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
Topics regarding layoffs at U.S. Bank
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
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
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
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
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
Anyone know what the mandatory conference call on may 21 is all about?
With incompetent management, outdated (mildly put) technology, and lousy training for new employees, among other things, I keep wondering how U.S. Bank even keeps functioning.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
If you work for U.S. Bank you are a fool! Why layoffs after major tax breaks resulting in record after tax profits in 2018? Take your bonus & run. Richard Davis and the good ole days are long gone. The new CEO cares only about numbers NOT people! I... — read more
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
And they are trying to hide it. The media is not reporting.
Under Richard Davis, the Bank was humane. It genuinely cared about its people. Now after a year and a half Cecere is feeling confident enough to flex, and to him, people are just expenses. If he's doing this when times are good, how will he treat... — read more
I’ve left in September on my own – I just felt that the employee is not valued at US Bank – I am sure you can find a good manager here or there but in general they will not value you and the company will hire contractors if possible. This is... — read more
Is anyone willing to share when the next round is...?
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
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?
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
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
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
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
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
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
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
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
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
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
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
Were the interns (aka executive’s kids) let go too?
If the economy turns around, do you anticipate any US Bank Layoffs in 2019?
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
20 years of service ended yesterday.
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.
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
The bank will miss the leadership of Richard Davis. With our new CEO whose a fiance guy who cares more about numbers than the people will make millions in compensation this year focused on improving earnings per share. Unfortunately, he's a wolve &... — read more
RIFs might happen like right now - as early as next month here in Minneapolis.
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
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
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
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
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