Thread regarding U.S. Bank layoffs

Very unstable environment to work with

Less pay, loads of work n unexpected lay offs. No proper reasoning for lay offs. Contractors are retained n full timers are kicked out. It’s such strange horror to go through.

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Post ID: @OP+VObTUbz

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Contractors typically aren’t considered head count but rather short term project costs that are part of a cap ex or something like that. Contractors and employees are 2 different line items on the balance sheets

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Post ID: @3rrt+VObTUbz

Keeping contractors makes no sense to me... Honestly. They cost more and they provide less.

I really do not get this logic, USB does it but many other banks rely on this as well...

Not sure if someone else has a different take on this but this is nuts at best.

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Post ID: @jbl+VObTUbz

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