Thread regarding U.S. Bank layoffs

What will happen to the bank managers?

What will happen to the bank managers? They let some district managers go today. Assigned the remaining DM’s more branches.

I was just wondering the same thing as @11DvdIse-2muy . Let go and ad more responsibilities to the remaining ones. How long can such shrink continue?

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Post ID: @OP+11FsD1iN

8 replies (most recent on top)

I hadn’t heard of any DMs being let go. What market was that in?

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Post ID: @6ghl+11FsD1iN

To the ones claiming the unwillingness to adapt to change for the retail environment; they were not the only group impacted.

Along with removing those positions they also gutted the internal IT departments that not only support retail analyst's but literally every other type of employee as well. The IT Help Desk (assists employees with workstation issues for both software and hardware) was also completely outsourced to another company. Along with them, they removed the Tier 2 team for advanced support, the internal customer care team that handled request escalations, technical fulfilment who assisted in Service Requests (people that need new software or hardware) etc. This is just phase 1 of a much larger project to come.

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Post ID: @2vhf+11FsD1iN

Don't drink the US Bank kool-aid. Things are bad there and getting worse. Our CEO is terrible.

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Post ID: @1bme+11FsD1iN

Agree and the employment market is in our favor not their’s!

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Post ID: @1kak+11FsD1iN

This is a naive take on what is the beginning of significant people cuts. The first phase is being whitewashed and pitched as changing branch patterns—minimizes public reaction because most understand changing retail patterns. As others have confirmed, this is phase 1. Rather than reassure each other with false platitudes, let’s provide intel and options for each other. What depts are next? Who is hiring? There are many opportunities outside of US Bank.

Let their cavalier attitude towards our livelihoods impact them with community ill will. They are not an employer of choice

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Post ID: @1gpz+11FsD1iN

Most of the people who are upset are the ones who are not willing to adapt to change. They want to continue to run transactions and not enhance their skill set. There is nothing wrong with that, but it just means they are not a good fit for this company now. Sometimes people forget that this is a business and not a non-profit organization. All major companies have layoffs, but that doesn’t mean they are horrible companies. There are a lot of talented people out there that this will open up the doors for who were held back by people in the wrong positions. The bottom line is that it doesn’t really matter what the reason is good or bad, impacted employees are mad because it happen to them. There are still a lot of smaller banks who still only care about running transactions and not help customers better their financial situations. Lower expectations =lower pay. The grass is not always greener on the other side.

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Post ID: @1pgh+11FsD1iN

For those of you that weren’t privy to the leader to leader call I wish you could’ve listened to it. It’s not about money. It is about changing the way that we do business. If you are in a branch then you are well aware of what kind of foot traffic is coming in. There are newer positions being created that are designed to help accommodate the customer more so than what is currently out there

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Post ID: @afj+11FsD1iN

Our branch employees and customers will suffer tremendously! The branch I work for has been short staffed since I started two years ago. Our assistant branch manager is on the like constantly and is the only reason our branch stays afloat. Our branch manager is hardly if ever in the office. Once she’s in charge we will surly suffer more. Everyone at my branch is unhappy and 4 out of 5 employees looking for jobs elsewhere. Us bank has lost my respect and my business I will be taking my accounts elsewhere

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Post ID: @fcs+11FsD1iN

IT WILL GET WORSE BEFORE IT GETS BETTER THIS NEW CEO IS A HEAD HUNTER AND ALL ABOUT THE NUMBERS HE HAS NO COMPASSION FOR HIS EMPLOYEES AT ALL!

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Post ID: @lvv+11FsD1iN

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