Does anyone not give sh*t about their job anymore? It’s a shame to see the hardworking get laid off while so many of the incompetent remain. Doesn’t matter how well you do, the only ones that seem to do well are the ones permanently attached to their boss’s you know what
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This isnt true. Ive seen plenty of managers laid off at our site. Our building is almost empty due to the layoffs and work from home. Off of the top of my head I can think of at least 5 managers that have been let go.
I'd be willing to bet the whole thing from stem to stern is being cleaned up and trimmed drown to merge with one of the big Canada Banks (CIBC) or one of the EU behemoths (Barclays), with the leadership in place now, Enable the Future is for shareholders, not employees and the excellence and culture of U.S. Bank as most knew it, exists in name only now.
Heard that U.S. Bank has been bought by China. Go figure that out. Feb. '2022, raised the min pay to $18 and Aug. '2022 to $20 where those who are making $20.01 to maybe $25 only gets 60 cents or a little bit more no matter how long you've been there. Unfairness, in equality and all others stuff is so bold now. Needless to say that management doesn't give a F...k! More so on the higher management and especially the CEO! Because if he did why not taking a cut for their millions of dollars pay and give it out to those loyal employees a much more appreciated hourly pay just to make a living? If they have a brain, they knew that even half of their pay cut couldn't make a dent to their lives but no, they do not care about another people but their own pocket. They don't care who they screwed for as long as they always have a stream of money and most of all, people nowadays are greedy that's you ever think to imagine. Good people were always be screwed. Incompetent people with good talks which has more confident and never fazed even caught with lies are more appreciated these days. That is why we are all going down to he-l. That is the harsh truth..
Does anyone see this company in business twenty years from now. They are outstanding at nothing. Industry leaders in nothing. Old technology and a tired old business model being led by an incompetent management team. Twenty years? How about ten or five years. Industry is changing fast and this company is circling the drain. Do they make out our current recession? Not getting a package can be bad too.
"population about the size of Texas"
California, right? Canada's population is about one or so million less than CA, 7.5 million more than Texas.
Walt just made the best post of the day below. Well done sir! That is exactly what will happen. US Bank is running out of water and is about to circle the drain. 3 years or less.
I could see the board, under pressure from their largest institutional shareholders, offloading its payments business in its entirety to a European based conglomerate, as current leadership continues to struggle with terrible hires, payments talent leaving quite rapidly, mediocre growth and a wholesale absence of any innovation, engaging and embarking on an ill advised proprietary BNPL solution long after the market is fully saturated with the originators already under the thumb and scrutiny of the CFPB.
The proceeds ought to cover the $8 billion debacle known as Union "Onion" Bank. Then turning right around and selling U.S. Bank in its entirety to one of the six large Canadian banks, all of which are at least 100 million larger than U.S. Bank, operating in a domestic environment and population about the size of Texas. The institutionals would get a sweet return on their investment, 15 years of value growth in the span of 24 months.
TOS middle management is the worst. They are so useless. Just there to stroke the egos of their bosses.
Let's be honest, the senior managers and middle managers at U.S. Bank are equally incompetent. The leadership and culture cultivated by these clowns is not great. When you think about U.S. Bank, does anything other than mediocrity come to mind? Sure, there are some awesome leaders, but they are the exception to the rule. And quite a few of them were let go as part of this "restructure". The future does not look bright for this bank. Are the executives preparing the bank to be bought out? Maybe.