The offshore contractors will start getting on boarded as Full time US Bank employees. That means layoffs starting August.
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@dm that is the trick that was done 20 years ago where EDS and IBM was given the outsourcing contract, offered the same job for 40% less pay, and if you refused, no severance. It was an offer many could not refused due to their personal situation.
So most likely, they will ensure the outsourcing company offer the job at a lower pay as part of the process.
Middle management favors those employees who can stuff the heads inside the boss's backside and stick their tongues out.
@a9 I was laid off in May after almost 12 years and being in my 60’s.. Minimum severance is 12 weeks. That is what I got. The policy su-ks because someone who has been with the bank a year or less still gets 12 weeks. I worked my butt off for over 11 years and put in 50-60 hours a week and always went above and beyond. But management favored another individual who doesn’t know a 5th of the knowledge I have. To me this bank is about those who kiss up.
It does change to two weeks a year after 15 years but there is a maximum.
@aj That is incorrect. If your job is outsourced to a vendor (whether it's a vendor in the US or offshore), it is true you don't get severance IF you are hired by the vendor. If you are truly displaced and are not employed by the vendor, then you DO get severance. The group I am in has done this multiple times.
"What areas are impacted?"
"What types of roles are they trying to replace?"
If you are not customer-facing or regulatory facing - the answer is simple : yours.
What areas are impacted?
@cz I've heard of someone recently that got a full year. But most of the time I don't think most get their full package.
@a9 I don’t think they do 30 weeks of severance anymore???
I closed all of my Usbank accounts early this year. Best feeling. They don’t deserve our money if continue to offshore jobs.
@cc this is a genuinely good list but it works only if the top management wants to improve. They don't. I say just do the first one and move the money out. Tell your family and friends to do the same. Then watch how quickly things will turnaround. In other words communicate through your dollars.
What types of roles are they trying to replace?
Most us knew this was manifesting years ago and kept warning but people here was focused on RTO and TTUS results.
I was dating someone overseas who was in training to replace US Bank roles last year - kept trying to tell everybody but they will find out the hard way, as usual.
Before everyone trips over themselves trying to be "professional," or trying to not appear “racist” it's worth pointing out that being polite has apparently become code for pretending everything is fine. Years of poor quality, endless rework, repeated explanations of the same project scope, and constant hand-holding have been quietly absorbed instead of addressed. If leadership thinks offshoring has been an overwhelming success, it's probably because too many people stopped escalating issues after realizing nobody wanted to hear about them.
If you're tired of pretending everything is working perfectly, start keeping receipts.
- Move your money out of your local USB branch and into a local bank or credit union that actually invests in domestic jobs. When they ask why you're closing your account, tell them their offshoring strategy made the decision easy.
- Every time you're forced to reteach the same concept, answer the same questions, or spend hours coaching someone through work they should already know, document the time. That's not collaboration, it's a hidden cost.
- Keep a running log of defects, production incidents, misunderstandings, and communication breakdowns. Estimate the business impact whenever possible, whether that's lost revenue, customer frustration, or reputational damage.
- Record every commitment that gets made and whether it actually gets delivered. Promises aren't deliverables.
- Track unannounced absences, unexplained disappearances, recurring "network issues," and missed support windows. If expectations exist, document when they aren't met.
- Stop rescuing every failure. If you genuinely can't understand someone, say so. If an urgent task wasn't completed, explain the consequences and leave ownership where it belongs. Resist the urge to swoop in and save the day every single time.
- Send your manager a weekly summary backed by facts, not frustration. Data is a lot harder to dismiss than complaints. Repeat every week until someone either fixes the problem or admits they don't intend to.
@ay because it's literally written into the severance policy that if your job is offshored and you are laid off as a result, you won't get severance. This has been discussed all over this site for the last year and a half. Go look at the policy yourself if you don't believe me.
@aj why wouldn’t someone get severance if they get laid off?
@a9 except if your job is offshored they won't give you severance. So be careful what you wish for..
Not going to lie, with 15 years in, I'd volunteer as tribute if I could. My children are adults I can afford to take a lower paying job. 30 weeks of severance, yes please after what the bank has put me and others through over the past few years.