Looks like Truist Financial Corporation is gonna get scooped up by Citigroup later this year. Bill and the execs will ride off into the sunset laughing their tails off at us with a massive windfall. The rest of us? We’ll be lucky just to hang onto our jobs. Massive layoffs feel inevitable. And yeah, from what I’ve heard, the employee culture at Citi su-ks ba--s.
26 replies (most recent on top)
Hahahahaha funny. You’re not important enough to even know this information. If you were you would be breaking a NDA.. Good April fools joke.
If you don’t mind being treated like mindless worker who is constantly micromanaged and watched over, (but paid decently) you will be fine at Citi. If the current level of Truist micromanagement bothers you, then you will think you have died and gone to he-l post Citi and Truist merger. Truist is bad, but Citi is on an entirely different level. Management won’t even pretend to care.
@mr White privilege.
@km HBBT was like going to church. Most were polite and ethical.
In my experience HSTI have been shady, ruthless, unethical and cutthroat.
@kp - have heard only bad things about working culture at Citi
I'll believe it when I see it, BUT will pray it isn't true. Being acquired by Citi once in my career was enough and I have zero desire to go there again.
And....401k was 3% back then, and no pension.
And no AVPs.
Thanks, but hard pass for me.
@fr This may be in reference to hBBT.
hSTI was okay. Better than Truist, though.
It's best everyone follow the leaders' behavior - think only about yourself. It's just not worth it anymore.
Lol at the person thinking their retail region leader would be privy to anything.
Bill raw dogged you and took your 401k match on the way back his luxury box. But there's no backstabbing at Truist. Bless your heart!
- No more of that polite “I care about you” good old southern culture from working at a southern bank…*
Polite? Caring? Two words I never associated with Truist. Truist culture was by far the worst overall culture I have ever experienced - infinitely worse than the “big bad northern bank” where I worked.
@a2 I work at a commercial bank in nyc and enjoy it much better than Truist tbh. The ~Southern Hospitality~ you speak of is just being fake and gaslighting lol
@et What part of Bloomberg running with it don't you understand?
@a2 …and a taste of competent leadership who can develop and execute a sound strategy while making actual decisions along the way.
So scary!!!!!
Prove this isn’t just speculation
While I have my doubts on a merger, it would be sadly ironic if the post-merger performance was so bad it would give the executive team another windfall.
A humorous thought would be bringing Kelly King back to sell it to the employees. While counting his millions, he could preach against their greed, and tell the displaced employees it is really their fault they aren’t “happy”. Even funnier would be watching that gullible group who trusted this guy the first time line up to listen to his new sermons.
This would be so entertaining to watch.
This would be interesting to see.
As a shareholder, This would be best case scenario
@b7 I heard this also. My retail region leader says the same. He’s on a mission.
Good. Bottom third of teammates need to be culled as a condition.
This needs to happen if, for no other reason, to take Truist out behind the shed and put it out of its misery.
I will believe it when I see it
@a4 - Bill will spin it as the acquisition helping to shore up Citi’s deposits, branch footprint, and wealth brokerage. But at the end of the day, all he and the rest of the execs really care about is locking in a massive payout they can pass down to their kids and grandkids when they retire.
Any company silly enough to acquire this mess deserves what they get.
This cannot be real! Say it ain’t so, because going through another merger is unthinkable right now!
No more of that polite “I care about you” good old southern culture from working at a southern bank. We’re about to get a taste of what it’s like at a NYC Wall Street based bank. Cutthroat culture, backstabbing, the list goes on and on.