U.S. Bank Layoffs

Topics regarding layoffs at U.S. Bank

Rumors or predictions?

OK so I am not sure if people here do not comment or share out of plain fear or if apathy has taken over. I am hearing that a huge project manager wipe-out is going to happen right after Q3, similar to the one last year when they flushed all the... —  read more 

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Post ID: @10rp9Vul

Fargo Layoffs Coming

RPA is coming to Fargo by the summer for a lot of fraud roles. Goodbye to needing humans it seems as the last meeting on Thursday presents new innovations to use robotics. How can US Bank just cut people like they are nothing. They hire more roles... —  read more 

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Post ID: @YV5rXlp

New CIO ... surprise, it's an OUTSIDER!!

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 

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Post ID: @ZQweREk

List of US Bank Chicago Branches Closing by 2020

Algonquin (Jun-06); Alsip (Jun-25); Berkeley (May-23); Cary (Jun-13); Chicago (Jewel-Osco) (May-16); Chicago (Jun-27); Chicago (May-15); Cicero (Jun-20); Downers Grove (May-29); Evanston (May-30); Evergreen Park (May-22); Flossmoor (Mar-22); Lyons... —  read more 

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Post ID: @Zq5Qhn8

How many layoffs since 2018 Tax cut?

Is there a count of the number of layoffs that have occurred since the corporate tax cuts of 2018 came in? US Bank didn't care and gave a $1,000 "bonus" to most people and then stabbed then with layoffs. If Biden gets elected, hope they take those... —  read more 

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Post ID: @Zo4WICt

More layoffs at U.S. Bank

In case somebody missed it... I wonder if we'll stop seeing articles like this any time soon. U.S. Bank issues layoffs to undisclosed number of employees... —  read more 

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Post ID: @Y3xQa5L

How does this place even function?

With incompetent management, outdated (mildly put) technology, and lousy training for new employees, among other things, I keep wondering how U.S. Bank even keeps functioning. Not to mention that pay here is really low, well under industry standards... —  read more 

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Post ID: @YLGgOdJ

Fraud and Risk at risk

We were just told that our RCA roles are now at risk for automation as third party vendors are more efficient. They said by Summer to early Fall a lot of the fraud roles could change dramatically. Our manager said I’m being up front as I don’t want... —  read more 

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Post ID: @YeT1MR8

Next round

Is anyone willing to share when the next round is...?

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Post ID: @VTtsDBN

Chicago Layoffs

Quite a few branches were announced to close this past week in the Chicago district, which includes surround suburbs. Overall about 15 branches, or just over 10% of the market, are scheduled to close within the next month. All employees of those... —  read more 

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Post ID: @XJX6UTL

Severance?

Any of the affected people mind sharing the severance info with us? Is it a week or two for each year? And is there a cap? Also, what's the situation with PTO?

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Post ID: @VPjtILD

Interesting view on US Bank

Not sure for how long the presence has been there. It is a combination of arrogance and incompetence. People feel sick when the presence is there. People sigh and roll their eyes when the presence begins speaking. Shannon Levang, you need to leave... —  read more 

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Post ID: @We0riVB

Untruthful reviews

I left US Bank last year after I got fed up with reviews that are intentionally untrue to make sure you don't get a pay raise/promoted... Despite having a great sales quota and being praised for my work on daily bases, the review returned as... —  read more 

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Post ID: @PB6niM9

Laid off after 10 years service

I never expected I would get the news that I got this week. I was called into the office of a senior executive. I knew changes were coming and expected the meeting was to catch the department up on them, not that I was going to be laid off. The... —  read more 

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Post ID: @VO9Hqk6

It Could Take People 1+ Years to Find A New JOB!!!

I know a U.S. Bank employee with 15 years with the bank that was laid off in 2016. It took her over a year to find a new job. If not prepared, even with a severance package, layoffs can cause depression, bankruptcy, foreclosure, divorce & even... —  read more 

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Post ID: @VSK6Gdj

Why all the negativity?

Everyone is “p-ss-d off” when they get laid off. U.S. Bank is a great place to work and employees and customers alike enjoy receiving solutions and working for the bank. Of course, there will be internal problems, there are in all businesses. The new... —  read more 

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Post ID: @VQecvk5

More layoffs

Last week mass laid off at us bank, Minneapolis. Heard from my friend who is Working there. Any chance we can get some more info on this? And while we're at it, have there been any news on more US Bank layoffs any time soon? They seem to be happening... —  read more 

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Post ID: @W8nJIyk

Layoffs are a regular occurrence at U.S. Bank

U.S. Bank has regular layoffs that have been going on consistently for years now. They never make the news, though, since they know to make them small enough to avoid both WARN and bad publicity. The employees know, though. It's become so bad that we... —  read more 

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Post ID: @PAWclqO

Efficiency consultants hired in Mpls/St Paul market

Efficiency consultants have been hired. This was reliably confirmed by an outside source. Let’s use this forum to exchange updates, locations and information for the good of the group. Citi National is hiring locally. JP Morgan is also expanding to... —  read more 

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Post ID: @W2ZBfMJ

TOS Project Services

A number of my former colleagues were let go a few days back. All of them In the TOS project services group. Talk about a hostile world of politics where accomplishments were never celebrated and mistakes were always punished harshly. Incompetent CIO... —  read more 

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Post ID: @W23NiVP

US bank no longer employer of choice

Who wants to work in a place where your job is going to be a Jeopardy after three months, and contractors we'll have a preference over you as a full-time employee? If I ever know anyone who decides to take a job at U.S. Bank, I will make sure to... —  read more 

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Post ID: @W1hG95x

Everybody should be proactively managing their career

Things change. Sometimes you are in control of the change and sometimes you are not. In my opinion, working at the same place for 20 years is way too long..makes your skills stagnant and less competitive. Everyone should be proactively managing their... —  read more 

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Post ID: @VS8effi

US Bank Layoffs 2019

If the economy turns around, do you anticipate any US Bank Layoffs in 2019?

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Post ID: @VTW9pwT

Significant layoffs at U.S. Bank

Layoffs of one percent of workforce might sound low for some companies, but we have around 70,000 employees, which means that a minimum of 700 people are being laid off (and from what I'm hearing, it was even higher than that). I'd say that's... —  read more 

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Post ID: @VN5zTfq

No Loyalty

20 years of service ended yesterday.

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Post ID: @VOLtWoJ

Very unstable environment to work with

Less pay, loads of work n unexpected lay offs. No proper reasoning for lay offs. Contractors are retained n full timers are kicked out. It’s such strange horror to go through.

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Post ID: @VObTUbz

Layoffs Right Before the Holidays!

I wonder how my daughter's Christmas will never be the same. But oh, U.S. Bank post record profits in Q2. Is that fair? https://www.zacks.com/stock/news/319498/us-banks-earn-record-profit-in-q2-5-topranked-picks —  read more 

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Post ID: @VQdAXql

US Bank Layoffs 2018

RIFs might happen like right now - as early as next month here in Minneapolis.

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Post ID: @PL9RfIo

Are we sure layoffs are done?

I've been awake for most of the night, worrying and stressing over a possibility of more layoffs once I go in today. I can only imagine how traumatic this whole experience was for the poor people who lost their jobs unexpectedly. Does anybody know if... —  read more 

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Post ID: @VPdRauu

Many more layoffs to go

As many of my colleagues have been told by email and a brief surprise meeting of their layoff I know this is only a tip of the iceberg. The news love to share how many jobs we created this year but a majority being temporary placement and or service... —  read more 

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Post ID: @VP4gVY0

If I could turn back time...

When I started at US Bank I thought it was a great company to work for. But once I learned about all the internal fraud that was going on it put me on edge. Four years later after climbing the coroprate ladder. They laid everyone off with out... —  read more 

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Post ID: @VNsh7Js

2 years with US Bank

I was with the Bank 2 years and got laid off 3 times along with many other people! WOW very unstable place to work! —  read more 

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Post ID: @VO0Rnry

U.S. Bank continues with silent layoffs in 2018

U.S. Bank gave employees below management paygrades a $1000 bonus in January, but then silently had lay-offs in many divisions including Payments. The process is being called a "talent optimization" internally with management and a "separation" with... —  read more 

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Post ID: @RCHhaS3

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