Thread regarding Truist Bank layoffs

I’ve lost all faith in Truist and EL

Like the title states, I’ve lost all faith. This is not how you lead and manage effectively. It’s sad that a once fine institution (BB&T) has become the pile of sh-t. I feel like BR is just trying to run down the bank until he can sell it for once last payday and then ride off into the sunset, while the rest of us hold the bag.

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| 16796 views | | 14 replies (last January 2, 2024) | Reply
Post ID: @OP+1qiaDS5o

14 replies (most recent on top)

Funny you had any to begin with. What a joke Truist leadership is.

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Post ID: @5nvi+1qiaDS5o

https://www.thelayoff.com/post/@1pft+1qiaDS5o

“Leadership don’t care”. Nice grammar

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Post ID: @1rom+1qiaDS5o

Something’s messed up when our execs (and now “operating council”) are more incentivized to get the bank sold than to make it successful.

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Post ID: @1psg+1qiaDS5o

Post above was on the money: us or PNC.

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Post ID: @1eyh+1qiaDS5o

This is the worst place I've ever worked at. I'm leaving my job after less than a year for a better, more flexible one with a good culture. The overreliance on contingent workers, job insecurity for FTEs, sh---y scapegoat culture, lack of accountability, executive musical chairs without any results, tension between each side of the merger, and complete lies about what I'd be doing versus what I'm actually doing now... No thanks.

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Post ID: @1via+1qiaDS5o

@1pft+1qiaDS5o I worked for the bank in that merger from he-l, but in brokerage so "the bull" took us over. It su-ked all around.

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Post ID: @1lut+1qiaDS5o

As someone who has been through a merger of a major brokerage firm bought by a bank, it can get worse. Much worse. The “leadership” of this horrible company don’t care. They have golden parachute exit plans and millions in salary. They do not care.

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Post ID: @1pft+1qiaDS5o

EL knows Truist cannot compete with the big banks. Too inefficient and organizationally broken. The merger was a failure. Culture ruined. Top talent leaving.

Now, Plan B: cut expenses as much as possible to boost value and seek a buyer.

EL & BOD to cash out upon sale.

The tried-and-true age-old story of a bank with mediocre leadership.

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Post ID: @wlg+1qiaDS5o

@anu+1qiaDS5o Bingo. Zero backbone as was discussed in another recent thread.

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Post ID: @ubj+1qiaDS5o

You all did this to yourselves, and you continue to add to the mess every day, by not standing up to these bozos.

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Post ID: @anu+1qiaDS5o

"That's the price that we all pay
And the value of destiny comes to nothing
I can't tell you where we're going
I guess there was just no way of knowing"

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Post ID: @eyz+1qiaDS5o

@mpt+1qiaDS5o Tbh who cares if he sells us to Citi lol. You act like there is anything good left.

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Post ID: @pnc+1qiaDS5o

If he sells the bank it’s going to be to us or pnc I think citi Bac and wfc are up against a nationwide deposit cap 10%?

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Post ID: @rfl+1qiaDS5o

Just pray he doesn't sell us to Citi.

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Post ID: @mpt+1qiaDS5o

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