Topics regarding layoffs at U.S. Bank

Topics regarding layoffs at U.S. Bank

Everybody should be proactively managing their career

Things change. Sometimes you are in control of the change and sometimes you are not. In my opinion, working at the same place for 20 years is way too long..makes your skills stagnant and less competitive. Everyone should be proactively managing their... — read more 

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| 1540 views | | 3 replies (last November 7, 2018)
Post ID: @OP+VS8effi

What was the reasoning?

Can anybody tell me what was the reasoning behind laying off some of our best people? How is that going to help US Bank short and especially long term? I'm not sure who made the decision on who will be laid off, but it certainly wasn't anybody who... — read more 

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| 1493 views | | no replies yet
Post ID: @OP+VSfC9pz

It Could Take People 1+ Years to Find A New JOB!!!

I know a U.S. Bank employee with 15 years with the bank that was laid off in 2016. It took her over a year to find a new job. If not prepared, even with a severance package, layoffs can cause depression, bankruptcy, foreclosure, divorce & even... — read more 

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| 1352 views | | 1 reply (November 21, 2018)
Post ID: @OP+VSK6Gdj

US Bank stadium

Anything to do with the Billion dollar stadium they built themselves?

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| 800 views | | no replies yet
Post ID: @OP+VQavPCt

Blaming the media

We received a short email 2 days after the layoffs from a senior manager which blamed the media for all the speculation. It did nothing to reassure us or address our former colleagues and friends. It was clearly not the plan to share the news, it was... — read more 

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| 1230 views | | no replies yet
Post ID: @OP+VQ69GWq

Layoffs Right Before the Holidays!

I wonder how my daughter's Christmas will never be the same. But oh, U.S. Bank post record profits in Q2. Is that fair? https://www.zacks.com/stock/news/319498/us-banks-earn-record-profit-in-q2-5-topranked-picks

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| 1040 views | | 1 reply (October 27, 2018)
Post ID: @OP+VQdAXql

Why all the negativity?

Everyone is “p-ss-d off” when they get laid off. U.S. Bank is a great place to work and employees and customers alike enjoy receiving solutions and working for the bank. Of course, there will be internal problems, there are in all businesses. The new... — read more 

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| 1340 views | | 3 replies (last November 19, 2018)
Post ID: @OP+VQecvk5

CEO & other exe will makes millions while they Layoff YOU!

The bank will miss the leadership of Richard Davis. With our new CEO whose a fiance guy who cares more about numbers than the people will make millions in compensation this year focused on improving earnings per share. Unfortunately, he's a wolve &... — read more 

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| 1450 views | | 1 reply (October 27, 2018)
Post ID: @OP+VQp2Uzd

Severance?

Any of the affected people mind sharing the severance info with us? Is it a week or two for each year? And is there a cap? Also, what's the situation with PTO?

by
| 4600 views | | 5 replies (last February 7, 2019)
Post ID: @OP+VPjtILD

Are we sure layoffs are done?

I've been awake for most of the night, worrying and stressing over a possibility of more layoffs once I go in today. I can only imagine how traumatic this whole experience was for the poor people who lost their jobs unexpectedly. Does anybody know if... — read more 

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| 1462 views | | 2 replies (last October 26, 2018)
Post ID: @OP+VPdRauu

Many more layoffs to go

As many of my colleagues have been told by email and a brief surprise meeting of their layoff I know this is only a tip of the iceberg. The news love to share how many jobs we created this year but a majority being temporary placement and or service... — read more 

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| 1640 views | | 1 reply (October 26, 2018)
Post ID: @OP+VP4gVY0

I worked in Senior Management and was let go

I worked in Sr Management for two years at US Bank. And, was let go suddenly as part of a consolidation/reorganization. It happens, and I’m not bitter. There is intense pressure on banks to continually deliver better and better financial results... — read more 

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| 1573 views | | no replies yet
Post ID: @OP+VO2yewv

US Bank Layoffs - October 2018 - Media Roundup

US Bank Layoffs - October 2018 - Media Roundup [Twin Cities] U.S. Bank laying off 1 percent of workforce due to ‘changing business needs’ https://www.twincities.com/2018/10/23/u-s-bank-laying-off-1-percent-of-workforce-company-wide/ [Biz Journals]... — read more 

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| 1200 views | | no replies yet
Post ID: @OP+VOTIs7P

Very unstable environment to work with

Less pay, loads of work n unexpected lay offs. No proper reasoning for lay offs. Contractors are retained n full timers are kicked out. It’s such strange horror to go through.

by
| 960 views | | 2 replies (last October 28, 2018)
Post ID: @OP+VObTUbz

2 years with US Bank

I was with the Bank 2 years and got laid off 3 times along with many other people! WOW very unstable place to work!

by
| 851 views | | 1 reply (October 25, 2018)
Post ID: @OP+VO0Rnry

Laid off after 10 years service

I never expected I would get the news that I got this week. I was called into the office of a senior executive. I knew changes were coming and expected the meeting was to catch the department up on them, not that I was going to be laid off. The... — read more 

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| 2960 views | | 11 replies (last December 1, 2018)
Post ID: @OP+VO9Hqk6

No Loyalty

20 years of service ended yesterday.

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| 1710 views | | 4 replies (last October 28, 2018)
Post ID: @OP+VOLtWoJ

If I could turn back time...

When I started at US Bank I thought it was a great company to work for. But once I learned about all the internal fraud that was going on it put me on edge. Four years later after climbing the coroprate ladder. They laid everyone off with out... — read more 

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| 1651 views | | 2 replies (last October 26, 2018)
Post ID: @OP+VNsh7Js

Significant layoffs at U.S. Bank

Layoffs of one percent of workforce might sound low for some companies, but we have around 70,000 employees, which means that a minimum of 700 people are being laid off (and from what I'm hearing, it was even higher than that). I'd say that's... — read more 

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| 1930 views | | 4 replies (last October 30, 2018)
Post ID: @OP+VN5zTfq

So Cal Fears

My son works at US Bank here in Irvine CA and his entire office is fearful of their department being closed down and moved to the Denver CO area under a consolidation plan to save $$.

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| 840 views | | no replies yet
Post ID: @OP+VF50SSV

U.S. Bank continues with silent layoffs in 2018

U.S. Bank gave employees below management paygrades a $1000 bonus in January, but then silently had lay-offs in many divisions including Payments. The process is being called a "talent optimization" internally with management and a "separation" with... — read more 

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| 5190 views | | 2 replies (last October 25, 2018)
Post ID: @OP+RCHhaS3

US Bank layoffs in RPS

Retail Payments at US Bank is laying off people after the Division lost $100M in last quarter.

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| 2110 views | | 1 reply (February 3, 2018)
Post ID: @OP+Rp5iAS8

US Bank Layoffs 2018

RIFs might happen like right now - as early as next month here in Minneapolis.

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| 3420 views | | 1 reply (October 27, 2018)
Post ID: @OP+PL9RfIo

US Bank is on a hiring spree

I have been being a US Bank employee for almost 4 years now. I have not heard anything about this at all. There is internal communication that is updated daily, and anything like this would have certainly been mentioned in there. I have not heard... — read more 

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| 1871 views | | 3 replies (last December 22, 2017)
Post ID: @OP+PGjmwRA

Untruthful reviews

I left US Bank last year after I got fed up with reviews that are intentionally untrue to make sure you don't get a pay raise/promoted... Despite having a great sales quota and being praised for my work on daily bases, the review returned as... — read more 

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| 2040 views | | 4 replies (last December 1, 2018)
Post ID: @OP+PB6niM9

Layoffs are a regular occurrence at U.S. Bank

U.S. Bank has regular layoffs that have been going on consistently for years now. They never make the news, though, since they know to make them small enough to avoid both WARN and bad publicity. The employees know, though. It's become so bad that we... — read more 

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| 19790 views | | 22 replies (last January 20, 2024)
Post ID: @OP+PAWclqO

Reorg news?

Have just heard about big program reorg within 2LOD qa - all processes are being 'examined and updated to create efficiencies' with some completely being phased out. Supposed to be completed by end of 2017. Were told that it would not result in any... — read more 

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| 2010 views | | 1 reply (March 19, 2018)
Post ID: @OP+PnFFCsp

US Bank Layoffs 2017

Let's see what the rest of this year brings - or maybe next year - RIFs maybe? Here in Minneapolis.

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| 2845 views | | 1 reply (May 19, 2017)
Post ID: @OP+Kv3bKRe

Salary Overtime Cap?

Has anyone heard what U.S. Bank plans to do in December when the non-exempt salary cap rises to 47K? Will low level managers (like Assistant Branch Managers) be eliminated like Chase or made non-exempt from overtime?

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| 1900 views | | 2 replies (last September 29, 2017)
Post ID: @OP+HshEIme

US bank scew over their most loyal employees.

I have never worked as hard as I did last year for US bank and how did they reward me for working so hard to save them millions of dollars. They first gave me an outstanding review which I earned. My manager was praising my great work in the review... — read more 

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| 4180 views | | 3 replies (last January 19, 2017)
Post ID: @OP+FUoUlOP

Best bank in America

I have worked for USbank for 18 years and you never know what they are going to do until they do it. That being said I do believe that they care for there employees and will do everything they can to avoid layoffs. USbank however does need to work on... — read more 

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| 2720 views | | 1 reply (February 12, 2016)
Post ID: @OP+FArYOX7

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