Think about it. They are creating a stressful and hostile work environment intentionally. Why else let it leak there will be cuts and then make us wait with no additional info. People will get tired of this and leave on their own. Which plays right into the hand of the ELT. This is all intentional.
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“After bonuses are paid” LOL
You mean Joe Thompson’s bonus right?
Multiple S&S advisors and wealth advisors getting ready to leave beginning of 2024. S&S first then wealth after bonuses are paid.
Joe Thompson is probably the best leader this organization has.
Joe T said in 2021 and 2022 that his biggest problem was onboarding all of the new hires. We hired anyone and everyone and wrote big checks for advisors at other firms. Fast forward and we laid off a ton of the support staff and most of these advisor teams we were enamored with didn’t pay off. Over aggression in good times led to failure during bad times. Truist plays a copycat game.
Pay attention to this ladies and gentlemen. Think about many of your former TL’s and even your colleagues. The good ole boy and girl network is indeed alive and well. If you’re not one of them you already know it!
Anybody paying attention to the good ole boys and girls club creating jobs for many who were bumped from their former jobs. IRM and LOB manager positions created for many with others placed under them. Also new quality and or audit positions. Not everyone is being shown the door. Many are being quietly protected.
It's working.....
FACTS, makes it look like people are just resigning and means IF they decide to backfill "probably not" they will pay much less or just offshore it for terrible work and low pay which hurts them anyway. We have teams that have a 24 hour SLA that are now taking 30+ days because they got moved to Off Shore and reaching out to them does nothing, might as well not exist.
@OP+1pBJ5uV6
Sounds like you need to talk the person from this.
https://news.bloomberglaw.com/daily-labor-report/truist-bank-settles-hostile-work-environment-firing-claims
The game plan is to rug pull all bonus' and claim you are lucky to have a job.
Everyone is acting as if Truist is a money losing company. This entity will have nearly 6 billion in net income after Q4 numbers come in. I don’t get all the hair on fire action’s being taken. Good leadership makes slow turns with the ship when you are profitable to enhance future growth. What is going on versus reality is utter lunacy.
Play the long game… Bonuses are in March.
That is 100% their goal. Now it is a game of chicken on who will flinch first. Long term is is a terrible play for SunTruist. Nobody will work here and either they have bottom of the barrel talent (see EL) or will have to pay a huge premium.
Yes but it will backfire on them. It’s the top talent that will easily find new work and they will be stuck with the underachievers that are hanging on for severance .