Morale is gone, the apathy has set in, the energy, enthusiasm and engagement for all things U.S. Bank was lost a long time ago, primarily when the braintrust realized they could not afford Union Bank, but did not have the capability and integrity of admitting their mistake and terminate the acquisition.
It has been a rough ride ever since.
Interesting this has negative votes. It’s well understood that one of the big problems with M&A, especially when your company is being acquired, is that the best talent is most likely to leave.
The reasoning is simple: the most skilled employees will have much better options in the labor market than less skilled employees. Staying with a few that’s being acquired is risky. The risk minimizing approach is start looking for a new job and the strongest employees will be much more likely to receive offers (and leave).
UB employees are the worst and they caused all of this mess
I am a former UB employee & I don’t understand why you all USB legacy employees seem to think this is our fault. Do you think we asked for the merger? No we didn’t!!! We join USB and receive the worst “training” ever. We all have families and need this job just as much as you do. So if you want to blame anyone go talk to upper management and the executives.
Union employees were not promised high wages and two years retention commitment. You’re incorrect and should check your facts. The Union all stars as you call them are also employees who stayed on to finish their jobs and were promised jobs at US Bank because of their talent.
I am a former UB employee also and not sure why these posters keep saying UB employees didn’t get hit because of 2 years agreement.
My entire department was let go. And most of the people I know from UB were let go before conversion. Half that’ didn’t lose their job, ended up losing their job 6 months later when they decided to move jobs to Tempe or other lower cost area.
The only 2 years agreement they have with UB was they promised the branch employees. No branch would close and they wouldn’t lose their jobs.
I don’t think they kept their promises because they ended up closing a lot of branches and Told the branch employees you can keep your job, if you are willing to travel 60 miles to work at the closest branch.
@zrk+1v2BOG0z - Ops Risk?
Hi I’m a Legacy Union Bank employee. Most of us did not get offered jobs at USB. Those that did were branch employees and some IT folks. It sounds like reading these comments most USB employees aren’t aware of that but that’s the truth. I worked in the UB mortgage headquarters in San Diego and only one small data integrity team and data reporting team were picked up. All of mortgage operations and sales were laid off as well as IT staff with the exception of the above. I interviewed for a job at USB and was hired in June last year, however I got laid off yesterday. I was told my job was eliminated however I had only been there just over a year. I worked in the mortgage change management org. There were others in my org who were also impacted but I’m not sure how many.
According to what Andy said before the UB deal closed, he said bank would be able to reduce expenses by 40% from UB acquisition .
Some of the expenses are from technology savings, but majority of that 40% expense reduction is from workforce reduction.
There is going to be a lot more layoff in orde to hit that 40% expense reductions.
Andy is on his way out , so he’s going to keep cutting so he can get that one last big bonus for layoff, that’s what McKinsey consultants probably recommended
It took about 20 months to get approval from Washington and Tokyo to do the Union Bank deal. During that 20 months, the all-stars at Union found better opportunities and left.
Highly talented people always have choices, and USB got the leftovers when they closed the deal.
Dead weight from Union was mostly branch employees not doing anything, overpriced business department employees who booked cr-ppy loans…. They all get to keep their jobs since they are on a 2 year commitment …. That’s the dead weight! Some of these Union emps just sit back and gather a paycheck
Look at who is being let go…. Legacy USB emps.
Wake up and smell the BS that the Union deal had on USB
TTUS q3 results were supposed to be distributed this week - can’t wait to see how bad they are. I don’t know if anyone will care though
So confused by all of the Union Bank comments. I’ve been at U.S. Bank for many years and I don’t see the issues in Digital.
Where is all of this dead weight you are yammering on about in our org? Thanks!
Right on. If U.S. Bank leadership wants to do the cr-ppy things they have been doing, then at the very least they shouldn't claim the bank is ethical. Say what you want about Wells Fargo, at least they don't purchase ethisphere award like U.S. Bank has all these years.
The post above is spot on, Union brought over a lot of deadweight more specifically on the managerial level. These were people that were not “chosen” to stay at Union with their clicky environment. Smoking mirrors and crying wolf about being busy was the union culture, bringing it here, crying resources and USBank is listening like it’s gospel. Pretty sad to see.
I’ve never felt less like a person this year to this company. Ever since they acquired Union Bank it’s all been downhill since then. Now I just go day to day wondering if I’m going to be next. I just saw some of my teammates informed they will be let go and I can just see the impending workload avalanche that is going to fall on those of us that are left in the coming months.
I get cuts happen at every company but to see them discard people like they’re nothing when they talk all this nonsense about how they care about their employees is gross. Leadership is not to be trusted at this company and the employees are the ones that pay for their bad decisions. The culture has been poisoned but they will never care.
Morale, what a word that should not be used in the sentence as ISB. The moment you hear BS on calls , earrings report spike higher, and the message senior leadership is blabbing…..
departments are dwelling down to nothing. I’ve heard and seen jobs be outsourced to other foreign countries ( don’t call IT - language barrier is horrible) and jobs moved to LMI states where you don’t have the red tape like CA, OR and WA have. Look who’s at the wheel, taking and giving out large salaries to people that are blowing more crude at the wall and hoping something sticks
It’s been gone since they realized the sh** storm they acquired was smoke and mirrors. I would say instead of laying of tenure hard working employees, layoff the dead weight of Union, oh wait…. They were all promised high wages and two years retention commitment.