Topics regarding layoffs at U.S. Bank

Topics regarding layoffs at U.S. Bank

Merit and Incentive

Incentive pool funded at 120% and merit at 4%. Both are significant improvements from years prior. Likely too little too late, especially after last year. Still expect a bloodbath in early March.

Voluntary layoffs

I'm hoping against hope the bank decides to offer voluntary layoffs with decent severance sometime soon. I'd leave on my own but finding a good job at my age with half-decent pay is harder today than it has ever been. I'm just a few years away from... —  read more 

Shall I not join US Bank?

I just came from another fintech layoff and looking at a US Bank position which sounds interesting. From looking at this website, it sounds like the company could be in a similar mess. Is that the consensus here? Is joining a bad idea, are benefits... —  read more 

Promotion, titles

Many say that there’s no real compensation tied to promotion and titles, but I wonder if the promotion helped anyone get a much better job elsewhere? If so, then it is still worth the effort to get a promotion. Just sayin'. I don't like people who... —  read more 

Vaccine Requirements

Prior posts have this former employee wondering: what's U.S. Bank doing for the vaccine requirement debacle? Is there a deadline for current employees to get the covid vaccine? Are they ignoring it and hoping things go away? If memory serves, the... —  read more 

TOSSed SALAD!

The TOSS Management Ingelligencia are up to some of their old tricks! I've heard some older folks are suddenly "Retiring" whether they planned to or not. One that I know personally, can't be reached for comment... I think I can smell NDA... —  read more 

Target groups

Is it true that those who haven’t been here much longer than a year are also just as likely to be targeted for cuts as are older employees with years of experience? That's what I heard from several colleagues.

Class Action Against US Bank

The law firm Izard Kindall & Raabe is investigating whether US Bank is underpaying retirees who are collecting pension benefits. If you left US Bank and began collecting a jo--t and survivor annuity from US Bank in the last 6 years and want to see... —  read more 

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