U.S. Bank Layoffs

Topics regarding layoffs at U.S. Bank

Eau Claire (43 Jobs Lost)

https://www.weau.com/content/news/43-workers-to-be-laid-off-from-Eau-Claire-US-Bank-512547512.html

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Post ID: @ZZh1K2S

CIO cleanup coming?

Number of rumors out there regarding realignment / cleanup / purge in the entire IT / TOS organization. Wondering if JVG will allow the new CIO to remove the poisoned souls?

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| 155 views | |
Post ID: @ZYUcD4X

New CIO ... surprise, it's an OUTSIDER!!

Are you surprised that the CIO replacing Chris Higgins (and now the interim one) was brought from BBVA in Texas? The amount of politics and backstabbing practices is so well implanted in USB, that this was inevitable! Nobody trusts anyone. The... —  read more 

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| 402 views | |
Post ID: @ZQweREk

List of US Bank Chicago Branches Closing by 2020

Algonquin (Jun-06); Alsip (Jun-25); Berkeley (May-23); Cary (Jun-13); Chicago (Jewel-Osco) (May-16); Chicago (Jun-27); Chicago (May-15); Cicero (Jun-20); Downers Grove (May-29); Evanston (May-30); Evergreen Park (May-22); Flossmoor (Mar-22); Lyons... —  read more 

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| 440 views | |
Post ID: @Zq5Qhn8

How many layoffs since 2018 Tax cut?

Is there a count of the number of layoffs that have occurred since the corporate tax cuts of 2018 came in? US Bank didn't care and gave a $1,000 "bonus" to most people and then stabbed then with layoffs. If Biden gets elected, hope they take those... —  read more 

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| 445 views | |
Post ID: @Zo4WICt

Fargo Layoffs Coming

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 

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| 727 views | |
Post ID: @YV5rXlp

How does this place even function?

With incompetent management, outdated (mildly put) technology, and lousy training for new employees, among other things, I keep wondering how U.S. Bank even keeps functioning.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 

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| 717 views | |
Post ID: @YLGgOdJ

New Chief Digital Officer = layoffs

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. —  read more 

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| 368 views | |
Post ID: @YBmSDjZ

Health Benefits after SUB Plan

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 

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| 350 views | |
Post ID: @YmY7XQK

September - biggest layoff wave - be warned

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 

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| 962 views | |
Post ID: @YjWbKFb

Fraud and Risk at risk

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 

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| 869 views | |
Post ID: @YeT1MR8

More layoffs at U.S. Bank

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 

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| 1069 views | |
Post ID: @Y3xQa5L

Chicago Layoffs

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 

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| 803 views | |
Post ID: @XJX6UTL

U.S. Bank layoffs in Wisconsin

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 

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| 717 views | |
Post ID: @XuamWph

More Coming

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 

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| 860 views | |
Post ID: @XsnEP5h

Interesting view on US Bank

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 

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| 1423 views | |
Post ID: @We0riVB

More layoffs? Please advise

I hear it is not over and that January 2019 will bring more layoffs across the board. Someone with insight?

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| 589 views | |
Post ID: @WdGdx3I

More layoffs

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 

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| 1159 views | |
Post ID: @W8nJIyk

RPA

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!

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| 536 views | |
Post ID: @W6tjSs8

TOS Project Services

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 

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| 949 views | |
Post ID: @W23NiVP

Efficiency consultants hired in Mpls/St Paul market

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 

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| 779 views | |
Post ID: @W2ZBfMJ

US bank no longer employer of choice

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 

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| 986 views | |
Post ID: @W1hG95x

Waste of money to layoff and hire

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 

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| 621 views | |
Post ID: @W1wJnUw

DevOps "leader" gone!

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 

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| 531 views | |
Post ID: @W1r8COX

US Bank Layoffs 2019

If the economy turns around, do you anticipate any US Bank Layoffs in 2019?

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Post ID: @VTW9pwT

Next round

Is anyone willing to share when the next round is...?

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| 621 views | |
Post ID: @VTtsDBN

Everybody should be proactively managing their career

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 

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| 897 views | |
Post ID: @VS8effi

What was the reasoning?

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 

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| 953 views | |
Post ID: @VSfC9pz

It Could Take People 1+ Years to Find A New JOB!!!

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 

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| 817 views | |
Post ID: @VSK6Gdj

US Bank stadium

Anything to do with the Billion dollar stadium they built themselves?

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| 371 views | |
Post ID: @VQavPCt

Blaming the media

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 

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| 759 views | |
Post ID: @VQ69GWq

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