Thread regarding U.S. Bank layoffs

You are aware that banks are mandating it mostly based on the tax credit they receive for having employees vaccinated. It's substantial. You can't claim it's for the good of everyone when you are incentives driven

In surprised to even see HR doing damage control here especially that they let go of nearly all HR people… why cover up for the company that will axe you soon

I see HR is here doing their bluffs and scare tactics. Ha Ha.

The bank is in constant search on ways to eliminate high priced, dedicated employees with low price trainees or off shore. This is a RIF in different clothing. No severance package required. An HR and middle management dream.

"We do the right thing." was always a joke just like "Five Star Service, Guaranteed!"

The Vaccine "mandate" for bank employees is twofold. It separates the wheat from the chaff, so to speak. Those employees who will get vaccinated are deemed compliant and those who won't are rule breakers. This is an easy way to decide who to eliminate without having to pay out severance packages.

If you have good reason (like vaccine reactions in the past) there is no reason for them to target you. But remember that if you get COVID you will miss many days of work, may wind up in the hospital for weeks and may actually die. I personally know of one manager who adamantly refused to get the vaccine, was hospitalized for 6 weeks and finally died. He left a huge knowledge gap which is still reverberating 6 months later. You may think because you are a remote worker your personal choices should not be the bank's business but you are mistaken. Every instance of potential risk to the bank is critical to maintain operations.

Anyone who comes to this forum knows full well the bank is always looking for ways to get rid of long term employees they can replace with two new college graduates for about the same salary. They "do the right thing" whenever they raise the stock prices and make the shareholders/board lots of money; no matter what it costs the humans the bank employs.

There was also that severance email that went out around the same time. I envision many walk out from the bank in the next couple months over these illegal mandates. Disappointed is an understatement.

There is some sort of exception if remote workers work directly on federal contracts, but
I don't think that applies to many bank remote workers. (per OSHA ETC)

I consider the email more of a temper tantrum of the VCs not getting their way. There is no basis in law or policy.

Just makes me "check out" more with leadership like that.

US Bank is so very "woke".

The involved executives should resign or be fired on the spot, last time I checked U.S. Bank is still operating in the United States of America, no need to cower down to some woke bank regulatory framework carrying water for the federal government unless you plan on sending all of your customers and depositors, your employees and eventually your shareholders directly to other American banking and financial institutions.

Hope Warren Buffett and Charlie Munger have a copy of that email by now.

100% Remote workers clearly not in scope for testing or vaccine in the OSHA ETS. No doubt, full stop, not required.

The three executives signing that email are clearly wrong.

I'm embarrased to work at the bank.

I heard about this email and seen someone post on yammer about it. I was sick to my stomach to see this happening. So much for “we to the right thing” 🤮. So disturbed I also posted my resume online and started applying. Sickening because this is coercion.

Would expect nothing less from those m-orons

I heard it's causing a sh1t st0rm. Lots of 100% remote workers.

Just really poor form. Bad optics...