When do you think branch closures will be announced? Also what do you think will happen to ABMs at Union bank?
A blessing would be for the USBank leaders and HR staff to pay attention to the actions and culture of incoming leadership, which is abysmal. Incompetence reigns amongst those who are deciding who should remain and who should be severed. A good... — read more
Pre-covid as long as your manager was fine, people in our department could be deemed remote. Even the admins could be home based after awhile. I never asked since in office days were never enforced anyway. Now those in hybrid roles are started to... — read more
You better start clarifying future roles to UB employees and showing them what a “day in the life” looks like at at a USB branch, otherwise you’re about to have a ton of bankers who are woefully unprepared to be tellers, and a ton of tellers who are... — read more
It’s a great indication that they need a TON more to do and probably would not be missed if laid off. JFC folks get a life (and a real job!)
The WARN Act requires an employer to notify employees, in writing, 60 days before a layoff, and pay the employee for those 60 days, in addition to any severance the employee may be entitled to. Unfortunately, some employers attempt to circumvent the... — read more
The old guy wasn’t the best but at least we saw him and he helped out. Never see the new manager. Must he she don’t have time for us.
Everyone on this board knows that USB like to lay people off. They somehow manage to keep the hatchet jobs out of the media while other banks’ layoffs are widely broadcasted online and on tv. What are your theories on how they fly under the radar? — read more
Our group was told they would get laptops mid January, has anybody received notice and/or received equipment? Why would they send hardware if people were going to be let go?
TOS has been insulated from massive layoffs for over a decade. But they will get some this round. There are 3 factors: push to cloud and AI - most people were quietly made redundant by 3rd party machine learning and infrastructure-as-code and... — read more
Capital One lays off most of its Agile squads. Guessed they figure out that the consultants were selling crack. Ours is a joke , we are not Agile. We are a hodgepodge of tasks with no strategy. We should abandon this losing proposition and look at... — read more
Any usbank employees ( not union) laid off today?
Just got word that business line reduction mandate from the top to cut staff has been enacted . Seems to be a bank wide directive.
CEO, who used to be President of USBank West coast left. Head of HR left. Not a single leader stayed on with USB. What does it mean for the rest of us? Blood bath???
Are people actually going back to the office 3 days a week ?
More cuts coming this week. I don't understand, why do people think layoffs will continue? 500 people already got their notifications last week - mortgage and HELOC among others - so who else do you think needs to go? US Bank wouldn't have made the... — read more
It's funny how many people seem to think that the merger-related layoffs are only due to redundancies and will continue to be about redundancies. They are laying off people who cost the most and keeping/hiring those who cost less. It's that simple... — read more
This place has completely drained me. Sometimes the very thought of looking for a new job and starting from scratch made me anxious, but now I can't wait to leave. I realized that nothing here is worth this much stress and worry.
https://ir.usbank.com/news-releases/news-release-details/us-bancorp-completes-acquisition-union-bank MINNEAPOLIS--(BUSINESS WIRE)--Dec. 1, 2022-- U.S. Bancorp (NYSE: USB) today announced that it has completed the acquisition of MUFG Union... — read more
Will it be us bank employees turn this week?
Anxiety is through the roof.
I feel terrible when I hear from people who have been laid off that they were previously given big promises, probably to lull them into a false feeling that their job is safe. This is how they try to squeeze employees until the moment they are no... — read more
First of all, best of luck to everyone affected by these layoffs, I'm very sorry. I read somewhere among these posts that those who are kept will end up with the much lower comp. Perhaps I didn't understand this well, so I'm interested in how true it... — read more
Just a reminder, they expect you to give at least a 2 week notice. I wonder how many people do.
Anyone else seeing no luck with internal jobs?
Anyone heard how the bonus and pay raises will be, and when we can expect them ?
Who thinks there will be layoffs the first week in January?
It's like this place is trying to run people off. They tie our hands with the equipment they give us and expect us to do our jobs. Seriously, the day I find a job elsewhere will be the day I leave this place.
I think I will soon have to make a choice between quality of life and pay, because I am totally exhausted here. It is impossible for managers not to know when a deadline is unrealistic. They just don't care. Do they want to drive people away or... — read more
Will there be layoffs this week with so many on vacation ? Or after new year
Giving the option of volunteering would represent huge risks for this company, but for me it would be a good option. I believe that many would love to volunteer to be laid off?
Does anyone know if the US Bank 401k allows mega backdoor roth contributions?
Tell me about the capacity
Some key questions: do I want to stay at USB? If so, in what role? Is there a different role internally that I’d be great at? what happens if I’m laid off? (There have been a few dismissals in the corporate office over the last couple of... — read more
I currently work at BNY Mellon. Our CEO recently announced a change to the 401K plan. Currently our company match (max 7%) is implemented each pay period. Starting in 2023, the match will be paid at the end of the year (actually, three months after... — read more
My morale is zero. There are a lot of rumors circulating about layoffs and I am getting more and more anxious, and as a result, less and less productive. I would like to keep my job here at least until I find a better one but I am especially... — read more
Wish they would just tell us if we are safe thru holidays like BOA did. I’m just nervous to be happy as I’m afraid it’ll happen but I hope not
Now that the MUFG merger is complete, I would expect the mission to close more branches continues and yet another reorg. Especially in formerly known community markets. They paused for a while until USB received regulatory approval but come 2023... — read more
I too would like to be one of those who think there won't be any layoffs so that I can finally relax a little.