Thread regarding Union Bank layoffs

Why are we the only ones to pay the price for this "merger?"

I might be wrong, but it seems to me that the overwhelming majority of those who are being laid off are from our side. We are not low performers, we know what we're doing, but that doesn't seem to matter. I know that's how businesses and corporations work, but I don't have to like it. This whole thing is utterly unfair.

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| 1564 views | | 4 replies (last January 24, 2023)
Post ID: @OP+1kKYzCgq

4 replies (most recent on top)

Sadly the mortgage side is not needed due to the “way too late way too fast” Fed rate increases, which were allowed/bullied into being too low for too long by the previous administration. Oops. Now we all pay the price for that selfish blunder. Boohoo inflation was too high. Now it’s lowering, but… it doesn’t MATTER if you don’t have a job! Rather pay too much for a used car vs. losing a job! But too late now, right? Complained yourselves out of jobs. Now the true price for the fix is coming home to roost. SMH

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Post ID: @6hwx+1kKYzCgq

Is there any news on Layoffs?

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Post ID: @1fbc+1kKYzCgq

Because it’s not a merger. It’s an acquisition.

https://ir.usbank.com/news-releases/news-release-details/us-bancorp-completes-acquisition-union-bank

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Post ID: @1rqx+1kKYzCgq

Where are the layoffs occuring? FYI: Mortgages don't count. There is no mortgage business at the moment.

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Post ID: @1oxu+1kKYzCgq

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