Commercial Banking, Corporate Banking, Lending Services, Default Collections/Litigation 50 all positions levels in Commercial and Corporate Banking. 20 all position levels in Lending Services. They are combining Corporate and Commercial Banking. At... — read more 

Anyone else noticing certain comments or threads are being deleted?

When are they going to announce the new Charlotte office ( not the current rented space) and Charlotte area remote employees being designated as hybrid (at best)?

Terrible medical benefits compared to legacy Union bank . It’s like taking a paycut AGAIN . Lower base salary, lower pension contributions and cheap medical plan. Plus Misleading employee banking benefits. Why on earth would I want to stay with a... — read more 

Post any information about potential or actual US Bank layoffs? Any chatter, news or rumors?

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today ordered U.S. Bank to pay nearly $21 million for keeping out-of-work consumers from accessing unemployment benefits at the height of the COVID-19 pandemic. U.S. Bank froze tens... — read more 

I just got an email today indicating all heritage Union Bank employees are now under US Bank's severance plan effective 12/2/2023. I went to the plan and it's worse than I thought. Basically under the Union Bank plan, I would get 9 to 9 1/2 months... — read more 

Any information on bonuses and raises this year? Will they keep up with inflation or just deflate our expectations ?

When will the official HUB locations be announced? Anyone have an inside scoop?

My calendar is filling fast, but if someone needs to call an emergency meeting, I can possibly squeeze you in. Everyday I have the normal 08:00, followed by a 09:00, followed by a 10:00, and finally an 11:00. Lunch is from noon to 1 and I have a... — read more 

Looks like major corporations are headed for some trouble with their hiring practices. You think us bank is doing this too? https://news.bloomberglaw.com/daily-labor-report/ibm-diversity-efforts-targeted-by-stephen-millers-legal-group

I know people are divided about the topic but heard a few days ago that there’s a big push for RTO next year. Anyone with the designation of hybrid will be asked to come 3 days a week. This isn’t a rumor anymore and a definite thing. I personally... — read more 

Should be an interesting week for us heritage Union Bank employees. Posters down below have implied that the bulk of heritage Union Bank employees will be laid off by this date. We shall see.

Layoff appears to be happening quietly this week. I have just received notification of being laid off.

I hear US Bank is layoff 45% in their Auto division

Hi, interviewing for some corporate positions with US Bank in uptown Charlotte location. Just wondering what the workplace culture is like. I'd be coming over from a nearby competitor, so not sure if the grass is greener at US Bank, or if it's more... — read more 

https://finance.yahoo.com/news/xcel-energy-elects-timothy-welsh-182700790.html

https://www.washingtonpost.com/business/2023/06/07/mckinsey-svb-bank-collapse/

https://www.linkedin.com/pulse/need-ethics-cred-buy-trophy-ethisphere-alyeska-prsa-west-mprca

The article by T. Welsh is just plain BS. The only people US Bank kept were the tellers and customer facing. The other thousands of employees were told to basically go pound sand and very few were given an opportunity to interview for roles. It is a... — read more 

How does US Bank still hire from or listen to McKinsey? After they’re playing both sides of the opi--d crisis even with the same exact consultants working for Purdue and working for the FDA at the same time, helping to perfect the sale of opi--d to... — read more 

If you've come over from Union Bank and have now received notice of your new compensation and new title, does this mean you're safe for awhile from being laid off? Does it buy you at least 6 months? Any HR anons input in this?

This happens often there and they have the weakest parachute packages in the industry. The past few years layoffs were expected to make room for Union Banc employees but they have laid off many of them also. New mid and senior leaders should bring... — read more 

We received a retention bonus agreement, however I don’t believe we will work till the end of the retention period. Anyway other locations was offered this bonus?

Anyone else noticing that the over 45 crowd is hit harder with these layoffs?

How does this week look on layoffs?

https://finance.yahoo.com/news/the-new-strategy-for-us-banks-shrink-130002506.html

I was informed this week that I will no longer have a job in the next month and half. Yippee! Send me away with a smile, please! I'm ready for a change.

With the new CMO, does anyone know if layoffs are planned?

TOS layoffs in October-November... and Surprise! The ones belonging to the club will not be touched. Mortgage, WM, Digital... watch for elderly employees with a high(er) pension outlook. The well has been poisoned at TOS and the entire organization... — read more 

Any news about layoff this month? Usually, companies like to lay people off right before earnings report, so I would expect to hear some layoff or re org news Anyone hear any updates?

It is just rumors but figured I would pass along. Heard BM cuts will start week of 16th or week of 23rd. Trying to finalize what to do.

Typically they don't do layoffs in the month after a quarter-end. Maybe on the sales side. But not in operations, credit, accounting, reporting, TOS, usually there is lots of work being done and a sudden layoff would mess things up. That is why... — read more 

I haven't had much luck in my job search so far and I believe that layoffs here are imminent.

Hold spending on big-ticket items

I was laid off last year in the summer during the CBB reorg. I was a top performer for years and have an impressive resume. Since then, I’ve gone through interviews for four roles, making it to the final stage, but I’m not selected for every single... — read more 

What are you all hearing about a hiring freeze in retail? Are you being allowed to make job offers? There are mixed messages out there. Timmy and Sekou can’t make up their minds and give a simple concise directive.

USB is having issues with capital. They had to raise $3B due to capital ratio tightening. They owe MUFG $3.4 B in addition to the original price tag to acquire UnionBank. MUFG took a bigger stake of ownership in USB. The savings bill for... — read more