Topics regarding layoffs at Truist Bank

Topics regarding layoffs at Truist Bank

Agile CoE laid off

Entire Agile CoE team was laid off yesterday. Thought Project STAR and layoffs were complete?

March layoffs?

Heard about Agile tools/coe team today. Was there any other impact?

Non-Leadership Roles with corporate titles

This is the first company I have ever seen where non-Leadership roles are officers and assistant vice presidents. Are they just dishing these titles out to any body?

Sinking Ship

Truist is a sinking ship. The leadership have no idea what they’re doing. They layoff people to cover up their mistakes. I have zero faith in this company or leadership. They make everyone’s job way more difficult than it needs to be. It’s the worst... — read more 

RTO 5 Days a Week

Now that project STAR is complete, announcement coming soon

Never have I…

Never have I worked at a company with more miserable employees, who hate their jobs, but are stuck because the job market is so tough. Morale is awful and watching all the leaders who game themselves big bonuses gloat about how great they are on... — read more 

Never have I…

Worked at a company where so many employees are miserable, hate their jobs, but are not able to leave because the job market su-ks. Has anyone else? Is this what 2007 was like before the housing market crashed?

by
| 16410 views | | 1 reply (March 20, 2024)
Post ID: @OP+1rDVrB1f

Truist CRE

Thoughts on the new and “improved” Truist CRE? CRE portfolio managers and analysts resigning left and right. Hundreds of millions of dollars of RE secured loans going unmonitored. Management stinking up the place.

by
| 16310 views | | 7 replies (last March 26, 2024)
Post ID: @OP+1rCUOD2Z

Material Risk Taker LTI Clawback

Looks like an arbitrary process to keep from paying out stock incentives. Who decides? Does management get kick backs for keeping LTI low?

by
| 15500 views | | no replies yet
Post ID: @OP+1rCIMCJd

TFC Equity?

Did TFC get equity his year? Insurance apparently got none.

Outsourcing CTO

Just heard they are bringing in Accenture to analyze groups for outsourcing. They’ll do it under the guise of “strategic planning”. If your group is under review, get those resumes polished up!

“Just got paid today

Got me a pocket full of change” Bye bye SunTruist. You will not be missed!

by
| 17180 views | | 4 replies (last March 19, 2024)
Post ID: @OP+1rvGTs3e

Is it hard to get fired from Truist

As an individual contributor is it difficult to get fired from Truist for performance issues? Can someone outline the steps that are taken such as putting a teammate on a performance improvement plan before the teammate is terminated?

TAS jobs

Truist Audit Services, led by MUFG spies, has laid off so many people because they want to be more efficient, only to now turn around and add more audit roles. How does that make any financial sense? Poor management couldn’t ethically use the... — read more 

Layoffs next week?

Do we know about any, or are we waiting for the coming Q report? I wish for one week, just one, of peace.

Pension Payout

For those fully vested in the pension and leaving/terminated, what options were you offered?

EDA Jobs?

Funny thing - people in my Charlotte network are getting solicitations from recruiters about jobs that are obviously the ones just cut from EDA. It's pretty clear they are just flushing the toilet, and refilling the bowl. EDA needed that for sure -... — read more 

by
| 16590 views | | no replies yet
Post ID: @OP+1rqMWS9E

Billy’s March Purpose

I didn’t want to listen to a thing the sellout said, but I clicked on it to read the comments. GOOD GRIEF! Some people have their heads so far up the Truist rear end they can’t see straight. What is funny is the two people who wrote the exact same... — read more 

Truist failing or being acquired

Who all would like to see Truist fail as a bank or be acquired by another financial institution? I sure would! Would love to see this bank go down!

Systems Slowdown

Truist sends down major updates on many Wealth systems and we freaking can’t do our work! I sent a message asking what was going on. Response? “Well, there are updates and it will work like before once they finish and you restart your... — read more 

We should be allowed to volunteer for RIF

I know this would never happen, but it would be so great if they did. I bet 80% of the workforce would volunteer. While the C-suite is left in absolute shock.

Truist is becoming depleted of competent workers

At this rate we will be freed from even remotely competent people. Constant layoffs have been depleting the place, culture chases people away, many are leaving on their own after bonuses, and Truist’s rep is so bad that they are going to have a real... — read more 

2 weeks notice after AIP payout

I’m putting my two weeks notice in 3/18, so my last day is 4/1. This is mainly for health insurance reasons. If your last day is between the first and 14th day of the month, your insurance benefits are good until the 14th. For those that have left... — read more 

Merit "Increases"

Looks like the vast majority of folks are getting a paltry 2% merit increase this year regardless of actual performance. Coupled with the 2% 401k CUT, we all worked last year for a net 0% effect on our salary. Oh, but I'd wager my life savings that... — read more 

401k Match

Anyone know when can employees expect 401k matches to show up in accounts?

Damage control

What will Truist’s fearless leaders do for damage control when they realize so many people left after bonus? Will they publish a video reminding teammates how great of a company it is and that we have a great opportunity to make a difference?

Ethics Office HR Legal in cahoots

Watched this now in HR and sitting in the second line. Employee claims go no where and never fully investigated. Mostly dropped or prematurely deemed unsubstantiated. If legal feels there could be ramifications negative to Truist they shut it... — read more 

Somebody really f’d up

I got a two emails saying I was getting a bonus and it is 70% of target. The emails had about 10 or 12 other names of other people who were also getting bonuses. They got the exact same calculation. Since I can’t stand this company, I’m thinking... — read more 

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

: