It will be interesting to see how many U.S. Bank employees face layoffs this year, especially as the company continues to absorb the high costs of Amazon and EA hires over the past year—significantly straining the cloud program budget. Despite these costly hires, leadership has taken no meaningful action, reflecting a concerning lack of accountability.
Many of these ex-Amazon and EA hires hold high-grade positions, exerting excessive pressure on their teams while simultaneously taking credit for the hard work of others. Rather than driving real execution, they are presenting a false narrative of success, which is far from reality.
The state of the Shield Platform, including its cloud operations, has been deeply disappointing, resulting in the loss of many trusted and long-standing employees. If this trend continues, a significant workforce reduction seems inevitable.
A reckoning is on the horizon—are we prepared for the consequences?
Gunjan Kedia, as the incoming CEO, this is a critical wake-up call. Decisive action is urgently needed. The ongoing indecision from leaders like Pete and Zeph is only making matters worse. Strong leadership is essential to navigate this crisis and prevent further damage.