I left over a year and a half ago due to unethical behavior from management. Hearing from others and seeing what's written here, it sounds like US Bank is in a dumpster fire that just keeps burning with no end in site. You would think that people in the MC would have hired other leaders from BOFA, JP morgan or Citi to help them navigate..... But no. Can't have people than know better tell Gunjan and Jodie that they running the bank into the ground.
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It’s bad everywhere in banking, just a matter of degree.
95% of what is attributed to US Bank being uniquely bad is just US Bank doing the same thing the other banks are doing as we enter the twilight years of the industry.
@pt You made the right decision. Nothing is worth more than your sanity and health. Thank you for not being a boot-li---r and cascading the marching orders blindly down to your reports. Pushing back on junk goals and not executing them is a step in the right direction. Be proud of yourself for not being sheep.
Same! I left because of the toxic environment after a long career with USB. As a former leader at the organization I could no longer execute the terrible decisions that were coming down from the top. And while everyone says to stand for what’s right and ethical - it’s a career ender at USB. I’m glad I made it out alive - literally. The last 2 years of my career there were the most depressing of my life. I had anxiety, depression and a constant fear of when the bottom would fall out. Once I realized this was the future of the organization, not just the current situation, I knew I had to get the courage to leave. Walk away from stock options, LTI and a nice vacation acruel, and start over for my mental health and my family.
@f0 be GRATEFUL for the 3 days hybrid you peasant… our peers ask their employees to come in 4 or 5 days. (as mentioned by our beloved leader on the town hall call).
To be clear … I disagree and found it funny. Somebody needs to tell that disillusioned freak that she is just a passing CEO and doesn’t own the company.
@cx I’m of Indian origin and I agree. We still have that master-slave thought process and one can see it in Gunjan’s eyes.
I’ve tried not to let it get to me but these last 6 months have been absolutely horrible on my mental health. Nothing you ever do is good enough and there is zero appreciation. Miss me with those thank you for all you do emails they’re worth absolutely nothing.
@dz the only reason they are prioritizing aggressive, ambitious goals is so that people won’t hit them and it makes the leg work for NI next year a cake walk. If you don’t burn yourself out trying to hit a moving target this year, then you can guarantee yourself a term or layoff next year.
Moral is at an all time low. Low attrition rates are due to monthly ongoing RIFs and a sh---y market. They know exactly what they are doing. The pendulum is on their side right now. They have the cards and know it, for now. Waiting to see what March 1st brings. Most unethical, non transparent HR and senior leadership team I’ve ever been around. This company has gone to sh-t in one year, lowest moral, MCs lack any empathy and have no fu--ing clue how real employees feel because all the su-k as--s next to them. Record profits, pay sh-t and show an increase to the board to make you look great. All that matters is making the board money, until it isn’t.
We have our eye on you leaders. We can’t wait until this company tanks and you all get replaced. That’s the direction it’s headed. If you cannot recognize teams unhappy, scared of a RIF because everyone knows someone close already affected, then get on camera and smile and share we made all this profit (records) and know you put new rules in place for comp to hold back spending and sc--w over 50% of the company. Nobody can stomach attending another all employee town hall. You waste your time diverting and lying. Goals don’t mean sh-t! Going above and beyond gets you no where. Good luck with your offshore FTE strategy. It will fail one way or another! One has to wonder why Gunjan and Dilip opened a FTE India facility in Dilips hometown. Maybe he’s planning to visit home more.
This place is now steered by leaders from India, obsessed with rigid hierarchy and status games in product, engineering, and “agile,” and they’ve managed to morph what used to be a friendly Midwestern bank into a hyper-competitive swamp where politics beat honesty. It also syncs beautifully with the classic McKinsey playbook: squeeze people for maximum output, pay them like it’s a favor, do layoffs like seasonal housecleaning, and ship the work off to wherever labor is cheapest this quarter.
@a7 can’t imagine proud boys or oath keepers approve of GK or the overrun of H1Bs. How do you know they’re PB or OK??
What happened? McKinsey.
Firing auditors and keeping Proud Boys/Oathkeepers in your AML risk area ain’t good for business!