Thread regarding U.S. Bank layoffs

@an it's better for collaboration when you're in India.

@ae

Getting their work done at home?

Oh. My. God.

Clearly unacceptable on many levels and definitely in need of a strict crackdown. We certainly can't tolerate productivity unless it's done in an office like obedient little worker drones.

The biggest reason is USB stock has under-performed compared to peer banks since AC became CEO. And since they are not very creative, they fix this in the only way they know how: mass layoffs. The problem is layoffs are expensive and getting people to quit is much cheaper. And so the beatings will continue until morale improves.

I have to blame the board of directors too since they continue to pay these people 8 figures per year while they are doing a pi-s poor job.

I've heard from numerous people that one of the driving factors for the IP based tracking (Vs the old system of badge swipe tracking) is because quite a few people were taking advantage of it by swiping in, hanging out in the break room for 10 minutes, and then going home to work.

I just reported EB to the ethics line for arbitrarily altering annual goals on the fly & retroactively altering historic records.

This is patently unethical & I'm not playing their games anymore.

@a9 this one will hit hard, and not be forgotten. They’ve been pushing hybrid/HUB employees, including the replacement of many remote roles. Not a good first experience for those who came over, and the nail in the coffin for the prized workforce they have in HUB markets.

@a2 this doesn't matter because all they'll look at is engagement. They just pi---d the entire hybrid workforce off, again, and they'll use the high numbers of engagement to pay themselves on the back for a job well done.

Pretty straightforward, the reason why is a change in leadership. They picked someone who doesn’t value the culture that was built and has outdated/archaic leadership philosophies that have been proven ineffective time and again.

These are characteristics of pizz poor deplorable leadership and perhaps a further disconnect from the board of directors as a whole. USB is not growing fast enough and efficiently to generate the revenue to meet significant obligations coming in 2027 and also appeasing shareholder expectations regarding the expected rate of return for their investment.

Here’s the caveat though, the response rate as of last week was extremely low. So people hadn’t taken it yet or chose not to. They unleashed this mess while TTUS is still open - they are asking for a reaping now!

You can retake the survey!