Thread regarding Truist Bank layoffs

Congrats to Sr Mgmt stock plows through a 44 handle

It seems like she wants to rip $1 for every hBBTer that gets riffed or shuffles to the local 15 branch community bank.

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| 14751 views | | 3 replies (last July 22, 2024) | Reply
Post ID: @OP+1tDHwIgC

3 replies (most recent on top)

I’m sure OP was just poking at you hBBTer’s, no they weren’t. FTE’s are now approximately 39000 per EL. If memory serves correctly we had 66000 at merger and efficiency ration was 61%. 27000 FTE’s later and it’s 56%. Math doesn’t work!

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Post ID: @apd+1tDHwIgC

First a $6B+ loss in goodwill impairment, now a $6B+ securities loss???

And $5B in stock buybacks still to come???

Seems we already blew through the $10B from the sale of insurance.

Plus $$$$$ for all the consultants making the problem worse.

What 'slush fund' will they tap next to cover their mistakes? Oh, I forgot - pensions.

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Post ID: @veh+1tDHwIgC

Yep big time every time someone gets riffed it’s gotta be worth a tenth of a cent or so

They get the pension and find some way to do sales from offshore the sky is the limit

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Post ID: @luu+1tDHwIgC

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