Thread regarding U.S. Bank layoffs

A few times each year, TOS brings in younger people for training. I hope those trainees know to stay at the bank for 2 to 3 years, get all the training you can, then sharpen resume and go make bank. You will make 40% more money changing jobs. You will also be much happier and respected.

Bank employees don't understand how underpaid they are.

"acquisition of tech talent from mergers - get rid of expensive old talent, hire new talent from acquired firms to replace, fresh blood."

MUB acquisition certainly doesn't apply here. They are all pulling in 2-3x what equivalent USB employees are making.

Great to see management posting in this forum again.

"Classic bank person, because other loser companies are worse, then it's fine here. It's not worse at leading companies. The bank is always a decade behind what leader companies are doing today."

Classic complainer who has all the answers but somehow never seems to actually exhibit leadership and contribute successfully to changing or improving things. But glad someone knows what should be done. I assume you have a plan on how to solve all the system issues immediately and are ready to implement it as soon as someone listens.

"Have you ever worked for a large bank before? It doesn't sound like it. There are others that are in far worse shape when it comes to outdated and disparate systems that don't "talk to each other".

Classic bank person, because other loser companies are worse, then it's fine here. It's not worse at leading companies. The bank is always a decade behind what leader companies are doing today. It's why they fall behind daily and will at some point be merged with a leading company in the industry.

Quoting from another commenter: "There is no common, comprehensive technology plan for the entire company. Nothing is integrated. TOS is an old technology mess."

Have you ever worked for a large bank before? It doesn't sound like it. There are others that are in far worse shape when it comes to outdated and disparate systems that don't "talk to each other".

Nothing will improve while Technology and Operations are part of the same org. They should be separate and independent. Operations holding Technology back with employees thinking they understand tech and trying to dictate direction. If tech teams don't listen it's straight to escalation.

TOS isn't a technology leader in anything. Middle management is so old, they don't understand anything about modern technology. There is no common, comprehensive technology plan for the entire company. Nothing is integrated. TOS is an old technology mess. Everything is always done cheap without any regard for long term costs. All of TOS management should be let go.

TOS leaders are a joke. Middle managers are weak and have no clue how to build high performing teams. The run it like you own it so passé. Transformation is a joke. We are anything but Agile. We waste so much time on half assed requirements that don’t help our developers .

Thoughts on the new separation of technology and operations?

Does someone think HR has power to do anything about anything? If you want to 'out' people you need to speak with Price Waterhouse/Makinsey. Or was that intended to be a joke?

The amount of cutting that could occur in TOS is massive. It never happens though, where it should. So many useless middle managers. Managers of Managers, reporting to other useless managers. None of them do anything but plan the next re-org. So many levels of uselessness. There should be a max of 4 levels from frontline worker to CIO.

Who is snitching to HR?

Nobody from HR looking at this? Sounds like something HR would say.

Lol, don't let anyone scare you. I doubt anybody actually went this to HR. Everybody knows USB has people actively looking at this page and even commenting. That is, unless those people were laid off or quit too.

NJ/Ny Union Bank employee (specifically) - I’ve sent this website and thread to HR someday/time last week.
They thanked me for sharing this resource and forwarded it to the relevant person💀

NJ/Ny Union Bank employee- Your group has been outed to USB management due to your nonstop asking of the same question. Great job 👏 staying on the down low and not drawing attention after your company has been acquired. Bravo! 👏 I’m sure they are going to specifically start looking at the remote NJ/NY team that supports Archer. DO YOU HEAR THAT MANAGEMENT?! ARCHER! REMOTE! NEW YORK! NEW JERSEY! UNION BANK TEAM!

Once again person in NJ/NY IT stop spamming the same question slightly tailored to the topic it’s getting really old.

I work in operations for a major bank. My job is super redundant but i dont see how they can replace us. The system was built and designed with us in mind. The system can run fine for like 1 months by itself before they starts losing money because ops is not here and something small stops working. One hour of downtime cost them my yearly salary lmao. Is it worth it?

So is NY / NJ teams who support Archer and came from Union Bank spared from layoffs?

TOS is the name for the technology arm of US Bank

From what I can tell TOS is Technical Operations Specialist.

What they've been spared from is layoffs. If you can't tell, USB LOVES layoffs. They just don't announce them.

What is TOS? SPARED FROM WHAT?