Has a different stupid idea every day, can’t... — read more 

How can anyone work like this?

Every week I hear about people being laid off. It’s going to be a constant trickle for the near future. Are they trying to force attrition when plenty of people are already trying to leave? Pathetic how the company always goes on about employee well... — read more 

Happy and motivated employees - are there any here?

Trying to be promoted in order to make a little more - and thus increase the likelihood that you will become the target of some of the future layoffs, does not make much sense. It's as though they've decided to demoralize their employees. The... — read more 

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Post ID: @OP+1hmrfIwR

I warned everyone “wait till June 3rd”

Then I let everyone know that payoffs were temporarily paused for another week and guess what happened. Now the next date to watch for is sometimes in September/October. Branch closures coming in your neighborhood. Get ready folks

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Post ID: @OP+1hm1Ppud

Be happy you are out of this mess

Think about it. If you were laid off or you are slated to be laid off you are getting paid to leave a company that has been a big mess for years. I know people fear recession but the job market is still really good, so finding a new position should... — read more 

Shady layoffs…zero transparency

I know multiple people who were laid off, computer access cut off same day without any chance to say goodbye or tell people they were laid off. In my area, it was done in multiple waves with a small number laid off each time and no announcement. They... — read more 

Job offer through MUFG Union Bank

Was curious to know, should I be worried about potentially being laid off if I was just given an offer for a position at Union Bank? I realize U.S Bank is having layoffs and Union Bank seemed to have layoffs last year and early this year. Thank... — read more 

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| 2010 views | | 4 replies (last June 22, 2022)
Post ID: @OP+1hlv0mXU

Why are the managers so protected against layoffs?

In light of all the insecurity, layoffs, reorgs and whatnot I have tested to see a wave of layoffs that will thin the management structure. I mean, why do regular working-bee employees have to be the victims, when we all know that the over blown and... — read more 

What motivated you to quit?

I've been on the fence for a while now. I keep adding things to my pro and con list (and the con list is significantly longer) but I still can't get myself to take that final step. What was it that pushed you to finally say "sc--w it" and tell them... — read more 

Problem with layoffs

Some of the best people have been cut but those who are known to be lazy and who can barely do anything are still there. Isn't that crazy?

Layoffs in small chunks

Layoffs in small chunks shrouded in secrecy - honestly, I didn't even expect any fairer approach to layoffs here. This has long ceased to be a place where employees can feel respected and valued. Does anyone have any idea how many people have been... — read more 

When is it going to stop?

When will it be enough? I know my weekend will be anything but relaxing having to worry about what the next week will bring regarding more layoffs. Then it's the week after that and then who knows how many more. Are they intentionally trying to... — read more 

More coming next 2 weeks

Across various business units, there will be a blood bath. Have heard of cuts/layoff coming in at least 4 different areas. Lots of FTE to reduce. Hoping my 24 years saves me but what I have seen over the last week, don’t think there is much to save... — read more 

Best thing that happened to me

Best thing that happened to me was I was laid off 2 years ago. I was stressed for couple days but now I look back and so glad I am no longer there. Not only do I make more money but It also helped me unlock my potential.

Nothing to worry about as the recession ravages the economy

Nothing to worry about as the recession ravages the economy... Customers will carry a zero balance on their credit cards, a zero balance on personal credit lines, there will be no new commercial loans, no new home mortgages, no new car loans, nor... — read more 

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Post ID: @OP+1hgICb1c

Plenty of job opportunities out there

Being laid off (if it happens) could be a blessing in disguise. More pay and the opportunity to work for a company that isn’t a dinosaur of the banking world.

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Post ID: @OP+1hgYJzML

Signs that someone may be facing a layoff

Fortunately, I wasn't affected although I am still very anxious. I am sorry for all those affected and I hope that they will soon find much better opportunities. For those affected, I'm wondering if there were any signs or red flags that you... — read more 

More layoffs today

I've been hearing that there were even more layoffs today. Can anybody say what was hit and how badly? I'm getting tired of this whether it's true or not. My stress levels are through the roof and even unsubstantiated rumors make me go into a panic... — read more 

ELAVON PAYMENT SERVICES

Has anyone in Elavon/payment services been laid off or heard of any upcoming layoffs?

Cheaper labor will not fix anything

I don't think cheaper labor will contribute to the U.S. Bank gaining any comparative advantages over competitors. What can cheaper workforce fix here? The bank needs talented employees, which is most of those who are cut! It's awful what's going... — read more 

Attrition should be enough

This is what I think makes these layoffs even more illogical and unnecessary than usual. We have huge attrition currently. Some of the best people are leaving, meaning that people who earn the most are leaving. That's not good for the bank but when... — read more 

Media coverage

Once again I am very disappointed with the media coverage of the layoffs here and I wonder why it is so poor?

US Bank: Yet another "Bad Bank" cliche.

I for one am taking my severance and not looking back. I've been with US Bank for a long time and it's only gotten worse over time. There's a lot of other companies out there that still have some humanity, so don't fret for to long over these... — read more 

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