Not sure how they are going to spin the next wave of layoffs, but undoubtedly more are coming.

It's common knowledge that some states allow you to get unemployment while receiving severance. But, is it true that as soon as you get a job offer, those payments are done? I mean, does any offer, even if you haven’t started working yet and it's... — read more 

WELP skimmed through two rounds of layoffs so far in our department this year. So what are your thoughts...Good til April 2025??? Just curious as most of the information on this page has been accurate other than knowledge of the actual departments... — read more 

Any updates for employees in this situation? If you haven't been let go by now are you home free? Or, is HR waiting for all HUBs to be up and running first before these employees get the ax?

Any insight on impending layoffs at Elavon?

Beware. Layoffs in HR are happening targeting remote employees and managers.

Execs only care about bonuses. Already fined millions for cutting staff to handle AML, now they are doing the same thing. The Treasury Department’s financial crimes division fined a former risk officer at a regional bank in Minneapolis for failing... — read more 

To all my fellow west coast EFCC peeps… how are you doing today?

This article states 46 U.S. bank branches closed first 2 weeks of October I’m guessing not in California? As there were over 100 branch closures last year with Union Bank acquisition. Will they close more in California you think?... — read more 

Yet they do massive layoffs. What may be the reason? Let me think here for a moment. Companies just being a cash cow for the few? Leadership never suffering consequences for bad decisions, but getting increases in bonuses regardless of the... — read more 

I’ll lead with the fact that I agree that layoffs absolutely su-k. For those affected obviously but also for those left behind getting things reassigned to them and cleaning up the aftermath. That said - while USB is far from perfect and there are... — read more 

I will not be sad to see U.S. Bank go in my rearview mirror. I will be moving to the company they outsourced my position to as a cost of saving measure. There is no cost saving here because everything that US Bank wants, that me as a current employee... — read more 

Can anyone provide info on severance packages? 1 or 2 weeks pay per year worked? Only given 2 weeks pay no matter how long a person was employed?

Any insights on when the next big wave will occur? Sometime this year or not until Spring? I'm fully-remote not near a HUB or client center and I'm still kicking, for now at least.

Was laid off yesterday was acquired over from Union Bank. Was never given a defined roll finally after over a year was brought in to a team as a PA only to be laid off less than 4 months. Why did they even bring me over when the severance was a... — read more 

"We do the right thing" is not a useless employee handbook value that is only applicable when it is convenient. As senior leadership has not been transparent around layoffs at all, the organization may very well be in violation of the WARN Act. If... — read more 

Is impact finance being affected by layoffs, or is it primarily NA?

Who is responsible for this mess? Andy? Gunjan? Managing committee? You allowed this fu-kery to go on under your watch and did nothing about it and now thousands are losing their jobs. This and your botched RTO is a recipe for disaster.

And sorry for those who get to keep the job for now. USB has been going downhill for quite a while. Culture has been steadily deteriorating, and I’m sure that many have felt underappreciated and demoralized for a long time. Leadership will continue... — read more 

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... — read more 

So I heard the bank lay off 7,000 people this month? How can this be true and not in the news? What department got hit in Wealth? In August and September, I was receiving emails every other days about lay in WCIB, but most were middle managers and... — read more 

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... — read more 

Coworkers taking credit for my work and getting a promotion out of it Managers blaming me when a project they mismanaged goes wrong Leaders without zero leadership skills who never bother to stand up for their people A completely useless HR And... — read more 

This is a long shot - does anyone with inside knowledge know how many jobs were cut this year, or in the most recent October job cuts?

Almost No one is safe. Unless you’re in a low paying (cost of living) market. Layoffs continue to happen bank wide if your position can be replaced in another market for cheaper, including over seas. JR “self exit” speech didn’t trigger enough... — read more 

Pls share at least which depts are already in the clear. Not all of us are close to the center of events. In any case, godspeed to those affected, and good luck to the rest of us who may still be. I hope the info that all will be over today is... — read more 

Corporate Payments and Treasury. What’s happening?

Have you experienced been pushed out of your role? What are the signs? I feel like I’m being targeted for to become redundant

Is tomorrow the big layoff day or are we not safe until we last through the end of the week without getting the ax?

Anyone else notice the large amount of offshore employees that are listed as being remote? So much for those “clean rooms”, huh?

THE RED WEDDING

PC meeting about to start, anyone else in here?

I’ve been hearing very vague gossip. If someone knows more, pls post. I don’t know what’s worse, to have an announced major round of layoffs or this constant sneaky threat that can be sprang on you any day. Either way, morale is down the toilet and... — read more 

Mass layoffs across the organization of American workers continues this week. Meanwhile US Bancorp launched 5B in stock buybacks and announced a 2% dividend increase. Resulting in another boost for USB executive compensation. Textbook... — read more 

What to stop RTO? Here’s how. If you are less than 30 miles from a hub, tell your move champion and manager to move you to a hub more than 30 miles from your home. Rationale to be with the teams, clients outside of your immediate team. Once... — read more 

AC promised comments on Wednesday...anyone have any predictions? On layoffs or the quarterly report? With a bad report I could see AC immediately begin swinging the axe...what departments will be in his crosshairs?

AC promised comments on Wednesday...anyone have any predictions? On layoffs or the quarterly report? With a bad report I could see AC immediately begin swinging the axe...what departments will be in his crosshairs?

Quite a few people are reporting layoffs in different departments. So sorry for all affected today. Good luck to the rest of us.