Thread regarding U.S. Bank layoffs

McKinsey Martyr and quiet layoffs

Dear US bank Mc and board,

Lemme get this straight: Us bank docked my “total rewards” compensation package by -14%; “gave” me an increase of 2% (all of which my manager apologized for) —which won’t cover parking much less gas — and you have the audacity to demand spend the money to be pew-filler in an office where no one I work with is — all while you continue to make my job harder and you quietly lay people off around me? (Just under the number that would need to be reported. Very foxlike of you.)

Wanna know what’s wrong with the “culture” you preach about? You. The leadership at the bank is virus ki-ling the cultural at the bank.

Also the Andy martyrdom is comical. Nice job McKinsey. You didn’t tell the Mc how to tell employees about your master plan, so now you have 70,000 people making up their own stories and creating a culture of mistrust.

Us bank will be a case study like Blockbuster and blackberry in business school someday.

This company is a dinosaur.

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| 2205 views | | 6 replies (last ) | Reply
Post ID: @OP+1rb4uoqK

6 replies (most recent on top)

Step 1. Lay people off
Step 2. ???
Step 3. Profits!

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Post ID: @nkyh+1rb4uoqK

Merit 2% AIP 10% (Instead of 20%) Full LTI

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Post ID: @2rbl+1rb4uoqK

My take home pay is also down from years past and now to account for 3+ day commute I’m way behind. Everything is unaffordable and here comes management committee who make millions deciding for us poor people what is right. We do the wrong thing should be the new bank slogan.

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Post ID: @1men+1rb4uoqK

During 2020, next year's goals were reset so low you could not help but blow out 2021 and 2022 if the economy recovered reasonably, which it did and more. So, one way to look at it is that 2021 and 2022 were quite abnormal to the upside, outliers. Banks did way worse in 2023 and your seeing it in the bonuses.

Not defending anything the company has done or is doing, just saying 2021 and 2022 were not normal.

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Post ID: @1ewu+1rb4uoqK

What Total Rewards knockdown are you seeing? Where can I find that for me?

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Post ID: @1svr+1rb4uoqK

Knocked mine down 30%; I’m taking home less money in 2024 than 2023. How does this sound right! All my bills go up and take home pay goes down!

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Post ID: @1ckz+1rb4uoqK

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