Topics regarding layoffs at U.S. Bank

Topics regarding layoffs at U.S. Bank

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 

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| 1680 views | | 1 reply (February 2, 2021)
Post ID: @OP+19b4KkJg

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 

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| 2100 views | | 5 replies (last March 30, 2021)
Post ID: @OP+1971cA7e

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 

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| 1612 views | | 1 reply (January 27, 2021)
Post ID: @OP+195K52IZ

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 

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| 2840 views | | 4 replies (last January 25, 2021)
Post ID: @OP+191yVdx9

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 

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| 2203 views | | 3 replies (last January 25, 2021)
Post ID: @OP+191In3q0

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

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| 1950 views | | 4 replies (last January 20, 2021)
Post ID: @OP+18WZ9UYx

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.

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| 1780 views | | no replies yet
Post ID: @OP+18Omrpdl

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.

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| 2273 views | | 3 replies (last January 19, 2021)
Post ID: @OP+18Nl3GRG

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 

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| 2850 views | | 6 replies (last January 21, 2021)
Post ID: @OP+18mcBfMy

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/

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| 1744 views | | 1 reply (December 9, 2020)
Post ID: @OP+18hK5GJH

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 

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| 1860 views | | no replies yet
Post ID: @OP+18flsNKl

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 

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| 3940 views | | 4 replies (last February 1, 2021)
Post ID: @OP+18eDblL8

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.

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| 2040 views | | 2 replies (last December 2, 2020)
Post ID: @OP+18bC4vn2

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 

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| 2130 views | | 5 replies (last December 1, 2020)
Post ID: @OP+185igGLd

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 

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| 1383 views | | no replies yet
Post ID: @OP+1853Kz7E

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 

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| 1992 views | | 3 replies (last November 30, 2020)
Post ID: @OP+185CLzEY

US Bank Layoffs 2021

Is there going to be any reorg or US Bank Layoffs 2021? Any news or rumors?

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| 2740 views | | 2 replies (last November 26, 2020)
Post ID: @OP+184vljH4

January RIF?

Any updates? Heard anything? Is it January or just first quarter 2021?

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?

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| 2280 views | | 3 replies (last October 29, 2020)
Post ID: @OP+17DCpyV9

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 

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| 2590 views | | 5 replies (last January 21, 2021)
Post ID: @OP+17znbjKp

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 

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| 2160 views | | 3 replies (last October 23, 2020)
Post ID: @OP+17z3YYQ2

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 

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| 1843 views | | 3 replies (last October 22, 2020)
Post ID: @OP+17voPkR7

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

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| 1361 views | | 2 replies (last October 15, 2020)
Post ID: @OP+17pr3yGz

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 

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| 1640 views | | 2 replies (last October 13, 2020)
Post ID: @OP+17pbLVJi

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 

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| 1632 views | | 1 reply (October 11, 2020)
Post ID: @OP+17nvzUg6

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 

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| 2390 views | | 4 replies (last October 14, 2020)
Post ID: @OP+17k0tBSt

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