Imagine taking a world class team and then hiring two buffoons from the market. These id--ts have completely trashed what used to be a great place to work at. This is not a race related comment. Prashant and Amborish are the worst possible hires we could have made. Arrogant? Check. Incapable? Check. Laying off good people who actually know the work? Check
Wake up Gunjan. These boys are peeing in your lunch bowl.
I'm quite intimately familiar with the situation in EACX, having a few friends in that org, and am also rather familiar with the other (I no longer work for the bank, having since retired, but I was there when both orgs were part of EAA and I try to remain in contact with former colleagues). My perspective is that both executives appear to be weak hires who went through limited vetting prior to being onboarded. Neither seems to be knowledgeable in his respective area or managerially competent, and each comes with a set of substantial character defects. At this point, each appears to be running a sort of grift, supported by fictitious and relatively unchallenged accounts of value creation (frankly, this shenanigan dates back to the EAA), and with a staff base that is too afraid to speak up, due to difficulties in finding other jobs at the moment as well as a general lack of trust in HR. If I were still there, I would certainly be taking a stand (and likely wouldn't still be there for long). Once every week or two, I make a big bowl of popcorn and make a call to someone in either EACX or the CoE to be entertained by the latest round of foolishness.
Will there be more cuts? The anxiety is peak right now.
Blind leading the blind. I mean how is that cloud migration thingy going? Anyone knows
@bs there power points are also made by someone else. They just go around presenting it and tell the leadership that they will get growth and turn around and start abusing their employees to deliver with impossible deadlines.
@a1 yes. Amborish's response to everything wrong is that managers didn't do a good job of communicating with their direct reports. He has no vision, no clarity just tries to bow down to the business line leaders and torture the employees in his org with crazy deadlines and deliverables. He is taking the EACX down and I won't be surprised if in next 6 months he lays off more people. He has already set up some people for failure.
What is EACX, that's a new one for me.
@c2 I agree with this. His explanation of HIS reorg were three random jargon words with zero explanation about what the restructuring was or why. I've never heard a worse explanation of anything.
I’m convinced Amborish lied on his resume to get hired at the bank. He’s like a little child who knows nothing and speaks in generalities. Go look at his LinkedIn page and see all the stuff he takes credit for at previous jobs. Smoke and mirrors.
They’ve been here a year or so now and still have no clue how the business works. The damage is on the verge of irreparable. But of course nobody above them wants to see that, because their number one skill (and the skill they value in others the most) is the ability to make a pretty power point presentation, gaslight the audience that everything is going great, and convince maybe even themselves that we’re 6 months away from some breakthrough
The failures at AI COE and EACX are representative of various business line failures and stagnation throughout US Bank, lack of leadership, inability to objectively manage remote or hybrid work schedules, collapsed credibility with employees, shareholder and the Wall Street analysts, hard to find much of what is working quite well anymore, single digit growth equates to less than capable leadership across the top of the house.
Literally their main job as leaders is to communicate business strategy and understand their teams. Do they do either?
@OP When business partners ask for accountability, P and A blame their leaders and staff immediately. Enough of this. Can others share your experience too? It is not easy to speak up but USB deserves better.