Thread regarding U.S. Bank layoffs

They are bringing in people from the Philippines already inplace on debit side they are planing on doing it on credit side as well I think in the next few weeks . ive even heard a few other departments have a work force going in the Philippines. I always admired us bank for keeping a usa workforce give or take the work they do in other countries, and idk what happend but march of last year there was a huge shift and everything started to go down hill.

@3rr same here, no good reasons, but did get some compliments (?). Manager is the self deprecating guilty-conscience type. Fully remote. Sounds like a freight train coming down the tracks.

@17c got a needs improvement. No credible narrative. First time in over 25 yrs in the industry. Hmmm

@3qd I don’t disagree here, but curious if anyone knows if this will likely come in waves or rather quickly? I am remote but got a good review in 2025.

@3qd Well put and being a legend means nothing.

Make no mistake. This is the order of layoffs starting from 1 as it is all about compliance to the workforce strategy over other criteria.

1. Remote + Needs for improvement
2. Remote + Meaningful performance
3. Remote + Extraordinary performance
4. Hybrid + Needs for improvement
5. Hybrid + Meaningful performance
6. Hybrid + Extraordinary performance

@17c Yes, I was terminated from my job as I was work status only but was with a different bank.

@17c I believe in the immediate term (like Q1 and Q2), they are focused on job grades that need to be hybrid. Hearing that higher level grades (ie, above 14 or 15) is a focus on moving to hybrid only. All rumor, hearsay right now - but coming from credible sources.

@17c It would seem that U.S. Bank is trying to reduce its remote workforce pool, or at least those who were grandfathered in after the pandemic. There are certain job families approved for remote work, however there are still many people and roles who are remote but their job family should be hybrid. So I believe anyone who is remote, that is not in an approved job family to be remote, could be at risk in the coming year or two. The strategy on who and when is a tad unknown.

Thinking about layoff strategy, I assume "needs improvement" would be on the list, particularly if remote. But would remote make one less safe, regardless of performance ratings, e.g. extraordinary?

Former employee here, laid off in the Fall of 2024. After the layoff I decided to retire and I have no regrets about that decision. Occasionally I'll look at this website to see what the company is like today. Based on the comments I read on this board, I feel badly for all of you.

I joined the bank while Richard Davis was the CEO, and RD commanded, and gave, respect. It was a good place to work during his tenure. The bank was "frugal, but fair".

In the 10 years, give or take, since RD left, the organization has really deteriorated as a place to work. Since his departure, this organization has been in a relentless downward spiral.

My unsolicited advice to current employees is to accept the organization for what it is and act accordingly. For some of you that means to actively (and aggressively) seek a new employer. For others, that means giving the minimum to keep your job as any effort beyond that will not be rewarded.

Accept that, and plan your actions to serve your own interests, not the bank's or your manager's interests.

The only stakeholders that matter to the current regime are the Shareholders and the executive management team.

I wish you all the best.

February, it's always mid-February...

Structurally, there are quite a lot at risk. First of all the number of people reporting to a manager is still too small in many org charts (because they only go through and make that change one org at a time). Secondly the ratio of non customer-facing to customer facing people is way off. However, even amongst the customer facing/revenue producing people the allocation of resources is way off with relatively far more sales people focused on smaller/lower margin portions of the
market than what would be found at other peer banks. The problem is that management are mo--ns who may or may not realize any of this.

@dp they're not going to do this many in a year because that would probably trigger a WARN and land them in the news. That's over 800 positions a month for 12 straight months. A few thousand scattered through the year is a lot more realistic. My guess is the biggest hits will be in customer service or roles that can be sent to India, Poland, or the Philippines.

Yes, they are laying off at least 10k positions in 2026.

(I’m not the ar poster), but from what I’ve heard, more remote workers will be impacted in 2026. I believe they are trying to move much closer to approved roles only, instead of a bunch of roles who were grandfathered as remote after Covid and RTO. Possibility of higher job grades only being in office as well.

I would just expect too that as more work gets streamlined and automated, there will be less of a need for duplicate roles. These layoffs will be in pockets and departments as needed.

@ar Oh please pick me! Pick me!!

@ar Do you have any info regarding in what areas and focus, for instance remote workers?

Likely yes, but nothing planned in terms of mass layoffs to trigger WARN. And of course pending any massive economic shifts.

But do anticipate the Journey to a Cat II bank will be full steam ahead in 2026.

January, not sure how many but that’s what I’m seeing. They are working on the list of people currently.