Thoughts on us merging with either Truist or PNC and becoming a “too big to fail” bank?
Afraid of layoffs
The atmosphere is tense, plenty of rumors about layoffs floating around. I don't think I've ever been more anxious about getting laid off. You? I tried to find a new job but I got discouraged real quick. It's tough times ahead.
Thinking about applying for US Bank
Is this a good company to work for in an IT manager role?
Hopefully we dont go belly up like SVB
Andy really has done a terrible job since Richard left. At least he doesnt do that side profile thing anymore on his "three things from Andy emails". But I still get concerned with some of his woke nonsense and considering we have slid down a... — read more
Only bank to not reduce headcount in mortgage. Got to think it’s coming soon.
Rolling layoffs at union bank have started. All hush hush so as not to spook employees working on conversion efforts. Several business and operations folks received notices today. Party has just started!
Union Bank Bankers
Have you heard of what’s going on with Union Bank bankers, Abms, bssos? What about the employees of closing branches?
Union Bank Leaders Need to be Scrutinized
A blessing would be for the USBank leaders and HR staff to pay attention to the actions and culture of incoming leadership, which is abysmal. Incompetence reigns amongst those who are deciding who should remain and who should be severed. A good... — read more
Work from office
Is US Bank enforcing work from office policy like other major banks? Other banks are tracking ID card swipes when entering buildings and laying off remote workers. Perhaps they will start that after looming Union bank layoffs.
Portland lock boxes leader sucks
The old guy wasn’t the best but at least we saw him and he helped out. Never see the new manager. Must he she don’t have time for us.
The same thing as the 2008 crisis or not?
To the comment that this will be way worse than 2008 - that is utter nonsense. Banks are far better capitalized than they were leading up to the 2008 financial crisis. SVB had a mismatch of asset and liabilities. It is true that most other banks... — read more
Is the severance policy no longer public?
With the constant chatter of layoffs around the corner, I went to the internal site to read up on the current severance policy. It used to be there but can no longer find. Anyone else experiencing the same and shouldn't this information be available... — read more
UnionBank Employees- Leave Now
If you really want to manage your careers , read the tea leaves. As conversion is coming up on folks so are the layoffs. USB only needed folks to get them through conversion because their folks have no clue of what they are doing. . Even now things... — read more
The stock prices aren't looking to good according to what I read. Seems to be trending downward... — read more
Most Admired Bank/ Company?
From Forbes Within the Superregional Banks industry category, U.S. Bank topped the list in seven of the nine key attributes of reputation: People Management, Use of Corporate Assets, Social Responsibility, Quality of Management, Financial Soundness... — read more
Union Bank Employees
The branches that are staying open and converting over to US Bank ... employees of those branches will have a job wit US Bank? Or you think they may lay off those bankers too??
Time go grab some popcorn and watch the US Bank show
Let’s get this party started https://www.occ.gov/topics/charters-and-licensing/weekly-bulletin/2023/wb-02192023-02252023.pdf
Union Bank employees
What’s happening to Division Operation officers, ABM, bsso, bss with all these branch closures??
Was your branch impacted? If yes, have they told you guys where will you go or your managers?
Are people actually going back to the office 3 days a week ?
UPS package notification
I recieved an informed delivery notice from UPS that I have a next day air package coming from US Bank. Feels ominous. Do they typically mail the notifications?
What are your thoughts regarding human resources; have you had to get help with employees related instances?
Job grades in US bank Vs UB
Does anyone know how the job grades at ub transfer to us bank?
Why do some many CRC’s quit? It is a footprint wide problem. Pay, benefits, incompetent BM’/DM’s? I think it’s the latter. There are people in management here that would not last long elsewhere. Let the branch closures begin so we can get rid of the... — read more
“Greedy” Andy selling his US Bancorp stock
Andrew “Greedy Andy” Cecere Sells 84,948 Shares of U.S. Bancorp (NYSE:USB) Stock in a transaction dated Monday, December 12th 2022. Could this be a sign that even he knows that his bloody reign as CEO has run US Bank into the ground?
Over 100 Branches closing
What will happen to the those employees of closed branches? Union Bank and US bank? Will they make all of them all float CRCS??
Did the employees of closing branches received jobs? Or they don't know where theyll be?
Are TOS leaders and Managers Imbeciles?
The more meetings I attend the more and more it is becoming apparent that TOS is run by imbeciles. D the new CIO only cares about your pedigree. Did you come from McKinsey or Harvard? Middle managers have no clue how to build effective teams. HR... — read more
Please don’t get complacent if you get a bonus
My closest friend at the bank for a hefty bonus last March and was laid off in June of last year. Thank god she was already looking and landed fine. After that bonus check hits your account don’t get too comfy, please. Keep your skills sharp and your... — read more
HUB Manager promotions
Seeing an uptick of Branch Mangers announcing that they have been promoted to Hub Managers. Is this a sign that USB will get rid of Branch Managers and have Hub Managers be in charge of multiple branches instead? Money saving move.
NDAs & Severance
Figured people might want to see this regarding NDAs for severance. https://www.cnn.com/2023/02/22/success/severance-agreements-rule-change-from-nlrb/index.html
Branch closed impacted employees
Are all branch closed impacted employees becoming Float CRCs? Until space opens up for them?
US Bank conversion planners, if you’re listening
You better start clarifying future roles to UB employees and showing them what a “day in the life” looks like at at a USB branch, otherwise you’re about to have a ton of bankers who are woefully unprepared to be tellers, and a ton of tellers who are... — read more
2023 raise bonus thread ??
Didn't see one started yet. Maybe morale is too low these days ? grade 15, work in commercial. 16k, 7k lti. 7 prct raise. Total bonuses about 15 prct lower than last year.
Union Bank Leadership bye Felicia
Seibly,Roberts,Hollander and more to come. Regional Presidents are next then Regional Managers. This shouldn't surprise anyone since they spoke about branch reduction about 40%.
Botched Union Bank Merger is cause of all the layoffs
Welsh and his cronies royally screwed the pooch on the Union Bank merger and got deal ho--y which is the root cause of all of the layoffs. The regulators still haven’t approved it and quietly required USB to ensure no branch closures and layoffs as a... — read more
Laptops for UB
Our group was told they would get laptops mid January, has anybody received notice and/or received equipment? Why would they send hardware if people were going to be let go?
UB Branch Closures Announced
May 31st is the end of the road. Displaced UB employees will be moved to existing US Bank branches. You will be notified of your new location assignment only 30 days prior to your branch closure. Those coded as CRC4 and CRC3 will take priority (good... — read more
Float Manager or Engagement managers?
Closing branches BMs are either becoming float or engagement managers? Are these temporary jobs?