Happened today, my husband was laid off after 10+ years with the bank. He's crushed. Good luck to all of you who are still there. For all people that got laid off: my prayers are with you. Good luck!!!
What happened today?
What departments and/or locations were hit today?
People First
Help me understand this... All metrics are trhough the roof, we are doing really good, executing exceptionally - so, we decide to lay people off? How is this a "People First" strategy - this is anything but... Oh, well. Crony capitalism I guess... — read more
Pay attention!
Going forward employees need to pay close attention to weekly changes and “optimizations”. The branch optimizations that have been carried out over the last year or two were clearly making the assistant manager position obsolete. This pattern is... — read more
What will be hit next?
Small Business Banking? Something else? Please, if you know something, share. My nerves can't take much more of this.
U.S. Bank Eliminates Help Desk and Other Groups
Mandatory Call for Help Desk, Technical Fulfillment, Vendor Compucim, and ITSD Field Groups. Told that positions will be eliminated by August of 2020. Positions are only guranteed until May 2020. Only keeping 20 people from group of... — read more
Call today: You are no longer needed (Branch assistant managers, teller coordinators and full time tellers)
We were told to get on a mandatory conference call with our branch manager today. The call was to inform us pretty much that our position was no longer needed now that the company is moving towards a new direction. Branch assistant managers... — read more
To what company are you outsourcing IT and Business Process stuff?
I am with AT&T and we have a lively board here. We just outsourced 3000 jobs to Accenture. https://www.thelayoff.com/t/11047wZu
Tally 2019: 159 Branches closed, 150 still to be closed.
Talk to you managers, see how your branch is doing and if you may get closed. Get ready
Mega Thread
Here it is: @11DvdIse OR https://www.thelayoff.com/t/11DvdIse TITLED: USBANK OCTOBER 21 2019 POSSIBLE LAYOFF'S ?
Made Forbes list of most ethical employers... Hmmm....
I work at usbank and the last 12 months I’ve noticed terrible changes. Can they stop talking about being in Forbes list of most ethical employers. When they are ranked all the way down in the upper 400s and the lowest of all banks and lower... — read more
Severance Payment - US Bank Layoffs October 2019
What's typical severance payment for this go around? Same like 2018 (my layoff year)?
Repost - BIG BLUE BUTTON: See only active posts!
See only ACTIVE POSTS (ones that recently had replies...) ||||||||||||||||||||||||| For new folks here, there is a large "ACTIVE" button right above the first thread... you can use it to see what posts had recent replies. That's all from me... — read more
Generation shift
I write this for our peers in the retail world. You are valued. Your contribution to connecting and growing our relationship with our customers has built the foundation for U.S. Bank to succeed. Consumer behaviors have shifted and it makes sense to... — read more
Things are not going good at US Bank
US Bank has a new and changed culture. The things started changing rather rapidly after Richard Davis left US Bank. The bank changed from a people centered company profit and only profit making machine, each employee became a number…. Look around and... — read more
Help Desk Outsoruced
Good bye to almost 150 good solidly jobs - yep, we are yet another victim of #outsourcing
Bad news for us
Today was a sad day for assistant managers. My husband got the news today, after 10+ years with the bank (he’s an Assistant Manager) he will likely lose his job. We know that there will be generous severance (I think it’s one week per each year of... — read more
No more FT Tellers and ABMs
I was on a call today, it was cold, calculated, brisk and up to the point. Anyhow, basically there will be no more FT tellers and Assistant Branch Managers. That's it, that area is completely eliminated - so, you may continue as a PT teller, or you... — read more
Media Coverage - US BANK MANAGER LAYOFFS
http://www.startribune.com/u-s-bank-begins-staffing-overhaul-at-branches-with-unspecified-number-of-job-cuts/563584152/ U.S. Bancorp told employees Monday it would restructure staffing at its 3,000 U.S. Bank branches, including an unspecified... — read more
USBANK OCTOBER 21 2019 POSSIBLE LAYOFF'S ?
USBANK OCTOBER 21 2019 POSSIBLE LAYOFF'S ? Anyone have any info
Why did US Bank layoff so many people?
Anyone knows?
5 years with US Bank and concerned
Is the fraud teams combining and new automation it or is there concern of another end of Q4 early Q1 lay-off? Anybody have news?
Banking Layoffs
I am in Nor Cal and I am not aware of any layoffs at USBank - however some other banks are laying off - #BankingLayoffs are wide spread nowadays. If you do a basic search you'll notice that the following banks had layoffs recently: BNYM ... — read more
Rumors or predictions?
OK so I am not sure if people here do not comment or share out of plain fear or if apathy has taken over. I am hearing that a huge project manager wipe-out is going to happen right after Q3, similar to the one last year when they flushed all the... — read more
Eau Claire (43 Jobs Lost)
https://www.weau.com/content/news/43-workers-to-be-laid-off-from-Eau-Claire-US-Bank-512547512.html
CIO cleanup coming?
Number of rumors out there regarding realignment / cleanup / purge in the entire IT / TOS organization. Wondering if JVG will allow the new CIO to remove the poisoned souls?
http://www.startribune.com/u-s-supreme-court-to-hear-challenge-over-u-s-bank-pension-funding/512058752/
http://www.startribune.com/u-s-supreme-court-to-hear-challenge-over-u-s-bank-pension-funding/512058752/
New CIO ... surprise, it's an OUTSIDER!!
Are you surprised that the CIO replacing Chris Higgins (and now the interim one) was brought from BBVA in Texas? The amount of politics and backstabbing practices is so well implanted in USB, that this was inevitable! Nobody trusts anyone. The... — read more
List of US Bank Chicago Branches Closing by 2020
Algonquin (Jun-06); Alsip (Jun-25); Berkeley (May-23); Cary (Jun-13); Chicago (Jewel-Osco) (May-16); Chicago (Jun-27); Chicago (May-15); Cicero (Jun-20); Downers Grove (May-29); Evanston (May-30); Evergreen Park (May-22); Flossmoor (Mar-22); Lyons... — read more
How many layoffs since 2018 Tax cut?
Is there a count of the number of layoffs that have occurred since the corporate tax cuts of 2018 came in? US Bank didn't care and gave a $1,000 "bonus" to most people and then stabbed then with layoffs. If Biden gets elected, hope they take those... — read more
No Mandatory call 5/21?
Nobody can confirm or deny the existence of a "mandatory" conference call today. Any insight?
Fargo Layoffs Coming
RPA is coming to Fargo by the summer for a lot of fraud roles. Goodbye to needing humans it seems as the last meeting on Thursday presents new innovations to use robotics. How can US Bank just cut people like they are nothing. They hire more roles... — read more
Mandatory Call May 21 2019
Anyone know what the mandatory conference call on may 21 is all about?
How does this place even function?
With incompetent management, outdated (mildly put) technology, and lousy training for new employees, among other things, I keep wondering how U.S. Bank even keeps functioning. Not to mention that pay here is really low, well under industry standards... — read more
New Chief Digital Officer = layoffs
Scoop came out - https://www.americanbanker.com/news/us-bank-hires-its-first-chief-digital-officer The so-called digital transformation is way to put lipstick on the pig on the bank's mainframe and evaluate people needs to put pressure on capacity.
Health Benefits after SUB Plan
Hello, Does anyone knows, what are the options do we have for Health Benefits after SUB Plans in following conditions, which are cheaper. 1>If we find the Job, Salary will stop coming from BNY, do we have any option for continuation Health Benefits ?... — read more
September - biggest layoff wave - be warned
Corporate coming up with dramatic reductions beginning September as the Robotics Process Automation initiative begins picking up jobs in multiple back-office departments. Unsure if IT, customer service or underwriting (or all). Minneapolis, Wisconsin... — read more
Fraud and Risk at risk
We were just told that our RCA roles are now at risk for automation as third party vendors are more efficient. They said by Summer to early Fall a lot of the fraud roles could change dramatically. Our manager said I’m being up front as I don’t want... — read more