Anyone notice the trends last 2 years?
Bonus last Date
What's the last date that you can leave and still get your yearly bonus?
So Harold Ford jr is Lyons first former PNC hire
Reporting to Lesher in what they are calling a strategic advisory role as a vice chair of wholesale banking. Interesting to say the least!
New CEO
The new CEO is going to be amazing! There will not be any more layoffs, the 401k match will go to 12%, everyone can work remote 5 days a week, all salaries will be increased 20%, annual increases will be 10% minimum, and every teammate will get their... — read more
Comments on Bill Rogers Retirement
The brown nosers replying to Bill's retirement post on LinkedIn make me sick! Bill ran this place into the ground!
Truist Investments Morale
We’ve had a lot thrown at us over the last 18-24 months. How’s everyone feeling?
Question For the new CEO around 401k
As we focus on retaining top talent, is the bank considering reinstating the discretionary 1% 401(k) match that teammates have received in the past?
How is the RTO going?
In my location nothing has changed. Desks with names printed on paper are still empty? So what was the point of this useless exersise other than to take away the last flex day for the de-valued teammates required to be in desks 40 hours? I hope... — read more
Now's the time to start looking
I've seen too many coworkers get laid off and panic because they'd been out of the hiring game for years. Start looking even if you're staying. Apply, interview, and keep your resume fresh. The worst that happens is you see what's out there. The best... — read more
The real question is “why hasn’t Truist flourished?”
At the outset there was a great footprint, a lot of good people, a seemingly strong set of businesses, solid client loyalty and an opportunity in the banking landscape. What will the business school case studies say went wrong?
Get rid of specialized industry group/verticals
Specialized industry groups-waste of Money w AI
Positions being eliminated
I have seen 2 SVPs say their positions have been eliminated. This was on LinkedIn. What is going on? The new CEO is not even official yet.
Sep 1 is coming soon
Any guess what are the priorities of the new CEO?
Don't fear layoffs
Getting laid off from Truist was the best thing that happened to me. It just took time to see it.
Who on the Operating Council is the most incompetent?
Who on the Operating Council, in your opinion, should our new CEO layoff first?
Censorship active again?
I posted yesterday regarding Rogers’ new monthly video with new CEO and specifically discussed one particular comment and my post is deleted.
Layoffs for folks not coming into the office
When layoffs happen, higher up managers are going to be looking at the folks that have yet to return to the office. Employees are ratting out managers who don’t make their employees come back into the office. The morale is nonexistent and the... — read more
Going the extra mile used to pay off
Not anymore. The people doing the bare minimum are getting all the same raises and the same recognition as we do. And when it's time to cut folks, we all have the exact same chance of being affected. What incentive does that leave for us?
Smoke 'em if you got 'em.
Thinking this explains everything if your willing to consider context today. . Non-Proforma Market Capitalization Pre-Merger Market Cap (Dec 2019) BB&T $41.60 Billion SunTrust $31.10 Billion Combined Independent Baseline $72.70 Billion August... — read more
Fake cards
The Indian Enforcement Directorate (ED) says more than 1,000 Truist Bank debit cards were allegedly distributed in India in the name "Santosh Kumar” and alleges this change was made to conceal the identities of the actual users and avoid drawing... — read more
Internal job applications
Is it standard practice at truist to blind copy management when you apply for roles internally? I don't mass apply however I watch the job boards and occasionally apply for things I think would be a good fit. Each time my manager reaches out and has... — read more
CSBB Audit team departure
Another departure from the CSBB audit team. This time a director only there for a year and a half. You have a managing director that is pregnant and will be out on leave. A recently promoted director out on leave. What is going on with management in... — read more
Culture of _________
What does it say about a manager who does not partake in the Truist anniversary celebrations for his/her direct reports? Is this business as usual at Truist or a symptom of undesirability within the management ranks?
Will there be big layoff after the new CEO comes on board?
Anyone has a guess based on his prior experiences?
Truist Job Elimination
The company eliminated the jobs of multiple employees. They only told them that their job was eliminated on their last day with no previous warning, giving no time for them to find other positions. The company rather had these employees spend their... — read more
Historic layoffs coming! Increase savings!
Historic layoffs are beginning as AI will be dramatically installed from now til the end of the year. Increase your emergency funds as much as you can!
RMO Layoffs
I am hearing all kinds of rumors about RMO layoffs but no official announcement. People are offline and meetings cancelled last minute. Anyone know what is going on?
Brian is out
This will be interesting.. anyone else see the email? Wondering if this new person will be any better
JP Morgan downgraded Truist
JP Morgan analyst Vivek Juneja downgraded the stock from Neutral to Underweight and lowered the price target from $53.5 to $53.
The problem is leadership
The people running this place don't know what they're doing. They just play games and waste time. It's obvious and it's hurting everything.
Worst bank CEOs in history
1) Bill Rogers 2) Ken Thompson and everyone else at Wachovia 3) Kelly King 4) Ken Lewis 5-10) let’s hear who else is bad?
Earnings Call: Passing the Baton
Bill drew an analogy to a 4x4 relay race in this morning’s earnings call. “I feel really good about the baton passing. Think about the 4x100 relay. We’re passing the baton to someone that can run the last lap(?!?!) with a lot of speed.” Is this him... — read more
Touch, Trust, Technology
When’s the last time you heard anyone talk about “touch, trust, technology?” LOL. This morning we got 4 separate emails detailing various ways our technology is failing our clients. Really inspiring.
A-s Kissing Analysts
These analysts are hilarious st-----g Bill. There hasn’t been a worse performing bank ceo in decades.
Bill, Kelly. and mystery person?
Heard a rumor that there was a third individual at the secret hotel meetings. Any idea who that could be?
Getting Ready for Monday
Are there still departments out there that think their manager is gonna help them from returning to the office? The other employees that ARE coming in won’t stand for it. You’re just fighting the inevitable. We’ve all had to come back in and so... — read more
Just leave…
If you are debating leaving Truist and are afraid to, don’t be. It’s so much better being away from that place. You will make more money elsewhere and you will be happier. Don’t trust your leadership and hope that they do better because they won’t... — read more
Bill should be required to sit in the mess he mad
Why does bill get to leave when he sc--wed everything up? He should have to sit with his poor decisions until death. What a clown.