Heard that they would layoff in huge numbers here in next five months. Is this correct?
5 replies (most recent on top)
Impact finance isn’t DEI and isn’t about community ethics. It’s a subsidiary with its own budget and CEO. The work there helps our bank pass CRA, meets regulatory requirement, and makes money with tax credits and syndications. Only an asset when we struggle with mortgages and business banking in this market.
@1dlv+1tfrLQwJ I disagree. DEI is no longer the flavor of the month in corporate America, and US Bank has never been an especially culturally enlightened leader of corporate or community ethics. At its core, it's just a cheap rust belt bank that follows the lead of better run organizations. I think you will see it shed its commitment to community development just as soon as it thinks it safe to do so.
Highly unlikely. That part of the bank is still hiring right now and historically never has done layoffs like the bank.
I think they are referring to “impact finance” - what used to be called the community development corporation.
Please spell out the acronym. Thanks.