Topics regarding layoffs at U.S. Bank

Topics regarding layoffs at U.S. Bank

Commercial Lending Layoffs

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!!!

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| 1180 views | | 1 reply (October 22, 2019)
Post ID: @OP+11EOhJeE

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 

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| 1580 views | | 6 replies (last October 24, 2019)
Post ID: @OP+11Es6BfY

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 

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| 1940 views | | 1 reply (October 22, 2019)
Post ID: @OP+11EHmEb9

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.

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| 1570 views | | 5 replies (last October 23, 2019)
Post ID: @OP+11E0crN2

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 

Mega Thread

Here it is: @11DvdIse OR https://www.thelayoff.com/t/11DvdIse TITLED: USBANK OCTOBER 21 2019 POSSIBLE LAYOFF'S ?

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| 1025 views | | no replies yet
Post ID: @OP+11EfzKkd

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 

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| 1090 views | | no replies yet
Post ID: @OP+11ENo5wQ

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 

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| 653 views | | 1 reply (October 22, 2019)
Post ID: @OP+11E2c5vs

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 

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| 1180 views | | no replies yet (last October 22, 2019)
Post ID: @OP+11E4bq6f

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 

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| 3080 views | | 5 replies (last October 23, 2019)
Post ID: @OP+11EVEMHU

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 

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| 1820 views | | 4 replies (last October 22, 2019)
Post ID: @OP+11EwbPrz

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 

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| 1390 views | | 3 replies (last October 22, 2019)
Post ID: @OP+11EmbR9Z

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 

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| 1830 views | | 5 replies (last October 23, 2019)
Post ID: @OP+11EPfxAn

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?

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| 2070 views | | 8 replies (last October 22, 2019)
Post ID: @OP+11ewUZYl

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 

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| 1590 views | | no replies yet
Post ID: @OP+10raEsa5

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 

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| 3120 views | | 7 replies (last October 22, 2019)
Post ID: @OP+10rp9Vul

Eau Claire (43 Jobs Lost)

https://www.weau.com/content/news/43-workers-to-be-laid-off-from-Eau-Claire-US-Bank-512547512.html

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| 1140 views | | no replies yet
Post ID: @OP+ZZh1K2S

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?

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| 1391 views | | 1 reply (October 8, 2019)
Post ID: @OP+ZYUcD4X

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 

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| 1530 views | | 1 reply (June 5, 2019)
Post ID: @OP+Zo4WICt

No Mandatory call 5/21?

Nobody can confirm or deny the existence of a "mandatory" conference call today. Any insight?

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| 1064 views | | no replies yet
Post ID: @OP+ZabVymq

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 

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 

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| 1770 views | | 3 replies (last April 30, 2019)
Post ID: @OP+YLGgOdJ

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.

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| 1150 views | | no replies yet
Post ID: @OP+YBmSDjZ

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 

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| 972 views | | no replies yet
Post ID: @OP+YmY7XQK

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 

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| 2035 views | | no replies yet
Post ID: @OP+YjWbKFb

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 

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| 1860 views | | 3 replies (last March 29, 2019)
Post ID: @OP+YeT1MR8

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