Well it's March, have been many rumors on this board about a March layoff. Anyone willing to share info? If not March will there be layoffs before the normal October purge.
Replacements are almost non-existent?
I am glad for everyone that finds a better option because this company no longer has much to offer to ambitious people. At the same time I am horrified when someone leaves because there is no understanding that a replacement needs to be made. Every... — read more
Can anyone confirm?
I read in another thread that an employee’s position in 24hr banking was being eliminated and that several others were on that call. I haven’t heard anything since. Can anyone verify this and if any other BUs were affected? I really wish there was... — read more
They have lost control?
You will be required to come back to the office because they have lost control. A lot of people are taking advantage of not being watched all day but don’t be fooled because they count every keystroke. Does anyone really think they have lost... — read more
Not many will want to return to the office
Once companies decide to return to the office, it's going to get real interesting. Can't think of many people that have worked from home for a year that want to go back to a full-time office setting. I know of a few people that have moved and now... — read more
Next week Thursday webex invite
Only the ones affected will get an invite on Thursday morning.
Are you worried?
For back room operations and non-customer facing positions, what are your thoughts about the return to work scenario? Are you ready to go back? Are you already back? Or do you think your position won’t be there when it’s time to go back? — read more
Case Processor Wave on the Horizon?
Trying to figure out the actual expectations to not be ousted. is there a real number goal to be safe. How do some people kick out a 100 more cases then others?
How many people are looking for a new job after compensation convos?
I actually had to stop myself from bursting out laughing when my manager that the focus this year was compensating individual contributors....1.5-2 percent raise and 40-60 percent of target bonus? Did any of the c-level execs also make less this... — read more
Bonus outcome
How are the ongoing bonus meetings ending in your teams? Our team is already a wreck. Most of us have already polished our resumes and are ready to jump ship. No leadership, no course, only a little koolaid for tenured old white bankers
Bonus
Has anyone still not heard anything about their raise/bonus???
Beware of how you time your 2 weeks
Coworker put in their 2 week notice today, was told they would not receive a bonus because it hadn’t “been calculated yet” despite all bonuses being released in approximately 2 weeks from now on 3/5’s paycheck. They’re scamming people out of bonuses... — read more
Is there a career here?
A colleague referred me to this site. After having read all these posts I am wondering if I actually am able to build a career here. I am fairly young, a year out of college and while this is not my first job, it is my first professional job. Should... — read more
Hiring... from outside
New President of WM/Affluent - ANOTHER HIRE FROM OUTSIDE! https://www.businesswire.com/news/home/20210203005079/en/Scott-Ford-joins-U.S.-Bank-as-president-Wealth-Management-Affluent Understand that US Bank will never promote from within for the... — read more
How much do they value us in other companies?
This is my first job and I have been here for 4 years. I am interested in experiences of someone who can tell me how a former USB employee is treated in other companies? How worthy is it to have the name of this company in your resume? Someone on... — read more
Revolt?
Bonus conversations started and not going well. Numerous resignations already on the table. Take whatever bogus bonus was arbitrarily calculated for you and get out now. There is a bright future ahead of you, and it does not read "US Bank". You... — read more
More branch closures to be announced end of month
They will announce some more branch closures end of this month. Effected Branches will officially be closing in May or June
Branches still closed since March 2020
Why not open back those branches? Why are they still temporarily closed?
IGNORE HR TROLLS trying to put the fire down
Facts: US bank makes a lot of $ but lays off SYSTEMICALLY every year, closes branches, shrinks employee base, keeps highly paid managers who belong "in the club" and brings highly paid contractors to move initiatives that don't work, fosters high... — read more
Ignore Gaslighters With a Chip on Their Shoulders
We have seen fake news posts such as "something big going to happen in January" or "Goldman Sachs going to buy us" and nothing pans out. The reality is these are trolls here to create anxiety and top into someone's existing dissatisfaction to get a... — read more
Find yourself a better career
US Bank employee: you have a much better chance to be happy if you stop begging for your bonus being windled at your face. Do you enjoy depending on it to make ends meet? Too much sacrifice for a few $$ and having to pray for it not to be cancelled... — read more
ATM being serviced by third party
My branch is temporarily closed and i was informed that my office will have a 3rd party service our atms. Anyone else in the same situation? Some offices in my area closed when a vendor was announced to service the atm.
Sooo.... about dem bonuses
I feel like we got our meeting invites for bonuses in January last year. Any idea when they’ll be released, specifically WM? Asking for a friend who wants to schedule their 2 week notice right lol
February cuts
Are we expecting any?
Wow! Clip from an article on Mr Cecere’s 2019 increase
S. Bancorp’s USB president and chief executive officer (CEO) Andrew Cecere received 40% hike in his total compensation package for 2019 compared with the prior year. Cecere’s total annual pay increased to $18.8 million in 2019 from $13.4 million in... — read more
Anyone else see a 40% Increase in 2019? Wonder what Mr Cecere’s increase will look like for 2020
https://finance.yahoo.com/amphtml/news/u-bancorp-usb-sec-filing-133401646.html
TOS
How does Soroka still have a job? He leads TOS Operations Services and seems completely clueless about both technology and Operations. They even joked about it in the Strategic Roundtable. He's surrounded by heavy weights and isn't even embarrassed... — read more
Cecere visiting branches?
R Davis used to stop by branches every once in a while. Cecere has zero interest in mingling with subordinates, unless they make him tons of money. Same with TOS deadweight hollow "leadership". The only time managers talk to subordinates is to... — read more
No more branch closures in the near future
Andy and Terry Dolan recently announced there are no more branch closures in the near future.....what ever that means.
Severance - DO NOT SIGN!
Beware of the US Bank severance offer. They make you agree to allow company officers and employees to defame and malign you after you leave!!! If you do sign it you have 90 days to withdraw your permission!! DO NOT SIGN IT. KEEP A COPY OF IT AND GIVE... — read more
More changes coming
I've heard more changes are coming including additional reorganisations but nobody seems to have any details. It's not that I doubt we're looking at more of the same, it just be nice to know more than "somethings brewing." If anybody knows more... — read more
Hr was reorganized
Lot of hr staff was let go. Welcome to workday, everything is automated, wait times to talk to someone in hr is over 1 hr
March 2021
I heard through the grapevine that there will be another " reorganization" in March involving Commerical and Corporate banking. Sounds like they are trying to be more transparent about upcoming changes. Give me a break.
Branch Managers to go bye bye.
The company will get rid of a lot of dead weight branch managers soon. Hub district managers will oversee their own with multiple others. CRC4s and anyone with S2 authority will step in.
Big news about to break in Jan
Get ready for a wild ride everyone. After q4 earnings.
What is happening to teller positions?
What is happening with Teller positions??
When can we get some good news?
Branch closings, layoffs, cuts in benefits...I'm exhausted from hearing all the bad news and waiting for the next announcement to learn just how bad it'll be. Remember when announcements used to bring good news, like bonuses, for example? I miss... — read more
400 more branch closures in Q1
U think 2020 was a bad year? 2021 will be brutal. https://www.atmmarketplace.com/news/us-bank-to-close-400-branches-reports-robust-digital-engagement/