U.S. Bank / U.S. Bancorp CEO Andrew “Greedy Andy” Cecere has pocketed millions by putting thousands of Americans out of work. He has presided over a bank scandal. He and his masters at McKinsey & Company have created an unprecedented toxic... — read more 

I'm not saying I've ever felt like my job was guaranteed, but in all these years I've been here I've never felt less safe. You? Quite a frustrating feeling.

I am not sure if this is accurate. Just wanted to be the first one to post it on here this week.

It’s obvious that the group planning RTO has never been a part of a cross functional team at the Bank. We are mandated to return to the crime-ridden Plaza location while those in the technology and engineering department will continue to work out of... — read more 

Considering take a tech position at US bank they offered me a grade 13 at just over 100k. Is this a typical pay range ?

They also keep the comments full of simple one-word responses from fake profiles with fake bimbo profile pic. Seems like another Greedy Andy/McKinsey & Company strategy of ignoring the ongoing problems that are rotting U.S. Bancorp from the inside... — read more 

I recently had the opportunity to review the ability to move laterally with US Bank. It's not something anyone wants to hear but, I can say with certainty the bank values this role as a part time teller position at a credit union. It's not just the... — read more 

https://finance.yahoo.com/amphtml/news/warren-buffett-sells-stakes-in-two-banks-raises-bank-of-america-bet-220257631.html

What do they and Andrew “Greedy Andy” Cecere have to hide? The fact that a criminal CEO has a criminal consulting firm making his decisions?

The Union Bank jumbo mortgage portfolio is massively underpriced and likely showing a huge loss. And the entire private bank team from Union pretty much left. The US Bank private wealth team is known to not be very strong across the industry on... — read more 

People are starting to talk about more layoffs happening before the end of May. I'm not sure if there's something concrete behind the latest round of rumors or if people are just scared and projecting. Have there been any developments that indicate... — read more 

How Union Banks Division operations officers and Managers are being mapped? US bank already has their own Ops team?

Can you share if you’re closing branches BMs new position… they’re becoming Market Engagement Managers or Float Managers? Are these temporary positions until they find another position?

All retail market leaders will be in California next week. Will some of them be laid off? Maybe they are getting their chakras adjusted? USB is a 🎪 with a large cast of clowns 🤡

The stock price is hitting 52-week lows. Pretty sure the shareholders want to see action and change.

Branch closed retail employees was given their assignments but is this temporary? Since now the branches are way over staffed do you think they will lay them off by end of year? Also union Bank ABMs are way overpaid to be US bank CRC will ABM also... — read more 

https://www.theretirementgroup.com/featured-article/5448072/are-us-bancorp-employees-shocked-by-a-layoff-thrive-do-not-merely-survive Been a rough week. Best of luck everyone.

Looks like layoff are happening in the st louis mortgage team today. Food luck to all.

https://www.thepennyhoarder.com/bank-accounts/worst-banks/

I am curious to see who had meetings this week, as I thought our group would have heard some thing by now.

Closing branches got an update on our next assignment. Some of us are transferring to another branch and some are becoming float CRC. Sooo are the floats are temporary until end of the year? Also what will happen to Union Bank ABMs even though... — read more 

The reason why USB titled CRC was do the the staggering employees that left to a competing bank for better pay. Review the retention numbers for bankers with USB. The worst of any bank. That's why they changed the name. So competing banks would think... — read more 

What’s that equal? Probably layoffs of non-manager types because you know AC and his McKinsey-consultant right-hand-man/flying monkey aren’t going to take the blame.

Union Bank employees has your role been mapped to US bank yet? If we haven’t been mapped should we assume we are being let go?

Under Richard Davis, USB was a leader amongst its peer group in every important metric of financial bank performance for about a decade. ROA, ROAA, ROE, Efficiency Ratio, Loan Loss ratio, etc. USB was head and shoulders above its peers for a long... — read more 

https://www.moodys.com/credit-ratings/US-Bancorp-credit-rating-284000?lang=en&cy=can

https://www.americanbanker.com/news/u-s-bank-fires-back-after-its-capital-levels-face-scrutiny This may explain the Q4 2022 lending restrictions in Commercial banking

Over 150 U.S and Union bank branches closing mostly in California on May 26. They keep saying all front line employees with have jobs but they haven’t told us what our new assignment and location will be. Where will they fit all of these employees?!... — read more 

Anyone else feel like the bank is taking a huge dump? No one knows how to do their jobs. The fraud department is a joke, back office is a joke, loans (even credit cards) are being turned down left and right. Everything needs to be done by email yet... — read more 

Is it usbanks intention to drive out really good talent? Because that is what I see everyday. Starting at the executive level, middle management and lower management, stop your ridiculous iron fist. Do better!!

For the right price, even a criminal bank like U.S. Bank can buy the “Most Ethical Award” from Ethisphere! “US Bank fined $37.5 million after opening fake accounts to meet sales goals. US Bank employees accessed consumers credit reports to open... — read more 

And Holdco was way early and correct on SVB https://www.prnewswire.com/news-releases/holdco-asset-management-issues-research-presentation-identifying-failures-by-the-federal-reserve-301798469.html

What will happen to closing branch employees? Over 100+ branches are closing end of May and they still haven't said what will their new assignment be? Will they get let go even though they keep saying frontline employees will be kept?

UB folks , if we haven’t placed you yet. If you haven’t been told that we want to retain you by now. Look at the calendar. May is close . We are planning on large layoffs starting in June. More in July and August . Take your bonuses and go find your... — read more 

Message this morning “we will make do with less”. People are stepping down for personal reasons or perhaps they’re burned out. They will not be replaced. They will be absorbed we will make it do with less. How does that make you feel?

Been here 10 years. The last 6 months have been unbelievably Nagy. Every day is more toxic than the last. I’ll be gone the minute I accept a new job. Sad really, I thought this would be where I stayed till I retired. But my health and wellbeing must... — read more 

I know we are far from being over, is there any way to know when the cuts will continue?

Is there any way to find out if I have been blacklisted from rehire? In my previous department I was “laid off” as retaliation from a manger for calling out her errors. As Greedy Andy has already demonstrated that he will turn a blind eye to illegal... — read more 

Former MUFG employee here. I call the number, they say I have to start online. I go online and all the buttons to start the pension process have been removed. Attempting to project my pension results in an “eligibility error.” Great. Thanks, USB... — read more 

This is after layoffs last year. Imagine how far a billion dollars would have gone if we had invested that into bailing out our customers; given them the tools and resources to become better earners for the bank.