https://www.washingtonpost.com/business/2023/06/07/mckinsey-svb-bank-collapse/

https://www.linkedin.com/pulse/need-ethics-cred-buy-trophy-ethisphere-alyeska-prsa-west-mprca

The article by T. Welsh is just plain BS. The only people US Bank kept were the tellers and customer facing. The other thousands of employees were told to basically go pound sand and very few were given an opportunity to interview for roles. It is a... — read more 

How does US Bank still hire from or listen to McKinsey? After they’re playing both sides of the opi--d crisis even with the same exact consultants working for Purdue and working for the FDA at the same time, helping to perfect the sale of opi--d to... — read more 

If you've come over from Union Bank and have now received notice of your new compensation and new title, does this mean you're safe for awhile from being laid off? Does it buy you at least 6 months? Any HR anons input in this?

This happens often there and they have the weakest parachute packages in the industry. The past few years layoffs were expected to make room for Union Banc employees but they have laid off many of them also. New mid and senior leaders should bring... — read more 

We received a retention bonus agreement, however I don’t believe we will work till the end of the retention period. Anyway other locations was offered this bonus?

Anyone else noticing that the over 45 crowd is hit harder with these layoffs?

How does this week look on layoffs?

https://finance.yahoo.com/news/the-new-strategy-for-us-banks-shrink-130002506.html

I was informed this week that I will no longer have a job in the next month and half. Yippee! Send me away with a smile, please! I'm ready for a change.

With the new CMO, does anyone know if layoffs are planned?

TOS layoffs in October-November... and Surprise! The ones belonging to the club will not be touched. Mortgage, WM, Digital... watch for elderly employees with a high(er) pension outlook. The well has been poisoned at TOS and the entire organization... — read more 

Any news about layoff this month? Usually, companies like to lay people off right before earnings report, so I would expect to hear some layoff or re org news Anyone hear any updates?

It is just rumors but figured I would pass along. Heard BM cuts will start week of 16th or week of 23rd. Trying to finalize what to do.

Typically they don't do layoffs in the month after a quarter-end. Maybe on the sales side. But not in operations, credit, accounting, reporting, TOS, usually there is lots of work being done and a sudden layoff would mess things up. That is why... — read more 

I haven't had much luck in my job search so far and I believe that layoffs here are imminent.

Hold spending on big-ticket items

I was laid off last year in the summer during the CBB reorg. I was a top performer for years and have an impressive resume. Since then, I’ve gone through interviews for four roles, making it to the final stage, but I’m not selected for every single... — read more 

What are you all hearing about a hiring freeze in retail? Are you being allowed to make job offers? There are mixed messages out there. Timmy and Sekou can’t make up their minds and give a simple concise directive.

USB is having issues with capital. They had to raise $3B due to capital ratio tightening. They owe MUFG $3.4 B in addition to the original price tag to acquire UnionBank. MUFG took a bigger stake of ownership in USB. The savings bill for... — read more 

During the acquisition a lot of branches were closed and some Branch managers became Market Engagement Managers and Float Managers since there was no branch for them to be placed. Will they really keep these jobs? Or were they notified how long they... — read more 

Stayed tuned low performers…… Thank you for all that you do! Which is very little.

I was recently laid off from UB/USB. My termination date just recently passed. Now how long will it take them to deliver my severence check?

It is very apparent that US Bank have zero interest in promoting Union Bank people. Watching Union Bank people promoting and US Bank hire managers have been non responsive or superficial interest in even consideration. Strong feeling the rumblings of... — read more 

Well Truist is going down the 🚽 with their reorg and impending layoffs. Our execs have been spending an awful lot of time in Charlotte lately. Are we going to buy up parts of Truist’s business, some of their real estate holdings, aquire Truist or... — read more 

https://edd.ca.gov/en/unemployment/filing_a_claim

For those who received a retention bonus letter prior to LD1, anyone hear when the bonus is going to be paid?

The site continues to be a $h!t show run by a heartless puppet. It’s only going to get worse. Is KM going to fix it or let his precious reputation be tarnished?

Every month, I learn that one or two people I know who worked for a long time were let go. Talking to others, they know one or two people they knew were also let go. Is anyone else seeing this pattern?

One of the reasons I left my previous job for U.S. Bank was i was told they kept everyone in the Great Recession of 2008. Knowing the volatility of the auto industry I made the incorrect assumption I was headed to a more stable environment. Wrong! — read more 

What is everyone’s current situation with RTO? Are your managers enforcing you to be back in the office? How often do you need to come in?

https://www.americanbanker.com/news/u-s-bancorps-ceo-other-top-officials-sued-over-unauthorized-accounts

I was reading that Moody placed US Bank on review for downgrade. What does this mean and should something like this be concerning for employees?

My question is why try to have a strong performance at all? Is strong performance generally valued enough here? What do you think?