Topics regarding layoffs at Truist Bank

Topics regarding layoffs at Truist Bank

4x per week and no stocked breakroom

My favorite part is the barren break rooms with no tea or coffee I've asked CREW about it and they say it's the business unit's responsibility to stock it. My leadership in ET doesn't stock our floors at all. "Creature comforts" are just that, for... — read more 

Congratulations to Executive Leadership

What a blowout quarter with the stock ripping over 3.5%. Our fearless leader Bill Rogers put that little mouse Mike Mayo in his place letting him know that the "Purpose" isn't just about having a happy motivated employee base but also firmly noted... — read more 

I don't feel valued at Truist

I don't feel like what I do matters when it comes to forwarding my career. However hard I work, I'm expected to do more even though I'm one of the top performers in my group. The harder I work, the more is expected of me and I get nothing in return... — read more 

Leaving for a competitor

I assume a lot of people are looking for a better company to work for due to the 4 day in office requirement (among MANY other reasons). When you put your two week notice in to work for a competitor, does Truist let you fulfill your two weeks, let... — read more 

Earnings call

Yeah, so the question from M Mayo about making sure shareholders are taken into consideration in addition to teammates is absolutely hilarious. Trust me, teammates are not happy or taken into consideration 😂

First Union / Wachovia V2

How long until we see this go the way of the First Union / Wachovia merger. This "thing" is failing without a major market event. What would have to Suntruist if it had to face a major market disruption.

4 days...soon to be 5

Truist is requiring 4 day in office work for hybrid workers. News flash you are not really hybrid when 80% of your time is in the office. Given the large reduction in force initiative that has been ongoing since Truist was formed; this is just a way... — read more 

RTO 4 days/week discussion

At this point what is Truist doing to actually help its employees? In 2024 alone: Benefits are worse 401k match was decreased RTO 4 days now requires teammates to purchase parking if they were remote before or increase parking from partial... — read more 

I am one of the few lucky ones

I hate to see how bad it got for so many in the past few years. I am lucky to work for a great manager who makes sure we're all satisfied at our jobs. He's old school, from the time when managers worked on the premise that a happy employee is a good... — read more 

4 days week in office?

I’ve heard rumblings of this for awhile and usually ignore it. But heard from 3 different people today that the announcement is coming out Wednesday that beginning in October we will be required to be in the office 4 days a week. Anyone else... — read more 

Joe Thompson

With all the news of the recent layoffs of top executives, it proves that Joe Thompson was nowhere near as bad as a few made him out to be. (And it was likely the same person pretending to be many people)

How can I position myself for a layoff?

I'm ready to move on and I believe I deserve to be paid for the years of mistreatment I've endured here. While I know there's no assurance I'll be included in the next round of layoffs, I'd love to be able to increase my odds. Does anybody know what... — read more 

Q1 Financials - Abysmal!

Q1 financials are horrible. More mass layoffs enterprise wide to occur May through August. All areas of the bank will be impacted.

Denise is out

Is she really “retiring” or did the BOD finally come to their senses? How long will MAM last?

Out with the old, In with BIG BANK experience

Keep an eye out for reemergence of those "eliminated" positions. Regulatory pressure is so intense that qualified, dedicated, skilled staff are being ignored for roles due to lack of "big bank" experience. Roles in Audit, Risk and GCO are only... — read more 

What Happened to Will Voorhees

There was a post and then removed. What happened? Must have been a bad situation, assuming with his side kick TZ?

PA/NJ

Anyone from the PA/NJ commercial region here? Would love to chat - a CCS who misses the old leadership

EEOC Complaint

Anyone ever filed an EEOC complaint against Truist? What was the outcome of the complaint?

The Word is out

Have seen goofs post over and over how the word is out! Nobody wants to work at Truist! As if other bigger banks offer some sort of truly caring atmosphere. Anyway, I just saw on LI we poached a market president from B of A. The word on the street! — read more 

Theranos No One Knows

Working here is like working at Theranos, under Elizabeth Holmes. Do your job without adequate rules, access, and tools. We are busy working, the goal posts change constantly and teammates are kept in the dark about rule changes. Feels liken a... — read more 

Owned by private equity

What do you think it will be like for Insurance employees after the subsidiary is owned by these private equity groups? Better or worse?

Treasury / Payments

Is the treasury / payments platform getting any better? Why are people and clients leaving? Culture? Inability to meet client needs?

El is on panic mode

You can hear it, feel it, and see it. The entire leadership is panicking. No one has a clue what they are supposed to be doing. A complete lack of direction from the top down.

Worth a repost

Leadership at The Firm and Investment Bank Being here the past 5-10 years, before the merger and after, it's clear there is a lack of leadership across the board. Look at a place like Wells Fargo - they were a dismal failure rocked by scandal upon... — read more 

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| 14560 views | | 4 replies (last April 7, 2024)
Post ID: @OP+1rRV8hzM

We are the best again

Just kidding, still worse in customer satisfaction: Truist was ranked last among the 14 national, superregional and regional banks cited in the Southeast part of the survey, while Wells Fargo was ranked 13th. Before BB&T’s $33.4 billion purchase of... — read more 

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| 15060 views | | 7 replies (last April 4, 2024)
Post ID: @OP+1rRx0pTi

Anyone else in insurance fearing more RIFs?

There have been several waves of layoffs in insurance, with another wave last week. We think it was a smaller group this time, but supposedly precipitated by the trio of PE firms who will own insurance in Q3. I’m sure packages won’t be as substantial... — read more 

Any success with HR when filing a complaint ?

I have a manager that recently yelled at me and threatened me with more work than I can handle. I am thinking of complaining to HR. Anyone have experience with this sort of thing?

This is not where talent wants to come

We have so many jobs open because we can't fill them. The applicant pool is poor and can't get anyone with any solid audit background to apply let alone commit. It's a joke most of the interviews I have done. We have people leading groups with no... — read more 

Performers Resigning?

Since we are past bonuses being paid, has there been an up tick performers resigning. Believe this will be an on-going issue impacting everyone left as well as ability to generate revenues. Thoughts?

Bully managers

Is it just me or does anyone else also think there are quite some bullies that masquerade as leaders? These leaders want to do a “performance assessment” of you but there is no oversight of their performance, that is until you go to HR. But HR would... — read more 

Don’t look now

But the great leadership of Bill, Beau and your BOD is working. I forgot about Mike. Stock is 39$ plus. This is what happens when leadership decides to lead and not let you Teammates have your way. This isn’t Burger King you don’t get to have it your... — read more 

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| 17440 views | | 16 replies (last April 17, 2024)
Post ID: @OP+1rLwvgaR

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