Any usbank employees ( not union) laid off today?
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Acquisition. Complete buy out . I was with US Bank as it happened.
BTW US Bank does NOT have assistant managers. You will be downgraded.
Wmis = wealth management investment service. Based on all these posts, thats where all the layoff is occurring. makes sense, Goldman Sachs axing ,ost of their consumer unit
What positions or teams were laid off in WMIS?
What is WMIS
Any news on Mufg Union Bank NY/NJ area lay offs?
Got my working notice yesterday (WMIS). Last day is end of Feb.
Who all got laid off from wealth management today??? Deep cut coming???
USB doesn't care if the customer service is horrible. All they care about is making money.
What departments or business lines specifically?
I work in the retail branches. I work for UB.I've been to 4 US branches in the last 6 months. By far the worst customer service I've experienced in 40 years in banking. UB is known for there experienced seasoned retail bankers who perform and serve. If it's clear to me I'm sure it's clear to USB
Wealth Management and Investment Services, what team was affected?
WMIS? I'm not familiar with that.
2 people on my team (team of 12) in WMIS got their layoff notice. They're working until end of February.
NY/NJ Union Bank back office and IT prepare for a bloodbath. Especially if you are still remote.
There are a lot of former Union folks who seem to be confused as to whether the deal was a merger or an acquisition, so they’re then confused why they’re taking the brunt of the layoffs (at least for now.) Sigh. Former UB folks, you were acquired. I have been through this before in my career and it sucks. The acquired company’s staff is the first to go. Especially true here as a lot of UB roles are better paid than their USB counterparts. I feel for you, but please do NOT be surprised when you are made redundant. This is why this deal was made - profit and operational efficiency.
Part time peak banker got laid off today.. Anthony said it was because they were terminating his position and had nothing to do with their performance but their performance was a little low so I don’t know what I believe
To the last poster, in case you didn't know (probably clueless working at home) - this is the mother of all and the worst prep for RIF seen in 15 years here about to drop. For the next 7 days, this board going to be hot.
Someone is having a good time spreading their negativity
This board will be hot for the next 7 days.