Thread regarding U.S. Bank layoffs

As of Sunday, your designation will change to Market C if you are currently remote in D, E, or F. The new 2025-2026 HR compensation spreadsheets (available on the HR site) shows the target bonus and LTI adjusting down to meet the Market C numbers. So very likely when the bonus pool is allocated through the compensation review tool, it will assign (or make recommendation) to use the dollar value that will aggregate w your base and LTI to the Market C values. Thus bringing down your total comp to Market C values. Then over time, as your base does not increase year over year, it will eventually align down to the Market C midpoint.

@31eq Base pay remains the same and bonuses are calculated as a percentage of that base pay so not sure what you mean by bonuses for 2025 being impacted. What am I missing here?

And now they want to cut the compensation (announced quietly via email yesterday) for those who live in higher cost of living markets and have not been assigned to a hub and remain (or have been reassigned to) remote. This will very likely impact bonuses for this year since this new compensation arrangement will go into effect almost immediately on Sunday 12/21/25 -per the email- and bonus awards are assigned in early January. This is completely illegal since they are seeking to not pay those employees for the work already done in 2025 without sufficient prospective notice (two weeks before the end of the year for which the bonuses are based off of and paid). I sense more litigation to come at U.S. Bank rather quickly!

https://fortune.com/europe/2024/01/31/sap-remote-work-return-to-office-5000-employees-letter-betrayed-3-day-policy/

A sign of where this is going. If we don't speak up and make a stink about it or claim ADA exemptions, we're gone.

As the other user said, it is true that remotes near a hub will have to go in to the office. My question then is, are you bringing the offshored jobs back onshore. I mean if it’s important to protect data and be in an office, we should bring the jobs back from India, right?

@5vql+1qLAPKGU Exactly. This government is so anti-Americans it’s disgusting. The banks that went woke will also go broke.

There is collusion going on between the banks and government regarding RTO. BOA sends a warning letter to employees about RTO a week ago, USB announces their RTO last week and PNC announces RTO today. This more than just a coincidence.

I've worked from my home office for 7 years. It was agreed when I was hired that this was fine. I collaborate with people from all over the U.S. and not one single person I interact with is in my local area. Apparently I will be required to spend 2.5 to 3 hours per day commuting, pay expensive parking out of my own pocket, all so I can sit in a cubicle in a U.S. Bank office and do the exact same thing I do now via Teams. I would just be sitting in a different location to use Teams, where there will be noise and distractions from all the other people doing the same thing around me. If senior leadership thinks this makes sense, I have lost all respect.

Heard thru the great vine yesterday that the bank WILL be looking at all remote employees, and those that live near a hub will have their designations changed and have to come to the office. This is regardless if you’ve been remote prior to COVID. So be ready folks because is coming.

I don’t think you can find the leader call on the intranet. But did you know that Andy and the committee say our data is not secure to work from home so quickly, everyone shut down because it’s not secure to log in and work from home suddenly but it was fine for 4 years. Somehow magically it will be secure to work from home but only 2 days you’re allotted. Please make it make sense.

I WAS HIRED HOME BASED TEXAS, NO HUBS IN THE STATE - BEEN 3 YEARS HERE, NOT MANAGEMENT DO I HAVE TO WORRY?

Where can I find the “leader call” on the intranet? I’m interested to hear A.C. make a bafoon himself regarding RTO.

The plan is bye bye

Hub location is an excuse to cut many rural areas and mid-sized towns. Deep cuts comin’.

20 major cities = 20 hubs. They are dreaming up a nightmare that should bite them in the a-s

And yet nobody knows, or can, or will tell us where these hubs are AND what happens to those of us that were remote prior to Covid.

In regards to the person that said, "This exact plan is happening at Wells Fargo, Chase, Fifth-Third, Huntington, and probably others."

Exactly the problem. U.S. Bank ALWAYS looks to what others are doing and following suite. Not an ounce of innovation.

If we always do what others do, we won't ever be #1. We'll be just average.

For the most part if you're working remote within 50 miles of a hub you are required 3 days in office. Only exception is if you have a verifiable medical accommodation on file. If you are outside the 50 mile, one way commute, you will likely be put on a transition plan that could include you moving (no relocation), separation (no or little severance), or being allowed to continue to work remotely in your current position, however you would not be able to move to a new position and continue to be remote. Note: this exact plan is happening at Wells Fargo, Chase, Fifth-Third, Huntington, and probably others.

If you're more than 50 miles from a hub they have to give you a severance package if they let you go.

I’ve heard speculation that it will only impact those who live close to a hub, but Amazon and others called on all remote workers to move to a hub area or find other work. The way this is going, it wouldn’t surprise me if they go the Amazon route to force attrition.

https://www.cnbc.com/2023/08/22/amazon-employees-are-quitting-after-they-were-told-to-relocate-states.html

Union would be the more productive approach

And what if we don’t return 3 days a week? They will start firing us all? What if this hub is in a city I did not agree to commute too? I accepted this job under different circumstances. Can we get together and lawyer up? I’m sure nice large lawsuit would look great in the media spot light.

It’s my understanding that if you’re within a certain distance of a hub, you’ll be expected to be in the office 3 days a week, no matter what your working model is today. If you’re remote and not near a hub, you will remain remote. There are also certain job functions that will remain remote. Only those labeled hybrid today, need to return starting this quarter. The good days are over y’all.

I can tell you nobody was moved to “hybrid” yesterday because that designation is going away as part of this.

And if you’re “remote”in the system now but live near a HUB or nearby office, high percentage of chances you’ll fall under the mandatory three days. In the system right now, it’s all over the board, so they’re looking at everyone.

The topic of RTO was brought up a few months ago to a certain HR exec. I’ll paraphrase what he said in response “Is it possible that we take remote employees and have them work out of an office if they live nearby? Sure.”. The call was recorded so there’s no backtracking on what was said.

I know a lot of remote coworkers that live less than 4 miles away from our office, haven't seen them in 4 years, they don't even want to meet up for lunch. Pretty sure thoose are the people that are marked "hybrid" in one field and "Home-based" in another field. Pretty sure USB is going to start calling BS on these WFH employees unless they have a medical need.

Heard that some people who were remote got moved to hybrid today after the email got sent out.

Since they went woke under the new leadership everything started going south. Now I’m waiting for them to go broke.

Was wondering the same. Fully remote here and not near a hub.

I’m remote and in an HR but haven’t give any insight. A leader did provide a sly clue that we wound be seeing one another more often in person. Dona Google search of what AT&T and Amazon did with forcing employees to be based near a hub city or get canned. I fully believe we’re headed in that direction.