Thread regarding Truist Bank layoffs

Truist is becoming depleted of competent workers

At this rate we will be freed from even remotely competent people. Constant layoffs have been depleting the place, culture chases people away, many are leaving on their own after bonuses, and Truist’s rep is so bad that they are going to have a real trouble getting their hands on smart peeps when they eventually get to needing them. Way to run a business.

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| 17065 views | | 12 replies (last March 11, 2024) | Reply
Post ID: @OP+1roNuCXt

12 replies (most recent on top)

Truist is definitely a company where it’s best to just do “the bare minimum” to get by to stay employed. It is not worth it try and go above and beyond.

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Post ID: @6nty+1roNuCXt

@6zae+1roNuCXt - good for you. Congrats on your offer. What people should realize is every bank has their pitfalls of working for them. Wells, BAC, US Bank, JPMC, Citi, PNC, Truist, etc etc . They all have their pros/cons. Best to just su-k it up and not take work so seriously and do your best.

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Post ID: @6xqp+1roNuCXt

Post ID: @5eiv+1roNuCXt

Yup. I am absolutely focusing on what I control and what I control is where I work. As soon as Friday rolls around and bonus paid, I am giving my notice and am out of here. Have had a new job lined up for weeks (and had multiple offers- market is very interested in Truist bankers ). Watch the numbers - a lot of others will also be focusing on what they control shortly and headed for the Truist door. Not all banks are the same. I've worked at enough to know that and have a new job lined up starting April 2. That's what I control. I no longer have much respect for those who complain about Truist but do nothing to change where they work. Control your life and your happiness - Truist does not care about you and should not control you.

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Post ID: @6zae+1roNuCXt

I swear this forum is loaded with a bunch of crybabies. All banks are pretty much the same. Su-k it up, make the best of work and focus on what you can control

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Post ID: @5eiv+1roNuCXt

@1ivb+1roNuCXt

US Bank is also trash, no better than Truist.

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Post ID: @5fpo+1roNuCXt

No you are wrong. Quality MD’s are being hired in droves.We are an investment bank now you mo--ns not a little community bank:
ATLANTA, March 7, 2024 /PRNewswire/ -- Truist Securities announced today that highly ranked analyst Jamie Cook recently joined the firm as a managing director, expanding its equity research coverage in the industrials sector.
Cook joins other recent hires that have bolstered the breadth and depth of Truist Securities' equity sales, trading and research team, including:

Nataliya Bershova, equity electronic trading managing director. Bershova, based in New York, leads equity electronic trading and brings 15 years of experience in quantitative algorithmic trading from firms such as Sanford C. Bernstein and Citadel Asset Management.

Brian Devlin, Andrew Hostetler, Molly Shanley, and Bryan Welch, equity sales managing directors. Devlin and Welch joined from Evercore ISI and are leading the firm's distribution efforts in Boston. Shanley, also previously at Evercore ISI, is based in New York and running Middle Market sales. Hostetler, who most recently worked at Raymond James, is part of the New York sales team.

Kevin Pedicano, equity sales trading managing director. Based in New York, Pedicano joins with more than 20 years of experience on both the buy and sell side at firms such as Citi and Deutsche Bank.

Peter Baillos and Steve Raquet, equity sales directors, who join from RBC. Baillos and Raquet lead the firm's central U.S. territory, which includes Chicago, Denver, Kansas City, Minneapolis, Ohio and Texas. Baillos is based in Chicago and Raquet in Dallas.
"We continue to invest in our equities team with the addition of experienced and high-quality talent to further deliver differentiated content, execution, and value for our clients," added Stroth.

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Post ID: @2fio+1roNuCXt

lol, my is on the sand. Go to some other banks message bored some time. Your personal experience and two friends making comments to you is not a proper sample size.

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Post ID: @2vcb+1roNuCXt

I disagree with the OP, it’s a very small portion of the work force that was let go and the folks that were let go are insignificant

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Post ID: @1qvf+1roNuCXt

It happened last year on a smaller scale. Many seemed to see the writing on the wall. I expect the exodus following the AIP payout to be monumental.

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Post ID: @1jpe+1roNuCXt

I hate Truist. I’ve worked for other big banks and big 4 consulting firms and Truist is by far the worst culture of any company I’ve worked for. I work in digital and am very marketable. I am one of the most knowledgeable and highest performers for one of the digital platforms Truist customers use. I plan on leaving after AIP is paid out next week…. I hope Truist fails as a bank or is acquired by another bank such as US Bank

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Post ID: @1ivb+1roNuCXt

@1qej+1roNuCXt.
You are Wrong - at best you have your head in the sand or are Just delusional. Wait and watch the exit of talent once the bonuses are paid. The market is very hot for Truist talent - both the banks and the recruiters know how bad the culture is at Truist and are reaching out like never before. In my small circle where close friends are sharing, I know of 3 that have jobs lined up and are waiting for the payout first. The exit is real.

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Post ID: @1rpa+1roNuCXt

Sounds like the same. utter x employee posting again. Outside of the bubble in your head nobody cares.

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Post ID: @1qej+1roNuCXt

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