Topics regarding layoffs at Truist Bank

Topics regarding layoffs at Truist Bank

The Word is out

Have seen goofs post over and over how the word is out! Nobody wants to work at Truist! As if other bigger banks offer some sort of truly caring atmosphere. Anyway, I just saw on LI we poached a market president from B of A. The word on the street! — read more 

Theranos No One Knows

Working here is like working at Theranos, under Elizabeth Holmes. Do your job without adequate rules, access, and tools. We are busy working, the goal posts change constantly and teammates are kept in the dark about rule changes. Feels liken a... — read more 

Owned by private equity

What do you think it will be like for Insurance employees after the subsidiary is owned by these private equity groups? Better or worse?

Treasury / Payments

Is the treasury / payments platform getting any better? Why are people and clients leaving? Culture? Inability to meet client needs?

El is on panic mode

You can hear it, feel it, and see it. The entire leadership is panicking. No one has a clue what they are supposed to be doing. A complete lack of direction from the top down.

Worth a repost

Leadership at The Firm and Investment Bank Being here the past 5-10 years, before the merger and after, it's clear there is a lack of leadership across the board. Look at a place like Wells Fargo - they were a dismal failure rocked by scandal upon... — read more 

by
| 14560 views | | 4 replies (last April 7, 2024)
Post ID: @OP+1rRV8hzM

We are the best again

Just kidding, still worse in customer satisfaction: Truist was ranked last among the 14 national, superregional and regional banks cited in the Southeast part of the survey, while Wells Fargo was ranked 13th. Before BB&T’s $33.4 billion purchase of... — read more 

by
| 15060 views | | 7 replies (last April 4, 2024)
Post ID: @OP+1rRx0pTi

Anyone else in insurance fearing more RIFs?

There have been several waves of layoffs in insurance, with another wave last week. We think it was a smaller group this time, but supposedly precipitated by the trio of PE firms who will own insurance in Q3. I’m sure packages won’t be as substantial... — read more 

Any success with HR when filing a complaint ?

I have a manager that recently yelled at me and threatened me with more work than I can handle. I am thinking of complaining to HR. Anyone have experience with this sort of thing?

This is not where talent wants to come

We have so many jobs open because we can't fill them. The applicant pool is poor and can't get anyone with any solid audit background to apply let alone commit. It's a joke most of the interviews I have done. We have people leading groups with no... — read more 

Performers Resigning?

Since we are past bonuses being paid, has there been an up tick performers resigning. Believe this will be an on-going issue impacting everyone left as well as ability to generate revenues. Thoughts?

Bully managers

Is it just me or does anyone else also think there are quite some bullies that masquerade as leaders? These leaders want to do a “performance assessment” of you but there is no oversight of their performance, that is until you go to HR. But HR would... — read more 

Don’t look now

But the great leadership of Bill, Beau and your BOD is working. I forgot about Mike. Stock is 39$ plus. This is what happens when leadership decides to lead and not let you Teammates have your way. This isn’t Burger King you don’t get to have it your... — read more 

by
| 17480 views | | 16 replies (last April 17, 2024)
Post ID: @OP+1rLwvgaR

Agile CoE laid off

Entire Agile CoE team was laid off yesterday. Thought Project STAR and layoffs were complete?

March layoffs?

Heard about Agile tools/coe team today. Was there any other impact?

Non-Leadership Roles with corporate titles

This is the first company I have ever seen where non-Leadership roles are officers and assistant vice presidents. Are they just dishing these titles out to any body?

Sinking Ship

Truist is a sinking ship. The leadership have no idea what they’re doing. They layoff people to cover up their mistakes. I have zero faith in this company or leadership. They make everyone’s job way more difficult than it needs to be. It’s the worst... — read more 

RTO 5 Days a Week

Now that project STAR is complete, announcement coming soon

Never have I…

Never have I worked at a company with more miserable employees, who hate their jobs, but are stuck because the job market is so tough. Morale is awful and watching all the leaders who game themselves big bonuses gloat about how great they are on... — read more 

Never have I…

Worked at a company where so many employees are miserable, hate their jobs, but are not able to leave because the job market su-ks. Has anyone else? Is this what 2007 was like before the housing market crashed?

by
| 16410 views | | 1 reply (March 20, 2024)
Post ID: @OP+1rDVrB1f

Truist CRE

Thoughts on the new and “improved” Truist CRE? CRE portfolio managers and analysts resigning left and right. Hundreds of millions of dollars of RE secured loans going unmonitored. Management stinking up the place.

by
| 16320 views | | 7 replies (last March 26, 2024)
Post ID: @OP+1rCUOD2Z

Material Risk Taker LTI Clawback

Looks like an arbitrary process to keep from paying out stock incentives. Who decides? Does management get kick backs for keeping LTI low?

by
| 15500 views | | no replies yet
Post ID: @OP+1rCIMCJd

TFC Equity?

Did TFC get equity his year? Insurance apparently got none.

Outsourcing CTO

Just heard they are bringing in Accenture to analyze groups for outsourcing. They’ll do it under the guise of “strategic planning”. If your group is under review, get those resumes polished up!

“Just got paid today

Got me a pocket full of change” Bye bye SunTruist. You will not be missed!

by
| 17180 views | | 4 replies (last March 19, 2024)
Post ID: @OP+1rvGTs3e

Is it hard to get fired from Truist

As an individual contributor is it difficult to get fired from Truist for performance issues? Can someone outline the steps that are taken such as putting a teammate on a performance improvement plan before the teammate is terminated?

TAS jobs

Truist Audit Services, led by MUFG spies, has laid off so many people because they want to be more efficient, only to now turn around and add more audit roles. How does that make any financial sense? Poor management couldn’t ethically use the... — read more 

Layoffs next week?

Do we know about any, or are we waiting for the coming Q report? I wish for one week, just one, of peace.

Pension Payout

For those fully vested in the pension and leaving/terminated, what options were you offered?

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

: