Topics regarding layoffs at Truist Bank

Topics regarding layoffs at Truist Bank

I said this before and I'll say it again

Work the absolute minimum. Prioritize your family, prioritize your friends, prioritize your alone time...in essence, prioritize everything over work. Truist doesn't deserve more from you.

RTO BS

RTO has nothing to do with collaboration. It's all about control.

RTO and my plans

Today's purpose corner just reiterates that senior leadership does not care about the employees. We all know this 4 day a week requirement has nothing to do with collaboration but instead is around tax breaks and commercial real estate. Therefore I... — read more 

Employement Cost Index

The report came in today at a 4.2% annual increase in average worker wages. Nice to see we are getting increases that are HALF (or less) than what the average American worker is getting. Thank you Executive leadership! This is all on YOU! Keep... — read more 

Total Rewards Site

Not too much of substance here; who else is not good with the propaganda of appeasement that this site is serving? It really doesn't make up for the decrease in the 401k match or be punished in comp due to poor executive choices.

Living our values

Seriously who comes up with this cr-p? Trustworthy Caring One Team Success Happiness None of these five relate to Truist at all, FIRE BILL

Summer layoffs

Anyone else able to confirm the rumors on mass layoffs this summer after Q2 earnings are released?

Update on Pension

Funding target 2021 was 119.06% Funding target 2022 was 118.71% Funding target 2023 was 77.19% Shortfall of $1.5 Billion with minimum required contribution of $272... — read more 

Pension plan

Pension is now poorly funded. Was 119% now 77%. I guess the same guy that was managing our deposits is running the pension plan too!!😬

Town Hall - DTC Lending/David Smith

Anyone else here on that call Tuesday? Typical old school cheerleading type purpose and care talk segmenting into randomly introducing the head of deposits. I don’t even remember his name. The call lasted an “hour and a half with question time at the... — read more 

No leadership

Truist is run by self-aggrandizing megalomaniacs without real skill. With a leadership like that, we are doomed.

Interesting

Well now a future CEO is on the board right? Truist Financial Corporation (NYSE: TFC) announced today that Laurence Stein, 56, has been newly elected to the Truist Board of Directors. Stein will join the 12 directors who were re-elected by... — read more 

Employee Stock Purchase

I did the stock purchase for 1.5 years. Stopped in December. Not a lot in it. Sell or hold? Will we even ever hit 40 a share???

4x per week and no stocked breakroom

My favorite part is the barren break rooms with no tea or coffee I've asked CREW about it and they say it's the business unit's responsibility to stock it. My leadership in ET doesn't stock our floors at all. "Creature comforts" are just that, for... — read more 

Congratulations to Executive Leadership

What a blowout quarter with the stock ripping over 3.5%. Our fearless leader Bill Rogers put that little mouse Mike Mayo in his place letting him know that the "Purpose" isn't just about having a happy motivated employee base but also firmly noted... — read more 

I don't feel valued at Truist

I don't feel like what I do matters when it comes to forwarding my career. However hard I work, I'm expected to do more even though I'm one of the top performers in my group. The harder I work, the more is expected of me and I get nothing in return... — read more 

Leaving for a competitor

I assume a lot of people are looking for a better company to work for due to the 4 day in office requirement (among MANY other reasons). When you put your two week notice in to work for a competitor, does Truist let you fulfill your two weeks, let... — read more 

Earnings call

Yeah, so the question from M Mayo about making sure shareholders are taken into consideration in addition to teammates is absolutely hilarious. Trust me, teammates are not happy or taken into consideration 😂

First Union / Wachovia V2

How long until we see this go the way of the First Union / Wachovia merger. This "thing" is failing without a major market event. What would have to Suntruist if it had to face a major market disruption.

4 days...soon to be 5

Truist is requiring 4 day in office work for hybrid workers. News flash you are not really hybrid when 80% of your time is in the office. Given the large reduction in force initiative that has been ongoing since Truist was formed; this is just a way... — read more 

RTO 4 days/week discussion

At this point what is Truist doing to actually help its employees? In 2024 alone: Benefits are worse 401k match was decreased RTO 4 days now requires teammates to purchase parking if they were remote before or increase parking from partial... — read more 

I am one of the few lucky ones

I hate to see how bad it got for so many in the past few years. I am lucky to work for a great manager who makes sure we're all satisfied at our jobs. He's old school, from the time when managers worked on the premise that a happy employee is a good... — read more 

4 days week in office?

I’ve heard rumblings of this for awhile and usually ignore it. But heard from 3 different people today that the announcement is coming out Wednesday that beginning in October we will be required to be in the office 4 days a week. Anyone else... — read more 

Joe Thompson

With all the news of the recent layoffs of top executives, it proves that Joe Thompson was nowhere near as bad as a few made him out to be. (And it was likely the same person pretending to be many people)

How can I position myself for a layoff?

I'm ready to move on and I believe I deserve to be paid for the years of mistreatment I've endured here. While I know there's no assurance I'll be included in the next round of layoffs, I'd love to be able to increase my odds. Does anybody know what... — read more 

Q1 Financials - Abysmal!

Q1 financials are horrible. More mass layoffs enterprise wide to occur May through August. All areas of the bank will be impacted.

Denise is out

Is she really “retiring” or did the BOD finally come to their senses? How long will MAM last?

Out with the old, In with BIG BANK experience

Keep an eye out for reemergence of those "eliminated" positions. Regulatory pressure is so intense that qualified, dedicated, skilled staff are being ignored for roles due to lack of "big bank" experience. Roles in Audit, Risk and GCO are only... — read more 

What Happened to Will Voorhees

There was a post and then removed. What happened? Must have been a bad situation, assuming with his side kick TZ?

PA/NJ

Anyone from the PA/NJ commercial region here? Would love to chat - a CCS who misses the old leadership

EEOC Complaint

Anyone ever filed an EEOC complaint against Truist? What was the outcome of the complaint?

Start a new thread - post a news comment, question or message:

: