Is there a count of the number of layoffs that have occurred since the corporate tax cuts of 2018 came in? US Bank didn't care and gave a $1,000 "bonus" to most people and then stabbed then with layoffs. If Biden gets elected, hope they take those corporate tax cuts away.
Corporate greed, lost revenue, and continued automation of various services has caused most banks to cut jobs. Other jobs are being outsourced to vendors as a cost saving strategy as the vendors can pay far less than what tenured employees were paid. Most banks also anticipated rates going back up but after just a few increases there are now economic signs pointing to future rate cuts and not increases.
US Bank has shown their true colors and is just another large commercial bank looking to make a few extra dollars on the backs of their employees.