Topics regarding layoffs at Truist Bank

Topics regarding layoffs at Truist Bank

I'm getting so tired of this

Instead of being reprimanded or even shown the door, the only "consequence" low performers see is being sidelined. Most of their work is transferred to the rest of us while they're ignored. Why this is being done is beyond me. Why reward somebody for... — read more 

New dormant status

Truist I think will take over Pfizer as the most dormant stock with no gains after the buyback boost goes away. The long term strategy just isn’t good.

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| 13500 views | | no replies yet
Post ID: @OP+1thEN1aA

Stock buybacks begin 3rd quarter

Bill and BOD sold insurance off so they can begin the stock buybacks to increase share price. Board voted to spend 5 bil on share buybacks. Some of you think Bill is gonna get the boot, LMFAO!

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| 16989 views | | 15 replies (last July 3, 2024)
Post ID: @OP+1tfSp0bA

Here’s how all this breaks down

The retail team, especially those in branches are the heart and soul of this bank when it comes to client facing roles. They take way more abuse than they deserve generally at the hands of departments that can’t seem to get their act together. This... — read more 

Layoffs next week?

There was talk a while ago about layoffs at the start of July, what happened to that? Has it been proven wrong or not? Should we worry about next week?

Retail Banking Updated

Long story short, corporate caught wind of what our region leaders were telling us to do with mid year reviews. Now our region leaders are advising us to share with BLs and their teams that we have to grade performance as the overall score number on... — read more 

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| 13510 views | | 2 replies (last June 28, 2024)
Post ID: @OP+1tfUh68v

Retail Banking

Long story short, middle management came to the conclusion that we should manufacture and manipulate how we will assess teammates and branch leaders this mid year. Our region leader told us that we now need to look at all individual categories on P2P... — read more 

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| 16370 views | | 13 replies (last June 30, 2024)
Post ID: @OP+1tehJHce

In-Office Requirements - Say Bye to WFH & Hybrid

Truist has recently mandated that employees return to the office, with the exception of a select few who are mysteriously exempt. This decision has left many employees frustrated and upset. The new executive managers, most of whom are external hires... — read more 

Lawsuit Filed Over Data Breach

WRAL.com is reporting that suit has been filed over the data breach. Here's to hoping, but not expecting, for heads to roll. https://www.wral.com/story/charlotte-based-truist-bank-sued-after-data-breach/21494665/

TN team

what is happening! so many people have left?

Dr. Death Out!!!

Dan Stephenson's reign of te---r is coming to end. His last day just announced July 1.

bad management committee

Who is starting this committee to turn in bad management to a website followed by large shareholders? Then the large shareholders can remove board and Billy Bob.

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| 15490 views | | no replies yet
Post ID: @OP+1t7IekRD

At what point is enough going to be enough

Since Kelly was fleeced in the merger Truist stock is down significantly, thousands of employees have been let go and a lot of top talent has bailed and taken clients with them, total assets has shrank, major revenue producing business has been sold... — read more 

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| 18540 views | | 20 replies (last June 24, 2024)
Post ID: @OP+1t5JmXof

Conduct Committee

Who caught the email about the new “Conduct Committee” and encourage teammates to turn in purpose driven teammates?!

Average cost of EEOC lawsuits

Average cost of EEOC lawsuit is $75,000 plus amount the company pays to settle discrimination or retaliation claims (which on average is $40,000). One would think Truist management would be more diligent in preventing these types of federal lawsuits... — read more 

Lie detector test

Shareholders should require all the Truist clowns like Billy Bob, Beau-zo, and Krusty Cagle to take lie detector tests to retain their jobs. Question 1: Are you making decisions in your best interest or the firm? Question 2: Do you hate people?... — read more 

Anyone still holding TFC stock?

I’ve read many opinions on this forum regarding the fate of Truist. Nearly all of them have displayed a lack of optimism. I too have ‘not so fuzzy feelings’ about the future. That being said, I stopped the employee purchase last year, but have kept... — read more 

Truist Data Breach Confirmed

htt ps://ww w.bleepingcomputer.com /news/security/truist-bank-confirms-data-breach-after-stolen-data-shows-up-on-hacking-forum/ But hey, I'm sure moving even more of our InfoSec, CyberSec, and IT teams offshore will make us even more secure... This... — read more 

Salary structure

Can someone comment the current salary structure per job grade for Truist? I know it was available via the intranet. I left and am looking to come back, but wanna make sure the job I’m applying for is within what I’m asking for. Glassdoor and other... — read more 

Back office slop

Does anyone else here find that pretty much ALL of back-office is an entire dumpster fire?? I can’t believe tfc doesn’t get into like serious lawsuits and stuff sometimes. From Credit/PM’s all the way down to back office IRM parter departments (like... — read more 

If I caught a wish fish

I would ask for just one thing - to mute for eternity anyone using a corporate speak.

MORTGAGE

Is anyone else in this department miserable?

TAS decline continues under Harbrecht

Had high hopes we would see change but status quo around here. Inept leaders being able to continue to lead as people walk out the door to competitors every week. Promotion talk whirling around for people who are obviously over their skis as a way... — read more 

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| 12620 views | | 4 replies (last June 18, 2024)
Post ID: @OP+1t0cP1Fi

Dan Stephenson

Dan, CIO, with West Point's might, Dreams of outsourcing, chasing light. "To follow the sun," his vision unfurls, For a fifth home, another yacht, his desires whirl. But on the golf course, with CEO Rogers, a muppet so merry, A stumble occurs, pants... — read more 

RTO NOT EQUAL

RTO NOT EQUAL. SOME REMOTE ON TEAM OTHERS ARE FORCED IN. MAKE ME UNDERSTAND HOW THIS IS FAIR!

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