https://www.thelayoff.com/t/1hW2SBSq
Is US Bank Just As Bad As Wells Fargo?
Fake Accounts at US Bank? To meet sales goals? Come on... https://www.washingtonpost.com/business/govt-us-bank-workers-opened-fake-accounts-for-sales-goals/2022/07/28/a84c16c2-0e85-11ed-88e8-c58dc3dbaee2_story.html if you get a paywall propmt use... — read more
The payouts on the grandfathered pension program
I'm very happy that I recently left but I've worked here for a long time and I can't be indifferent when I hear what's happening now. Several people here mentioned that the bank is trying to impact the payouts on the grandfathered pension... — read more
Another day, another consent order! CFPB Fines U.S. Bank $37.5 Million for Illegally Exploiting Personal Data to Open Sham Accounts for Unsuspec
CFPB Fines U.S. Bank $37.5 Million for Illegally Exploiting Personal Data to Open Sham Accounts for Unsuspecting Customers JUL 28, 2022 WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) took action against U.S. Bank for... — read more
Severance Agreement Access
For those like me affected by layoffs: If you don’t receive an email with your Workday home access link the day after your job elimination date, call to get it re-sent so you can sign your severance agreement. They claimed to have emailed it but I... — read more
Before somebody inevitably asks
Yes, there'll be more layoffs this week.
Elavon Appears to Getting Spinned Off in EU
Elavon is already a good brand in Europe. Writing on the wall look like American Elavon is going to quietly fold into US Bank Payments with US Bank leadership
Everyone here should email Anne.Walker@Ethisphere.com to let her know about ethics regarding employees at U.S. Bank.
For the eighth consecutive year, U.S. Bank has been named one of the World’s Most Ethical Companies by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices. “Our employees have gone above... — read more
Is there one person working at US Bank who is not looking to leave?
With the constant layoffs on top of everything else, everybody I talk to says the same thing: I'm only here until I can find something better. That's it. Literally, not one person I asked said they were not looking. What does that tell you about the... — read more
Payments: The Real Problem
Payment services problems are not in middle management, they reside solely with payments leadership, the business is not growing, it is not expanding, the payment services division is not being run by payments people, U.S. Bank continues to report... — read more
RIF Elavon
big RIF at Elavon, Boarding is going to be done in Poland. 187 between Knoxville & Denver
Collections
Has anyone else in collections got Laid off recently?
Actual numbers
Does anybody know any actual numbers of how many have been laid off the past month at USB and Elavon?
Could have ask for voluntary separation
Don’t understand why people had to be targeted and thrown out during the Great Resignation - would had plenty of people sign up for voluntary separation
Large Layoffs are Happening in Multiple Orgs at U.S. Bank Today (July 20th 2022)
Post updates in this thread.
Layoffs in Kate Whittington’s org
They are happening today.
Fraud/Risk Areas
Anyone know if layoffs in the fraud/risk area are coming?
I changed my mind about quitting
I was determined to quit ASAP but the constant layoffs have changed my mind. Why would I leave when severance is an option? I can't think of one reason why anymore. I'm planning to do only what I have to (no more going the extra mile, no more... — read more
Business Banking
All business development consultants let go in the twin cities. Likely more to come
Mid-management jobs cut
Seems like several departments were notified of management positions being by terminated yesterday. Anyone know the total number of jobs cut?
Ok so… time for plan B everyone
Let’s recap what everyone needs to do: resume update LinkedIn profile update and network there! if you’re laid off, some may choose to use the green “open to work” thing on LinkedIn after severance period ends. take stock of spending/... — read more
When will some of you realize there is no more being safe here?
There's no relaxing. There's no end to worrying. There's no end to stressing. Layoffs are the new normal. Layoffs will be happening indefinitely. It's as simple as that. I've said this before and I'll keep saying it. You're not safe. Don't act like... — read more
Brain drain
Lots of good people leaving before they get laid off. Lots.
It's been a few weeks without more cuts
Does this mean we can relax?
How long is the notice period
As the title states, is there a defined or standard notice period?
Payment services/Elavon
Please reply if anyone knows if this part of US Bank has been affected, or rumors of any upcoming layoffs?
We've lost so much talent
We've lost too many capable and experienced people to layoffs and I can't figure out why the leadership would think that's a good idea. We already feel their absence and it's only going to get worse in the future. Layoffs are supposed to rid the... — read more
I'm worried about being cut
I'm worried every time I hear anything about layoffs, and I guess that's why I'm surprised by how many people here write that they'd like to be laid off. Is it possible that people are so indifferent to losing their jobs here? Isn't it better to... — read more
The poor communications isn’t the answer
Lots of people willingly leaving these days, too. Are you seeing a thing where there’s no official announcement? Like ya gotta figure it out for yourself? Or you see a LinkedIn update?
BBS
Does anyone see the BBS position going away? Kind of a middle line job with the bankers being able to do the same loans as the BBS and most BBS's are not trained to work commercial loans... Just really makes me question why that position is at US... — read more
Look for jobs at medium and smaller banks
Things that improved for me since I left for a significantly smaller bank: salary, bonus, title, and company culture. The only thing that could use some improvements are benefits, but when you compare it to everything else, it's well worth the... — read more
I'm still struggling with being laid off
I'm 49 and I've spent more than a decade at US Bank. I'm still having trouble accepting how easy it was for them to get rid of me. It's not the job search that's the issue, I already managed to land a few interviews. It's realizing how unimportant I... — read more
Is/will there be a non-compete clause in the severance agreement?
Any ideas? My last day is 7/22 so won't see the severance agreement until then.
Layoff time
So a group got their walking papers and last day is July 22nd. If you came from Citi mortgage then your safer than a long time us bank employee. This management group ran Citi into the ground then came here with their stupid ideas and it’s going to... — read more
Be ready for next week
Just sayin. Next week will be another round, don’t tell me I did warn ya. Another massive round is already in the works and will be announced mid September
Just don't trust them!
I see that others also write about cases where managers tell individual employees that they are safe. I was told the same thing, but I don't believe at all in most of what the managers say here! I can only imagine how it feels for someone who was... — read more
You shouldn't consider yourself safe
At this point, nobody is safe at US Bank. Layoffs are not done. There'll be more, the only question is when. Also, there's no rhyme or reason for these layoffs. People who've been here for decades have been laid off and those who've been here for a... — read more
Take control of what you can do
Folks - I get that people are worried. It sucks. I feel it too. However, let’s all stop waiting for the hammer to fall and take matters into our own hands. If you haven’t updated your resume, do it now. Make sure your LinkedIn profile is also up to... — read more
LGTBQ+ support a diversionary tactic?
I have noticed that at the same time they are laying off loyal employees left and right, US Bank is getting strong kudos on LinkedIn and other social media for its support for LGTBQ+ support. It's just odd to me that at this time they are getting... — read more