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
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
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
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, 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
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.
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
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
If you’ve not been already
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?
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
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
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 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 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.
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
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.
it is sept 18 and I heard these layoffs happened this week. but I can't find any info about it.
Anyone know's what's happening with the potential layoffs?
There was a lot of buzz regarding potential Brokerage layoffs at Union Bank? Has any of this materialized and if yes, how many folks at Union Bank got affected with this layoff action. Also, I know that you are laying off less than other banks and... — read more