Thread regarding U.S. Bank layoffs

Layoffs are a regular occurrence at U.S. Bank

U.S. Bank has regular layoffs that have been going on consistently for years now. They never make the news, though, since they know to make them small enough to avoid both WARN and bad publicity. The employees know, though. It's become so bad that we are always fearing for our jobs. It's affecting both morale and productivity, and there's nothing we can do. Some of our best people are leaving because of this, and frankly, as soon as I get an opportunity, I'll be gone too. To think that I actually liked working here at one time.

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Post ID: @OP+PAWclqO

14 replies (most recent on top)

If this were a Union job this would have led to a strike and been all over the media.

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Post ID: @c4xzf+PAWclqO

This is all true. My wife has been with the company for 8 years now. She began as teller and moved all the way through the ranks and is currently a branch assistant manager. The call today was to norify them that they branch assistants, teller coordinators will be laid off. They can apply for jobs that are not even going to be full time. The tellers will be part time only, no full-time. The last day will be December 20,2019.
To the schmoe saying how great this company is get off your knees and wipe your chin.

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Post ID: @c4euz+PAWclqO

There is one more company Artesyn Embedded Technology, Eden prairie, Minnesota also laid off 80% employees recently.

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Post ID: @6wtzf+PAWclqO

Last week mass laid off at us bank, Minneapolis. Heard from my friend who is Working there.

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Post ID: @6wsoc+PAWclqO

Everyone is “p-ss-d off” when they get laid off. U.S. Bank is a great place to work and employees and customers alike enjoy receiving solutions and working for the bank. Of course, there will be internal problems, there are in all businesses. The new CEO has a very good vision and is putting the bank at the top of its game. I luckily was not laid off and to hear all the negativity is flat out not true.

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Post ID: @6dyqx+PAWclqO

https://www.google.com/amp/s/www.twincities.com/2018/10/23/u-s-bank-laying-off-1-percent-of-workforce-company-wide/amp/

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Post ID: @6dkca+PAWclqO

Anyone that comments Us. Bank is great company is a lier they just don't want bad reporting... That bank s---s I wish I could do something to get it shut down . Playing with people's careers. Don't want to go to banking because of them

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Post ID: @66nhi+PAWclqO

When I started at US Bank I thought it was a great company to work for. But once I learned about all the internal fraud that was going on it put me on edge. Four years later after climbing the coroprate ladder. They laid everyone off with out warning. I believe they new what was going a year prior. Now I feel like I wanted my time at that company all the stress I took to further my career was all for nothing. I will never ever get anything from this bank. I hope it shuts down. The customers are dissatisfied the employees are dissatisfied and I felt like all this could've been prevented. If I could turn back time I would've never took that job

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Post ID: @66etf+PAWclqO

My son works at USBank here in Irvine CA and his entire office is fearful of their department being closed down and moved to the Denver CO area under a consolidation plan to save $$.

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Post ID: @3Bpzn+PAWclqO

To the person who said this is false, your information is inaccurate. What the first person put about US Bank leaving the Wholesale Mortgage business was followed immediately after with a call saying we are all laid off and I had over 10 years in the company.

The new CEO is a numbers guy and pretty much heartless when it comes to cutting jobs.

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Post ID: @1Awys+PAWclqO

Which location was this layoff at

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Post ID: @1agra+PAWclqO

They recently cut the entire Mortgage Investment Banking team which is about 250 people. They jumped on a conference call and then next thing they find out they are done and had to leave within 1 hour. Not good morale at all. Most had 10-30+ of service.

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Post ID: @14uba+PAWclqO

I am one of those laid off. They are heartless! 30 days notice!

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Post ID: @2yrf+PAWclqO

I don't know where you work, but I believe this is a totally false claim and usbank is one of the best places I have ever worked.

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Post ID: @bhb+PAWclqO

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