Thread regarding U.S. Bank layoffs

I was about to comment on the original post just to say I wish it could be pinned at the top of the USB threads — it’s spot on.

There are a fair share of employees who have been let go because they're wa-kers; just business as usual. The true moral decay is in leadership targeting the highly skilled differentiators — the people who actually made this place competitive — because they’re seen as a threat to the Machiavellian oligarchy.

Off-shoring technical talent is paramount to the success of this trash strategy, because:

1.) the specialized, critical work will get done by qualified staff that aren't a threat to domestic leadership and won't ask too many questions, because they literally dgaf overseas. They are very well aware they're "cheap labor" with little to no opportunity for advancement anywhere within the company. Ultimately, USB will get what they pay for, but of course, the current regime will have strategically made their exits before this house of cards crumbles.

2.) in the current environmental, where Sr leaders must either eliminate positions or offshore them for pennies on the dollar to meet the MC's minimum expense cut mandate, they must also exceed the minimum cuts to create a budget to promote their cronies and themselves.

The corruption here is rampant. When I first started, I was genuinely proud to work for USB — motivated, loyal, fully invested in the company’s success. Now, 10 yrwe later, I feel like a chump. A role I’ve been working my ar-e off towards just opened up, and I didn’t even apply. Now that I see these jobs for what they really are (mostly scapegoats for senior leadership), I hscam no interest in joining the ranks just to do their dirty work and/or be guilty by association. I’m out.

I've been in banking for three decades. My advice to anyone new to the world of corporate finance: do your homework on what it really takes to get to the top, because it's not a strong work ethic, long (uncompensated) hours, mastering your skill set, nor loyalty to your team or company. Rather it's deception, backstabbing, gaslighting, nepotism/collusion ("networking"), gatekeeping, willful negligence, being wholly self-serving, and perpetuating the culture of a hostile work environment so subordinates distrust each other enough not to compare notes.

If you're driven to climb the corporate ladder but your morals and conscience prohibit you from profiteering by sabotaging others' professional reputations and undermining their lifetime achievements to mask your own ineptitude, I suggest you seek an alternative career path.

Thank you for coming to my TED Talk.

@ej

I’m willing to bet that those postings for your prior position that you’ve been seeing are for a lower salary and/or specific hub location. U.S. Bank has continued to layoff talent and experience to try and save a buck. You’d think they’d learn their lesson with how much this has backfired lately. But hey, at least we got Union Bank…

@ds

I suspect it will get worse until we are bought out by a larger company. I never thought the 5th largest bank in the US would ever have a chance of that happening. But I can totally see the current government not blocking a buyout, or a growing fintech company buying us for cheap.

On the money, the economy will turn or the bank will have to release poor earnings performance, the stock will tank and we'll get bought out. We were DEI'd and Bangalored simultaneously, no institution can survive both at once.

I was laid off from U.S. Bank in May 2025, after 11 years of service, In which I excelled, and was a processor III, and never got in trouble, I wasn't late, this had nothing to do with my performance, they also let go my supervisor and my supervisor's boss who was a V.P in operations, I'm assuming it was due to "business need", however when you combine my 2 tenure with U.S. Bank, I had worked for U.S. Bank for over 20 m years and they laid me off so easily, just like I was a fly on their shoulder that they just flicked off...And put my life in. Turmoil, financially and mentally and emotionally, And then I see U.S. Bank professor jobs listed on LinkedIn In, And I just want to.cry, ARGH, SUPER FRUSTRATING!...Ugh, I mean, I understand that a business has to do what they have to do...But it also seems extremely stupid to let go people that have been there for 11 years, whom have Excelled At the position, and knows the systems in and out and then you go and post new job openings for my exact job?...Why not swallow your pride and ask me to come back?, In the mean time, I have had to get loans from my mom to pay bills and the stress of 70 emails a day with new job options, trying to manage all of that is horrendous and I had to cash in one of my pensions to survive until I get a new job, which has NOT been easy, because AI rejects your application before the company even gets to see it...THE STRUGGLE IS REAL!!!...YIKES

@e6

Who harassed their subordinates? Kent Stone or John Elmore…those are the only names I can think of.

OP Translation: Make US Bank White Again

Easy to forget who started running this bank into the ground a few years ago, some of them drive-by executives who lay off, cut budget, then run off to another firm, and harass their subordinates - forgot that part

My manager and I have both been at the company for decades. All we talk about now is trying to survive until retirement (it's close for both of us). Every year it gets worse and not better, and I do not see it turning around any time soon. I suspect it will get worse until we are bought out by a larger company. I never thought the 5th largest bank in the US would ever have a chance of that happening. But I can totally see the current government not blocking a buyout, or a growing fintech company buying us for cheap.

Many engineering managers lack a deep understanding of their own infrastructure, yet they micromanage due to a lack of trust in the talented professionals they hired. Often, these managers are appointed through personal connections rather than merit, placing them in highly technical roles for which they are unqualified.

@a8 Under the "Layoffs likely next week" thread.

Where is that text from?