Was a Union Bank Employee mapped to the U.S. Bank, in IT. Was told recently of my end date. Package details to be discussed in coming weeks.
Hiring Process
I work as an architect in another bank and I applied for a position at US Bank where the job description pretty much matched with whatI am doing currently to 98% . I never got an interview call. Then I resend my resume with a fake name ( Anglo male... — read more
US Bank Notifications
Anyone else have the pleasure of sitting through the scripted, mechanical severance notification lately? US HR has got to be the worst in the industry. US Bank has misled thousands of people just to get to their end goal of getting deposits... — read more
Anyone Else Tired
Anyone else just sick and tired of wondering if they're going to have a job tomorrow or if they'll be laid off? I almost feel like I have my life on hold out of fear of spending money just in case I wind up being laid off. Anyone else feel like... — read more
A Certain Company Snooping Around TOS
Not going to say the company name that sounds like "gas-enter" but no one should be naive about their end-game and what their purpose is when you hear their name pass around within your company. former "gas-enter" consultant that knows the MO — read more
Terrible Managers
There are so many terrible leaders here . When they had the chance to upgrade when they bought UnionBank , HR fumbled the ball and thought top ranking was too hard. To be honest there are many of us who would rather work for UnionBank leaders than... — read more
Regulators All Over Us … Again
Regulators are crawling all over us again. Worried about the UnionBank acquisition as well as our BAU. US Bank had to raise capital. OCC had told USB and Truist not to bid on SVB and First Republic. Things are not good under Andy’s Kimono. We have... — read more
Expect layoffs this summer
Expect layoffs this summer . Given the amount of internal applications for jobs, I think US Bank will be laying off a lot, UnionBank and US Bank employees. Our HR teams are in over their heads , they are too junior for this size company. People have... — read more
Poor performing locations
It might sound harsh, but it's surprising to me that some branches that don't have a lot of traffic at all managed to stay open until now. I wonder why there is so much indecision to close them?
Closing our Branch!
Just was notified our branch is being closed as of September 6! I was told there are 12 other branches closing throughout the footprint also!
Zero Support for Retail Banking
Branches are getting creamed. US Bank kept customer experience managers and what use are they? No one is helping the branches and bankers are so busy they have no time to take there legal breaks or lunch for that matter. Where is the people? This is... — read more
Let the closures begin
Poor performing locations are getting a HARD look, is it worth the cost to keep them open if the staff and management can’t drive business? Gone are the days of BAU, it’s cutthroat now. Is your branch safe?
The culture of fear
Perhaps the culture of fear could at one time motivate some of us to stay and be overwhelmed, squeezed and undervalued here, but does anyone take that style of management seriously anymore? Does management really think we have no other options? As... — read more
Will the board ever address all the damage Greedy Andy’s outsourcing obsession has done?
Or will they think it’s fine what a mess the Union Bank transaction has been due to outsourcing the IT department to countries that don’t even know the different between a 5 and 4 digit PIN?
Union Bank and layoffs
Now that union bank conversion is near complete, when will those employees officially transition to us bank? Will a reorg occur? What have people been hearing? A lot pointing to layoffs coming down the pipeline but upper management seems to dance... — read more
U.S. Bank Facebook page pretending to care about those who served our country. Pathetic Hypocrites!!
If U.S. Bank truly cared about our country, CEO Andy Cecere would not be putting so many Americans out of work and outsourcing American jobs overseas just to give himself and the rest of the C-Suite more millions each year. #USBankGreed #USBancorp... — read more
If You Invested $1,000 in U.S. Bank in 2018, you would now have a disappointing $609
https://www.fool.com/investing/2023/05/25/if-you-invested-1000-in-us-bank-in-2018/
Why hasn't U.S. Bank aka U.S. Bancorp terminated their incompetent CEO, Andrew “Greedy Andy” Cecere?
U.S. Bank / U.S. Bancorp CEO Andrew “Greedy Andy” Cecere has pocketed millions by putting thousands of Americans out of work. He has presided over a bank scandal. He and his masters at McKinsey & Company have created an unprecedented toxic... — read more
I've never felt less safe
I'm not saying I've ever felt like my job was guaranteed, but in all these years I've been here I've never felt less safe. You? Quite a frustrating feeling.
Layoffs coming this week!!
I am not sure if this is accurate. Just wanted to be the first one to post it on here this week.
RTO Planning Is a Mess
It’s obvious that the group planning RTO has never been a part of a cross functional team at the Bank. We are mandated to return to the crime-ridden Plaza location while those in the technology and engineering department will continue to work out of... — read more
How do pay grades or ranges work at US Bank
Considering take a tech position at US bank they offered me a grade 13 at just over 100k. Is this a typical pay range ?
U.S. Bank Facebook page deleting customers negative comments
They also keep the comments full of simple one-word responses from fake profiles with fake bimbo profile pic. Seems like another Greedy Andy/McKinsey & Company strategy of ignoring the ongoing problems that are rotting U.S. Bancorp from the inside... — read more
CRC, the dead end job.
I recently had the opportunity to review the ability to move laterally with US Bank. It's not something anyone wants to hear but, I can say with certainty the bank values this role as a part time teller position at a credit union. It's not just the... — read more
Warren Buffet sells US Bank Stock
https://finance.yahoo.com/amphtml/news/warren-buffett-sells-stakes-in-two-banks-raises-bank-of-america-bet-220257631.html
McKinsey & Company cutting 1,400 jobs post removed
What do they and Andrew “Greedy Andy” Cecere have to hide? The fact that a criminal CEO has a criminal consulting firm making his decisions?
Loan portfolio
The Union Bank jumbo mortgage portfolio is massively underpriced and likely showing a huge loss. And the entire private bank team from Union pretty much left. The US Bank private wealth team is known to not be very strong across the industry on... — read more
More cuts
People are starting to talk about more layoffs happening before the end of May. I'm not sure if there's something concrete behind the latest round of rumors or if people are just scared and projecting. Have there been any developments that indicate... — read more
Union Bank Ops team
How Union Banks Division operations officers and Managers are being mapped? US bank already has their own Ops team?
Closing Branches
Can you share if you’re closing branches BMs new position… they’re becoming Market Engagement Managers or Float Managers? Are these temporary positions until they find another position?
All Market Leader Meeting in California
All retail market leaders will be in California next week. Will some of them be laid off? Maybe they are getting their chakras adjusted? USB is a 🎪 with a large cast of clowns 🤡
Stock Dropping to New Lows - What Will Be Outcome?
The stock price is hitting 52-week lows. Pretty sure the shareholders want to see action and change.
Retail employees
Branch closed retail employees was given their assignments but is this temporary? Since now the branches are way over staffed do you think they will lay them off by end of year? Also union Bank ABMs are way overpaid to be US bank CRC will ABM also... — read more
Interesting Read
https://www.theretirementgroup.com/featured-article/5448072/are-us-bancorp-employees-shocked-by-a-layoff-thrive-do-not-merely-survive Been a rough week. Best of luck everyone.
Layoffs
Looks like layoff are happening in the st louis mortgage team today. Food luck to all.
US Bank Ranked #9 in worst banks in the US
https://www.thepennyhoarder.com/bank-accounts/worst-banks/
Which areas have learned their mapping or disposition this week
I am curious to see who had meetings this week, as I thought our group would have heard some thing by now.
Branch closure role mapping
Closing branches got an update on our next assignment. Some of us are transferring to another branch and some are becoming float CRC. Sooo are the floats are temporary until end of the year? Also what will happen to Union Bank ABMs even though... — read more
CRC the truth behind the position
The reason why USB titled CRC was do the the staggering employees that left to a competing bank for better pay. Review the retention numbers for bankers with USB. The worst of any bank. That's why they changed the name. So competing banks would think... — read more
Credit downgrade + 52-week stock low
What’s that equal? Probably layoffs of non-manager types because you know AC and his McKinsey-consultant right-hand-man/flying monkey aren’t going to take the blame.