Thread regarding U.S. Bank layoffs

“Dismantled, Disregarded, and Disrespected

It’s beyond frustrating to watch how remote employees — many of whom have dedicated years to this company — are being slowly frozen out. If leadership has already decided that remote workers outside a few select hubs have no future here, the right thing to do is be transparent and offer severance, not string people along with empty promises and blocked opportunities.

They’ve dismantled Tech Risk under the guise of org consolidation and pushed everything into the new Corporate Functions structure. Fine. But now, they’re openly saying they’ll only hire into this “new” org if you’re located in Minneapolis, Charlotte, or New York. Translation: if you’re not physically near a hub, your career progression stops here — and you can’t even apply for internal roles.

No options. No support. Just silence.

The message is loud and clear — and it’s incredibly disrespectful to the people who’ve been loyal through tough times, reorgs, and chaos. If you’re going to treat remote employees like they don’t exist, at least have the decency to let them go with dignity — not hang them out to dry while pretending everything’s business as usual.


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| 4993 views | | 23 replies (last October 1) | Reply
Post ID: @OP+1k64dwt8t

23 replies (most recent on top)

There you are, completely helpless with no agency. Being forced to work at a company with no ability to do anything about it...trapped. Don't they understand you should be able to do whatever you want? Don't they understand you working for their company is a human right? I'm so sorry this is happening to you...if only you could make your own decisions about your life...but no, US Bank remains in control of you. Sad.

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Post ID: @yc+1k64dwt8t

@c8 You're not wrong. Unfortunately, it's now top-heavy with Sr leadership who know little to nothing about banking regulations outside of AML/BSA. Best of luck to them with all the bridges they've burned with top talent.

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Post ID: @wn+1k64dwt8t

@t7 They're just butt hurt because they weren't done using you yet. After you put in your notice, they treat you exactly as they think of the value you provide - insignificant. If you're not earning their bonuses for them you're nothing to them.

Plus attrition of high performers with Exceeds Expectations ratings are reported as "regrettable losses" and it's a ding to leadership performance. It's no wonder so many high performers were downgraded to Meets Expectations while still consistently exceeding. Gotta bury that reporting somehow. This whole company is a sham.

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Post ID: @wm+1k64dwt8t

@t7 Same here.

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Post ID: @tn+1k64dwt8t

I was a remote and high performance employee. I left do the same. No point of complaining or hoping. They don’t care for you. As soon as I gave notice it was clear that they didn’t even try to keep me. All went cold and aggressive like I insulted them.

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Post ID: @t7+1k64dwt8t

@q9 Tech risk in theory is a great idea. The implementation at this company is based on numbers, not reality however. This leads to a lack of leadership caring about the purpose of security just to make sure they get by to the next day. It drives a toxic culture between leaders and everyone inside and outside the org.

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Post ID: @sa+1k64dwt8t

@hz I'm right there with you, but sounds like I'm probably one step ahead in the process.

Unfortunately, the only package this path leads to is an expedited PIP with unachievable expectations. Ask me how I know... Are you able to share any of the tactics your leadership is using against you, without exposing your identity? I'd love to compare notes.

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Post ID: @qv+1k64dwt8t

@dp

Why? Please explain why Tech Risk is more worthless than any other dept in the bank? Serious question.
Is it leadership, strategy, processes, or just general outcomes of their completed projects?

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Post ID: @q9+1k64dwt8t

@ew funny you mention “Pennsylvania”. Our CEO resides in Pittsburgh!

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Post ID: @jk+1k64dwt8t

Remote employee here. Can attest that the bank is doing everything it can to make my job miserable and force me out. Like it’s actually really ballsy/mind blowing the moves they are making on me. Just waiting for my package to leave. In the meantime, learning not to take it personally and just take the paycheck and benefits while I can. He-l, might pick up another job and work this one at the same time since apparently I’m of no use to them anymore. 🤣

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Post ID: @hz+1k64dwt8t

@ew this is such a d-mb and willfully ignorant question. If we can have contractors in India and FTEs in Poland, they can hire from wherever they damn well want to. We had a large remote workforce for years and the bank survived. Whatever argument you're trying to pose here, you already missed the mark.

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Post ID: @fa+1k64dwt8t

Serious question. Let’s say I want to go work for Apple or Microsoft. Do I expect them to hire me if I don’t live in San Francisco or Seattle? Why would someone living in Utah or Connecticut or Pennsylvania expect to have a job at U.S. Bank, a Minneapolis based company?

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Post ID: @ew+1k64dwt8t

If Tech Risk is responsible for creating the layers of red tape and extra steps we have to deal with that is time-consuming and draining, then good bye

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Post ID: @eg+1k64dwt8t

@d1

You must not understand Corporate Compliance if you think it is all regulatory forms and disclosures. You’re probably thinking of AML.

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Post ID: @e6+1k64dwt8t

Tech risk might be one of the most useless departments at the bank.

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Post ID: @dp+1k64dwt8t

I do believe the writing is on the wall, it may take a couple of years, but eventually it will get to critical mass by laying off remote when they can and will basically tell the remaining 10-15% of employees that are remote to move or take a package. It happened with my buddy at his bank when they did this entire hub strategy thing

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Post ID: @d8+1k64dwt8t

@c8

There is a wholesale glut of bank regulatory and compliance talent in and around Charlotte, much of it spun off BoA and Truist ranks and the other financial institutions' pioneer outposts and operational environments there in the Queen City. Helps keep the costs of running those offices lower as most of those positions are simple commodities, enough people in the market and out of work to plug and play, as the regulatory forms and disclosures are essentially the same for all of the big banks.

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Post ID: @d1+1k64dwt8t

No the real issue he's highly discriminate people who are already in one of the 20 plus hubs. These id--t hiring managers demand that what they're hiring for is only in their hub.

The rule should be for internal candidates, if you're in ANY hub, and you're qualified, you should get the job. I'm tired of these id--t hiring managers who say well sorry you don't live in the right hub you don't count, that's the real problem.

I can understand limiting the number of hubs for external candidates but internal?

If you're a hiring manager and you tell somebody who's not in your hub they're not counted because of where they live, because they live in the WRONG hub, you are trash. You su-k at leadership.

IF REQUIRING HUMAN BODIES TO BE ALL IN THE SAME BUILDING WAS MANDATORY FOR THIS COMPANY TO SUCCEED, THIS COMPANY WOULD EMPLOY ONLY IN MINNEAPOLIS AND NOT IN TEXAS OR PORTLAND OR IRELAND OR INDIA. AND YET THIS COMPANY SUCCEEDS WITH PEOPLE ALL OVER THE WORLD.

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Post ID: @cb+1k64dwt8t

@ah

CC is now located in Charlotte as I’m seeing evidence that they disfavor candidates in other hubs in favor of Charlotte.

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Post ID: @c8+1k64dwt8t

It's no secret in CC anymore. They've botched enough PIP constructive discharges that the CCO finally openly announced that remote employees applying for internal positions have to move to a hub, and eliminations will target remote employees first. The BS they fed you in the beginning about equal opportunity for career advancement was just a carrot on a stick to string you along for as long as they needed to use you to their advantage.

To anyone in a protected class who was hybrid but got switched to remote because you live outside the hub radius, and subsequently had your position eliminated, find an employment law attorney/firm that does free consultations and make an appointment. A neutral policy can have a significantly disproportionate negative impact without evidence of discriminatory intent.

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Post ID: @ah+1k64dwt8t

that su-ks.. at that point just start looking for a new job

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Post ID: @ag+1k64dwt8t

Not Atlanta? CO?

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Post ID: @a7+1k64dwt8t

@OP

I don’t get the sense there is any pretending going on anymore, we are well past that point. You’re either in or you’re out. Sounds like you’re out.

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Post ID: @a5+1k64dwt8t

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