Honestly FU-K YOU Gunjan. That’s all I am getting from her announcement is that she will fu-k us all over majorly.
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@gxw+1uez3xqY well we know on what side of history people like you fall into. Shame. Obedience isn’t a virtue. Falling inline with awful toxic people isn’t cute
Morale is gone, the apathy has set in, the energy, enthusiasm and engagement for all things U.S. Bank was lost a long time ago, primarily when the braintrust realized they could not afford Union Bank, but did not have the capability and integrity of admitting their mistake and terminate the acquisition. It has been a rough ride ever since.
I took this as a giant middle finger to everyone returning to office and the typical comments of higher up leadership st-----g themselves off saying that change is good and basically to su-k it up. Morale is down. People can't be committed to jobs when they see multiple people from teams being layed off.
I am in a non-revenue department. That email does not bode well for any of us. Working at USB is stressful now. Morale is low, RTO is mismanaged, and news that should be disseminated across the company has to be found on job gossip boards. Good luck to us all.
I thought I would give GK a chance but now I’m furious. Be gone you wicked witch.
Non-revenue department here. Also did not receive this email.
I left USB over a year ago due to the lack of leadership and constant reorganizations. No severance, just found a happier home. I don’t come back to this website much anymore but when I do and see comments like this, it reaffirms my reasoning on why I left.
I knew GK and remember meeting her the first week she came on board. I never was very impressed with her leadership or out of touch e-mails. After RD left (who is now on the stage coach at WF), USB has gone down the tubes. I do feel a little sorry for those of you still working there hoping one day things will get better.
Good luck with the next reorg and round of layoffs…
“ The weeks ahead will bring a number of events that allow us to get closer to our clients and deepen relationships.”
Sounds like consultant speak for we’re flattening the org chart, I.e., restructuring and layoffs.
Never understood how GK got hired as a VC for Wealth and am equally perplexed that she’s ascended to the role of President. She has never been successful in her previous leadership roles at USB nor has she demonstrated any talent for leading and motivating people. She is tone deaf and lacks any understanding of the actual businesses she previously ran or is now in charge of. She’s just a consultant posing as a bank executive. It’s actually kind of pathetic.
Shareholders have only lost money under AC and his terrible leadership decisions. GK is just another example of a long string of failures under this exec team and the board should hold them accountable, remove them and bring in a competent C suite.
I'm in a non-revenue function, and while the email itself sounds extremely generic and tone-deaf (does it have a point really?), the more offensive/frustrating thing is that non-revenue functions weren't included. What happened to 'One US Bank'?
This has been edited to remove names, locations, and some details for brevity but this was the gist of GK's email for those who were asking for it and didn't receive it:
Subject line: Change is in the air
Dear Colleagues,
Labor Day always signals a distinct change—the sweltering heat of summer gets mixed with some crisp fall days, and the pace of life clearly picks up. Children head back to school, and our workdays are full of activity.
It's a busy September for us following ACs Senior Leadership meeting, where we discussed plans for growing our business while maintaining our company's culture. The weeks ahead will bring a number of events that allow us to get closer to our clients and deepen relationships. We'll host our first Investor Day since 2019, as well as our Consultant Day, designed to drive connections with institutional clients. Our annual CBB offsite is on the schedule, and much more will be packed into the fall months.
In my conversations with leaders and teams, I'm hearing quite a bit about the accelerating pace of change: our RTO policies, our REH strategy, our new growth strategies that include two significant partnerships, and several organizational realignments. All of these changes are occurring in the context of an extraordinary election year and significant geopolitical challenges. Sometimes, change can be difficult.
Over the years, I have developed six habits that help me navigate change while maintaining optimism and personal well-being: fresh air, sleep, exercise, laughter, friendships and food. I asked some of our revenue line leaders to share how they deal with change and found their answers to be fascinating. I know you will enjoy their advice as much as I did.
[9 quotes from different heads of WM, Branch Banking, GCT, ICG, WCIB, Consumer & BB Products, CAO and CPO of WCIB, MPS, Consumer Lending]
Abraham Maslow, the psychologist who gave us the "Hierarchy of Needs" said something that resonates with me: "One can choose to go back toward safety or forward toward growth. Growth must be chosen again and again; fear must be overcome again and again."
Change, like the autumn weather, is in the air; let us move forward with confidence. As always, I'm grateful for your hard work and dedication on behalf of our clients and our company. I look forward to finishing the year strong.
Think about this for a moment. What happens if we merge with someone like Truist. It may solve the capital issues we have and the lock on lending . We still owe $8B to MUFG for UnionBank . We have a board member from SunTrust. Wonder what Gunjan( Gunjadin)’s golden parachute is worth. You know she won’t be the head of a bigger bank. The only way AC gets closer to the Big 4 is to merge with Truist or buy up the next Top 20 banks .
Interesting way she is spinning this obviously gaslighting in a bullying way because Gunjan’s work location hasn’t changed. She still has her private office, same as pre hub days and she has the nerve to speak about accepting change. Someone knock her off her pedestal. She did not have to change anything. Everything stayed the same for her except her salary grew many millions higher.
On the bright side, at least AC appears to have stopped his monthly emails. Tired of his cr-p, like the time he claimed that he reads EVERY survey that is submitted...obvious lie.
No esoteric quotes from AC, SK nor Tim Welch nor their impressions of change.
GK famously said last year in a quarterly call that return to office was a necessary and valuable employee experience from the den of her Arizona home overlooking the desert with the team camera on.
Told y’all she is way more out of tune than AC.
Just be ready for Change aka doing the work of 3 people for same pay after they lay off your co workers.
But it’s all good, change is good. According to her and all the seniors execs
What a joke
I’ve been busy all day but looking at this email now and shaking my head in disbelief. How maddening. She seems even worse than AC.
I didn’t get this email but if it’s tone deaf like I’m seeing in all of the other comments it’s not a surprise. All I’ve seen since the merger is this company despite what they claim cares zero about their employees well being. They lie we’re all just numbers.
This email was a kick in the a$$ when everyone is down to begin with! Worst thing I have ever seen leadership do in my 30 plus years here. Just rip the bandaid off and tell us which areas are leaving. So disappointing
All the quotes from senior exec show how out of tune they are since they aren’t impacted by layoff
Basically, if we don’t get layoff, we have to do the work of the layoff person too, for the same pay
And if you don’t like the changes, they don’t care. Su-k it up, work to death because you’re lucky to have a job is their message
Message said this went out to all revenue team and partners, so not everyone received this depressing email
Just give me my severance, so tired of seeing this formerly great place to work at become a place where we are just waiting for a layoff because your work doesn’t matter. Only cutting expenses matter
The best way to handle this is to take a picture of the message. Then, type up the key points in a note and share them in this chat. It might take a bit of effort, but it would be very helpful for those of us who don’t have access to the email.
So this was an email sent to those who received the bad news of layoff?? I’m asking because such an email could not possibly have something cruel as “change is in the air …” etc. I’m confused.
It will not allow to post her email as it says it’s not allowed to paste organizational info here.
I almost threw up as I read her email. Feeling so nauseous I can’t function.
Post the email!
I saw this email with all the quotes from upper management and it is the most tone deaf thing I think I've ever read. Sure it's nice to talk about balance when you're not impacted by any of the bullsh*t from your mandates and reorgs.
Each time I hear her speak I think, “she couldn’t possibly be more out of touch and tone deaf.” But she keeps on proving me wrong. Way to raise the bar, GK.
Truly embarrassing leadership from the top down.
U.S. Bank trims no fat, only muscle
The very best news, your job will be 100% safe. The bad news is that your Hub is now in India. Good luck house shopping. I
@gxw You forgot to say "Pleae do the needful".
Hello Everyone, chill out. she is doing her job just like the rest of us. She also has a boss to answer and to and follow orders. The dust from the merger with UB has settled, now it’s time to trim more fats and trim some more to stay lean. Just keep on producing at your level and pray that we remain an FTE at the end of 2024 and beyond. So stop the gaslighting and keep your lighters in your pockets!
Can someone cut and paste it here?
I got sick when I saw her email
Sick sick sick
She’s going to lay us off and not feel anything
McKinsey must have told her change is good, aka outsourcing to India and layoff
I haven't seen this email. Was it to a specific group?
Is this memo on the intranet or did it arrive via email?
What it said to me was: "Are you READY for LAYOFFFFFFFFFFFFFFFFFFFFFF"
I’m just so disturbed by all of this and my severance would be about a months time. I hope the winds of change are flowing ever so fiercely and knock her down into her own vomit.
I found it very tone deaf. It's easier to rally around change when a) you are the one driving it and b) you have a generous exit package. For those of us with no voice in these changes, jobs on the line and only 12 weeks severance, the message was a slap in the face. I'm about changed out at this point.
It’s so tone deaf. It also begs the question why we have to continue to pay for poor hiring and management decisions, then they put out those e-mails almost as a mockery. People should unionize.