Topics regarding layoffs at U.S. Bank

Topics regarding layoffs at U.S. Bank

Beware of how you time your 2 weeks

Coworker put in their 2 week notice today, was told they would not receive a bonus because it hadn’t “been calculated yet” despite all bonuses being released in approximately 2 weeks from now on 3/5’s paycheck. They’re scamming people out of bonuses... — read more 

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| 1900 views | | 3 replies (last February 23, 2021)
Post ID: @OP+19uSvsKe

Is there a career here?

A colleague referred me to this site. After having read all these posts I am wondering if I actually am able to build a career here. I am fairly young, a year out of college and while this is not my first job, it is my first professional job. Should... — read more 

Hiring... from outside

New President of WM/Affluent - ANOTHER HIRE FROM OUTSIDE! https://www.businesswire.com/news/home/20210203005079/en/Scott-Ford-joins-U.S.-Bank-as-president-Wealth-Management-Affluent Understand that US Bank will never promote from within for the... — read more 

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| 1880 views | | 2 replies (last August 6, 2021)
Post ID: @OP+19rRaM3f

How much do they value us in other companies?

This is my first job and I have been here for 4 years. I am interested in experiences of someone who can tell me how a former USB employee is treated in other companies? How worthy is it to have the name of this company in your resume? Someone on... — read more 

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| 1900 views | | 4 replies (last February 12, 2021)
Post ID: @OP+19mscGfG

Revolt?

Bonus conversations started and not going well. Numerous resignations already on the table. Take whatever bogus bonus was arbitrarily calculated for you and get out now. There is a bright future ahead of you, and it does not read "US Bank". You... — read more 

IGNORE HR TROLLS trying to put the fire down

Facts: US bank makes a lot of $ but lays off SYSTEMICALLY every year, closes branches, shrinks employee base, keeps highly paid managers who belong "in the club" and brings highly paid contractors to move initiatives that don't work, fosters high... — read more 

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| 1930 views | | 2 replies (last March 16, 2021)
Post ID: @OP+19gUwuUf

Ignore Gaslighters With a Chip on Their Shoulders

We have seen fake news posts such as "something big going to happen in January" or "Goldman Sachs going to buy us" and nothing pans out. The reality is these are trolls here to create anxiety and top into someone's existing dissatisfaction to get a... — read more 

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| 1850 views | | 4 replies (last February 18, 2021)
Post ID: @OP+19g9DTCB

Find yourself a better career

US Bank employee: you have a much better chance to be happy if you stop begging for your bonus being windled at your face. Do you enjoy depending on it to make ends meet? Too much sacrifice for a few $$ and having to pray for it not to be cancelled... — read more 

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| 1780 views | | 6 replies (last February 7, 2021)
Post ID: @OP+19f8KpXh

ATM being serviced by third party

My branch is temporarily closed and i was informed that my office will have a 3rd party service our atms. Anyone else in the same situation? Some offices in my area closed when a vendor was announced to service the atm.

by
| 1083 views | | 1 reply (February 4, 2021)
Post ID: @OP+19ffdWtS

Sooo.... about dem bonuses

I feel like we got our meeting invites for bonuses in January last year. Any idea when they’ll be released, specifically WM? Asking for a friend who wants to schedule their 2 week notice right lol

by
| 2290 views | | 8 replies (last February 4, 2021)
Post ID: @OP+19db2d4s

Wow! Clip from an article on Mr Cecere’s 2019 increase

S. Bancorp’s USB president and chief executive officer (CEO) Andrew Cecere received 40% hike in his total compensation package for 2019 compared with the prior year. Cecere’s total annual pay increased to $18.8 million in 2019 from $13.4 million in... — read more 

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| 1680 views | | 1 reply (February 2, 2021)
Post ID: @OP+19b4KkJg

TOS

How does Soroka still have a job? He leads TOS Operations Services and seems completely clueless about both technology and Operations. They even joked about it in the Strategic Roundtable. He's surrounded by heavy weights and isn't even embarrassed... — read more 

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| 2100 views | | 5 replies (last March 30, 2021)
Post ID: @OP+1971cA7e

Cecere visiting branches?

R Davis used to stop by branches every once in a while. Cecere has zero interest in mingling with subordinates, unless they make him tons of money. Same with TOS deadweight hollow "leadership". The only time managers talk to subordinates is to... — read more 

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| 1612 views | | 1 reply (January 27, 2021)
Post ID: @OP+195K52IZ

Severance - DO NOT SIGN!

Beware of the US Bank severance offer. They make you agree to allow company officers and employees to defame and malign you after you leave!!! If you do sign it you have 90 days to withdraw your permission!! DO NOT SIGN IT. KEEP A COPY OF IT AND GIVE... — read more 

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| 2840 views | | 4 replies (last January 25, 2021)
Post ID: @OP+191yVdx9

More changes coming

I've heard more changes are coming including additional reorganisations but nobody seems to have any details. It's not that I doubt we're looking at more of the same, it just be nice to know more than "somethings brewing." If anybody knows more... — read more 

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| 2203 views | | 3 replies (last January 25, 2021)
Post ID: @OP+191In3q0

Hr was reorganized

Lot of hr staff was let go. Welcome to workday, everything is automated, wait times to talk to someone in hr is over 1 hr

by
| 1950 views | | 4 replies (last January 20, 2021)
Post ID: @OP+18WZ9UYx

March 2021

I heard through the grapevine that there will be another " reorganization" in March involving Commerical and Corporate banking. Sounds like they are trying to be more transparent about upcoming changes. Give me a break.

by
| 1780 views | | no replies yet
Post ID: @OP+18Omrpdl

Branch Managers to go bye bye.

The company will get rid of a lot of dead weight branch managers soon. Hub district managers will oversee their own with multiple others. CRC4s and anyone with S2 authority will step in.

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| 2273 views | | 3 replies (last January 19, 2021)
Post ID: @OP+18Nl3GRG

When can we get some good news?

Branch closings, layoffs, cuts in benefits...I'm exhausted from hearing all the bad news and waiting for the next announcement to learn just how bad it'll be. Remember when announcements used to bring good news, like bonuses, for example? I miss... — read more 

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| 2850 views | | 6 replies (last January 21, 2021)
Post ID: @OP+18mcBfMy

400 more branch closures in Q1

U think 2020 was a bad year? 2021 will be brutal. https://www.atmmarketplace.com/news/us-bank-to-close-400-branches-reports-robust-digital-engagement/

by
| 1744 views | | 1 reply (December 9, 2020)
Post ID: @OP+18hK5GJH

Changes

Branches are becoming “micro market” with few 4-5 branches instead of having big districts with 20+ branches. What do you think of this? Are business line partners for branches such as business bankers, wealth management etc. will be... — read more 

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| 1860 views | | no replies yet
Post ID: @OP+18flsNKl

Get out while you can

USB has significantly more cuts planned all with an eye towards a massive payday for AC and the executives through a buyout. AC has personal gambling issues and is desperate for the payday and ego stroke. He has sold USB out in search of the highest... — read more 

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| 3940 views | | 4 replies (last February 1, 2021)
Post ID: @OP+18eDblL8

Card counting Cecere needs to go

He’s gambling the future of the company to the ground. There’s a reason why he’s on the banned in Vegas and Atlantic City.

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| 2040 views | | 2 replies (last December 2, 2020)
Post ID: @OP+18bC4vn2

Why is the transition to a modern system so slow?

Bunch of old bank people without a clue as to direction or how to lead people. TOS management is just running out of the string until they get their golden parachute. It’s well past time to simplify, consolidate, and focus on what’s critical. Move... — read more 

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| 2130 views | | 5 replies (last December 1, 2020)
Post ID: @OP+185igGLd

More branches closing

U.S. Bancorp will close about a half-dozen more branches in the Twin Cities, some of them inside other businesses. The closures are part of a larger transformation since more transactions now occur digitally. Earlier this year the bank said it would... — read more 

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| 1383 views | | no replies yet
Post ID: @OP+1853Kz7E

Severance info

I've heard there might be some severance reductions in the future rounds due to the pandemic and I'm having trouble believing even this place would be willing to screw over its employees so badly by doing something like that in the worst possible... — read more 

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| 1992 views | | 3 replies (last November 30, 2020)
Post ID: @OP+185CLzEY

US Bank Layoffs 2021

Is there going to be any reorg or US Bank Layoffs 2021? Any news or rumors?

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| 2740 views | | 2 replies (last November 26, 2020)
Post ID: @OP+184vljH4

January RIF?

Any updates? Heard anything? Is it January or just first quarter 2021?

Something Coming?

Continue to hear and see smoke about large scale changes on the very near horizon, possibly as early as the end of the week. Does anyone have any details upon what other shakeups might be coming?

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| 2280 views | | 3 replies (last October 29, 2020)
Post ID: @OP+17DCpyV9

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