Topics regarding layoffs at Truist Bank

Topics regarding layoffs at Truist Bank

bad management committee

Who is starting this committee to turn in bad management to a website followed by large shareholders? Then the large shareholders can remove board and Billy Bob.

by
| 15490 views | | no replies yet
Post ID: @OP+1t7IekRD

At what point is enough going to be enough

Since Kelly was fleeced in the merger Truist stock is down significantly, thousands of employees have been let go and a lot of top talent has bailed and taken clients with them, total assets has shrank, major revenue producing business has been sold... — read more 

by
| 18470 views | | 20 replies (last June 24, 2024)
Post ID: @OP+1t5JmXof

Conduct Committee

Who caught the email about the new “Conduct Committee” and encourage teammates to turn in purpose driven teammates?!

Average cost of EEOC lawsuits

Average cost of EEOC lawsuit is $75,000 plus amount the company pays to settle discrimination or retaliation claims (which on average is $40,000). One would think Truist management would be more diligent in preventing these types of federal lawsuits... — read more 

Lie detector test

Shareholders should require all the Truist clowns like Billy Bob, Beau-zo, and Krusty Cagle to take lie detector tests to retain their jobs. Question 1: Are you making decisions in your best interest or the firm? Question 2: Do you hate people?... — read more 

Anyone still holding TFC stock?

I’ve read many opinions on this forum regarding the fate of Truist. Nearly all of them have displayed a lack of optimism. I too have ‘not so fuzzy feelings’ about the future. That being said, I stopped the employee purchase last year, but have kept... — read more 

Truist Data Breach Confirmed

htt ps://ww w.bleepingcomputer.com /news/security/truist-bank-confirms-data-breach-after-stolen-data-shows-up-on-hacking-forum/ But hey, I'm sure moving even more of our InfoSec, CyberSec, and IT teams offshore will make us even more secure... This... — read more 

Salary structure

Can someone comment the current salary structure per job grade for Truist? I know it was available via the intranet. I left and am looking to come back, but wanna make sure the job I’m applying for is within what I’m asking for. Glassdoor and other... — read more 

Back office slop

Does anyone else here find that pretty much ALL of back-office is an entire dumpster fire?? I can’t believe tfc doesn’t get into like serious lawsuits and stuff sometimes. From Credit/PM’s all the way down to back office IRM parter departments (like... — read more 

If I caught a wish fish

I would ask for just one thing - to mute for eternity anyone using a corporate speak.

MORTGAGE

Is anyone else in this department miserable?

TAS decline continues under Harbrecht

Had high hopes we would see change but status quo around here. Inept leaders being able to continue to lead as people walk out the door to competitors every week. Promotion talk whirling around for people who are obviously over their skis as a way... — read more 

by
| 12620 views | | 4 replies (last June 18, 2024)
Post ID: @OP+1t0cP1Fi

Dan Stephenson

Dan, CIO, with West Point's might, Dreams of outsourcing, chasing light. "To follow the sun," his vision unfurls, For a fifth home, another yacht, his desires whirl. But on the golf course, with CEO Rogers, a muppet so merry, A stumble occurs, pants... — read more 

RTO NOT EQUAL

RTO NOT EQUAL. SOME REMOTE ON TEAM OTHERS ARE FORCED IN. MAKE ME UNDERSTAND HOW THIS IS FAIR!

Purpose, Passion, and Performance

Place is a cult. They’ll film a Netflix documentary about it someday. Ship is sinking while EL id--ts play word salad. You can’t wordsmith yourself into a profitable company. Every remaining line of business is cr-p. Get out…

by
| 14530 views | | 7 replies (last June 10, 2024)
Post ID: @OP+1sVgriK1

Merger with US Ban

Executives from US Bank were in Charlotte yesterday and met with Bill, Mike M and the Board. There is a concerted effort to merge both banks. This is from a viable source. Truist as we know it won’t be around after first half 2025.

What is CT&O?

I’m acronymed to death. What does CT&O mean please?

Rebadge as Accenture or lose severance?

Is it true that teammates are being told they have to rebadge as Accenture or be laid off and if they choose layoff they get no severance? If this is truly how Truist is operating then I’m disgusted and ashamed to be associated with such a place. — read more 

Quietly Quitting

Comment if you are. Believe 50% or more teammates are actively disengaged.

CT&O Outsourcing

Any word yet on when Accenture takes over? I heard they were working with the monitoring group to figure out their jobs and that they were the first to get RIF'd and/or rebadged to Accenture. Anyone have updates?

Leadership underperformance

Truist has reduced 3,500 teammates or about 8% since last year. Expenses are still only flat for 2024. 72 additional branches have been shuttered on top of over 800+ since the merger. There is still no commitment to reduce or hold growth in expenses... — read more 

Rogers at the Bernstein conference 5/30/24

Link below: what a bunch of word salad by BillyBob. Puposeful! https://seekingalpha.com/article/4696831-truist-financial-corporation-tfc-bernsteins-40th-annual-strategic-decisions-conference

by
| 15031 views | | 18 replies (last June 4, 2024)
Post ID: @OP+1sOxX3h1

ESPP refund to rebadged Accenture

I don't remember them informing us they would be refunding the ESPP money for the last 6 months rather than purchasing Truist stock at the employee discount rate with it. Instead, I have mine in my post tax column as a refund. So, they've taken out... — read more 

accenture

New word is that Dan's plan involves firing a bunch more people and whoever is left will be forced to become accenture contractors losing all benefits. Can anyone else confirm this?

Is it worth trying to stay on for pension

Honestly looking for constructive feedback here — not just “it won’t exist!” comments etc. I’m in my early 30’s and about 3 years in at tfc. I don’t love my job but I’ve come to realize it’s decently cushy and I am fortunate to be one of the few... — read more 

Pension

Does the pension increase with inflation?

Start a new thread - post a news comment, question or message:

: