Did anyone else receive work equipment , i.e laptop , etc just to be then told you are laid off and have to return it? How does that make any sense?
GFCD Layoffs Tempe/Brea
Senior Management leak that several FIU/CIU/QA etc.. folks will be let go soon after performance reviews next week. They will nit pick reasons to bring your score down to justify layoff.
When do you think they will announce abms, bankers, bssos role mapping? What’s happening to branch managers? How about the employees of the branches that are closing??
Has anyone received clarity on their role with USB yet? It’s almost 3 months post LD1 and we still don’t know if we have a job yet.
Division Operation Officers?
Whats happening DOOs? Are they being given temporary jobs???
What's happening to ABM and Bsso?
What do you think will happen to Abm and bsso? Most likely float positions?
Most of us still don’t know if we will keep our positions
It’s been almost three months since legal day one and I think it’s pretty ridiculous that most of us still don’t know if we will still have a job or not!
Float Manager or Engagement managers?
Closing branches BMs are either becoming float or engagement managers? Are these temporary jobs?
UB folks should look outside USB
It is clear at all levels that USB does not want UB talent.Many people had terrible first impressions with the check the box managers at USB . It shows how miserable their managers are and what they would be like to work with. So run as far away and... — read more
US Bank to sc--w UB on bonuses
USB will only payout cash portion of bonus and drop LTI. Loss of over 30% to folks. Time for folks to leave now . US Bank using bonuses as hostage for retention for sticking around to help them with conversion. US Bank has done a big bait and switch... — read more
MUFG Does it Again
Recent announcements of the CIO leaving, Ops Leader fired, and a fan favorite of Gunns taking over Operations. The new Ops leader was asked to step down from her position by the COO of her previous company. MUFG Americas must have one of the weakest... — read more
Don't bother applying for US bank internal jobs
"Union Bank folks - Do not even bother applying for US bank internal job. If you are rejected most likely you are on June layoff list. HR probably does not want to redo severance paperwork so turning you down outright." I'm not sure if this is true... — read more
U.S. Bancorp Completes Acquisition of Union Bank
MINNEAPOLIS--(BUSINESS WIRE)--Dec. 1, 2022-- U.S. Bancorp (NYSE: USB) today announced that it has completed the acquisition of MUFG Union Bank’s core regional banking franchise from Mitsubishi UFJ Financial Group, Inc. (NYSE: MUFG)... — read more
Why are we the only ones to pay the price for this "merger?"
I might be wrong, but it seems to me that the overwhelming majority of those who are being laid off are from our side. We are not low performers, we know what we're doing, but that doesn't seem to matter. I know that's how businesses and corporations... — read more
Conversion off to a disastrous start
Can access anything in the horrible designed US Bank temporary browser. Constantly locked out, multiple hour long calls to their IT to no avail. All they do is blame UB computers and don’t actually help. Can’t enter my time, manager can’t edit my... — read more
Any news on Layoffs ... It's been quiet
Layoffs are not surprising to many of us
Many of us have seen this coming for a long time, everyone else is still drinking the koolaid. Makes zero sense for them to keep our higher paid employees. Makes zero to keep our back office people when they have their own. Makes zero sense for them... — read more
Pay attention and think critically
With US Bank looming, those still drinking the positivity koolaid need to read between the lines and pay attention to the wording of communications about the acquisition. *You won’t have to work Saturdays YET *Everyone has a job FOR NOW *Your work... — read more
Working on leaving
This wait is too much anxiety and stress for me. I know I might be giving up on severance but I don't care. My mental health is more important. I advise others to consider the same thing. It's simply not worth it to wait it out. I've been applying... — read more
Brace for Jan 2023
If you are mapped to USbank, brace for massive RIF's. Coming Jan 2023. The big lie of "you will have a job at USbank" is going to be exposed.
Big Mysterious Meeting for Retail Managers Today
Big, mandatory, in person meeting today for all retail managers. Meanwhile, according to a handful of articles, US Bank is beginning its process to identify “redundant” branches, ie any Union branch that’s within 3 miles of an existing US branch. — read more
OCC has approved acquisition
If everyone heard how the leaders talk about this deal, they can’t run away from Union Bank fast enough. They are so desperate they are willing to take shortcuts and put customers at risk just so the deal goes through. Maybe it’s time for regulators... — read more
What is the outlook for layoffs at this point related to Risk Managment once the merger is complete? There seems to be a lot of doom and gloom posted about the merger and layoffs however Union Bank continues to hire more and more people.
$20hr minimum for branch employees - great for entry level tellers and new hires, a snub to everyone else
It took me a few years and few promotions to make it from $15 to $22. Newbs with zero experience now make more than $22 at the door. While I agree that we all need to be paid a living wage of $20 or more, pay and bonuses for existing employees... — read more
Evan Sekaris/Brian Gunn All Hands
Let’s put 30 seconds on the clock to see who, 1. attended the call, 2. what was your initial take on the tone, and 3. how did you leave that meeting feeling?
Why are they pushing RTO now? We have sky high attrition in my group already. I am designated office based but I intend to keep working from home as I have done successfully for the last 2.5 years. There are plenty of remote jobs at other... — read more
Go read the U.S. Bank threads on this site
If you’ve not been already
They are completely clueless
Someone said so on the US Bank forum and I can't disagree because it seems to me that the US bank has no clue what they are doing in this merger. What do you think?
Vulnerable departments and functions to layoffs after the merger
I have been in the compliance department for about 2 years and reading about massive layoffs coming before and after the merger makes me very nervous. Is compliance considered overhead and therefore vulnerable to layoffs? US Bank already has... — read more
Get your heads out of the sand. It’s over.
While I respect that many of us are trying to stay positive, there comes a point when this positivity is akin to burying your head in the sand. As someone who’s worked for both US Bank and Union, I can assuredly say we’re fu---d. The good times are... — read more
It's all about the shareholders
These type of buyouts always result in many people being let go, it's their big chance to slash costs. Remember- companies owe you nothing, and will send you packing if it means giving shareholders even a penny higher share value. It's all about the... — read more
It's best to get out now!
It is interesting how many of my colleagues intend to wait until the last day. I don’t know why this is so, maybe people in spite of everything still think they won’t be the ones on the layoff list? I would not want to learn from my own mistakes... — read more
Head of HR is useless
Head of HR doesn't care about the Culture or the Values. People are widgets and just counted and made to work. Work Life Balance does not exist and nothing is done to address or acknowledge it.
To Sell or Not to Sell, That's not even the question
Rumors that CEO and MUFG Tokyo is selling the bank. Lots of meetings and missed meetings seem to indicate the rumor is true. A Cease and Desist Order was issued. If this is all cumulating to the decision to sell, well then the outgoing Chief Risk... — read more
End of Road - We're getting sold
https://www.americanbanker.com/articles/mitsubishi-ufj-is-said-to-consider-sale-of-u-s-banking-unit Can't imagine how many of us are getting laid off.
did these layoffs happen?
it is sept 18 and I heard these layoffs happened this week. but I can't find any info about it.
MUFG Union Bank Updates?
Anyone know's what's happening with the potential layoffs?