Anyone know if there will be layoffs within payment services? Specifically for the claims department(s)? I’m wondering if these processes will be outsourced over seas with the reorg.

I think it's time to look for a new job when the very thought of going to work fills me with dread and anger.

Team moved to another org in mortgage months ago and our official org in workday is still TBD….my managers kind of a useless id--t too so I’m thinking I’m sh-t out of luck and our team is likely up for elimination. Anyone else in this situation? — read more 

I sincerely feel sorry for all those who are still making enormous efforts, believing that it will be appreciated and that they will save their jobs. In the end, they are dissuaded only when they are laid off unfortunately. Perhaps once upon a time... — read more 

The main cost-cutting goal has been achieved, so I think they'll switch to micro-cuts that fly under the radar from now on. They'll hit one team this week, another group the next, cancel a project or two...things like that. Just constant surgical... — read more 

Really not surprised that US Bank would violate their own agreement and not pay the severance on the date they stated they would in the agreement, but how incompetent are these people? If anyone was going to mess this up, it was going to be these... — read more 

It seems like managers who get low scores across the board never seem to be reprimanded in any way. I had the misfortune of joining a team with a terrible manager with zero leadership skill who can only be described as a bumbling id--t. The guy has... — read more 

Does anyone not give sh*t about their job anymore? It’s a shame to see the hardworking get laid off while so many of the incompetent remain. Doesn’t matter how well you do, the only ones that seem to do well are the ones permanently attached to their... — read more 

How many of you have taken the TTUS and answered those questions about advancement and do you think there is open and honest communication? People are nervous. People are taking positions created in February as advancement only to be told in June... — read more 

Head's up if you purchased vacation and didn't use it before getting terminated...reimbursement is supposed to show up on the final paycheck (separate from the severance payout) but it wasn't on mine. Accrued unused vacation was there but not the... — read more 

I'm at once worried that I'll lose my job but I'm also worried about how my job will look if I stay and a bunch of people on my team are laid off. Either way, I'm screwed. I either have to look for a new job or I'll most likely have so much work... — read more 

Does anyone feel layoffs coming tomorrow or next week? My boss has been super strange

When Wells Fargo went through the "fake accounts" scandal, employees were the ones who paid the highest price. Not just those who participated directly. Just being associated with Wells Fargo was a problem and a liability on a resume. I pray that the... — read more 

Are the layoffs still happening? - seems to be quite out there now. If so, post below what you’ve heard/department

https://www.thelayoff.com/t/1hW2SBSq

Fake Accounts at US Bank? To meet sales goals? Come on... https://www.washingtonpost.com/business/govt-us-bank-workers-opened-fake-accounts-for-sales-goals/2022/07/28/a84c16c2-0e85-11ed-88e8-c58dc3dbaee2_story.html if you get a paywall propmt use... — read more 

I'm very happy that I recently left but I've worked here for a long time and I can't be indifferent when I hear what's happening now. Several people here mentioned that the bank is trying to impact the payouts on the grandfathered pension... — read more 

CFPB Fines U.S. Bank $37.5 Million for Illegally Exploiting Personal Data to Open Sham Accounts for Unsuspecting Customers JUL 28, 2022 WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) took action against U.S. Bank for... — read more 

For those like me affected by layoffs: If you don’t receive an email with your Workday home access link the day after your job elimination date, call to get it re-sent so you can sign your severance agreement. They claimed to have emailed it but I... — read more 

Yes, there'll be more layoffs this week.

Elavon is already a good brand in Europe. Writing on the wall look like American Elavon is going to quietly fold into US Bank Payments with US Bank leadership

For the eighth consecutive year, U.S. Bank has been named one of the World’s Most Ethical Companies by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices. “Our employees have gone above... — read more 

With the constant layoffs on top of everything else, everybody I talk to says the same thing: I'm only here until I can find something better. That's it. Literally, not one person I asked said they were not looking. What does that tell you about the... — read more 

Payment services problems are not in middle management, they reside solely with payments leadership, the business is not growing, it is not expanding, the payment services division is not being run by payments people, U.S. Bank continues to report... — read more 

big RIF at Elavon, Boarding is going to be done in Poland. 187 between Knoxville & Denver

Has anyone else in collections got Laid off recently?

Does anybody know any actual numbers of how many have been laid off the past month at USB and Elavon?

Don’t understand why people had to be targeted and thrown out during the Great Resignation - would had plenty of people sign up for voluntary separation

Post updates in this thread.

They are happening today.

Anyone know if layoffs in the fraud/risk area are coming?

I was determined to quit ASAP but the constant layoffs have changed my mind. Why would I leave when severance is an option? I can't think of one reason why anymore. I'm planning to do only what I have to (no more going the extra mile, no more... — read more 

All business development consultants let go in the twin cities. Likely more to come

Seems like several departments were notified of management positions being by terminated yesterday. Anyone know the total number of jobs cut?

Let’s recap what everyone needs to do: resume update LinkedIn profile update and network there! if you’re laid off, some may choose to use the green “open to work” thing on LinkedIn after severance period ends. take stock of spending/... — read more 

There's no relaxing. There's no end to worrying. There's no end to stressing. Layoffs are the new normal. Layoffs will be happening indefinitely. It's as simple as that. I've said this before and I'll keep saying it. You're not safe. Don't act like... — read more 

Lots of good people leaving before they get laid off. Lots.

Does this mean we can relax?

As the title states, is there a defined or standard notice period?