Topics regarding layoffs at Truist Bank

Topics regarding layoffs at Truist Bank

Another STAR layoff initiative?

Is it true McKinsey is being hired as part of a second round of layoffs initiative? I thought we were done with layoffs after STAR completed. Sounds like more layoffs are around the corner!

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| 12400 views | | 3 replies (last February 19, 2024)
Post ID: @OP+1r7ucrF3

Two weeks notice after bonus

Who else is putting their two weeks notice in the week of March 18th after bonus payout and RSUs vest?

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| 12190 views | | 13 replies (last February 23, 2024)
Post ID: @OP+1r6BoErF

Sad....

It's sad that there are so many people that would rather be rif'd than one of the associates "left behind". What does that say about the company itself....

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| 10780 views | | 4 replies (last February 16, 2024)
Post ID: @OP+1r6gmOAP

This place is a chaos embodied

But I have to pick up so much work for people who have been sacked that I barely have a capacity to notice it. But, BUT, there is our lovely AI to help. NOT. I have a feeling that the C-suit is actually role-playing leading a bank. How about we start... — read more 

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| 11180 views | | 2 replies (last February 16, 2024)
Post ID: @OP+1r6veBAk

Chris Noe seems look a good dude

I must admit I really like the guy. I like his upbeat energy, collaborative spirit and optimism. He’s also very transparent which I really like.

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| 11460 views | | 4 replies (last February 15, 2024)
Post ID: @OP+1r5NcS1b

Is the back purposely trying to fail??

Why would you dump half or more of departments that are already struggling to keep up worth the job???? Offshore can’t do the job right and now that the department was riffed we can’t correct all their mistakes it’s going to be an audit... — read more 

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| 11070 views | | 5 replies (last February 15, 2024)
Post ID: @OP+1r52gZKL

So how’s Truist 2.0 going?

Most of you happy with the future of Truist? I’m betting many of you wish you had gotten out when you could. Now the stench of SunTruist hangs on you like smoke from a cigar bar and makes it harder to acquire new employment.

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| 10760 views | | 4 replies (last February 15, 2024)
Post ID: @OP+1r53x4IS

EDA Cuts - more coming?

It feels like they are not done. And it looks like keeping your fingers crossed works.

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| 11420 views | | 9 replies (last February 17, 2024)
Post ID: @OP+1r55Y0cT

Wealth setting itself on fire

I guess Truist figured out it's legal to force people to become contractors and employed by Accenture to skirt paying out severance. Super sketchy moves. The brain drain in tech is going to be monumental and the folks retained as FTEs are well aware... — read more 

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| 13650 views | | 20 replies (last February 16, 2024)
Post ID: @OP+1r5WzbU9

UX Research layoff team observation

I found it interesting that the entire UX research team supporting the One View product got laid off last November but now a consulting firm is being hired to do UX research for One View. Anyone know why this is? One would think a consulting firm... — read more 

TIS call today

TIS has unplanned call scheduled today at 1:30. Maybe we are going to be fed the BS that using Accenture more is going to make us more productive. Correction,Truist, it has resulted in delays in getting EVERYTHING done. AI looks at anything submitted... — read more 

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| 11550 views | | 12 replies (last February 15, 2024)
Post ID: @OP+1r4FJ7y0

HR had layoffs yesterday

So word was out yesterday in the hallways that HR was conducting their RIFs. What have you all heard? Pretty quiet in here about that.

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| 10170 views | | 11 replies (last February 15, 2024)
Post ID: @OP+1r34nWfN

Audit is a MESS

Before anyone says why haven't I left. I'm trying. 1 - I'm on my 5th manager in 1 year. Everyone has left (many cases for lesser paying jobs just to get out) that had any institutional knowledge or care for the organization. My current manager... — read more 

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| 11220 views | | 20 replies (last February 28, 2024)
Post ID: @OP+1r3kEXEF

What Should Happen Now - Shareholder Destruction

The stock price has been battered under Bill Roger's watch. What should happen is total decapitation of the management team - I just don't think the Board has the ba--s to do it. The only two people who know what they're doing are Mike Maguire and... — read more 

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| 8770 views | | 9 replies (last February 14, 2024)
Post ID: @OP+1r32TDKg

Bonus

Anyone know the date for bonus payout?

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| 11140 views | | 17 replies (last February 19, 2024)
Post ID: @OP+1r1xJYmb

Which one? Only two plausible scenarios.

Would love to hear your thoughts! More likely scenario? How can morale improve without a complete overhaul of Executive Management? Board fires Billy Bob (and others) and brings in a proven leader to instill confidence for all teammates with a... — read more 

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| 10440 views | | 14 replies (last August 28, 2024)
Post ID: @OP+1r0SqjYp

Current Wells Fargo manager looking to move to Truist

Do you Charlotte employees RTO 3 days a week? I went back to the office in March ‘22 3 days a week. Charlotte based. Looking to leave the dumpster fire that is WF. Hoping Truist is a little better??? Hearing mixed things. Thanks

RTO Policy

“It’s just not the same here without you!” I’m sure everyone saw the RTO article on The Source today. Are manager’s being required to enforce the RTO Policy? My team works in digital. We are not customer facing, that is we are a back office... — read more 

30 or 60-day notice?

Nervous about upcoming RIFs next week in my department. Anyone know if Truist is giving a 30 or 60-day notice to impacted teammates? Layoffs are happening in waves, so not sure if the Federal WARN Act applies here. I believe that applies only if... — read more 

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| 9630 views | | 7 replies (last February 14, 2024)
Post ID: @OP+1qXZHwOu

Culture at Truist Needs a Complete Overhaul

Especially in the Mortgage division. I was rif'd in 2022. I am a HBBT associate. PCE is ingrained in us. It's extremely hard to to go from a PCE mindset to a "we're focused on being the biggest bank around and doing things like the other big banks do... — read more 

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| 10260 views | | 7 replies (last February 8, 2024)
Post ID: @OP+1qXwdpib

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 scandal back in 2016 and 2018 - but things... — read more 

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| 10030 views | | 7 replies (last February 9, 2024)
Post ID: @OP+1qW43HH2

Severance agreement

Did you know the reason companies offer severance is so the RIFed employee does not sue? Has anyone here that was laid off not signed the severance agreement, and then filed a lawsuit against Truist? Would love to hear your experience please.

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| 9990 views | | 7 replies (last February 9, 2024)
Post ID: @OP+1qVjvJHX

This is why SunTruist is the best of the best!

Truist today announced that for the third consecutive year it was named among the JUST 100 by JUST Capital and CNBC as part of its 2024 Rankings of America's Most JUST Companies. This year, Truist ranked #14 overall out of 937 brands. "Truist is... — read more 

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| 9580 views | | 7 replies (last February 6, 2024)
Post ID: @OP+1qVGH2pq

Disability / EEOC lawsuit

Anyone here ever experienced an employee with an ADA protected disability filing a EEOC lawsuit against Truist (or any of the heritage banks) for wrongful termination or employment discrimination? Curious if Truist settled and how much the... — read more 

If you were cut recently

How is the job search going? I know a couple of folks who've been looking for over two months and claim they still can't get a decent offer. Is that everybody's experience or have others been able to find something good? I'm just generally curious... — read more 

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| 9660 views | | 7 replies (last August 16, 2024)
Post ID: @OP+1qVU2lHj

Go away Billy Bob

Hey Billy Boy. Can you fu-k up any worse than you already have? I think the answer is yes. Why don’t you do us all a favor and leave. Take your millions and just leave. You and your buddies have ruined a good bank. I’m not saying that BB&T was... — read more 

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| 11170 views | | 5 replies (last February 5, 2024)
Post ID: @OP+1qTltHoT

Enterprise Payments (Digital) - Bonuses

Just heard bonuses in Chris Noe’s organization will be cr-p in March. Hard to stay motivated with all the expense cutting (401k match from 6% to 4%) and paltry bonuses for 2023. I’m sure all the executives will get huge bonuses. Sometimes I wish I... — read more 

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| 11260 views | | 8 replies (last February 6, 2024)
Post ID: @OP+1qTAQWKi

Mike Mayo and Truist

This is your reminder that one year ago Mayo was bullish on Truist. How quickly things can change. Surprised Bill n Joe didn’t hire him to run the current iteration of the old SHR. Wells Fargo analyst Mike Mayo maintained a Buy rating on Truist... — read more 

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| 10650 views | | 5 replies (last October 1, 2024)
Post ID: @OP+1qStWRyI

Sterling no more

Truist sells Sterling Capital to Guardian Capital Group. Deal closes Q224. I’ll be interested to hear the rational for this divestiture

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| 11460 views | | 12 replies (last February 6, 2024)
Post ID: @OP+1qShCN2w

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