Nobody can confirm or deny the existence of a "mandatory" conference call today. Any insight?
Topics regarding layoffs at U.S. Bank
RPA is coming to Fargo by the summer for a lot of fraud roles. Goodbye to needing humans it seems as the last meeting on Thursday presents new innovations to use robotics. How can US Bank just cut people like they are nothing. They hire more roles... read more
Anyone know what the mandatory conference call on may 21 is all about?
With incompetent management, outdated (mildly put) technology, and lousy training for new employees, among other things, I keep wondering how U.S. Bank even keeps functioning. Not to mention that pay here is really low, well under industry standards... read more
Scoop came out - https://www.americanbanker.com/news/us-bank-hires-its-first-chief-digital-officer The so-called digital transformation is way to put lipstick on the pig on the bank's mainframe and evaluate people needs to put pressure on capacity.
Hello, Does anyone knows, what are the options do we have for Health Benefits after SUB Plans in following conditions, which are cheaper. 1>If we find the Job, Salary will stop coming from BNY, do we have any option for continuation Health Benefits ?... read more
Corporate coming up with dramatic reductions beginning September as the Robotics Process Automation initiative begins picking up jobs in multiple back-office departments. Unsure if IT, customer service or underwriting (or all). Minneapolis, Wisconsin... read more
We were just told that our RCA roles are now at risk for automation as third party vendors are more efficient. They said by Summer to early Fall a lot of the fraud roles could change dramatically. Our manager said I’m being up front as I don’t want... read more
In case somebody missed it... I wonder if we'll stop seeing articles like this any time soon. U.S. Bank issues layoffs to undisclosed number of employees... read more
And they are trying to hide it. The media is not reporting.
If you work for U.S. Bank you are a fool! Why layoffs after major tax breaks resulting in record after tax profits in 2018? Take your bonus & run. Richard Davis and the good ole days are long gone. The new CEO cares only about numbers NOT people! I... read more
Quite a few branches were announced to close this past week in the Chicago district, which includes surround suburbs. Overall about 15 branches, or just over 10% of the market, are scheduled to close within the next month. All employees of those... read more
15 layoffs in Portland Metro Market. All tenure employees.
Other poster called it, even more layoffs have been announced by the bank. This time it's "only" 40 in Wisconsin, but something tells me more of these announcements will be forthcoming... read more
After shutting down 2 of our processing centers and rerouting workflow from the west coast back to Minnesota in November, Home Mortgage Closing in the west has lost 2/3 of their overall volume. Leadership leaving annual reviews to the last possible... read more
Under Richard Davis, the Bank was humane. It genuinely cared about its people. Now after a year and a half Cecere is feeling confident enough to flex, and to him, people are just expenses. If he's doing this when times are good, how will he treat... read more
Not sure for how long the presence has been there. It is a combination of arrogance and incompetence. People feel sick when the presence is there. People sigh and roll their eyes when the presence begins speaking. Shannon Levang, you need to leave... read more
I hear it is not over and that January 2019 will bring more layoffs across the board. Someone with insight?
Last week mass laid off at us bank, Minneapolis. Heard from my friend who is Working there. Any chance we can get some more info on this? And while we're at it, have there been any news on more US Bank layoffs any time soon? They seem to be happening... read more
Ask about the Robotics Process Automation (RPA)initiative. Everything from underwriting to loan decisions at the branch and other processes will be streamlined and automated. THOUSANDS will go need to find another job. Future is here people!
A number of my former colleagues were let go a few days back. All of them In the TOS project services group. Talk about a hostile world of politics where accomplishments were never celebrated and mistakes were always punished harshly. Incompetent CIO... read more
Efficiency consultants have been hired. This was reliably confirmed by an outside source. Let’s use this forum to exchange updates, locations and information for the good of the group. Citi National is hiring locally. JP Morgan is also expanding to... read more
Who wants to work in a place where your job is going to be a Jeopardy after three months, and contractors we'll have a preference over you as a full-time employee? If I ever know anyone who decides to take a job at U.S. Bank, I will make sure to... read more
Layoff 700 people and have 300 positions open. In the interest of saving time and money, could this people put two and two together and maybe offer some training to keep some of these people instead of laying off? Who is the Mr Wizard who plans all... read more
They hired a "devops leader" about 2 years ago, fat salary, fat bonus, only walked to meeting rooms to give the SAME presentation for a year. No results. Same this year. Finally let him go. Why do these people keep hiring dead weights who cannot... read more
If the economy turns around, do you anticipate any US Bank Layoffs in 2019?
Is anyone willing to share when the next round is...?
Things change. Sometimes you are in control of the change and sometimes you are not. In my opinion, working at the same place for 20 years is way too long..makes your skills stagnant and less competitive. Everyone should be proactively managing their... read more
Can anybody tell me what was the reasoning behind laying off some of our best people? How is that going to help US Bank short and especially long term? I'm not sure who made the decision on who will be laid off, but it certainly wasn't anybody who... read more
I know a U.S. Bank employee with 15 years with the bank that was laid off in 2016. It took her over a year to find a new job. If not prepared, even with a severance package, layoffs can cause depression, bankruptcy, foreclosure, divorce & even... read more
Were the interns (aka executive’s kids) let go too?
Anything to do with the Billion dollar stadium they built themselves?
We received a short email 2 days after the layoffs from a senior manager which blamed the media for all the speculation. It did nothing to reassure us or address our former colleagues and friends. It was clearly not the plan to share the news, it was... read more
I wonder how my daughter's Christmas will never be the same. But oh, U.S. Bank post record profits in Q2. Is that fair? https://www.zacks.com/stock/news/319498/us-banks-earn-record-profit-in-q2-5-topranked-picks
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... read more
The bank will miss the leadership of Richard Davis. With our new CEO whose a fiance guy who cares more about numbers than the people will make millions in compensation this year focused on improving earnings per share. Unfortunately, he's a wolve &... read more
Any of the affected people mind sharing the severance info with us? Is it a week or two for each year? And is there a cap? Also, what's the situation with PTO?
I've been awake for most of the night, worrying and stressing over a possibility of more layoffs once I go in today. I can only imagine how traumatic this whole experience was for the poor people who lost their jobs unexpectedly. Does anybody know if... read more
As many of my colleagues have been told by email and a brief surprise meeting of their layoff I know this is only a tip of the iceberg. The news love to share how many jobs we created this year but a majority being temporary placement and or service... read more
I worked in Sr Management for two years at US Bank. And, was let go suddenly as part of a consolidation/reorganization. It happens, and I’m not bitter. There is intense pressure on banks to continually deliver better and better financial results... read more