Layoffs and upper management - Anonymous employee U.S. Bank Employee Review

2.0
Oct 5, 2022
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Good small business products with reasonable pricing.

Cons

-The bank does mass layoffs every 2-3 years and completely restructures upper management. -They recently hired a California business banking executive who has been going to various markets telling staff that existing employees do not qualify for their jobs based off his personal hiring standards. -The health benefits are the worst I have seen in banking. My annual premium for my family was about 13k. -They are very behind in technology compared to banks of similar size. By the time they catch up years later, other banks have already moved on to more advanced options. -Sales compensation is very minimal compared to almost every bank. -There is a lack of diversity in upper management. Executives are all one race and tend to only place their own friends in positions of power.

Explore other reviews about U.S. Bank

5.0
Jun 25, 2026
Recommend
CEO approval
Business Outlook

Pros

Friendly Environment and Hybrid Work Model

Cons

Have to pay for parking

1.0
Jul 3, 2026
Recommend
CEO approval
Business Outlook

Pros

The pay is market average, and the benefits are quite good. I love my peers. The vast majority of them are kind and talented people. I truly enjoyed my first several years with the company. Well past the honeymoon period for a new employer. And at the time, I recommended this place to anyone I knew looking for a job.

Cons

Management is a mess from the bottom up. The culture of the company has drastically changed over the last several years because of frequent retirements, layoffs, and reorganizations. Employees I know from across describe the same experience: the company has gone from outstanding culture to one that feels openly hostile to its employees. Management decisions are built like cudgels and enforced through all stick and no carrot.

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