Thread regarding U.S. Bank layoffs

Leadership firings

There are senior leadership firings that are not making sense. Talented people that go above and beyond with a lot of seniority or experience. They must be getting fired bc they just earn more. This is another huge blow to morale, why would I want to move up in a company like that?

Executive level leadership is woefully unqualified and terrible messaging.


by
| 1886 views | | 6 replies (last ) | Reply
Post ID: @OP+1kjqr0e6w

6 replies (most recent on top)

In the past 2 years I have seen only 2 kinds of managers let go.

  1. Those who are getting paid very well (subjective to what GK and MC define as well).
  2. Those who are so good at their jobs that their immediate managers view them as a threat.

Same goes for individual contributors as well. May as well rename the company Titanic.

by
| | Reply
Post ID: @m6+1kjqr0e6w

@bm

100% correct. I know of a person who was darn good, they got laid off, and their team was dismembered into 3-4 different areas and placed under “managers” who were less experienced, less credentialed, and paid much much less. It simply doesn’t matter if you’re good at your job anymore. Pay for performance but don’t perform so well that you become a target because of your pay.

by
| | Reply
Post ID: @ke+1kjqr0e6w

It's 100% a cost-cutting measure. That's all that the MC and GK care about, meeting the bottom line, and the easiest fastest way to do that is let people go that are making money, and if need be, replace them with unqualified people who make less money.

They don't care if it has a negative effect on quality or morale, I've had senior management say those exact words to me. They just don't care. Deregulation and lack of oversight...

by
| | Reply
Post ID: @bm+1kjqr0e6w

@bb fired? It's unclear but a group of senior leaders which make it seem like some kind of reorg.

by
| | Reply
Post ID: @bj+1kjqr0e6w

Fired or laid off? Theres a difference

by
| | Reply
Post ID: @bb+1kjqr0e6w

The objective of management is to replace you with Indians (hostile takeover). Once you understand that all the moves make sense.

by
| | Reply
Post ID: @ap+1kjqr0e6w

Post a reply

: