Topics regarding layoffs at Truist Bank

Topics regarding layoffs at Truist Bank

Purpose, Passion, and Performance

Place is a cult. They’ll film a Netflix documentary about it someday. Ship is sinking while EL id--ts play word salad. You can’t wordsmith yourself into a profitable company. Every remaining line of business is cr-p. Get out…

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| 14530 views | | 7 replies (last June 10, 2024)
Post ID: @OP+1sVgriK1

Merger with US Ban

Executives from US Bank were in Charlotte yesterday and met with Bill, Mike M and the Board. There is a concerted effort to merge both banks. This is from a viable source. Truist as we know it won’t be around after first half 2025.

What is CT&O?

I’m acronymed to death. What does CT&O mean please?

Rebadge as Accenture or lose severance?

Is it true that teammates are being told they have to rebadge as Accenture or be laid off and if they choose layoff they get no severance? If this is truly how Truist is operating then I’m disgusted and ashamed to be associated with such a place. — read more 

Quietly Quitting

Comment if you are. Believe 50% or more teammates are actively disengaged.

CT&O Outsourcing

Any word yet on when Accenture takes over? I heard they were working with the monitoring group to figure out their jobs and that they were the first to get RIF'd and/or rebadged to Accenture. Anyone have updates?

Leadership underperformance

Truist has reduced 3,500 teammates or about 8% since last year. Expenses are still only flat for 2024. 72 additional branches have been shuttered on top of over 800+ since the merger. There is still no commitment to reduce or hold growth in expenses... — read more 

Rogers at the Bernstein conference 5/30/24

Link below: what a bunch of word salad by BillyBob. Puposeful! https://seekingalpha.com/article/4696831-truist-financial-corporation-tfc-bernsteins-40th-annual-strategic-decisions-conference

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| 15060 views | | 18 replies (last June 4, 2024)
Post ID: @OP+1sOxX3h1

ESPP refund to rebadged Accenture

I don't remember them informing us they would be refunding the ESPP money for the last 6 months rather than purchasing Truist stock at the employee discount rate with it. Instead, I have mine in my post tax column as a refund. So, they've taken out... — read more 

accenture

New word is that Dan's plan involves firing a bunch more people and whoever is left will be forced to become accenture contractors losing all benefits. Can anyone else confirm this?

Is it worth trying to stay on for pension

Honestly looking for constructive feedback here — not just “it won’t exist!” comments etc. I’m in my early 30’s and about 3 years in at tfc. I don’t love my job but I’ve come to realize it’s decently cushy and I am fortunate to be one of the few... — read more 

Pension

Does the pension increase with inflation?

Stock

Stock price continues to su-k. Even with all the layoffs and the abandoning of profitable lines of business, no progress there.

Mass Sick Day

Anyone hearing talk about a protest mass sick day call out? I heard a rumor that hundreds of employees are talking about a plan to call out sick at some point to protest the lack of transparency and the overall push to fire American workers. Anyone... — read more 

Truist over BoA, Wells, First Citizens or Ally?

For those in Charlotte, with the RTO now at 4 days a week, just curious of your thoughts on remaining at Truist vs looking at the plethora of other financial institutions just down the street?

CT&O Layoffs

Does anyone actually know when the CT&O layoffs will start and how many will be impacted?

Dan Stephenson needs go

Dan is a toxic leader and is single handedly destroying CT&O. We desperately need a new CIO that will recognize how unqualified Dan is as CTO and find a replacement.

In the Branch they Beg you to Stay

So many people are quitting the branch that when people put in their two weeks, the ares will come to the branch and start negotiating for you to stay. The area leader will cancel their meet and make that U turn to the branch. Someone put in there... — read more 

I pretend I have bad hearing

I have everyone I work with convinced that i have bad hearing. Because of this people now have conversations around me thinking i can not hear. I can hear fine. I hear really good in fact. Comes in handy when my boss calls out my name & I want to... — read more 

TAS MDs on the chopping block

Many people are saying JD will be the first to go. Followed by MM. Maybe MAM makes it. Maybe not. So many good people left TAS over the past year. It’s sad really. But also a great thing. We can right the ship and have a productive dept.

CT&O Cisco & Accenture

This was just confirmed in our weekly Monday call "CT&O, Truist will be moving forward with Accenture and Cisco "per Dan "There will be employee impact". Better fix your resume and goodluck to you all.

Stressed

my boss goes around, looking malnourished from all the stress Truist puts on them. This is your sign to ki-l grandpa off again and take that week off. That behavioral mental day is not long enough. Your granddaddy would want you to have those extra... — read more 

Downloading a program

Does anybody know if Truist keeps track if you download a program into your work laptop?

Truist fire drills are a joke

the truist tower in atl has been doing practice fire drills. now when i was in school, we left the building during the fire drill. at the tower all we do is take the stairs 5 floors down and stayed there. a few minutes passed and we werre told to go... — read more 

CCB All Hands

What an absolute joke of a call. No energy. No progress. Deck typos. We have MMB leaders and bankers POURING out the doors. Is there any leadership? Is there any cohesion?

BEAU-ZO

Anyone watch the grand prize game? Beau would steal the prize from the winning kid.

Exec management team

Is it me or does everyone on the exec management team look like a sea creature? I see a sea lion, a malaysian trumpet snail, and a Blowfish right off the bat. Maybe the sl--e and bottom feeding is what they all have in common? Now we know so be... — read more 

Truist PGA event is lame

Truist can ruin the PGA too. I wont be attending bc Truist will probably attack the patrons and steal their wallet at entry.

The Source propaganda piece

Article titled: A need for speed What a complete joke of an article. A propaganda fluff piece about the operating council. They pat themselves on the back for a job well done and their best evidence of this is the sale of insurance... When proof... — read more 

What happened to teammate engagement surveys?

We used to do quarterly teammate engagement surveys. The results declined to a point where they wouldn’t even share the results and I haven’t seen a survey since. Any idea if they will resume?

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