If you think the layoffs have been bad, buckle up. You will see more in waves…. Yes waves so the bank does not have to ‘report the negative news”. They just cram cr-p down your throat , send out these great job atta’ boy messages in hopes emps don’t cause a scene. Mass layoffs in departments that, from what I know , are USB emps ( not those Union Bank nightmare emps) are getting hit hard. Your manager can not guarantee you have a job, h less you are a former Union emp , in that case- you get two free years of rest. Don’t believe me, read up on the agreement USB made to buy the dump truck called Union Bank. 2 years - no branch closures for Union branches and not one emp can be touched/ terminated. See the writing on the wall yet?!?
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I've been with USB for a decade and a Legend Award nominee in 2023. Also, my role was included in the most recent layoffs. I've enjoyed working here at the bank, and value the many relationships I've made over the years. My thoughts and prayers are with my peers that survived the cuts. They no doubt have a tough road ahead.
I know of several UB employees laid off after 12/23 (separate waves this year), and none had changed positions since the acquisition. I don’t know how factual this post is.
The UB employees that my areas kept we knew they’d be let go eventually.. we retained a handful but had a plan to let them go. They were never safe
Former UB employee here. I don’t know where you are getting your information from, but there was no 2 years of “ free rest” for UB people. I know people that were laid off right after conversion, and that have been impacted by layoffs since, including this week. UB had a much more favorable severance package than U.S. Bank and had the U.B. Employees been severed by 12/23, they would have collected under UB’s severance per the acquisition agreement. A lot of UB people were severed after 12/23 which is really messed up. Also many of us were just brought on, no proper training and just thrown in here to figure things out. Believe me, we were much happier and better off at Union.
I didn't come from UB, but UB employees are far from the ones to blame for the decisions of awful senior management. You think they wanted to end up here, they had a pretty good gig before winding up here.
AC doesn't care, he'll be long gone as he's just going to keep upping his pay and bonus before he hops off this Titanic while GK sees us all the way down to the bottom of the Atlantic.
I know of a few Union Bank Employees who remained in the same jobs that were impacted. I know it's easy to place blame on the acquisition but the notion that they are untouchable is incorrect.
I’m a legacy UB employee and I was laid off yesterday. I was not in a branch.
USB legacy here, I don't want to bash all the Union folks who came over, I have worked with some very good ones post merger. However, some have been a trainwreck, but we did nothing to properly onboard them, train them, and in many cases, even provide them with an ample job description. Been here for over a decade, and the organization has never been as been as disastrously bad as it has been now. It'll be far too late when AC and GK realize that they laid off the talent that has historically made us great, only to offshore jobs and eventually hire inexperienced candidates who are far cheaper for a reason.
They were laid off because they probably changed jobs since conversion
I know of former UB employees that were recently laid off…