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?
Corporate real estate to layoff Facility managers
We just heard about this on Monday. JLL will take over the jobs from CRE for property management
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
Seeing contractors getting close to your area is like seeing the grim reaper approaching
It seems every new public announcement of a hire of a person high up has connections to McKinzey consulting, who hates remote work (I'm not remote and probably actually, I would say, in the minority it seems who actually has somewhat enjoyed being... — 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.
Fully Remote Not Near HUBs
Anyone hear anything about those of us in this situation?
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
If there are layoffs in October, would you like to be a chosen one?
I would actually love to be. I’ve been actively looking for another job since last month. I decided to cast the net much wider than banking, as I realized that the only difference between banks as a workplace in terms of toxicity and exhaustion is... — 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
September/October layoffs
Anyone hearing the same? So far it looks to be payments. Anyone have any further info?
What’s the difference between client centers and hubs?
Was initially told I was safe from RTO because I’m not client facing and don’t live near a hub. During a meeting with my manager’s manager, it was casually mentioned that there’s not much of a functional difference between hubs and client centers... — read more
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
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.
2Q2024 TTUS
Predictions?
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
Can someone pls explain to me what’s the point of RTO, again?
I mean the real point. Fighting over the desk every morning in dilapidated offices is not any reasonable person’s idea of a presentable, well organized and efficient workplace. I’m not a 22 yo intern to find this at least somewhat entertaining. By... — read more
Q3 Leadership meeting today
What will AC and the puppets cry about at todays meeting?
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?
Fargo, Cincinnati and Oshkosh
Fargo, Cincinnati and Oshkosh all received notice of RTO starting September.
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
Layoffs within Executive Recruitment
Both recruiters and managers have been laid off with the executive recruitment function.
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
offshore development center rumors ?
hearing rumors in the hallway to open a development center in India and plan to layoff hundreds of FTEs. GLTA
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?