https://ir.usbank.com/news-releases/news-release-details/us-bancorp-completes-acquisition-union-bank MINNEAPOLIS--(BUSINESS WIRE)--Dec. 1, 2022-- U.S. Bancorp (NYSE: USB) today announced that it has completed the acquisition of MUFG Union... — read more
?
Will it be us bank employees turn this week?
Many more cuts to come?
Anxiety is through the roof.
Never believe their promises
I feel terrible when I hear from people who have been laid off that they were previously given big promises, probably to lull them into a false feeling that their job is safe. This is how they try to squeeze employees until the moment they are no... — read more
UB mortgage people that are not laid off
First of all, best of luck to everyone affected by these layoffs, I'm very sorry. I read somewhere among these posts that those who are kept will end up with the much lower comp. Perhaps I didn't understand this well, so I'm interested in how true it... — read more
If you leave USB
Just a reminder, they expect you to give at least a 2 week notice. I wonder how many people do.
Hiring freeze
Anyone else seeing no luck with internal jobs?
Bonus/Raises
Anyone heard how the bonus and pay raises will be, and when we can expect them ?
January
Who thinks there will be layoffs the first week in January?
I've said it before...
It's like this place is trying to run people off. They tie our hands with the equipment they give us and expect us to do our jobs. Seriously, the day I find a job elsewhere will be the day I leave this place.
Deadlines are unrealistic
I think I will soon have to make a choice between quality of life and pay, because I am totally exhausted here. It is impossible for managers not to know when a deadline is unrealistic. They just don't care. Do they want to drive people away or... — read more
Layoff
Will there be layoffs this week with so many on vacation ? Or after new year
Voluntary layoffs would be a great option
Giving the option of volunteering would represent huge risks for this company, but for me it would be a good option. I believe that many would love to volunteer to be laid off?
Mega back door roth
Does anyone know if the US Bank 401k allows mega backdoor roth contributions?
Capacity meeting
Tell me about the capacity
Please use some of your holiday time off to plan for your future
Some key questions: do I want to stay at USB? If so, in what role? Is there a different role internally that I’d be great at? what happens if I’m laid off? (There have been a few dismissals in the corporate office over the last couple of... — read more
401K Benchmarking Exercise - Assistance Requested
I currently work at BNY Mellon. Our CEO recently announced a change to the 401K plan. Currently our company match (max 7%) is implemented each pay period. Starting in 2023, the match will be paid at the end of the year (actually, three months after... — read more
Is there a way to increase the chances of being safe?
My morale is zero. There are a lot of rumors circulating about layoffs and I am getting more and more anxious, and as a result, less and less productive. I would like to keep my job here at least until I find a better one but I am especially... — read more
Thursday layoffs
Wish they would just tell us if we are safe thru holidays like BOA did. I’m just nervous to be happy as I’m afraid it’ll happen but I hope not
2023 Branch Closures
Now that the MUFG merger is complete, I would expect the mission to close more branches continues and yet another reorg. Especially in formerly known community markets. They paused for a while until USB received regulatory approval but come 2023... — read more
Why are some of you so sure that there will be no layoffs soon?
I too would like to be one of those who think there won't be any layoffs so that I can finally relax a little.
A very stressful period
I thought that I would never become completely burned out because I actually love my job. However, expectations from employees are continuously growing, the pressure is increasing. The atmosphere is very tense and the unusual behavior of the... — read more
Office parties suck
Suddenly they think of sticking many people in one room making stupid parties like that will make anyone want to go in. Kind of disturbing actually. People are still getting sick and no one cares about stupid forced interaction. Barfing inside.
US Bank Layoffs 2023
Make a prediction and tell us what you think about US Bank layoffs? Any chatter, news or rumors?
Layoffs
Here is week they can lay us off and it will be done before Q4 ends but also it will not be RIGHT before any holiday
Constantly stressed out
I used to enjoy my job once upon a time, but the last few years have changed that completely. I'm constantly stressed out over unrealistic goals and deadlines, having my workload increase all the time, and having to worry about layoffs on top of all... — read more
Leadership is d-mb as a box of rocks
How are they going to enforce RTO for only hybrid employees when so many people are remote/home based and working on the same teams as hybrid employees? It’s going to create so much animosity between team members and no way are employees who’ve been... — read more
I'll take a layoff and severance over being fired
I've been hearing a lot of whispers about people being fired for the most ridiculous things. I'm now even seeing it talked about on this board. If that's how the management has decided to reduce the number of employees, then I'd welcome being laid... — read more
Layoff holiday week
Gee- there is no way they would lay us off this week. Please
Managers told they’ll be fired?
I heard a rumor that managers are being told they’ll be fired if they don’t enforce RTO. Can anyone confirm if that’s true?
Change
Tech leadership change at US Bank https://www.fintechfutures.com/2022/11/tech-leadership-change-at-us-bank
Layoffs this week
Couldn’t sleep all weekend thinking about this week. I hope no mortgage layoffs
I just cant wrap my head around a lot of these comments on this board.
This is not the company it once was where they cared about their employees. They are outsourcing everything to India and quite frankly its obvious they dont care about their employees like they once did. The survey has become meaningless and I... — read more
Micromanagers and RTO
I am sick of the RTO and my is manager consistently bugging me to be a part of it to show leadership spirit. Can anyone tell if RTO will ever get reversed for the bank? If not, I have to look for a different job. My work in the bank takes a lot more... — read more
Back to work
To pull people back in line, the Fed has engineered a recession. Everyone should resume commuting to work and refrain from requesting extravagant extras like seeing their children. Talking to Johnny at the water cooler about golf is an important part... — read more
I am not paid enough to do all that work
Responsibilities are growing, workload is increasing and I feel very underpaid. Unfortunately, I have a feeling that if I stay here, I will become even more underpaid. Do those at the top really think that employees will continue to make... — read more
You lose cr-p-suite
You want me in the office? Ok I’ll do maybe 3 hours solid work on days I have to commute to the office vs 9 hours of solid work on days I work from home. Don’t expect me to ki-l myself in the office. Too many disruptions with people talking... — read more
Layoffs
Will banks wait after holidays or such do it this week
Wrong people in leadership
There are so many of the wrong people in positions from the c-suite to mid-level managers. Sad that these are the decision makers who are often the reason people leave. So many managers and orgs have awful TTUS survey results and nothing is ever... — read more
People leave bad bosses
I received a better offer and submitted my resignation. However, I was ready to accept even a job with a smaller pay because I could no longer bear the manager's behavior. I don't even know how that person ended up in that position. I think that... — read more