Thread regarding Union Bank layoffs

They will keep you as long as they need you. After they cutover all the customers, watch your head.

Go read the US Bank threads. Lots of layoffs recently.

US Bank is going to gut MD’s and Directors from UnionBank. MUFG is going to downsize drastically as well, just do the math. Someone said earlier that MT has screwed up the acquisition..that is an understatement. Both groups of execs have no clue what they are doing. MUFG would be better off holding on to UB.

Well let the stress stop….. US Bank is going to cut a lot of the UnionBank folks and UnionBank is going to cut a lot of folks as well. Regulators are blind if they don’t see this. The acquisition is a mess. MT has made a mess of things but he is KC’s boy.

There now you can move on .

Well, what else did you expect from end-stage predatory Capitalism?

US bank is handling their layoffs quietly all this week many people lost their job. Not sure how long it will continue but the Enabling Our Future might be around for the next few years… their plan is to fire and automate and outsource as many departments as possible. They are disabling our future.

They are currently hiring for compliance positions and state the position will be moving over, as well as a large team, to US Bank when the sale is final (in a couple months). Would they hire new employees only for them to be laid off??

USBank has been laying off recently. Go read the layoff: usbank comments and you will have a better idea of the landscape you are entering with the merger.

Start looking.

I'm willing to bet they are going to shed Union Bank admin and compliance. They aren't going to have two seperate groups, they'll keep theirs and can ours.