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
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
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.
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
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
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.
Anyone know's what's happening with the potential layoffs?
it is sept 18 and I heard these layoffs happened this week. but I can't find any info about it.
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
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?