Thread regarding U.S. Bank layoffs

Smart Layoffs!! What’s HR thinking heres the solution

Here is a suggestion for consideration as part of ongoing cost-reduction and efficiency efforts.

Within several teams, there are small groups—typically two to four individuals—who work outside of the primary states where the majority of their coworkers and leadership are located. Maintaining these limited out-of-state positions appears to add unnecessary expense and complexity without providing a clear operational advantage.

From a financial standpoint, consolidating roles within the main operational states would reduce costs related to remote support, fragmented oversight, and administrative inefficiencies. From an operational perspective, having teams centralized in the same geographic areas improves communication, accountability, collaboration, and leadership effectiveness.

Given the small number of employees involved in these out-of-state groups, eliminating or consolidating these positions would likely result in meaningful savings with minimal disruption to overall productivity. This approach would also create more consistency across teams and allow resources to be allocated where they are most impactful.

This feedback is posted respectfully and with the intent of supporting long-term financial responsibility and organizational efficiency.


#HR
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| 2161 views | | 6 replies (last January 23) | Reply
Post ID: @OP+1kfhgp2f0

6 replies (most recent on top)

What’s considered primary state? Minnesota and that’s about it. Good luck finding talent in the crazy Minneapolis area in midst of their civil uprising. Tamp-n Tim and his wife love the smell of the city burning if I recall correctly. Go and hire all those weirdos.

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Post ID: @f9+1kfhgp2f0

“ This feedback is ChatGPT slop and absolute rage bait.”

There, fixed it for you.

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Post ID: @ay+1kfhgp2f0

Speaking of finding ‘efficiencies’, let’s all remember the bloated salaries of the executive board, while we all figure out how to keep a roof over our heads. Good thing they went after people making 100k a year to lay off. Whew. Smart Layoffs, am I right?!? ——As President at US BANCORP, Gunjan Kedia made $9,912,342 in total compensation. Of this total $930,770 was received as a salary, $2,292,267 was received as a bonus, $0 was received in stock options, $6,499,995 was awarded as stock and $189,310 came from other types of compensation.

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Post ID: @ab+1kfhgp2f0

@a4 Exactly. I hear that goals for 2026 will be "ambitious". What's the point OP working our as--s off, and the bank does well in the Q4 2026 results (and the whole year 2026 results) only to get laid off, and if we are "lucky" to still be around, we get cr-p raises and bonuses? If you are HR @OP then tell Matt I. (or whoever is in charge of comp) to fix your own problems first and stop pretending we "put people first" and we "pay for performance" because CLEARLY the data says otherwise. We are done with the gaslighting and McKensey fresh off the boat CEO and India first "U.S." Bank.

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Post ID: @a5+1kfhgp2f0

Is money a problem for the bank? Is cost cutting by laying employees off a necessary solution? Based on the recent earnings data the answer seems to be a resounding NO.

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Post ID: @a4+1kfhgp2f0

Location by itself isn’t a great indicator of cost or productivity. A lot of out-of-state folks were hired because they had hard-to-replace skills, deep context, or filled gaps that couldn’t be covered locally. Cutting those roles often looks cheap on paper but ends up costing more later through lost knowledge, slower delivery, or expensive rehiring.

There’s also a risk of confusing visibility with effectiveness. Distributed team members can still be highly accountable and productive, especially when work is already outcome-based. In some cases, time-zone spread actually improves coverage and responsiveness rather than hurting it.

Another concern is morale and optics. Eliminating a small, clearly defined group based mostly on location can feel arbitrary, even if that’s not the intent. That kind of move tends to ripple beyond the people directly impacted and can push strong performers to start looking elsewhere.

Bottom line: remote people or people spread out WORKED and still WORKS! As long as they are on the same hemisphere of the globe, not 12 hours apart. We proved that from 2020 to 2022 during covid years before "genius" leaders who never worked a real job in their life (McKensey cough cough) thinks they know how to do a front line job.

The lack of common sense with these leaders, it's astounding this company is still alive.

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Post ID: @a1+1kfhgp2f0

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