Topics regarding layoffs at Truist Bank

Topics regarding layoffs at Truist Bank

More tomorrow

Don't think it's over for a second. There'll be more cuts tomorrow.

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| 16230 views | | 4 replies (last January 4, 2024)
Post ID: @OP+1qp43WpQ

Underpaid and undervalued

Who else believes they are underpaid and feel undervalued at Truist? I might be wrong, but I have a feeling this is the majority of the workforce. Truist has been treating all of us like cr-p ever since it came to be. I hope I can find a new job as... — read more 

Severance is not what you think...

Was RIF'd in November. Severance hits before EOY... 45% taxed. Looks like it's being taxed like a bonus. That 12 weeks of severance pay now plays more like 4-6 if you stretch it. Purpose.

Will there be more branch closures ?

Was this just the tip of the iceberg . Will there be more branch closures to come ? Will they start cutting postions in the branches so we’re skeleton crew ?

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| 13380 views | | 7 replies (last January 4, 2024)
Post ID: @OP+1qn0G3FW

Employee Pay Scales - are you paid fairly?

See below for the midpoint by grade, so what they'd offer someone off the street to do your job in Charlotte. 101 / 53,740 102 / 56,055 103 / 59,175 104 / 61,895 105 / 64,830 106 / 70,305 107 / 78,475 108 / 90,535 109 / 101,915 110 / 114,975 +15%... — read more 

Things are not looking good for 2024

If people hoped next year would be better, a new survey says otherwise. Mass layoffs are in store for 2024, and it might end up affecting nearly half of companies, according to a new poll. That's the latest information from a Resume Builder survey... — read more 

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| 18330 views | | 6 replies (last December 29, 2023)
Post ID: @OP+1qiqZcEB

I’ve lost all faith in Truist and EL

Like the title states, I’ve lost all faith. This is not how you lead and manage effectively. It’s sad that a once fine institution (BB&T) has become the pile of sh-t. I feel like BR is just trying to run down the bank until he can sell it for once... — read more 

Cleaning time

20 year SunTrust vet here. Left on own accord at closing of deal. They This was such a complimentary merger on paper. SunTrust with a really strong middle markets commercial biz and BBT with an amazing consumer platform. (SunTrust’s consumer... — read more 

8K SEC filing - Donta new salary: 750k, 6MM total comp

Compensation Increase for Dontá Wilson: the Committee approved a substantial compensation increase for Mr. Dontá Wilson, who was promoted in November to Chief Consumer and Small Business Banking Officer. Effective January 1, 2024, his base salary... — read more 

New Truist Motto

I propose this motto for the Investment Services division: we will take something that every firm has one or two steps to complete and give you 10-12 here at TIS. TIS will not allow you to put multiple teammates names on a pre-printed thank you... — read more 

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| 16340 views | | 3 replies (last December 22, 2023)
Post ID: @OP+1qcpXeVJ

Time to go Union like Wells Fargo

🏧💵🏦 Or apply at Walmart, same thing as banking now! Banking used to be a respectable job, not so much anymore 💲💰🤑

by
| 15370 views | | 4 replies (last December 28, 2023)
Post ID: @OP+1qcrddAF

Branch closings

Out on the nc dept of banking there’s a list of 70-75 branches bank is closing March 19

by
| 15350 views | | 5 replies (last December 22, 2023)
Post ID: @OP+1qcpJTDL

Weaver call 1/5/24

CCB massacre comes on January 2nd and 3rd. Coach Weaver will sooth the Teammates that remain and tell us how great the future is going to be. If you remain you are the future of SunTruist and you have our faith and confidence, oh by the way my wife... — read more 

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| 15920 views | | 10 replies (last December 24, 2023)
Post ID: @OP+1qbMeQMy

JD Power ranking

We’re still number nine out of nine but Bill can say we’re getting better: Truist was ranked ninth again with a score of 624 out of a possible 1,000. Although the score was 29 points below the industry average of 653, it represented a 19-point... — read more 

by
| 18030 views | | 10 replies (last December 21, 2023)
Post ID: @OP+1q9z7KAL

You’ve got it all wrong…

What us hBB&T’ers are so salty about is the fact that we had it soooo good. And it was stripped away by SunTruist. Great culture, fair pay, good benefits, sense of pride in working for a stable institution so committed to its roots and communities... — read more 

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| 20360 views | | 15 replies (last December 21, 2023)
Post ID: @OP+1q8Vpb5B

Jacksonville

What is happening the the North Florida area?

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| 20390 views | | 12 replies (last December 19, 2023)
Post ID: @OP+1q5XU8Yy

This bank is trash

Our risk partners are gone and no one has any idea who to work with. Several major initiatives are staffed exclusively with contractors. No one knows who their boss will be with the next wave of announcements in January. Nothing is getting done... — read more 

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| 21470 views | | 15 replies (last December 20, 2023)
Post ID: @OP+1q5QkWUp

Wealth is in Shambles

With the layoffs of Wealth bankers and those in Operations and Supervision it is taking over 5 days to get an account approved for investment, 2 days to load on Envesnet and the get a clients funds invested. I had two wire that I had to do that were... — read more 

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| 20680 views | | 10 replies (last December 21, 2023)
Post ID: @OP+1q5Vrym8

AIP & BIP

Who has factual information about AIP & BIP funding rates for this year’s company & individual performance?

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| 21090 views | | 8 replies (last December 15, 2023)
Post ID: @OP+1q4dFcQW

Rogers from Goldman Sachs symposium

Just read the transcript and not once did Bill use the word purpose. Color me shocked. Talk about word salad, wow, we are the best banking franchise in this country! Go read it, his perception versus the reality we all see is quite striking.

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| 20280 views | | 5 replies (last December 16, 2023)
Post ID: @OP+1q43D6e5

This is exhausting

Thinking about layoffs and RTO all the time, accepting that raises and bonuses will most likely be nonexistent, being resigned to working in a toxic environment...this is all so exhausting. I am old enough to remember when working meant having job... — read more 

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| 23910 views | | 26 replies (last December 17, 2023)
Post ID: @OP+1q3jLB2n

Rsus

Did they cut rsu’s for next year?

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| 22600 views | | 7 replies (last December 17, 2023)
Post ID: @OP+1q2vZxnu

Kellogg School of Management

We have hired a large number of grads from Kellogg in the last 3 years. I know the reputation is supposedly impeccable but why and where did the fascination of grads from here suddenly come from?

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| 21330 views | | 4 replies (last December 13, 2023)
Post ID: @OP+1q2Ddod6

McGriff

What is going on between Truist and McGriff? All McGriff were removed from all Truist buildings. Seems like something is up, besides just spinning off to Truist Ins Holdings

by
| 24030 views | | 11 replies (last December 18, 2023)
Post ID: @OP+1q1Zazv2

Just got the news

As my time at Truist comes to an end They tried to break me but I didn't bend I observed from leadership what not to I do I got a purpose coloring book too Now it is time to bid you adieu

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| 22950 views | | 4 replies (last December 12, 2023)
Post ID: @OP+1q1Gjrto

Raises

Do we get raises?

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| 24160 views | | 20 replies (last December 14, 2023)
Post ID: @OP+1q1XMAiR

LinkedIn jobs

If they are doing all of this RIFing, Why does Truist have hundreds of job openings on LinkedIn in tech? I am looking for a job and wondering if these job openings are legit.

As long as there's severance, I'm good

I wouldn't be happy if I were to be laid off but as long as they provide decent severance, I'll be okay with it. I've looked at job openings and there are plenty of good positions available right now. I haven't started applying but it's good to know... — read more 

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| 25140 views | | 9 replies (last December 10, 2023)
Post ID: @OP+1pYDmaWg

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