Thread regarding U.S. Bank layoffs

Back to toxic culture, it is much broader than the technology area. Audit is a pit of snakes and a leaderless one at that. And risk seems to get more incompetent by the day, with the primary focus of JR and her leadership team being to preserve status quo (I.e. continue to draw huge paychecks).

How much would you like to bet that Indians firms are paying bribes to USB execs? G.K. may want to keep execs on a tight lease when it’s comes to “negotiating” RFP’s with Indian firms.

Okay let's call it like it is both of you are biased. One a white man who can't see past color and the other an Indian person who also can't see past his own culture. No matter purple white brown or green, whether born in India, Canada,or Maple Grove. Dilip is a horrible leader who exhibits blatant favoritism. If that is is background he is very judgemental. I have seen him in action. The Technology area is in horrible shape because of his in decisiveness and need for petty revenge. He has done a horrible job. Turn over is constant and the man makes 1 decision 11 times then blames others when it goes wrong. He wants to run the bank like Google. He may be successful with Tech companies but not in a bank environment. His one priority is sending jobs back to his home country. His first priority is not the bank nor what is good for this country. So stop being racist and just speak facts. We don't care about how he grew up or what schools he attended if he can execute cloud migration after being in that role for nearly 2 years. The constant turn over of his directs really tells the story.

@q1+1jrbccax9 Do you drive a RAM gas guzzler for your white collar desk job? See! Anyone can play the game.

Man, you are a very judgmental and petty person based on your posts.

“Envious? No. Annoyed, if anything. I’d rather take the executive who was raised by a single mom, working 3 jobs that had to make it on their own. Merit, grit, resilience over pedigree.”

Who says one can’t have both pedigree AND merit, grit and resilience? As an immigrant from a third world country, I can only imagine the amount of merit, grit and resilience Dilip needed to get those pedigrees. Your follow up post confirms your envy and it’s definitely annoying to rest of us. Then again it’s people like you with your attitude, arrogance and fixed mindset that are causing the toxic culture at the bank which is the premise of this thread.

I’ve wasted too much time with you fully knowing you aren’t the type who will ever get it so not going to respond to you anymore.

McKinsey and the other consulting firms should be tried by the DOJ for RICO.

Many of these L3s and L4s have built their own little cults. As long as you stay in line and follow their narrative, you're safe. But the moment you question or challenge the system, you're sidelined or dismissed - doesn’t matter if you actually know your work or not. Competence takes a backseat to compliance.

I hope some of the occasional US Bank job applicants see this thread lmao. Could help them make their decision

@q1+1jrbccax9

You decry the harms of some specific companies, but the social harm done by banks like U.S. Bank is irrefutable. You're working in the same sphere as those companies you named. Where did the loans used to scale up Purdue come from? Where did the loans Enron shifted liability for to Raptor come from? Who forecloses on the homes and creates homeless people? Where does the capital necessary for defense companies to scale come from? The business you're working in produces similar levels of social harm to McKinsey, Purdue, Enron, Boeing, and so on, this accusation that "these leaders don't belong here because they do bad things" applies doubly to all banking leadership.

Discontentment and whining amongst tech L4's / SVP's attending Dilip's off-site I suspect.

Mildly entertaining. Please carry on.

Isnt that the problem? @jd+1jrbccax9

Sheeple of Society believe that there is value in degrees from Ivy Leagues and that employment at places such as McKinsey is an “accomplishment”. Aren’t those the same executives and consultants that were employed at places such as Boeing, Purdue Pharmaceutical, Enron and countless others that have resulted in ruining countless lives, all in exchange for profits? Aren’t these folks the ones who “transformed” healthcare and private insurance to deny people the services that they pay for? How about the corruption and tax evasion policies enacted by these individuals in politics, across the world? McKinsey is under investigation by countless legal entities and an history of employment there is impressive to you?

Envious? No. Annoyed, if anything. I’d rather take the executive who was raised by a single mom, working 3 jobs that had to make it on their own. Merit, grit, resilience over pedigree.

Ps. Do you drive a Tesla?

There's definitely two completely different reasons people are giving for the culture being bad. One's from the old fogeys who miss the managers they had 10 years ago, and the other is people who come into the bank with experience from outside the bank and don't like the dumpster fire of byzantine internal politics, how trying to find anyone who will take any responsibility is like playing a game of hot potato, and all the other baggage that the old fogeys keep around making life miserable for everyone around them.

Culture here su-ks. Smells of an old white dude club in every possible way. Ironically, long timers who haven't been anywhere else for a couple decades think it is a great place to work. haha!

No racist posts please. Racism is fine though. LOL!

No need to start making racist posts.

Tell ya the culture I'm seeing ...

White guy - "Harvard is da bo-b! You can recognize a Harvard Man when you see one ... "
Brown guy - "I have a Harvard degree"
White guy - "Oh! Well it is not about book smart you know. It is all about leadership and vision"
Brown guy - "I know. I have a MBA from Harvard and worked at world class companies like Google, PayPal, MC and McKinsey ..."
White guy - "Zuck, Gates and Jobs all have no degrees. It is all about conviction ... blah blah blah"
Brown guy -
White guy - Ugh. So much nepotism!

Ya, bank is done. It is rotting from within.

LOL! Having a degree not to mention 3 elite ones proves way more than not having one or something from a local college. If you think the culture at the bank is worse now then wait until the ones with English/Psych majors from no name colleges take the reins.

Zuckerberg & Gates both were accepted to Harvard and Jobs at Reed college. Neither graduated because they all started future big companies. Not because they wanted to be cog in a wheel at some podunk bank …

Having a degree doesn’t prove much. You can be book smart, but real success at work requires street smarts—being able to navigate challenges, make quick decisions, and surround yourself with the right people who can drive outcomes. Leadership is about decisiveness and vision. As the saying goes, if you hire clowns, you end up running a circus. The first step is to clear out the clowns.
People like Zuckerberg, Gates, and Jobs didn’t have fancy degrees, but they had clarity, conviction, and the ability to execute. That’s what really matters.

"The guy has a degree in electrical engineering from India and served at McKinsey. A few ‘advisor’ gigs here and there, sold some startups and supposedly a MBA from Harvard.

You get what you pay for and you get the leader you decide to show up for."

@ds+1jrbccax9 not saying Dilip is flawless but your post reeks of envy. Why? Because getting accepted in to institutions like IIT (BSEE), Rice (MSEE) and Harvard (MBA) is simply put an exceedingly exceptional marathon of achievements. I dare you to find another executive at the bank with half those credentials.

Also, those "gigs here and there" include Director at Google and VP at PayPal not to mention a McKinsey alum (which I despise but not going to undermine the achievement to get that job) and advisory at MasterCard.

IMHO he has been the best CIO for the past 15 years (at least that is my tenure here) with higher levels of transparency than anyone else who occupied that office. But yes, the banks culture is so rotten that even he cannot save it from itself.

Modern infrastructure? At the bank?

It's a culture where failure is rewarded, and success gets you punished.

There is a d-mbbell TOS manager who believes every problem in the world can be solved with a spreadsheet. Every TOS manager of managers should be immediately booted. Such incredible incompetence for over a decade each. They are the problem.

The CIO, and the majority of his directs (very few exceptions) are clueless on technology and culture…. I am hoping the new CEO can see that. When you think about it, the current TOS leadership has over a century tenure in the bank…their policies are close door, don’t to talk to anyone above me, etc….

Their town hall is a joke, full of bologna….

The guy has a degree in electrical engineering from India and served at McKinsey. A few ‘advisor’ gigs here and there, sold some startups and supposedly a MBA from Harvard.

You get what you pay for and you get the leader you decide to show up for.

The whole TOS organization leadership needs to cleared out with some new blood.

Noticed how AC, PP, and QK from technology communicate? They come across more like high schoolers than professionals, treating their subordinates like garbage. They've placed their loyalists strategically, so anyone who raises concerns is quickly shut down. This place feels like it will implode the moment the market improves. The fact that DV doesn’t recognize any of this says a lot about his leadership. In the end, it's all about personal gain and mutual back-scratching.

The crazy thing is that from what I can tell, the culture in the bank's tech groups has never been good, except for maybe a few acquisitions. The long timers who have been around a while are stuck in the mid 2000s in terms of their technical ability, and I know a few people who were at the bank in like 2010, and what they described is very similar to what's going on today.