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Topics regarding layoffs at U.S. Bank
I received my package today in Thousand Oaks Ca - I was told all sites were affected.
U.S. Bank gave employees below management paygrades a $1000 bonus in January, but then silently had lay-offs in many divisions including Payments. The process is being called a "talent optimization" internally with management and a "separation" with... read more
Retail Payments at US Bank is laying off people after the Division lost $100M in last quarter.
RIFs might happen like right now - as early as next month here in Minneapolis.
I have been being a US Bank employee for almost 4 years now. I have not heard anything about this at all. There is internal communication that is updated daily, and anything like this would have certainly been mentioned in there. I have not heard... read more
I left US Bank last year after I got fed up with reviews that are intentionally untrue to make sure you don't get a pay raise/promoted... Despite having a great sales quota and being praised for my work on daily bases, the review returned as... read more
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... read more
Have just heard about big program reorg within 2LOD qa - all processes are being 'examined and updated to create efficiencies' with some completely being phased out. Supposed to be completed by end of 2017. Were told that it would not result in any... read more
Let's see what the rest of this year brings - or maybe next year - RIFs maybe? Here in Minneapolis.
Has anyone heard what U.S. Bank plans to do in December when the non-exempt salary cap rises to 47K? Will low level managers (like Assistant Branch Managers) be eliminated like Chase or made non-exempt from overtime?
I have never worked as hard as I did last year for US bank and how did they reward me for working so hard to save them millions of dollars. They first gave me an outstanding review which I earned. My manager was praising my great work in the review... read more
I have worked for USbank for 18 years and you never know what they are going to do until they do it. That being said I do believe that they care for there employees and will do everything they can to avoid layoffs. USbank however does need to work on... read more
What is the likelihood of US Bank layoffs in Minneapolis in 2016? Please let me know if you have any information.
As an IT professional getting laid off at US Bank Richfield would be a blessing in disguise. I was effectively fired by US Bank for reporting an ethical issue to US Bank after working for a number of years at the bank. Do not believe all the crap... read more
Seems to be the thing every week. Small. Layoffs to avoid media.
There will always be layoffs at US Bank, that's the nature of the best. 2015 will not be any different as it relates to layoffs, you can rest assured. But we will continue to outsource stuff, we will continue to replace humans with computers and... read more
Just rumors, but all banks are in the same mode, the industry is under pressure
Worked here for 3 years as a Commercial Credit Analyst and then almost 3 years as a Trust Officer. It's a great company and you will be mentored here. I am not aware of any issues with job cuts or downsizing and US Bank will continue to thrive simply... read more