Thread regarding U.S. Bank layoffs

UB mortgage people that are not laid off

First of all, best of luck to everyone affected by these layoffs, I'm very sorry. I read somewhere among these posts that those who are kept will end up with the much lower comp. Perhaps I didn't understand this well, so I'm interested in how true it is?

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The UB folks were generally much better paid than their compatriots at USB, so it would not be a surprise if they’re asked to take salary decreases. Otherwise the USB people will all start clamoring for raises, which of course the bank definitely doesn’t want.

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