Topics regarding layoffs at U.S. Bank

Topics regarding layoffs at U.S. Bank

I’m out of here

Got a job offer making 20% more at another bank with more room to grow. The labor market is still strong right now. You may even find out you’re being underpaid. I will say I will certainly miss some people but unfortunately the bank is going in... — read more 

Bait & Switch Recruitment Process

How many people here were hired under the guise of “Moments that matter”? This is where the recruiter or hiring manager told you that the only time you would be in the office would be for special events. Many of us accepted our job offers under this... — read more 

People freaking out over RTO; Beware!

For those of you who haven’t worked through a recession, one is coming which only means more layoffs. Don’t be over confident that you’ll have an easy time finding another job when you’re handed a pink slip over the RTO policies. Just saying… — read more 

Layoff

Why are they laying off mortgages this month? Won’t we get busy again in spring

Is there anything positive in RTO?

For now, I don't see anything positive in returning to the office, neither for myself, nor for this place, which will have a significant drop in morale, and therefore productivity.

Hey Elfio

I heard you were looking comfy working from home today all the while telling the HR department they’re going back to the office. Hypocrite. You’re an intricate part of the organism. It’s as----e.

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Post ID: @OP+1jqL00ME

Is your team enforcing the RTO policy?

My spineless manager has already told us to be prepared to come in when my team is geographically dispersed all over the country…ugh. Can’t wait to be sitting in a cubicle in Teams meetings all day. Time to dust off the resume…

I'm just going to leave this here

Several studies over the past few months show productivity while working remotely from home is better than working in an office setting. On average, those who work from home spend 10 minutes less a day being unproductive, work one more day a week... — read more 

Out of it

I talked to about 26 people in my department already and none are going to follow this directive of going to the office 3 or even 2 days a week. One person said they might go one day a week. No one is interested or amused by this subject.

Pushing Out The Door

Is it just me or does it seem like they're trying to make things miserable so people leave on their own instead of being laid off?

COVID cesspool in the office

They want us back in the office. I hope they are prepared to deal with people coming in sick with COVID, Flu, cold and spreading it to others because they are forced to be in the office 3 days a week. They are enforcing this but people will be the... — read more 

Mortgage

Is it true mortgage laying off before Nov 1st? What are all these meetings

Will the C-suite be leading by example?

Will they be returning to the office 3 days a week instead of working from their home office in their mansions? I mean they do make 10x what the average worker makes so I’m sure they would mind leading by example.

Where is the fairness in RTO?

There are plenty of people in home based positions that live within driving distance of an office but were lucky enough to get categorized that way. Now HR is not approving requests to be categorized as home based. How does this make sense? Why... — read more 

There’s no reason to stay anymore

I would say one perk of working with US Bank is they were fairly flexible with from home compared to other banks..however the pay is low, the technology is dated, and let’s be real US Bank is considered a dinosaur even compared to other large... — read more 

Back to office by force for hybrid employees

This insane email from AC today literally admitting moments that matter did not work as well as they hoped because people chose to work from home. Well duh, none of us can do this office thing if we have been remote all this time and have perfected... — read more 

Do we think this week

Or next week for layoffs? Probably next week less insurance they have to pay. I doubt they wait until end of year

The end of ag lending in community banking...

https://www.desmoinesregister.com/story/news/crime-and-courts/2022/10/21/iowa-us-bank-vp-sentenced-falsifying-farm-loan-documents-cedar-falls-monona/69580727007/

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Post ID: @OP+1jkv6OWD

Mid level mgmt

I share the opinion with some poster here who wrote that no one would even notice if half of the mid level management was laid off. Agree?

Acquisition

Anyone know with the union bank acquisition, if layoffs of usb employees will occur? Or maybe more positions will be outsourced over seas? Specifically claim/call center areas. Wish I could get a glimpse of the future with the bank.

Roadshow invite

In my town, the Roadshow meetings are happening soon. We got the email invites this week... Most of us. Would you find it suspicious if departments who normally go to the Roadshow, didn't get an invite?

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Elavon Europe cutting jobs

Elavon in Europe going through another round of cuts. Multiple areas in all countries. Just as they took over multiple jobs from the US.

I'm not going anywhere

It feels like the leadership is doing its best to get as many of us to leave as they can. The changes in company culture along with layoffs several times a year seem designed to increase attrition. Well, I'm determined that I'm not going to do them... — read more 

Vegas baby!

Consumer and Business Banking leadership are meeting up in Las Vegas this week. What are Dirty Tim & The Boyz planning?

Layoffs in Portland, OR

Just got word from an acquaintance they were laid off this morning. Reminder to never dedicate yourself to any corporation - it isn’t mutual.

Chicago Market

In the past the Chicago market used to be the crown jewel of US Bank, always on top of all the performance numbers and expanding the company’s market share by acquiring Charter One and Park National. Over the past few years it has kind of fallen flat... — read more 

Be ready for layoffs

We haven't heard anything yet but this is the time when there are usually layoffs, and I doubt this year will be much different. I'd expect something either in the second half of October or in the first half of November. If I'm proven wrong, great... — read more 

All Quiet

All quiet out there?! Or has anyone heard anything about upcoming layoffs? If so provide department.

Fall layoffs

Has anyone else heard of layoffs before October new quarter? Like this week layoffs in mortgage

Time for Greedy Andy Cecere to resign!

Andrew Cecere, you have pocketed millions by putting thousands of Americans out of work. You have presiding over a bank scandal. You have created an unprecedented toxic environment of fear among employees with greed and obsession with outsourcing to... — read more 

Why are they cutting good employees?

No one can convince me that cutting excellent employees is "cutting costs." I would rather say that it is a heavy loss for this place, because it is difficult to attract such people. A significant cut cost would be if they finally started to cut... — read more 

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