How big is this round?
We haven't heard anything yet
The anticipation is the worst.
Trying to function on two hours of sleep
That's all I managed last night. This is horribly stressful and it can't be good for either our mental or physical health. At least we can take comfort in knowing it will be done by the end of this week. I'm not optimistic enough to believe it will... — read more
Layoff Update Thread
Let’s consolidate into one thread. If you’ve been impacted, please provide any details you feel comfortable sharing regarding team, role, layoff process, severance, etc. Please all keep things respectful. This is a really hard time for everyone... — read more
At least they didn’t call it project bora bora
Which is annoying
Record Conversations Where Permissible
Employees in Virginia. You can legally your conversations with your boss without their knowledge. Virginia’s wiretapping laws state that only one person has to consent in a two person conversation. You do not have to ask for your boss’s consent... — read more
Branch Teammates/Branch Closures
Anyone know if the branch staff will be part of the RIF’s? Most branches work with a skeleton staff already. But rumors are floating around the branches of manager RIF’s and branch closures. I’m a branch employee and the environment is just sad. Our... — read more
Good Luck Tomorrow
I hope it'll not be as bad as I expect, I wish you all the best.
How does the layoff notification work?
Will they send out 1-1 invitations right in the morning all at once? Will the meeting invite come from HR or our manager?
Lack of leadership
If you want a textbook example of what a lack of leadership looks like, Truist is it. We are doomed unless there are major changes at the top.
When will banks stop laying people off?
This is making me so nervous. Every day I read about more layoffs in the banking sector. Knowing how insecure our jobs are at Truist, and knowing that finding a new job will be much harder than usual due to so many cuts all over the place is not... — read more
Layoffs planned for 11/6
I know for a FACT that huge org changes (including layoffs) are being announced next Monday 11/6. It’s being called Bloody Monday by those in the know.
Purpose Video
That Purpose video was something
Wholesale Payments Layoffs
Anyone get laid off today? Report here with any layoffs in Chris ward’s organization
Purpose Corner
What a load of cr-p. So the real message is “expect more layoffs starting now, and if you are in a Ops unit supporting a specialized line of business, you are screwed” Also have to love the “this is moving fast” comment. No William, spreading out... — read more
Losing control
Anyone else feel they are spiraling out of control and losing it? I cannot imagine losing my livelihood. Minimal job prospects out there due to state of the economy. Can’t go on
Truist is going downhill
Truist is going down hill quickly. Time to jump ship.
"Aligned with the Industry" 401K
Looking at others in the industry, Chase, BOA, and Regions match 100% of 5% so not sure how 4% is matching the industry.
Happy Holidays from Truist - the only bank doing layoffs in November and December
Layoffs this / next week, then again in December. The executives are trying to meet end of year staff reduction targets. This one is going to blow up in their faces as they navigate the negative headlines. The leaders with a conscience are furious... — read more
Happy Halloween!
Bonus, last October day I'll waste at this pathetic bank. Go purple!
Pretty Sure There Has Been a Cyber Incident
You guys know those fishing texts you all have been getting about your Truist Benefits changing? I'm getting those on my virtual cell number that I set up as soon as I started Truist, that's only ever been given to Truist teammates, I've never used... — read more
The power & importance of being together =
Return to office 5 days a week
Truist is primed to make headline news
I hope I’m wrong but with all the RIFs and RTO 5 days a week, no bonus, etc. I would not be surprised sadly if a teammate or teammates snaps and goes off the deep end. I hope I’m wrong of course, but this is the world we live in and it’s only... — read more
Examination of Employee Morale and Job Security
This guy has no idea how things are really going at SunTruist! Expense cuts of this magnitude can create a sense of uncertainty and lower employee morale within the organization. Employees may worry about the stability of their positions and question... — read more
Rate of change
This company went from poorly run to poorly compensated real fast. No bonus, less benefits, RTO moving to 5 days.
Layoffs this week
It's the first week of November, isn't that the usual layoff season?
Call out sick for M11 releases
As a protest to upcoming layoffs in “Mid-November”, product and technology teammates are encouraged to call out sick for upcoming M11 releases (11/16 - 11/19). This will impact Truist! Be strong and call out!
Abusive Relationship
Working for Truist is the same as being in an abusive relationship . Get out now before they ki-l you . I feel like I’m being chipped down bit by bit . My only job right now is find a new one . Good luck guys I want nothing but the best for my... — read more
CTO wants to get to 60/40
The CTO says that we are currently at 83 percent on shore and that he wants to get that down to 40 percent. Also, he said that his areas is at 50/50 fte to contractor mix. I guess we would need to know the number of FTEs in CTO to understand how... — read more
This is now the hilarious
A layoff where no one is getting laid off
Truist raising $1.75B in bond offering, making it the latest bank to raise capital
Truist Financial Corp. is pricing a $1.75 billion bond offering with strong demand on Wednesday, a source in the bond market told MarketWatch. Truist Financial (TFC) is expected to price the notes maturing Oct. 30, 2029, about 225 basis points over... — read more
Truist Purple Paper
Why would anyone listen to anything that the folks from this company have to... — read more
Truist to speak at the BancAnalysts Association of Boston Conference
Can’t wait to hear this commercial message about our Purpose Driven Financial Institution! CHARLOTTE, N.C., Oct. 25, 2023 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Chief Financial Officer Mike Maguire will speak at... — read more
When It’s Over
For everyone who survives the layoffs, you need to ask yourself a question - do you really want to work for a company that can so callously put its employees through the stress, uncertainty and frustration that everyone is facing now? Businesses... — read more
How to stay motivated?
I know there are going to be huge waves of layoffs (I mean it’s kinda happening already…), and I know being a low performer will only be more negative in this situation. But honestly speaking, ever since they announced that 300 million cut, all I... — read more
Wholesale Payments : One View & CPS (Payments Hub) layoffs
Apparently hiring was too aggressive pre-merger and during the merger. Layoffs to start next month just in time for the holidays!
Commercial Bank Credit Card Fiasco
Client calling saying their credit card declined. No reason for it. While it was being checked another commercial client called with the same issue. Long story short…… mo--ns at Truist coded all commercial credit cards holders as deceased and... — read more