Exec level HR person let slip in a meeting I was on, and am not exec level, that persons + 35 miles from location are being put on the rif list…fyi. Caught herself when she let it slip so no further details on when or if will be acted on.
21 replies (most recent on top)
@jh I’d be surprised if it was only 33-60%…
If you have any role in IT at Truist, over the next 2-3 years 33-60% of all roles will be moved/replaced/located in the GCC in India. This is a stated organizational goal that will be phased over each quarter starting Q2 2026.
Part of the problem is the sheer amount of low value teammates like the OP. Too many people that say "I work for a bank" but don't do squat to generate revenue or even do anything that's actually banking.
@er Just speaking for myself, because it’s not “info” or a “heads up”. “RIFs are coming” is helpful how? Nothing anyone can do about it. RIF’s and adjusting employee bases are a constant. As an example, watch mortgage origination: as soon as rates come down they’ll hire dozens of loan officers. Then the cycle will reverse and they’ll reduce headcount due to market conditions. Just part of running the business.
@er it's exactly why Truist needs to clean house. Can't believe we actually work with people like this. Awful.
@f7 or just classless and low IQ
@er Profanity = DEI hire
The person posting clearly was trying to provide info which is what this is for you mo--ns. Why are people such dks?
@e3 People are a$$holes, ge-z.
Don't want to get RIFed. If I do, least I get decent severance. Will gladly sign the severance agreement.
@e3 exactly, it can happen anytime. So if you don’t have a specific department, location, time, why post?
Confused why ppl are giving OP sh*t about this. Isnt this what the forum is for? All areas are being asked to tighten belt. Capital position is meaningless here, mgmt has to show growth. You can increase net by increasing gross rev and / or reducing expenses. The easiest and quickest hit to do this is shaving employees.
@dc good, take your fear mongering elsewhere. Unless you have specifics you can share all you are doing is worrying others for no reason. Layoffs can happen anytime, without specifics it is useless.
RIFs are always coming. Lost a couple in our area a few weeks ago. Unless you've got info on something large it's not useful.
This post was made to give people a heads up. Will never do it again.
@cs They know it should not be used to reward the employees; that is the only thing they know for sure.
@ah well I’m not sure your regional leader nor their boss understands how corporate finance works. Truist is considered well capitalized by the major standards and has (or had) significantly more in deposits than outstanding loans (what the finance guys call “over funded”). Banks borrow money all the time, from daily liquidity funding to long term operations. I don’t like the bank, but they don’t have a liquidity problem, especially after selling the insurance division. They literally have more money than they know what to do with.
@ah Management having an honest conversation? Bull.
My region leader said that his manager is worried that the bank is experiencing a liquidity crisis. Before the bank must make other difficult choices, they are taking out loans to balance the books.
Troll