Are we expecting any?
Wow! Clip from an article on Mr Cecere’s 2019 increase
S. Bancorp’s USB president and chief executive officer (CEO) Andrew Cecere received 40% hike in his total compensation package for 2019 compared with the prior year. Cecere’s total annual pay increased to $18.8 million in 2019 from $13.4 million in... — read more
Anyone else see a 40% Increase in 2019? Wonder what Mr Cecere’s increase will look like for 2020
https://finance.yahoo.com/amphtml/news/u-bancorp-usb-sec-filing-133401646.html
TOS
How does Soroka still have a job? He leads TOS Operations Services and seems completely clueless about both technology and Operations. They even joked about it in the Strategic Roundtable. He's surrounded by heavy weights and isn't even embarrassed... — read more
Cecere visiting branches?
R Davis used to stop by branches every once in a while. Cecere has zero interest in mingling with subordinates, unless they make him tons of money. Same with TOS deadweight hollow "leadership". The only time managers talk to subordinates is to... — read more
No more branch closures in the near future
Andy and Terry Dolan recently announced there are no more branch closures in the near future.....what ever that means.
Severance - DO NOT SIGN!
Beware of the US Bank severance offer. They make you agree to allow company officers and employees to defame and malign you after you leave!!! If you do sign it you have 90 days to withdraw your permission!! DO NOT SIGN IT. KEEP A COPY OF IT AND GIVE... — read more
More changes coming
I've heard more changes are coming including additional reorganisations but nobody seems to have any details. It's not that I doubt we're looking at more of the same, it just be nice to know more than "somethings brewing." If anybody knows more... — read more
Hr was reorganized
Lot of hr staff was let go. Welcome to workday, everything is automated, wait times to talk to someone in hr is over 1 hr
March 2021
I heard through the grapevine that there will be another " reorganization" in March involving Commerical and Corporate banking. Sounds like they are trying to be more transparent about upcoming changes. Give me a break.
Branch Managers to go bye bye.
The company will get rid of a lot of dead weight branch managers soon. Hub district managers will oversee their own with multiple others. CRC4s and anyone with S2 authority will step in.
Big news about to break in Jan
Get ready for a wild ride everyone. After q4 earnings.
What is happening to teller positions?
What is happening with Teller positions??
When can we get some good news?
Branch closings, layoffs, cuts in benefits...I'm exhausted from hearing all the bad news and waiting for the next announcement to learn just how bad it'll be. Remember when announcements used to bring good news, like bonuses, for example? I miss... — read more
400 more branch closures in Q1
U think 2020 was a bad year? 2021 will be brutal. https://www.atmmarketplace.com/news/us-bank-to-close-400-branches-reports-robust-digital-engagement/
Changes
Branches are becoming “micro market” with few 4-5 branches instead of having big districts with 20+ branches. What do you think of this? Are business line partners for branches such as business bankers, wealth management etc. will be... — read more
Get out while you can
USB has significantly more cuts planned all with an eye towards a massive payday for AC and the executives through a buyout. AC has personal gambling issues and is desperate for the payday and ego stroke. He has sold USB out in search of the highest... — read more
Card counting Cecere needs to go
He’s gambling the future of the company to the ground. There’s a reason why he’s on the banned in Vegas and Atlantic City.
Why is the transition to a modern system so slow?
Bunch of old bank people without a clue as to direction or how to lead people. TOS management is just running out of the string until they get their golden parachute. It’s well past time to simplify, consolidate, and focus on what’s critical. Move... — read more
More branches closing
U.S. Bancorp will close about a half-dozen more branches in the Twin Cities, some of them inside other businesses. The closures are part of a larger transformation since more transactions now occur digitally. Earlier this year the bank said it would... — read more
Severance info
I've heard there might be some severance reductions in the future rounds due to the pandemic and I'm having trouble believing even this place would be willing to screw over its employees so badly by doing something like that in the worst possible... — read more
US Bank Layoffs 2021
Is there going to be any reorg or US Bank Layoffs 2021? Any news or rumors?
January RIF?
Any updates? Heard anything? Is it January or just first quarter 2021?
Andy Cecere stepping down. Richard Davis is coming back
Wishful thinking
Something Coming?
Continue to hear and see smoke about large scale changes on the very near horizon, possibly as early as the end of the week. Does anyone have any details upon what other shakeups might be coming?
Big announcement coming soon
Wait till after the holidays. News has leaked from inside sources. January 18th will be a new day
Quit your job at US Bank Today!
You can stop the mess, the stress and the politics once and for all. Don't waste your life waiting for a promotion that will never come. Forget about an "officer", "AVP" or other meaningless honorary title that only is used to flash at LinkedIn and... — read more
IT Department Being GUTTED
Meetings this morning and several full stack developers and application developers quietly notified their job will be disappearing in 90 days and to look for positions in other divisions. Meanwhile we continue to post profits amid every other company... — read more
Never again US Bank
Too many mistakes. Too may rats and weasels running the organization. Too many frustrated customers feeling ripped off their $ with irrational commissions and fees. Too many loyal and hard working employees feeling squeezed and underpaid. This... — read more
Next branch closures is On-Site branches
Announcement coming in January. Happy new year’s!
U.S. Bank announces plans to close more branches; Q3 profits decline
https://www.bizjournals.com/twincities/news/2020/10/14/u-s-banks-profits-drop-in-third-quarter.html?iana=hpmvp_twin_news_headline
US Bank website and services down
Check the page https://downdetector.com/status/us-bank/map/ Massive outages ATM website mobile in all the regions where US Bank operates Piece of c-ap bank
Where to apply?
Where are people who have been impacted applying for new jobs? I've looked around, and every bank has had a major layoff or two in the past six months. Most of them are not hiring right now and even if they do, chances are they'll have more layoffs... — read more
Wake up and flush the toilet
For those impacted, my solidarity. I know you are going through a lot. Anxiety, anger, powerlessness and sadness may be some of that. US Bank owes you nothing. They never cared about you and they squeezed every bit they could from you. Flush US... — read more
New day new beginning
One door closes, other opens. Everything happens for a reason. How do you know this was the best job you’ve ever had, next one could or will be even better. Opportunities are born during times like these. Don’t be an employee , be an employer. ... — read more
More to come?
After the dismantling of community banking is this it for a while or is there more to come? Are the division support staffs in community about to be consolidated? Are regions going to be eliminated? Will community now be merged into metro (it all but... — read more