Topics regarding layoffs at Union Bank

Topics regarding layoffs at Union Bank

Read the Tea Leaves

Well SD1 is near. If you haven’t been placed in a job by now or been told they want to retain you, you are being laid off. With SD1 in May . June , July, August will be heavy layoffs of UB folks. Take your bonus and run because there is nothing else... — read more 

Sham job postings

Most of the job postings are sham at both organizations (US Bank and MUFG). US Bank has Unrealistic expectations and want everything for low pay and MUFG doesn’t know what they want and keep posting the same job again and again. Both organizations... — read more 

Mapping Update

BSS - Tellers BSSO//SRB1/2//ABM - CRC Levels will be determined in 6 months EOY **Reading between the lines. ABM- I feel for you since there is no need for your job in the USB platform. You are operations role with little to zero sales... — read more 

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| 1191 views | | no replies yet
Post ID: @OP+1lYwitZA

Work equipment

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.

What’s happening?

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??

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 

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| 1310 views | | 1 reply (February 18, 2023)
Post ID: @OP+1lewiVud

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 

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| 1530 views | | 3 replies (last December 5, 2023)
Post ID: @OP+1lcJ7rjo

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 

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| 1722 views | | 2 replies (last February 17, 2023)
Post ID: @OP+1l7x9ylm

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 

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| 1736 views | | 6 replies (last February 15, 2023)
Post ID: @OP+1l4bAdhB

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 

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| 942 views | | no replies yet
Post ID: @OP+1kMzBSVh

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 

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| 2050 views | | 5 replies (last February 6, 2023)
Post ID: @OP+1kjJxmV8

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 

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| 1890 views | | 3 replies (last November 28, 2022)
Post ID: @OP+1jvb3JrL

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 

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| 1490 views | | 1 reply (November 4, 2022)
Post ID: @OP+1jvLkuxu

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 

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| 1211 views | | no replies yet
Post ID: @OP+1jqpy6VI

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.

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| 2173 views | | 9 replies (last November 27, 2022)
Post ID: @OP+1jpjJtg7

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 

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| 1069 views | | 1 reply (October 28, 2022)
Post ID: @OP+1johlolK

Desperate Leaders

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 

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| 1403 views | | 3 replies (last November 3, 2022)
Post ID: @OP+1j031lBw

Layoffs

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.

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| 1435 views | | 6 replies (last October 23, 2022)
Post ID: @OP+1iW9oZed

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?

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| 1310 views | | 3 replies (last October 20, 2022)
Post ID: @OP+1iIuLBBy

RTO

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 

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| 1510 views | | 5 replies (last September 27, 2022)
Post ID: @OP+1ihBGpna

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?

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 

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| 2105 views | | 1 reply (October 22, 2021)
Post ID: @OP+1d9TS92Q

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 

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| 3422 views | | 5 replies (last March 14, 2022)
Post ID: @OP+1cZRCrUv

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.

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| 1560 views | | 1 reply (September 21, 2021)
Post ID: @OP+1cWsj2uD

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 

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| 2202 views | | 1 reply (October 3, 2021)
Post ID: @OP+1cW8W7SS

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