Thread regarding Truist Bank layoffs

@atrc+1vQw2rgg Correction to my earlier post. NFS treats us like they pay us for business.

TIS is a cluster mess now. SunTrust blows up another wealth management division. Yes, their wealth management division was horrible while BB&T had Scott and Stringfellow. King told them that technology and other things would be so much better. That was one big lie (among so many). More and more TIS operations jobs going overseas. Good and knowledgeable people are losing their jobs. Overseas can’t answer an email before 24 hours when we need answers quickly or reasons while things were NIGO’s.

And don’t get me started on the NFS relationship. They treat us like we pay them. You can’t talk to anyone there without going through our back office. Now add in incompetent and untrained overseas employees and it is worse. They don’t even communicate things correctly.

Thanks so much, Kelly King and Bill Rogers. That money and your cronies may feel good now, but the end makes a great equalizer. How many people lost and are losing their jobs because of YOU for your money?? You sponsor a golf tournament that is out of your league, fly your private planes to sports events, and pay millions to your leadership team while they lost those jobs and your employee morale is in the toilet. Can’t even hire and/or keep tellers who are making $45k/year due to DEI hires. Our branch is a cluster sc--wup too because of you.

My theory from the beginning has been that consultants quickly recognized Kelly King as a once in a lifetime way to make a tremendous amount of money. A CEO totally lacking intellect, but with a huge ego and an incredibly inflated sense of self-worth.

All that was required was rolling out to Kelly a few tired, 1990’s boilerplate management models and let him think he would be hailed as leading “a technology revolution in banking”.

Humorously, I still remember Kelly lecturing everyone on AI, when he was still operating the bank like it was the 1980s.

@zzy+1vQw2rgg Repetitive? Show me where my specific points have been made from the TIS view.

I worked at both legacy banks, then for Truist. First hand experience totally agree with OP. Both banks had good reputations, did some facets better than others, and had fairly happy employees. All that is GONE. Employees, clients, and everyone in between shake their head at what the heck happened. Yes the responsibility is to the shareholders and not the employees, but biz 101 says keep your people happy and it comes through to your customers. Big ol’ miss.

I certainly hope that both Bill and Kelly rot in eternal he-l. Fuxk both of them for what they've done to the people who made this bank.

Repetitive

Sadly none of Billybob or the BODs wealth will be stripped away. They got theirs.

The bank will be sold and they will all get golden parachutes.

@scd+1vQw2rgg

My guess this is Beau due to the use of the word ‘mighty.’ Just come out of the closet Beau. You will feel better!!!

Bank robbery and theft, mighty big charges well I look forward to your court case. Good luck!

This merger isn’t an example of capitalism. It’s an example of a bank robbery and theft. The leadership cannibalized the companies to then sell for personal gain. There is a big conflict of interest here and 100% should be illegal. I’m also certain Bill broke SEC rules w the secret hotel meetings and behind the scenes con job. Again, if you know a US attorney, have them sniff that situation out. Bill and Beau belong in jail, plain and simple.

Such a narrow view of reality @ixw+1vQw2rgg. I'm not anti capitalism, I'm happy to use capitalism for my own ends, I'm just saying this is an expected result of capitalism. People made tons of money off that merger, whether employees benefit or not isn't really relevant, that's like being concerned if the desks have an opinion. Employees are just tools to be used and disposed as needed.

@bhg+1vQw2rgg The BB&T BoD approved this merger. I meant what I wrote. I am in NC so know the reputation BB&T had. It is dead now.

For the socialist out there who keeps writing the comment about it capitalism, this merger had nothing to do with capitalism. And since you love Marx so much, name me a country where socialist has worked.

I think you mean Truist Board of Directors, not BB&T. I can understand why the hBBT teammates feel they were better off before the merger but I don’t understand how the hSTI teammates can feel that way? They had terrible leadership prior to the merger so feels like a continuation of the same.

Capitalism working as expected.

It had to be the plan from the beginning covid slowed it down