Thread regarding U.S. Bank layoffs

@mc Sure. Layoffs are sometimes inevitable. But at least Davis had integrity, valued people and respected them rather than repeatedly gaslighting loyal employees over and over before sending them out the door.

@mc I think Davis would have been smart enough to not go through with the Union Bank deal, which would have avoided a lot of this.

@mc I think Davis would have been smart enough to not go through with the Union Bank deal, which would have avoided a lot of this.

@km as much as we all loved RKD, he’d never survive this market unfortunately. I’m not condoning the way layoffs are happening but that type of economy just doesn’t exist anymore. Which makes it even harder when we saw a leader who knew how to value people. RKD would know how to handle all of this with his people in mind - but layoffs would be unavoidable.

@ff it all started when Andy came on board. I will forever miss the days of Richard Davis and how he valued EVERYONE.

In the ten years I have worked here, there has always, always been layoffs. Some big, some not so big. Some I’m sure I never heard about because it was groups I never worked with. Layoffs have always been common for USB. We just hired someone who was laid off from here 7 years ago. It was a big layoff back then.

@ev that too (all perspective)

@c2 You mean, "under the radar"?

Layoff schedules often follow corporate earnings. Next earnings call is 4/16. If there are layoffs, they're likely later this week and earning next week so they can adjust expense projects for Q2/Q3 guidance.

If you make it through the third Wednesday of each month you're safe...

Forever layoffs = smaller layoffs = it’s how they stay “under the table”.

I continue to see on LinkedIn people who are reporting they were laid off. Not sure if they were included in the last few rounds or if this is another wave hitting.

There are no "rounds" unless it is big season for the reason. We are now in a "forever layoff" phase where smaller layoffs happen frequently.