I keep seein stories about how the IRS is 30 years behind on technology, still using the mainframe, and COBOL/Assembler languages. I also saw an interview where the speaker said all banks have already moved away from these legacy systems. I don't... — read more
Why go to college?
‘As a white male it makes no sense to invest in school other than a trade.’ I think this ideology will change. The push to a business degree was it allowed for multiple trades. As the workforce needs ppl a business degree will become important once... — read more
Does your raise compare to Bill and the boys (girls also)
CEO Bill Rogers saw a year-over-year increase in total compensation of about 12% in 2024, according to a new U.S. Securities and Exchange Commission filing. Rogers received a total pay package of $13.9 million last year. While Rogers' base salary... — read more
Bonus
Anyone leave post bonus?
Great company to invest in?
For a stock price that is now the same as it was 20 years ago. Dividends that are approaching 6%. (assuming they are not cut) How do the employees feel about it? (Reading comments here) How do clients feel about 800 numbers? (Reading comments... — read more
Great Recession 2.0 - Here We Come!
We should all be worried about layoffs and the economy. Experts are predicting a second Great Recession that could be worse than 2008. Banks like Truist will be hit hard. Scary times!
Conduent
After severing the contract with Conduent costing them millions, Truist is now crawling back again as some departments aren't doing so hot with Accenture and Infosys. Third time's a charm?
Was Beau fired? If so why?
Seems weird he left immediately?
Props to Truist
never thought I'd say this, but props to management for making things miserable. If it wasn’t for that mess, I'd still be stuck, not even thinking about leaving... but wow, it got bad and I had to do something. Now I'm heading somewhere that... — read more
Mass layoffs
HR employee here. Leadership is mentioning mass companywide layoffs by summer. Q1 is shaping up to be terrible in terms of financials and stock price performance.
Throttling all non-Truist web pages
It looks like they have started throttling all non-Truist web pages. I guess they assume that people don't need additional information from the internet to do their jobs at times. What a load of fools.
I miss BB&T
That's it. All I wanted to say.
Truist de-emphasizes DEI in latest annual filings
See article below. Contradicts what Bill said in Purpose Corner today 🤐 https://finance.yahoo.com/news/bofa-wells-truist-emphasize-dei-114701434.html
I can't believe I left a good job to join Truist
The biggest mistake of my career and it took me less than six months to realize it. Never again will I prioritize pay over everything else when changing jobs.
TAS Townhall
I hope to walk away with something from these town halls but all I get is a headache. The amount of BS in an hour and a half is unreal. How about we spend time on doing audits instead of listening to empty gestures. You lied and misled people to get... — read more
Truist Layoffs from Tariffs
Be prepared for layoffs from Trump’s tariffs. Will hit regional banks like Truist hard and will tank the stock price. Years of economic pain and higher inflation are forthcoming.
AI has us pegged
$10/mo SaaS better than all the consultants Q: “Can you tell me at a macro level in bullet points no longer than 10 words what is wrong with Truist?” A: “Here's a high-level view of issues with Truist: • Difficult post-merger integration of BB&T... — read more
Skills assessment
About 400+ email that employees have to rate themselves and then manager has opportunity to “update” the ratings…sounds like a precursor to layoffs…thoughts?
Total Reward Statement lies lies lies
This total rewards statement is a lie. Truist did not pay out more for medical insurance than the COBRA rate for my health insurance. Stop lying!!!
Management
Does anyone think there is bully culture at Truist? All the managers “strategically put in place” by their bosses during merger because of relationships and not so much for outstanding contributions. Now these so called managers think they are so... — read more
So cheap
On anyone but senior management
Tax Cuts for Bill
Great news congress is passing huge tax cut bill for the rich. About time Medicaid and food stamps get gutted. Some people should be detained in zoos. They act like animals and should be treated as such
Incentive
I work in a branch today we found out the incentive we would be getting for 4th quarter will be another two weeks. I've been here almost 10 years and this is the first time it's happened. I bet the executives got their bonuses on time. My coworkers... — read more
Efficiency
This bank would save tons of money if teammates were given proper access and classification. Also, if our systems actually “talked” to each other. It’s so stressful and time-consuming to manually track inputs just to ensure system accuracy across so... — read more
Discretionary 1% 401k match
Shame on all you haters hating Truist. Additional 1% 401k match to be paid 2/28, bringing total match to 5% for 2024. Truist is getting better and better for teammates!
CT&O Reorg
Any word on when the new Chief Technology Officer is going to reorg and begin the RIF's of his inflated teams?
Appreciation
I know many of you don't hear it from the managers and leaders, I want to say to those still here and those who aren't, I appreciate you. I wasn't particularly noticed but I noticed you all doing good, hard work and it made me proud to be among you. — read more
Branch Staffing
Why does Truist think we’re digital ready to start staffing branches with 4 or less people? We merged two banks together closed many branches and merged many into one only to start eliminating staff. Do they not think of vacations and sick time... — read more
Zaloni Arena - Long Game - Foundry
Is there anyone left who is likely to tell the new CIO the stories of Arena and Long Game?
Health Insurance?
Hello! I'm evaluating an offer from Truist, and I'm curious whether health insurance policies have a waiting period or if all benefits kick in immediately. I'm particularly concerned about occupational therapy and fertility benefits that may... — read more
DOGE
It’s shocking to see what is going on with the federal government What about Truist? Do we have any wasteful or corrupt spending that needs to be exposed?
Premier Losers
The head of Premier Banking called all Premier Bankers not going to Orlando losers as he signed of the Premier All Hands call on Friday. Is this how they inspire and build better communities? And, don’t forget his overt favoritism.
Mayo calls to not pay exec bonuses
In something that should be common sense Mayo said (See American Banker) “frequency of these double bonuses seem unprecedented” “investors have the options to vote their views… this can reject the status quo at the underperformers”
What a year
Hard to believe it’s been almost a year since Project Star. What was supposed to save the bank money resulted in paying retentions for people to stay and much higher dollar eternally hires and we’re still not better off.
Audit Promotions
Does anyone know how promotions work in audit? My people manager does not do one on ones and she is beyond checked out. Thanks.
TRUIST CULTURE
YOUR COMPANY CULTURE IS NOT WORDS ON YOUR WEBSITE OR POSTERS ON THE WALL. IT'S HOW YOUR PEOPLE FEEL ON A SUNDAY NIGHT.
Did anyone else see the cancelling black history month email?
Either on accident or purposefully, someone sent out an email chain between directors about cancelling black history month and how bad the optics would be if people figured out what they were doing Hilarious that someone leaked it, major props
Retail Goals Set for Q2-Q4
What reputable institution would go into a year nosediving with no vision for the teams they are entrusted to run. Yet again, another year with no direction for teammates. Front line management is likely to have goals and a plan by the 7th week in... — read more
pension
Am I missing something? Truist is one of the few companies that offer a pension. This is free money for the rest of your life after you retire. Is this one of the reasons why employees stay rather than leave for a potential higher salary?