Topics regarding layoffs at U.S. Bank

Topics regarding layoffs at U.S. Bank

Jobs to India

Listening to politicians saying manufacturing jobs are coming back to US. I don't understand why none of them talk about corporations laying off and sending jobs to India. Has anyone tried talking to politicians about what's going on at the bank?

Trainings

Is anyone else getting bombarded with unnecessary and irrelevant training videos in operations? I check my calendar and see a boatload of invites...just after receiving and completing a boatload. Do these ppl understand we have day-to-day tasks we... — read more 

What’s happening in Risk and Compliance?

Could be a made for TV special, the smartest people in the room. Rumors that a raft of MRAs are coming in several risk stripes. The Peter principle in action, and people who speak the truth get pushed out. Rumors of affairs with the... — read more 

Is our inside info from HR over?

Just wondering, we knew about the last round of layoffs so well and I figure September/October but whoever knew must no longer be at the bank…just wondering.

Morale still low

This company is not boosting morale at all. In fact, they feel outright hostile with their workforce. Does anyone feel like it's getting better or that they are taking any meaningful steps to look like more than a profit-only focused company?

Operations outsourced to Poland

Word on a whole department/team in operations being sent to Poland? Another thread mentioned about outsourcing and Poland. Word just was slipped about a whole operations team losing jobs being outsourced there and their last day is in November?

Officer title question

Hi folks I have a random question, hoping that someone here might know the answer. I have looked on the myhr site, but I cannot find much regarding officer title information. My question, is there any formal structure to how the titles are... — read more 

Consultancies are literally leeches

First of all, they reflect the fact that management is clueless. Mgmt contract consultancy to do their job. Second, they pay them very high fees which usually offset the cost-cutting mgmt do based on their recommendations. Third, mgmt pay them... — read more 

RTO monitoring

I’m aware that our managers can see when we are logged in to the HUB network and that we are to be in the office three day per week. What has not been clarified is how many hours do we need to be logged into the HUB network. There is a fine line on... — read more 

Remote Work Accommodations?

Has anyone turned in an ADA accommodation to HR to receive continued Work from Home ability? How did that go for you?

Job elimination = no severance

Eliminated job but no severance offered due to outsourcing that job to third party. Not even classified as a contractor. Shady things going on.

Owensboro layoffs?

I know it’s coming. They put us all on this workflow productivity tool that tells our manager every click we make and how much idle time our mouse has. We’ve been on it long enough for them to know if we’re over/under staffed. I just want to know how... — read more 

Massive hiring in India ?

I've heard rumors about a significant increase in the hiring of contractors in India. Does that imply potential massive layoffs in 2024 under d lip ? Anyone has more tea ? I am always wary of new bosses and layoffs. Sigh

Anyone here work for asset management?

Curious what your thoughts are on the direction of USBAM. Coworkers I’ve spoken with have pretty negative views, consistent with TTUS survey results. A lot of us are worried about losing our jobs due to recent acquisitions. Seems it’s just as... — read more 

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R.I.P DEI

The bank’s leadership decided to eliminate the team of DEI segment leads and will replace them with 3 “consultants”. The bank threw money and resources at DEI while it was cool but caved in and chose money over “the right thing to do”. Yup, it’s... — read more 

Rating Leaders

We all get our ratings but how would you rate the leaders in TOS? Maybe AC should see how the rank file view the job the TOS leaders are doing.

Everybody is apparently enjoying RTO

Judging from testimonies on our board. If nothing else, it obviously improved morale. I, for one, am exceptionally happy with the arrangement. Since I’m not close to retirement, like some other folks who are already anticipating profound sadness due... — read more 

What's being done to prevent brain drain?

Are our leaders taking any steps to prevent the exodus of our top talent? This has turned into an alarming brain drain. If things keep going this way, it won't be long before anyone who has stuck around for over two or three years will be considered... — read more 

Commercial and Corporate Banking merger

I'm surprised no one has brought this up yet. I don't think any details have come out yet on how the consolidation will go. What I do know is that when Community Bkg folded into Commercial there were numerous layoffs and Community SPMs and Team Leads... — read more 

Question about Truist/U.S. Bank merger

I saw some posts on here some weeks ago talking about a possible merger between the banks—that supposedly execs from USB were in Charlotte meeting with Truist HQ? Is this real?

Severance and full remote jobs being gone-zo

Can you negotiate this? For instance, I’m G15, there’s a minor, medium and max amount (counted in weeks). Who comes up with what amount you get? Does anyone ever get the max? I’m guessing not. Also, has anyone been brave enough to post on the... — read more 

USB 2Q Earnings Call July 17 pre-market open

The earnings call for the investor community is scheduled for 7 AM CDT on July 17. It should be interesting, to say the least. Look for phrases such as "operational efficiencies", "expense reduction/expense management", and as always, pay attention... — read more 

Newest COE training / certification

Did anyone feel concerned about the underlying theme of this years code of ethics training? We’re they really insinuating that we should bring back everyone who was fired for wrongdoing? (This was a scenario that was portrayed in a positive... — read more 

RTO FAQs Little Updates

I just checked the RTO FAQs on the intranet and there have been little updates since the roll out. Just a handful of updates in June and July that aren't significant. No updates at all regarding fate of remote employees not near a HUB or client... — read more 

USB Intranet Home Page - Stock Missing

I just noticed that the stock information is missing on the intranet home page. Anyone else notice this? Has it been missing for a while? I normally don’t pay attention to it very often but went to check it today.

Has anyone been made to work from home?

I'm in a small team of 8 and we were sent to work from home when previously in office due to making room for other larger departments at the hub. Curious if anyone else has had this happen and if we should be worried?

Alliance team - layoffs incoming?

State Farm deposit accounts don't seem to be doing well - balances are lower on average, and going down. Uncertainty everywhere - leadership changes their mind about five times a week. Layoffs when?

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