Why tell us everyone has to go back to office and not have a plan ? Some of us have to commute or take care of others, so will need to hire help. How do they expect us to plan when they have no plan other than everyone needs to rto. Going to be... — read more
Your Voice (doesn’t) Matter
More RTO news is coming end of Feb. Layoffs and reorgs in March for Shaylesh’s groups. They rolled out this sh—show without having a fully formed plan. They didn’t announce hubs because they don’t know what they are yet. The MC are building... — read more
Layoffs in March
More layoffs coming in March. Confirmed. Additional reductions from cost savings that were not fully realized in Q4 How reliable is this info?
Bonus and Layoffs
Bonus discussions can start soon. Since bonuses are.for 2023 performance, if layoffs happen are you entitled to anything or just SOL? I figure if you are not entitled to anything then to expect layoffs bug time this week. Thoughts?
What is the latest on US Bank's Category II status?
I haven't heard much about this lately. Is the bank going to be subject to Category II capital requirements by year end? If so, what is their plan?
Hub Cities?
Curious if anyone is hearing what the 20 hub cities will be?
Dragging your feet?
How many people are thinking that the RTO is just another scare tactic? I mean are they really gonna do anything if you don’t go back?
Sick-Out
Everyone should call out sick at least one day next week. Spread the word
What’s going on in Portland
Why do so many people want to leave lock box. What is up?
How's it up there in the ivory tower?
I've been at U.S. Bank for nearly a decade. My career with the bank will be marked "before the leader call" and "after the leader call." Before, I was content. I liked my job. I delivered. I had respect for Andy Cecere. After. After the shock, I... — read more
GFS Fund Admin
Does anyone know what bonuses and raises typically look like for fund administrators? Thanks!
More incompetence from Managing Committee
In today’s Minneapolis Star Tribune: In the aftermath of the insurrection on the U.S. Capitol, many of Minnesota’s largest corporations publicly announced they were pausing campaign donations to all members of Congress, including those who joined... — read more
US Bank Layoffs in TOS ?
hearing lot of rumors, anyone has more tea ?
Not getting better..
cpts cuts next. timing 2-4 weeks. I would like to thank janet at treasury for continuing to madly pump out bonds to give to banks for collateral who have no liquidity to support lending due to your buddies at the FED raising rates too fast and too... — read more
No longer US Bank
We do the right thing my ar-e. Might as well just rename it now to Bank of India or Bank of Poland with everything moving offshore but the leadership is more like that of North Korea…I wonder what Richard Davis is thinking looking at all this mess? ... — read more
Media
Has anyone submitted the recent announcement to a media outlet? I wasn’t able to find anything when googling.
Plans for Fully-Remote Employees?
Is the writing now on the wall for those of us who are fully-remote employees? Any insight from HR or management anons?
It's dehumanizing
I am greatly disappointed in this company and could not recommend it to anyone. We can’t keep staff, we can’t provide equipment on time to new hires, our training is poor, and afterwards manager support disappears. I’ve been here almost 10 yrs, and I... — read more
Home mortgage
Any word on upcoming layoffs for home mortgage? Closers, processors, underwriters?
Return to office
Was informed today that senior leadership is mandating return to office for those that are in a hybrid working model (3 days on average). They will be enforcing the policy by tying attendance to an annual performance goal for the employee.
Raises this year expected at 2.7%
What motivation is there to work harder when its peanuts in return? Im more motivated to look for another job than I am to be better at this one.
Finding out about layoffs here
It worries me when I have to find out there were layoffs at U.S. Bank on a forum instead of hearing it through official channels. This makes me feel thoroughly unsafe. It means any one of us could be hit at any time and the rest of us probably... — read more
Layoffs this week in several departments
Commercial Banking, Corporate Banking, Lending Services, Default Collections/Litigation 50 all positions levels in Commercial and Corporate Banking. 20 all position levels in Lending Services. They are combining Corporate and Commercial Banking. At... — read more
Someone is removing posts
Anyone else noticing certain comments or threads are being deleted?
Charlotte office
When are they going to announce the new Charlotte office ( not the current rented space) and Charlotte area remote employees being designated as hybrid (at best)?
Medical Benefits or Paycut
Terrible medical benefits compared to legacy Union bank . It’s like taking a paycut AGAIN . Lower base salary, lower pension contributions and cheap medical plan. Plus Misleading employee banking benefits. Why on earth would I want to stay with a... — read more
US Bank Layoffs 2024
Post any information about potential or actual US Bank layoffs? Any chatter, news or rumors?
Holiday Gift from the regulators
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today ordered U.S. Bank to pay nearly $21 million for keeping out-of-work consumers from accessing unemployment benefits at the height of the COVID-19 pandemic. U.S. Bank froze tens... — read more
Severance Pay
I just got an email today indicating all heritage Union Bank employees are now under US Bank's severance plan effective 12/2/2023. I went to the plan and it's worse than I thought. Basically under the Union Bank plan, I would get 9 to 9 1/2 months... — read more
Bonus and Raise
Any information on bonuses and raises this year? Will they keep up with inflation or just deflate our expectations ?
HUB Locations
When will the official HUB locations be announced? Anyone have an inside scoop?
Meeting Schedule
My calendar is filling fast, but if someone needs to call an emergency meeting, I can possibly squeeze you in. Everyday I have the normal 08:00, followed by a 09:00, followed by a 10:00, and finally an 11:00. Lunch is from noon to 1 and I have a... — read more
I am worried about this...
Looks like major corporations are headed for some trouble with their hiring practices. You think us bank is doing this too? https://news.bloomberglaw.com/daily-labor-report/ibm-diversity-efforts-targeted-by-stephen-millers-legal-group
RTO Is Happening Next Year
I know people are divided about the topic but heard a few days ago that there’s a big push for RTO next year. Anyone with the designation of hybrid will be asked to come 3 days a week. This isn’t a rumor anymore and a definite thing. I personally... — read more
12/4 Is Approaching
Should be an interesting week for us heritage Union Bank employees. Posters down below have implied that the bulk of heritage Union Bank employees will be laid off by this date. We shall see.
Us Bank Layoff Notice
Layoff appears to be happening quietly this week. I have just received notification of being laid off.
US Bank Auto
I hear US Bank is layoff 45% in their Auto division
Uptown Charlotte location?
Hi, interviewing for some corporate positions with US Bank in uptown Charlotte location. Just wondering what the workplace culture is like. I'd be coming over from a nearby competitor, so not sure if the grass is greener at US Bank, or if it's more... — read more
McKinsey & Company alumni Tim Welsh conflict of Interest?
https://finance.yahoo.com/news/xcel-energy-elects-timothy-welsh-182700790.html