The bank’s leadership decided to eliminate the team of DEI segment leads and will replace them with 3 “consultants”. The bank threw money and resources at DEI while it was cool but caved in and chose money over “the right thing to do”. Yup, it’s... — read more
Rating Leaders
We all get our ratings but how would you rate the leaders in TOS? Maybe AC should see how the rank file view the job the TOS leaders are doing.
2Q2024 TTUS
Predictions?
Everybody is apparently enjoying RTO
Judging from testimonies on our board. If nothing else, it obviously improved morale. I, for one, am exceptionally happy with the arrangement. Since I’m not close to retirement, like some other folks who are already anticipating profound sadness due... — read more
Can someone pls explain to me what’s the point of RTO, again?
I mean the real point. Fighting over the desk every morning in dilapidated offices is not any reasonable person’s idea of a presentable, well organized and efficient workplace. I’m not a 22 yo intern to find this at least somewhat entertaining. By... — read more
Q3 Leadership meeting today
What will AC and the puppets cry about at todays meeting?
What's being done to prevent brain drain?
Are our leaders taking any steps to prevent the exodus of our top talent? This has turned into an alarming brain drain. If things keep going this way, it won't be long before anyone who has stuck around for over two or three years will be considered... — read more
Commercial and Corporate Banking merger
I'm surprised no one has brought this up yet. I don't think any details have come out yet on how the consolidation will go. What I do know is that when Community Bkg folded into Commercial there were numerous layoffs and Community SPMs and Team Leads... — read more
Question about Truist/U.S. Bank merger
I saw some posts on here some weeks ago talking about a possible merger between the banks—that supposedly execs from USB were in Charlotte meeting with Truist HQ? Is this real?
Fargo, Cincinnati and Oshkosh
Fargo, Cincinnati and Oshkosh all received notice of RTO starting September.
Severance and full remote jobs being gone-zo
Can you negotiate this? For instance, I’m G15, there’s a minor, medium and max amount (counted in weeks). Who comes up with what amount you get? Does anyone ever get the max? I’m guessing not. Also, has anyone been brave enough to post on the... — read more
USB 2Q Earnings Call July 17 pre-market open
The earnings call for the investor community is scheduled for 7 AM CDT on July 17. It should be interesting, to say the least. Look for phrases such as "operational efficiencies", "expense reduction/expense management", and as always, pay attention... — read more
Layoffs within Executive Recruitment
Both recruiters and managers have been laid off with the executive recruitment function.
Newest COE training / certification
Did anyone feel concerned about the underlying theme of this years code of ethics training? We’re they really insinuating that we should bring back everyone who was fired for wrongdoing? (This was a scenario that was portrayed in a positive... — read more
RTO FAQs Little Updates
I just checked the RTO FAQs on the intranet and there have been little updates since the roll out. Just a handful of updates in June and July that aren't significant. No updates at all regarding fate of remote employees not near a HUB or client... — read more
offshore development center rumors ?
hearing rumors in the hallway to open a development center in India and plan to layoff hundreds of FTEs. GLTA
USB Intranet Home Page - Stock Missing
I just noticed that the stock information is missing on the intranet home page. Anyone else notice this? Has it been missing for a while? I normally don’t pay attention to it very often but went to check it today.
Has anyone been made to work from home?
I'm in a small team of 8 and we were sent to work from home when previously in office due to making room for other larger departments at the hub. Curious if anyone else has had this happen and if we should be worried?
Alliance team - layoffs incoming?
State Farm deposit accounts don't seem to be doing well - balances are lower on average, and going down. Uncertainty everywhere - leadership changes their mind about five times a week. Layoffs when?
Inspecting Home Offices???
https://www.forbes.com/sites/jackkelly/2024/06/03/banks-brokerage-firms-return-to-office/ One of the reasons for the RTO edict is that new regulations from the Financial Industry Regulatory Authority—a self-regulatory agency—now require the home... — read more
USB technology leading to Amazon toxic culture
All leadership up to Dilip is from Amazon creating toxic culture. No safe environment to work https://amp.theguardian.com/commentisfree/2015/aug/22/amazon-brutal-work-culture
Some of you all need to get a grip
SOOO much bad information here. Look, we have ~70,000 employees. If it's true from another thread that USB is laying off ~11,000 employees in 2024. Based on that number above, that means ~59,000 people are still going to be around. It's not like... — read more
July Layoffs
What layoffs does U.S. Bank have in store for July? Anyone hear of anything?
Even HR is starting to leave. Look up last announcement.
Rohret is leaving. Pushed out or decent human being fleeing the sinking ship?
I was laid off recently
Took my severance, gave banking a long hard look, and decided to completely change industry. Oh boy, and what a good decision it was. Went nonprofit. I’m paid less, but what I get can’t be paid in money. Work is meaningful, colleagues are great, work... — read more
Public Service Announcement
Remember to pay attention to which posts get removed. Those are the ones that management doesn't want you to see. If they are worth the time it takes to send a threatening email, then they be saying something that is worth suppressing.
USBank does not care about their employees
All this best place to work and how much they care about their employees are lies. The leaders are from McKinsey and they use McKinsey as consultants . They even said if anyone wants to know who made the RTO decision, AC said it was him , Elcio, and... — read more
Made it Another Month
As a hated fully remote employee not anywhere near a HUB or client center, I'm here to report I've made it through another month without getting the ax. From what I'm reading on here about US Bank following the Wells model in dumping eventually all... — read more
USBIF layoffs?
Heard that they would layoff in huge numbers here in next five months. Is this correct?
What about Risk?
I’ve heard there is going to be some major layoffs there. Has anyone else heard that? I know that area is very bloated, especially higher grade levels.
Tim Welsh
Just announced will be leaving USB, remaining through July and then serving in advisory position through October.
A ton of shake up with recent announcements
It’s like they are dropping a bo-b after bo-b e very day with all the announcements. Cleaning house?
Head Hunted
I’ve received about 3 messages from a recruiter for US Bank. Keep it brutally honest, I left Wells Fargo when I heard rumors of chainsaw Charlie laying off, and a year later my branch was closed down and not everyone was able to transfer to the... — read more
I don't feel motivated anymore
Layoffs are one thing, but the endless outsourcing and focus on AI makes it REALLY hard to think my role matters anymore or what the future looks like. Anyone else?
What could US Bank do if someone decides not to go to the office.
I am being highly unproductive and wasting 2+ hours in commute daily. RTO seems like a dead end to me and is clearly messing way too much with my mental peace. I am curious what actions US Bank aka North Korea could take if I decide not to go back to... — read more
Fully Remote Not Near a Hub
Anyone hear anything new about those of us in this situation?
Spreading Group
Evidently Corporate and Commercial spreading is moving to India. I guess spreaders in USA are ongoing to oversee their work for a period of time. I think I saw a movie about this. They must be paying them some sort of bonus to stick around while... — read more