Bring on the layoffs and reorgs… been hearing rumors for several months and just ready to find out my path heading towards 2026. Best of luck everyone.
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Well, the head of payments is being moved to a new business line under Dom V in digital. If that isn’t a big move that was necessary, I don’t know what to tell you
How are we like all the big banks? All the big banks are showing records profits, improved market capitalization and big bank analysts are downgrading USB stock.
Credit risk here, picked off today. Not in a hub was the reason. Shame on me!
I was vaporized as well, in MPS, been with the company for years. It hurts, I thought I would retire here and now they’ve got 20 year olds doing my job.
@hj what are they basing it off of? Are they going by performance? Pay? Years of service? Location? It seems so random.
Checking in from risk in MSP, terminated today, over a decade of experience in compliance, and I’m gone. Prior to that I was with another massive bank located here, and I moved here because it seemed normal and unlike a big bank. I guess we are a big bank now, though I no longer get to use the word “we.”
Any news for the credit card division? I am in ACAPS and work with the credit card (ICS) group, there is a lot of waste. They could probably layoff half the group
@h9 don’t leave us hanging!
Yes, there will be some changes at MPS that were long overdue,
Any news from MPS (Elavon)? Several people within my org have heard rumblings of reorganization for the last few weeks.
I have great empathy for victims being let go. Ageism is alive and well. No one will claim to have lost a good job though. You lost a job with high stress, little chance of success, zero training, impossible deadlines, plenty of unhappiness all around. A management team who hates their own jobs and all their subordinates. A kiss a-s culture wrapped in total incompetency.
I was just liquidated. Charlotte, 6 years with bank, risk management. I’m sure I’ll be OK but the people who are allowed to stay don’t do any work, they just self promote.
Rto isn't about collaboration.....it's to get you to quit.
Its pretty obvious they don't have a long term plan.
How much time are they giving people? Effective immediately or end of month/year?
Gunjan email - NOTHING TO WORRY ABOUT Y'ALL
There were a lot of cuts in risk management today. JR positions them as enabling growth for the future. My concern with that is that many of the decisions JR made over the past several years have the bank in this position and now all we are doing is replacing experience with someone who is younger and cheaper. That doesn’t sound like positioning us for the future, and JR needs to take some accountability for the position that she put this in that caused her to lay off to 30% of her area. Disgraceful.
@dt where and did they give a reason why or what they are looking at?
@dt I’m so sorry. Can I ask which group?
That Gunjan email today was about the most ominous sounding thing ever.
They just fried me. 18 years at the bank, extraordinary performance ratings all but two years. Leading the charge on RTO, and now I’m toast and my duties have been shifted to a late 20s fembot.
@dk the previous replies in the thread I saw that aren’t present were just junk nonsense and not anything of substance
There's another thread with the exact same title. That might be where the chatter is being discussed.
@dj Absolutely, timing is very suspect.
Mods are deleting posts. There were several posts in this thread and now only 1.
Expecting tomorrow to be the start of an ugly week. Way too much smoke for there to not be a fire and I think it will be company wide with certain areas impacted more than others but no one area truly safe.