Better get those resumes sharpened up. The clock is ticking on major shakeups. Coming soon to a region near you!
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“a region” 😅
Wealth RIF began today.
Looks like Wealth is restructuring (again).
Did it begin?
Anyone received any sort of email or heard something on this?
I heard Bill says now is when they start merger related cuts to reduce redundant businesses and systems
So how many analysts you think Wealth will cut? You know they’re just going to trim around the edges.
Anybody think any of Bills bold changes will include the BOD or EL? Less of both.
Round 1 of Bill’s bold changes about to get under way. Ready “Teammates”?
The more jobs they cut, the more money they fee up to donate to the same groups that will never qualify for a checking account. So your sacrifice will be in vain.
Wealth and Commercial. It's going to be ugly, rolls out next week.
Unfortunately, I would be shocked if there aren’t major cuts coming up. If you listen to the earnings call and read between the lines, you get a good sense of the Bill / Beau playbook. My takeaway: Bill and his executive team consider themselves great managers with a solid strategy, but the failures of the bank are the fault of the Truist workforce and their cost drag on the organization.
As I didn’t hear anything new, it appears executive management is firmly committed to “job cutting their way to success”. It is as if the current exodus of clients is somehow unrelated to an already misguided staffing/service philosophy. If there is a silver lining in all of this, it is that performance is so bad, and the stock price so anchored, that even with a cozy Board this charade can’t continue indefinitely.
Give up specifics, please. Who, what, when & how?
Do tell! Who are the lucky ones?
So what are you hearing? Perhaps another old guard package in the works to thin the herd?