Thread regarding U.S. Bank layoffs

Townhall Revelation: 50% ER = Tons of Layoffs

If what she said is true, a fifty percent efficiency ratio is two billion savings. Do the math... That's aroud 20K employees over the next.…

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| 3162 views | | 8 replies (last July 24) | Reply
Post ID: @OP+1k0wmgvjv

8 replies (most recent on top)

Efficiency ratio at the expense of risk. Laughable strategy from an investor perspective because it is short lived.

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Post ID: @eg+1k0wmgvjv

@a7 There were far less products & services, levels of management and offshoring then too.

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Post ID: @a9+1k0wmgvjv

We ranged between 51-53 from 2010-2014. For reference. Agree trying to get there is not likely, but we have been there since I worked here.

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Post ID: @a7+1k0wmgvjv

We won’t be able to generate revenue at that ratio. Ridiculous

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Post ID: @a6+1k0wmgvjv

@a4 spot on

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Post ID: @a5+1k0wmgvjv

That seems correct. Remember we had about 80,000. Employees in 2023 after Union acquisition. I think last report was 67,000 employees now? I think they want to get it down to 50,000 employees ,human expenses

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Post ID: @a4+1k0wmgvjv

@a2 she's probably dying to match chase @48 percent. Whatever the target is, seems
Mooooore rifffffa otw

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Post ID: @a3+1k0wmgvjv

50% ER is an insane and stupid goal. Richard Davis had it at 55 and that was considered good. Investors are sick.

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Post ID: @a2+1k0wmgvjv

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