Topics regarding layoffs at U.S. Bank

Topics regarding layoffs at U.S. Bank

Laid off just another number

Was laid off yesterday was acquired over from Union Bank. Was never given a defined roll finally after over a year was brought in to a team as a PA only to be laid off less than 4 months. Why did they even bring me over when the severance was a... — read more 

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| 1400 views | | 8 replies (last October 18, 2024)
Post ID: @OP+1v3G6FTW

Reporting USB for Potential WARN Act Violation

"We do the right thing" is not a useless employee handbook value that is only applicable when it is convenient. As senior leadership has not been transparent around layoffs at all, the organization may very well be in violation of the WARN Act. If... — read more 

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| 1520 views | | 9 replies (last November 8, 2024)
Post ID: @OP+1v3t28Iu

Impact Finance

Is impact finance being affected by layoffs, or is it primarily NA?

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| 630 views | | 3 replies (last October 18, 2024)
Post ID: @OP+1v38DIRY

Sorry for all affected

And sorry for those who get to keep the job for now. USB has been going downhill for quite a while. Culture has been steadily deteriorating, and I’m sure that many have felt underappreciated and demoralized for a long time. Leadership will continue... — read more 

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| 990 views | | 3 replies (last October 18, 2024)
Post ID: @OP+1v2C0Ch3

Not one emp is safe

If you think the layoffs have been bad, buckle up. You will see more in waves…. Yes waves so the bank does not have to ‘report the negative news”. They just cram cr-p down your throat , send out these great job atta’ boy messages in hopes emps don’t... — read more 

Mass layoff in Wealth management

So I heard the bank lay off 7,000 people this month? How can this be true and not in the news? What department got hit in Wealth? In August and September, I was receiving emails every other days about lay in WCIB, but most were middle managers and... — read more 

Morale

Morale is gone, the apathy has set in, the energy, enthusiasm and engagement for all things U.S. Bank was lost a long time ago, primarily when the braintrust realized they could not afford Union Bank, but did not have the capability and integrity of... — read more 

Since I joined US Bank I had to deal with

Coworkers taking credit for my work and getting a promotion out of it Managers blaming me when a project they mismanaged goes wrong Leaders without zero leadership skills who never bother to stand up for their people A completely useless HR And... — read more 

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| 1150 views | | 4 replies (last October 19, 2024)
Post ID: @OP+1v2CCRb5

WATCH OUT

Almost No one is safe. Unless you’re in a low paying (cost of living) market. Layoffs continue to happen bank wide if your position can be replaced in another market for cheaper, including over seas. JR “self exit” speech didn’t trigger enough... — read more 

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| 1240 views | | 7 replies (last October 17, 2024)
Post ID: @OP+1v2nyYq9

Layoffs update

Pls share at least which depts are already in the clear. Not all of us are close to the center of events. In any case, godspeed to those affected, and good luck to the rest of us who may still be. I hope the info that all will be over today is... — read more 

CPTS status?

Corporate Payments and Treasury. What’s happening?

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| 940 views | | 2 replies (last October 18, 2024)
Post ID: @OP+1v1PdR5g

Pushed out of role?

Have you experienced been pushed out of your role? What are the signs? I feel like I’m being targeted for to become redundant

by
| 1180 views | | 3 replies (last October 16, 2024)
Post ID: @OP+1v1W4rjv

Rest of Week?

Is tomorrow the big layoff day or are we not safe until we last through the end of the week without getting the ax?

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| 2190 views | | 7 replies (last October 18, 2024)
Post ID: @OP+1v1vRVeA

Remote Offshore

Anyone else notice the large amount of offshore employees that are listed as being remote? So much for those “clean rooms”, huh?

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| 1040 views | | 4 replies (last October 16, 2024)
Post ID: @OP+1v0oW9t1

Rumors about layoffs this week

I’ve been hearing very vague gossip. If someone knows more, pls post. I don’t know what’s worse, to have an announced major round of layoffs or this constant sneaky threat that can be sprang on you any day. Either way, morale is down the toilet and... — read more 

Stealth layoffs continue this week

Mass layoffs across the organization of American workers continues this week. Meanwhile US Bancorp launched 5B in stock buybacks and announced a 2% dividend increase. Resulting in another boost for USB executive compensation. Textbook... — read more 

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| 1510 views | | 3 replies (last October 25, 2024)
Post ID: @OP+1uZcHjwV

Getting Around RTO

What to stop RTO? Here’s how. If you are less than 30 miles from a hub, tell your move champion and manager to move you to a hub more than 30 miles from your home. Rationale to be with the teams, clients outside of your immediate team. Once... — read more 

earnings report and layoff next week

AC promised comments on Wednesday...anyone have any predictions? On layoffs or the quarterly report? With a bad report I could see AC immediately begin swinging the axe...what departments will be in his crosshairs?

by
| 1830 views | | 7 replies (last October 16, 2024)
Post ID: @OP+1uYammPG

Earnings report and layoff next week

AC promised comments on Wednesday...anyone have any predictions? On layoffs or the quarterly report? With a bad report I could see AC immediately begin swinging the axe...what departments will be in his crosshairs?

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| 284 views | | no replies yet
Post ID: @OP+1uYyeJqC

Layoffs started already?

Quite a few people are reporting layoffs in different departments. So sorry for all affected today. Good luck to the rest of us.

by
| 2400 views | | 9 replies (last October 15, 2024)
Post ID: @OP+1uX02td3

Child care issues

I am having a very hard time finding decent day care close by my home for my 6 month old and 3 year old. Will I be able to get some sort of exemption from RTO until I can find something? I told my manager my day care closed but I believe she knows... — read more 

RTO- Dell?

Dell told all sales staff to return to the office five days a week, giving two days' notice. Do we think we will be back in the office 5 days a week soon? I say they announce 5 days in office will be expected by January 1. They have been going about... — read more 

Layoff?

Any idea which specific departments are being impacted next week? Also does anyone know what happens to our pensions if we are laid off (and fully vested)?

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| 2080 views | | 9 replies (last October 13, 2024)
Post ID: @OP+1uV7wAsY

What is your opinion about forming a union?

Maybe we should form a Union? I will be honest I don’t know the in’s and out’s of a union. But maybe that would give the worker’s a better voice and better work conditions. Hold the company more accountable to there work force. Just a thought. — read more 

Reminder about how WARN works

As I have said before the WARN act doesn’t apply unless people are all dismissed at the same site. No one cares if it’s a few dozen people at a few dozen sites. This has been the case for decades now, at most businesses. Companies are pulling their... — read more 

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| 940 views | | no replies yet
Post ID: @OP+1uVg8ze7

Friday or Next Week?

So when are the big layoffs going to happen? Been quiet this week so far. Happening this Friday or not until next week?

RTO Goal Article

You’ll be seeing an article on MyHr soon about how not hitting your RTO goal will affect you annual review. How do I know? I’m on the HR Download Year end Performance Review call.📞

Sorry for whomever gets laid off this coming round

I, personally, can’t wait to be booted. I’ve been here for a long time, and have been wanting to leave for while now. Figured I would also go for a complete career change. I’ve had enough of banking for three lifetimes. I just hope they laid me off... — read more 

Layoffs end of this week and next

Layoffs - Large and wide. It was pushed back because of Yammer post of employee telling all those impacted to contact their local news organization about the constant cuts. Now that has died down expect more cuts.

Merry Early Christmas From US Bank!

I get to commute an extra 120+ miles and 4-6 hours a week to a prison compound in Gresham starting in lovely rainy December! All so I can better collaborate with my team two time zones away! What joy!

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