Had a conversation with someone yesterday who is a peer to my boss. That individual did not sign an NDA and is not part of the design of the org, whereas apparently my boss is (I didn’t even know the designs were occurring). My peers mid-level managers with 10-25 directs are in the dark and almost nothing is being shared. It’s very odd. Without knowing the design process I think the answer to your question is both. It will affect those in the S/upper manager levels, mid-level managers, and worker-bees alike.
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@pxx Stop reading my mind - I feel violated hahaha!
Yea most likely unfortunately. Truist is the most “good old boy” company I’ve ever worked for. Place is rife with favoritism and corruption.
It will happen on Thursday, and yes, you are on it.
Bless your heart, thinking that the process is totally objective, you are so precious
If I was a betting person I'd put my money on favortism/politics.
It is my understanding Boston Consulting Group does an assessment and recommends roles to be laid off.
Question - Are layoffs done objectively in alignment with BCG’s findings? Or do favoritism / politics come into play in terms of who to lay off and who to keep? I’m mainly talking about the context of worker bees here.
@ejp One can always dream and hope karma is a b--ch!
@loq, you obviously don't work at SunTruist. Some of the most incompetent leaders are what you think will be targeted. Not going to happen. Much too woke and still DEI focused for that.
If ya don’t know….now ya know
Remember the merger where organizations and roles were determined by layer. That is how it will be this time. You will either be laid off, offered your same job or a different role potentially with a pay cut. You will then need to accept the role that is being offered to you or forego the severance package.
@tkv Thank you for the honest update. Would you happen to know if the next few rounds will be top down (doubtful) or worker bee and up? I'm sure most of us trolling this board are the busy worker bees who will unfortunately feel the most impact from a job loss.
Layoffs starting in December and ramping up in Q1 and Q2. The list I'd mostly set, they're laying off all black employees and a few white employees so it won't be too obvious.
Leadership never. Worker bees beginning this week.
Maybe it’s not trolling and just teammates desperate for information because of the radio silence
How the heck is anyone going to know that? I really think these are troll questions just like “big news coming out Friday!!l. Just ignore.
The bank has many business lines and each one will be impacted and handling this differently.
Impact on the teammates will be different to depending on how much money they make.
Thank you for the info
I pray I'm part of the first wave and the misery ends in November. Just give me the damn package and we can go out separate ways
Forgive me if this causes anxiety for anyone, but given the constant trolling here I figured I’d provide something. Multiple sources who are group leaders/managers with have indicated first half of November, then a lull, then starting back up in the first half of Q1-2024. EL/Senior/Upper managers all signed a legal contract that they cannot talk about it. Based on conversations I’ve had and the body language, word usage, and manner by which my questions were answered, the first wave of names is finalized.