S. Bank is now under a hiring freeze. I'm guessing the next step is layoffs. Any ideas when the employees can expect it?
Topics regarding layoffs at U.S. Bank
While there are uncertainty during this tiring time, I do appreciate (and is surprised) that US Bank stepped up and provide a temporarily premium pay to its front line employees. Front line employees are really risking their lives to help customers... — read more
Read the Facebook comments. The IT problems are out of the bag now. Will be a problem very soon
Wells Fargo, US Bank, Citi and JP Morgan Chase will defer mortgage payments for three months. State chartered banks and credit unions will offer similar deferrals. The banks also pledged not to initiate foreclosure sales or evictions for the next 60... — read more
Anyone else see Andy Cecere just got a 40% increase on his salary. Must be nice to be on top but leave your employees struggling. What is ethical about anything you are doing?
Accused of the same Crimes as Wells Fargo and not a peep on this board. Bad timing. Going to be brutal with layoffs
From my understanding, State Farm agents will be able to open us bank accounts, offer loan products, etc. I don’t understand the direction Andy is heading and I certainly don’t like it. What’s the point in a banker if you are allowing insurance... — read more
Comment in this thread - it'll be the main thread.
Feels like every day there is some sort of re-org being announced mentioning further re-orgs to come down the line. Things are uncertain and people talk. Seems many are looking to leave. Mentions of many layoffs coming down the pipe.
Tell me what's the logic behind attending an in-person meeting while your branch only has 2 FTE. The info shared in the meeting can easily be covered in a quick conference call. They let you scramble for coverage help and deal with it. Upper... — read more
I dont know what part of technology US Bank is investing in when there is not card reader machines, no wire transfer function online, and not to mentioned the old ATMs like eating your customers' debtcard on daily basis.
Cecere only wants his golden parachute. A sad story of incompetence.
This deserves a thread. Two faced management.
Call me Boomer, I don't care. I don't use mobile because of hacking. I have a secure home computer with firewalls. My husband designs and builds computers for a living. I want to see a person when I deposit a check, not depend on a scanner or picture... — read more
Per Investopedia : While it may be understandable that a company would want to concentrate control of the business into the hands of its core leadership, the truth is that buybacks are increasingly utilized as a way to boost executive... — read more
Is this the biggest location you have? How many employees are at Minneapolis?
Not even the President of Retail Payments was safe this round.
I am an Assistant Manager who has been with US Bank over 10 years. I just accepted an offer for the new CRC role last week. I wonder what the new incentive plan or sales goals will look like for 2020. What have you all heard in your markets?
The Assistant Manager position was replaced with the Client Relationship Consultant position. Now they are hiring Business-Banking Development Consultants to work in the branches according to the article in American Banker. Do you think those... — read more
If the market makes a turn soon, do you think there will be US Bank Layoffs 2020? Any news or rumors?
Don't trust HR, they send your severance to payroll over a week late, dont pay you for hours that were worked.
Andy had given us laptop, big screen monitor, branch remodel with private cabin, upgrades teller furniture etc. But customers complaining what is the meaning of this remodel when there is no staff in your branch. All cabins are empty and one... — read more
Interesting that these new positions that were created mirrir positions that were eliminated and when tenured employees are applying they dont even get the courtesy of an interview but instead , they receive an email stating they are not qualified... — read more
An email stating your not qualified, but yet you have oeforned the same for over twenty years! Curious to know what the age ranges are for all who positions have been eliminated. Sounds like usbank is using corporate restructuring to remove tenured... — read more
It's really hard for us to accept layoffs after working so many years but better opportunity will knock our door soon. Just believe on yourself and don't look at your past anymore.
Andy has played the smart game. He knows Assistant Managers and TC'S has important role in the branches and he laid off them which will effect the Branch Managers because now BM have to do both jobs until they hire CRC Positions and after hire CRC, ... — read more
We are the one who is bringing sales, revenue, profit for the US Bank and they laid off us. I understand banking is changing and everything is digital but this is absolutely wrong way to eliminate us. Opening new position and not telling us base pay... — read more
As a assistant manager who had been with the company over 16 years I’m scared the new client relationship consultant role won’t pay comparable since I was already at level higher than others in our market. Anyone else received feedback of the highest... — read more
There you go: 8 days ago · U.S. Bancorp is eliminating thousands of branch workers as it adjusts to changing customer preferences, according to a person briefed on the decision. The cuts will be in the low thousands, the person said, asking not... — read more
This doesn't make any sense. Why the big call and layoff scare if they are just changing the position name. Most AM I know will most likely get the new role same pay and same hours. Its just a lateral move. What are we not seeing that is coming down... — read more
Usb takes away your job and then forces you to train others to take your position. How emotionally manipulative can these people be!? I feel disgusted to have to ride out my time as one of their chess pieces until I get my severance. Emotional and... — read more
US Bank CEO want to put all money in his pocket. I wish he face the same thing as Wells Fargo CEO gone through. US Bank CEO only believes in numbers. Forcefully pushing employees to meet their sales goals. I wish him a BAD BAD Luck. He has... — read more
While hard working people at the branches are being ripped off their benefits (shifting them from full time to hourly) to save money, all the SVPs and royalty in HQ are alive and well enjoying their lattes before attending worthless meetings to talk... — read more
Once Richard left and Andy took over the sink began to sink. Under Andy, this company’s business model revolves around everything that happens at Chase. “Customer Obsession”, “Digital Engagement”, “Regional Executive”, “Cluster Leader”, “Community... — read more
Ask yourselves and ask whoever you want when was the last time Cecere and JVG stepped into a branch in southeast Minnesota or mid Wisconsin and talk to the staff. They look at their branches through spreadsheets and profit and loss statements.
3 months afer being let go and taking severance, the project that we were working on TANKED and I was contacted by my former mgr to come back through a contractor to help right the sinking ship. So, I was hired back as a contracted emp, for WAY more... — read more