WM and PCG will be hit HARD very shortly, expect either half of all positions gone or the complete elimination of the PCG role. Investment side will be hit but not as hard as customers are causing a meltdown of their phone system with the economy... — read more
Topics regarding layoffs at U.S. Bank
Mandatory Call for Help Desk, Technical Fulfillment, Vendor Compucim, and ITSD Field Groups. Told that positions will be eliminated by August of 2020. Positions are only guranteed until May 2020. Only keeping 20 people from group of... — read more
Anyone has the scoop on the real reason why the latest CIO, Jorge Ortiz was let go, just after hiring him less than a year ago? Chris Higgins retires and an endless, fruitless search inside goes on for six months, end up hiring this guy and then... — read more
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
While there are uncertainty during this tiring time, I do appreciate (and is surprised) that US Bank stepped up and provide a temporarily premium pay to its front line employees. Front line employees are really risking their lives to help customers... — read more
S. Bank is now under a hiring freeze. I'm guessing the next step is layoffs. Any ideas when the employees can expect it?
From my understanding, State Farm agents will be able to open us bank accounts, offer loan products, etc. I don’t understand the direction Andy is heading and I certainly don’t like it. What’s the point in a banker if you are allowing insurance... — read more
They care nothing about their employees nor their customers!!! I get so frustrated as a customer trying to conduct business with them. They are making it more inconvenient for us, the customer. They are trying to lose touch with there customers, the... — read more
Read the Facebook comments. The IT problems are out of the bag now. Will be a problem very soon
Wells Fargo, US Bank, Citi and JP Morgan Chase will defer mortgage payments for three months. State chartered banks and credit unions will offer similar deferrals. The banks also pledged not to initiate foreclosure sales or evictions for the next 60... — read more
Comment in this thread - it'll be the main thread.
Anyone else see Andy Cecere just got a 40% increase on his salary. Must be nice to be on top but leave your employees struggling. What is ethical about anything you are doing?
Accused of the same Crimes as Wells Fargo and not a peep on this board. Bad timing. Going to be brutal with layoffs
This deserves a thread. Two faced management.
Per Investopedia : While it may be understandable that a company would want to concentrate control of the business into the hands of its core leadership, the truth is that buybacks are increasingly utilized as a way to boost executive... — read more
Andy has played the smart game. He knows Assistant Managers and TC'S has important role in the branches and he laid off them which will effect the Branch Managers because now BM have to do both jobs until they hire CRC Positions and after hire CRC, ... — read more
The Assistant Manager position was replaced with the Client Relationship Consultant position. Now they are hiring Business-Banking Development Consultants to work in the branches according to the article in American Banker. Do you think those... — read more
Tell me what's the logic behind attending an in-person meeting while your branch only has 2 FTE. The info shared in the meeting can easily be covered in a quick conference call. They let you scramble for coverage help and deal with it. Upper... — read more
Call me Boomer, I don't care. I don't use mobile because of hacking. I have a secure home computer with firewalls. My husband designs and builds computers for a living. I want to see a person when I deposit a check, not depend on a scanner or picture... — read more
Not even the President of Retail Payments was safe this round.
US Bank repurposed the assistant branch manager role because they no longer have operational, non customer facing duties. If your friends were just hired/promoted they still have their job with a different title. No one was walked out the door-they... — read more
Don't trust HR, they send your severance to payroll over a week late, dont pay you for hours that were worked.
An email stating your not qualified, but yet you have oeforned the same for over twenty years! Curious to know what the age ranges are for all who positions have been eliminated. Sounds like usbank is using corporate restructuring to remove tenured... — read more
If the market makes a turn soon, do you think there will be US Bank Layoffs 2020? Any news or rumors?
I am an Assistant Manager who has been with US Bank over 10 years. I just accepted an offer for the new CRC role last week. I wonder what the new incentive plan or sales goals will look like for 2020. What have you all heard in your markets?
Andy had given us laptop, big screen monitor, branch remodel with private cabin, upgrades teller furniture etc. But customers complaining what is the meaning of this remodel when there is no staff in your branch. All cabins are empty and one... — read more
As a assistant manager who had been with the company over 16 years I’m scared the new client relationship consultant role won’t pay comparable since I was already at level higher than others in our market. Anyone else received feedback of the highest... — read more
Interesting that these new positions that were created mirrir positions that were eliminated and when tenured employees are applying they dont even get the courtesy of an interview but instead , they receive an email stating they are not qualified... — read more
This doesn't make any sense. Why the big call and layoff scare if they are just changing the position name. Most AM I know will most likely get the new role same pay and same hours. Its just a lateral move. What are we not seeing that is coming down... — read more
There you go: 8 days ago · U.S. Bancorp is eliminating thousands of branch workers as it adjusts to changing customer preferences, according to a person briefed on the decision. The cuts will be in the low thousands, the person said, asking not... — read more
Make a mistake and your job will end. ..no write up nothing. Not 1 minute over your given tine..even if you HAVE TO WORK Thru lunch..made to get rid of time by leaving early. No concerns about the older generation. Care nothing about employees... — read more
We are the one who is bringing sales, revenue, profit for the US Bank and they laid off us. I understand banking is changing and everything is digital but this is absolutely wrong way to eliminate us. Opening new position and not telling us base pay... — read more
USBANK OCTOBER 21 2019 POSSIBLE LAYOFF'S ? Anyone have any info
Usb takes away your job and then forces you to train others to take your position. How emotionally manipulative can these people be!? I feel disgusted to have to ride out my time as one of their chess pieces until I get my severance. Emotional and... — read more
Question Us Bank just posted almost a 1,000 positions across the country called a customer relationship consultant and many assistant managers in our area are applying. I have heard there are 4 levels but does anyone know if this will pay... — read more
Once Richard left and Andy took over the sink began to sink. Under Andy, this company’s business model revolves around everything that happens at Chase. “Customer Obsession”, “Digital Engagement”, “Regional Executive”, “Cluster Leader”, “Community... — read more