Topics regarding layoffs at U.S. Bank

Topics regarding layoffs at U.S. Bank

Things got even worse since then

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 

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| 1610 views | | 2 replies (last January 17, 2023)
Post ID: @OP+1kIdePKk

?

Will it be us bank employees turn this week?

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| 740 views | | no replies yet
Post ID: @OP+1kIhThIm

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 

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| 1580 views | | 1 reply (January 13, 2023)
Post ID: @OP+1kFZFpeO

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 

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| 1620 views | | 1 reply (January 16, 2023)
Post ID: @OP+1kFUkkxW

If you leave USB

Just a reminder, they expect you to give at least a 2 week notice. I wonder how many people do.

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| 1580 views | | 8 replies (last January 27, 2023)
Post ID: @OP+1kFR2nLK

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.

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| 1102 views | | no replies yet
Post ID: @OP+1kqjfhe5

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 

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| 1980 views | | 6 replies (last January 5, 2023)
Post ID: @OP+1kqH3Czz

Layoff

Will there be layoffs this week with so many on vacation ? Or after new year

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| 1900 views | | 6 replies (last December 29, 2022)
Post ID: @OP+1kokV6DF

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?

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| 1610 views | | 3 replies (last December 27, 2022)
Post ID: @OP+1knFFwcx

Mega back door roth

Does anyone know if the US Bank 401k allows mega backdoor roth contributions?

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| 1430 views | | 2 replies (last December 26, 2022)
Post ID: @OP+1klrtOwL

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 

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| 1840 views | | 9 replies (last December 29, 2022)
Post ID: @OP+1kdvUOra

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

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| 2170 views | | 5 replies (last December 12, 2022)
Post ID: @OP+1k5IEYds

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 

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| 2290 views | | 4 replies (last December 20, 2022)
Post ID: @OP+1k3qvWf1

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 

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| 2060 views | | 4 replies (last December 19, 2022)
Post ID: @OP+1jYG4uSq

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.

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| 1820 views | | 5 replies (last February 10, 2023)
Post ID: @OP+1jYG0Woi

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

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| 1390 views | | 3 replies (last December 16, 2022)
Post ID: @OP+1jUK9W1w

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 

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| 2011 views | | 6 replies (last November 29, 2022)
Post ID: @OP+1jRnrXNj

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 

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| 2120 views | | 4 replies (last November 23, 2022)
Post ID: @OP+1jPef8jj

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 

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| 1443 views | | no replies yet
Post ID: @OP+1jO9lqF0

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?

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| 2120 views | | 3 replies (last November 19, 2022)
Post ID: @OP+1jMqUuPC

Change

Tech leadership change at US Bank https://www.fintechfutures.com/2022/11/tech-leadership-change-at-us-bank

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| 1920 views | | 5 replies (last December 1, 2022)
Post ID: @OP+1jJaVHSt

Layoffs this week

Couldn’t sleep all weekend thinking about this week. I hope no mortgage layoffs

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| 2400 views | | 5 replies (last November 18, 2022)
Post ID: @OP+1jHfcwMq

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 

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| 2480 views | | 4 replies (last November 13, 2022)
Post ID: @OP+1jDgdu8D

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 

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| 1850 views | | 3 replies (last November 10, 2022)
Post ID: @OP+1jC3vWP5

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 

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| 2320 views | | 9 replies (last January 26, 2023)
Post ID: @OP+1jBgrNsr

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 

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| 1910 views | | 3 replies (last November 9, 2022)
Post ID: @OP+1jByeLlT

Layoffs

Will banks wait after holidays or such do it this week

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| 2590 views | | 7 replies (last November 13, 2022)
Post ID: @OP+1jzH7nBf

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 

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| 2100 views | | 3 replies (last November 16, 2022)
Post ID: @OP+1ju7Kdz4

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