That there are THIS many id–ts that work for a financial institution. Yeah, compensation is down. Does anyone care to think why? Hmm what happened in 2020 and how did they company perform? Oh that’s right, a global pandemic that was unplanned for that caused a 33% decrease in profit. And to think this only affected US Bank is naive and straight up mo–nic. Look up public info for other banks before you show your ignorance. I don’t like making less compensation, just like the next guy, but don’t be dumb about it.
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I like how OP has no idea how much money we made during and even specifically because of the pandemic. Ever heard of PPP loans? And you clearly never worked here, otherwise you’d know that several years before Covid, we already had very low salaries (and lackluster benefits) compared to competitors.
OP must be awfully stupid. The bank made a k–ling on PPP loans and then used covid as an excuse to make everything compensation based as non transparent as possible. If earnings were down 33% then why were bonuses down more than 50%? There is supposed to be a formula that determines bonuses and yet that mysteriously disappeared this year and $4 billion in stock buy backs were authorized instead. The bank is run by a bunch of unethical crooks
Those that are butt hurt because branches are getting closed and people are losing their jobs are just not seeing the full picture. While I don’t wish for anyone to lose their job you have to look overall how not only this pandemic affected us but these were plans that were put in place long before. Banking is changing and if you’re not willing to evolve with it then maybe this isn’t the position for you
Pandemic was unplanned for and Andy Cecere still gets his millions while laying off the people that worked their butts off in the branches during the height of covid. Then in October they say “oh your branch will be closed” f— us bank