The company eliminated the jobs of multiple employees. They only told them that their job was eliminated on their last day with no previous warning, giving no time for them to find other positions. The company rather had these employees spend their... — read more
Historic layoffs coming! Increase savings!
Historic layoffs are beginning as AI will be dramatically installed from now til the end of the year. Increase your emergency funds as much as you can!
RMO Layoffs
I am hearing all kinds of rumors about RMO layoffs but no official announcement. People are offline and meetings cancelled last minute. Anyone know what is going on?
Brian is out
This will be interesting.. anyone else see the email? Wondering if this new person will be any better
JP Morgan downgraded Truist
JP Morgan analyst Vivek Juneja downgraded the stock from Neutral to Underweight and lowered the price target from $53.5 to $53.
The problem is leadership
The people running this place don't know what they're doing. They just play games and waste time. It's obvious and it's hurting everything.
Worst bank CEOs in history
1) Bill Rogers 2) Ken Thompson and everyone else at Wachovia 3) Kelly King 4) Ken Lewis 5-10) let’s hear who else is bad?
Earnings Call: Passing the Baton
Bill drew an analogy to a 4x4 relay race in this morning’s earnings call. “I feel really good about the baton passing. Think about the 4x100 relay. We’re passing the baton to someone that can run the last lap(?!?!) with a lot of speed.” Is this him... — read more
Touch, Trust, Technology
When’s the last time you heard anyone talk about “touch, trust, technology?” LOL. This morning we got 4 separate emails detailing various ways our technology is failing our clients. Really inspiring.
A-s Kissing Analysts
These analysts are hilarious st-----g Bill. There hasn’t been a worse performing bank ceo in decades.
Bill, Kelly. and mystery person?
Heard a rumor that there was a third individual at the secret hotel meetings. Any idea who that could be?
Getting Ready for Monday
Are there still departments out there that think their manager is gonna help them from returning to the office? The other employees that ARE coming in won’t stand for it. You’re just fighting the inevitable. We’ve all had to come back in and so... — read more
Just leave…
If you are debating leaving Truist and are afraid to, don’t be. It’s so much better being away from that place. You will make more money elsewhere and you will be happier. Don’t trust your leadership and hope that they do better because they won’t... — read more
Bill should be required to sit in the mess he mad
Why does bill get to leave when he sc--wed everything up? He should have to sit with his poor decisions until death. What a clown.
Applying to some jobs (IT) - what could I be in for?
The industry is tough so I’m being proactive and looking into open technology positions at Truist. Any advice or warnings to share? Keep it real with me folks!
Part Time Mike
I'm guessing that ML has continued his practice of short work days and long weekends - no work ethic.
I hate bill rogers
You ruined my life Bill. I HATE you.
Quiet quitting seems to be over
I haven't heard anyone talking about quiet quitting recently. Did everyone figure out that it's not actually a smart long-term strategy?
Fresh rumor: IT Leadership is looking at layoffs
Sounds like the CIO needs some additional funds to furnish his new lake home from Accenture and Infosys so he needs to send more money their way
Question for TIS FAs
If there was one thing you could change in the next year with Truist Investments, what would it be and why?
Truist messaging the greatest hypocrisy ever?
The large disconnect between Truist Messaging and the way it treats its employees and clients has to be the greatest hypocrisy of any marketing campaign. Employees are being set up, thrown out, and reputations smeared. Clients are getting over... — read more
The Wells Invasion
I’d like to get everyone’s thoughts on Wells Fargo leaders that are taking over in technology. Starting with Steve Hagerman down as old BB&T and SunTrust leaders are pushed out they’re being replaced by folks from Wells Fargo. They keep hiring... — read more
Bye Mije
We at Fiserv are so grateful that the the empty suit, cowatd Mike Lyons has moved on. He destroyed the retirement accounts of so many people, was the master of vapid nonsense- coordinate, collaborate, execute- blah blah blah. No work ethic, lazy... — read more
Is there anything stupider than "unwavering in care"?
Bank marketing doesn't really lend itself to creativity, but how bad is "unwavering in care"? How can you be sure, potential customer? Because we said so ourselves! Take our word for it in these paid advertisements, just please don't ask any current... — read more
Layoffs will continue until morale improves!
That genuinely seems to be the plan. I wish I was joking.
RIF in Collections
Teammates were let go and replaced by offshore. The gossip was we pay Infosys less $5 per hour for offshore. There's no way onshore can compete.
Are the "SVPs" next?
I keep hearing news that the useless "SVPs" are now getting hit. Let's keep up that momentum until they are all ou of there!
THE NEXT D-MB AND D-MBER
KELLY AND BILL SHOULD STAR IN THE NEXT SEQUEL.
CSBB Audit
I need you guys to set me straight or confirm what I'm seeing. Is audit currently a hellscape of poor management, training, consistency, and direction? I came from another bank knowing the red flags were visible but I literally cannot figure out... — read more
July 1 RMO layoffs?
Executives in my space keep taking about July 1 as if it’s a giant reorg day. It is definitely implying layoffs in RMO. Anyone else hearing it? I thought it might be a new CEO but they did that last week. Probably too late to do anything other than... — read more
A simple truth about where we're headed
I've been watching things deteriorate for a while now and it's very clear it's getting messier and more chaotic by the day. And I don't see it getting better any time soon. I think the best thing anyone can do is walk away. There's no future here.
Can the Phoenix rise from the ashes?
The past 5 years have been such a mess for this company. Clients, Staff, and investors have all suffered through what Kelly, Bill-n-Bo (at the time), and the boards though would be a huge payday for them. SunTrust and BB&T were culturally and... — read more
Bill and Kelly worst CEOs in the history of America
Who wants to submit them to the Guinness book of WR? How can you destroy 2 top 10 banks? Unreal!
What are the benefits of being a financial advisor for Truist
I’m considering a move to Truist. By the looks of it, Truist has high managed account fees, unattractive compensation grids, leadership turnover, etc. What are the benefits for being a financial advisor at this organization?
New CEO, hopefully a new start
Lyons need to start by rewriting the mission and vision statement, and permanently ban trigger words like "meaningful" and" "purpose-driven." The only purpose and mission Bill had was to run the company into the ground and take a meaningful amount of... — read more
Truist's Rank - WSJ - The 2026 Best Companies for the Future
The Wall Street Journal evaluates how leading US corps stack up in 6 areas: AI readiness, innovation, talent readiness, financial fitness, resilience and agility. Truist Financial ranks #404 overall with an Overall Score of 42.4, making it one of... — read more
The most incompetent and disloyal CEO incorporate America arrives at Truist.
Disloyal, sneaky and incompetent. Does the Truist boatd want to tank their stock?
Incompetence won't win
What I hate most about Bill Rogers retiring is he spent years running the company into the ground and due to HIS incompetence, caused mass layoffs of competent teammates, creating a cut-throat environment of incompetent leaders, forcing everyone to... — read more
Zero job security
This company can't be trusted. If you make too much money or someone doesn't like you, you're probably a target. In some divisions you have zero job security no matter how good you are. Start looking for a new job now and save up a rainy day fund.
Three things need to happen IMMEDIATELY on Sept 2!
1) Change the name of Truist. People still make fun of it. 2) Fire all management and hire business support groups to win business for the bank. Corrupt management has plagued this bank. 3) Get out of the d-mbest contracts alive with the golf... — read more