Topics regarding layoffs at Truist Bank

Topics regarding layoffs at Truist Bank

Bill’s Purpose Corner

What a tool. He believes his own nonsense. Similar to David Koresh….talking nonsense and in circles. Bill, do you ever say anything with actual substance? Maybe, get to know some actual real leaders in the work place. Any a--hat that reads... — read more 

Anyone refusing to RTO?

I'm supposed to be in office one day a week, after working 2 years fully remote. None of my team is there, despite the reason for returning being "collaboration". What a joke. I wish everyone in this company would refuse to RTO. They gonna fire all... — read more 

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| 13060 views | | 12 replies (last February 14, 2024)
Post ID: @OP+1qQTmw3Y

Incentive plan 2024

Has anyone seen the video of the new plan ? Is this just a way to insure that most branches will not be getting a bonus ?

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| 12360 views | | 6 replies (last February 1, 2024)
Post ID: @OP+1qPodTRJ

Lack of inter-department communication

As someone in CCB I am routinely astounded by the lack of communication between departments. Whether it's IRM partner groups like Wealth/Premier/Treasury/Merchant, back-office support, branches, etc. etc. Does anyone else notice how other... — read more 

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| 11880 views | | 7 replies (last February 4, 2024)
Post ID: @OP+1qPwdRYQ

Joe T

I have personally heard Joe Thompson speak many times. He has spoke with nothing but candor, compassion, and purpose. I fail to see why he is generating so much animosity. The only sensible answer is that we are yet again experiencing the endless... — read more 

Do it to them before they do it to you

Like the title says...do it to them before they do it to you. A once fine institution has become plagued with incompetent executive leadership. Threatening layoffs and cost cuttings while they take the private jet all over the footprint. If you... — read more 

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| 15160 views | | 6 replies (last January 31, 2024)
Post ID: @OP+1qMVzjsG

Feels like Truist could be the Wachovia of this cycle

Wachovia had a decent brand with good deposit gathering capabilities in good markets similar to Truist, it was just mismanaged based on poor acquisitions and credit quality. It ended up being acquired by Wells in a take under for a 7 handle per... — read more 

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| 18260 views | | 9 replies (last February 4, 2024)
Post ID: @OP+1qL23P3D

W-2 Help

I was laid off end of last year and was told I'd be able to access Workday for Tax Documents, benefits, etc. Naturally, I no longer had access post RIF. HR no help as my Employee ID is no longer active. I like to get ahead of my taxes, but not sure... — read more 

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| 15510 views | | 6 replies (last January 29, 2024)
Post ID: @OP+1qKkocOK

Billy and EL Townhall City Visits

Can we ask that when the circus folk jump off the clown bus and the music is blaring and lights are flashing that teammates not act like they are part of some crazy pseudo cult…..cheering, clapping, and yelling like mo--ns. Authenticity is a core... — read more 

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| 16700 views | | 11 replies (last January 31, 2024)
Post ID: @OP+1qKuXksm

Bank Bonus

Funding and accrue methods will shock many in 2 months. Shareholders may appreciate the cost savings but retaining talent should be a higher strategy. The amount of commercial and wealth teammates leaving is staggering. When you see what is... — read more 

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| 20550 views | | 22 replies (last January 26, 2024)
Post ID: @OP+1qJgkrn9

Ridiculous corporate speak

I just can’t stand corporate speak. I think mgmt is continuing to use it out of habit and self-importance. It made sense some time ago while there was still a pretense that a company is an organization, that there are sensible goals beyond cooking... — read more 

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| 17350 views | | 9 replies (last January 24, 2024)
Post ID: @OP+1qIJ4egu

Retirement Trophy

Did anyone else see The Source email and notice the new “trophy” that retirees will receive? Truist sends you a freaking trophy after you retire while saying there will be no money allocated for any retirement parties. POS

Overtime FLSA payments

Anyone hear anything more about the overtime payments? A number of us received an email last year about our jobs being retroactively coded as non-exempt, and we were told we'd be receiving payments for overtime worked.

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| 16320 views | | 4 replies (last January 23, 2024)
Post ID: @OP+1qH3b7pH

Insurance Sale may not Happen

The insurance sale is in real danger of not happening as no buyers think it is worth what Bill does. After the 6MM loss last week It will be interesting to know what Bill’s backup plan to raise capital and further cut expenses. Has anyone heard... — read more 

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| 17560 views | | 7 replies (last January 23, 2024)
Post ID: @OP+1qHyCetc

First Union 2.0

I haven’t checked in a while…. Whew, that VSRP I took was the best thing I ever did. Truist sounds like sad and depressing place to work.

Bonus Season?

Are we expecting bonuses this year or a dissapointing email from Bill?

Keep an eye out for Billie Boy's Salary Increase

As the new year gets under way we should get some info on our wonderful CEO's pay package for 2024. I'll be keeping an eye out for the news, but others here can help as well if they find it somewhere. "Times are tough" so I bet it will "only" be a... — read more 

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| 18910 views | | 5 replies (last March 20, 2024)
Post ID: @OP+1qEV78Bw

Q4 Pulse Survey

Anyone know when results of the d-mbed-down Q4 pulse survey will be published?

Fourth Quarter “Earnings”

This earnings call will be brutal! What is the $6.1 BILLION goodwill impairment charge? 2024 Outlook: Revenue down 1 to 3% Adj Expenses flat to up 1% NCOs up 15 bps from 2023 Billy has accomplished the impossible - he’s sailing this ship... — read more 

Insurance Sale

Does anyone have any insight into the sale of Truist insurance. Sounds like today's interest rate environment is making it difficult to get a deal done. Would expect further right sizing regardless

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| 18381 views | | 6 replies (last January 18, 2024)
Post ID: @OP+1qCI2G3P

Is their a less relevant top 10 bank?

Number six in assets at merger, number eight four years later. A lot of growth markets in the southeast of US and the mismanagement has allowed competitors to take business while they continue to try a be a larger investment bank. No one in the... — read more 

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| 18590 views | | 6 replies (last January 18, 2024)
Post ID: @OP+1qC1tnlV

Layoffs vs Leases

Just spotted on LinkedIn, and it rings true. "Crazy idea: instead of laying off your team, break your lease on your office. Save your rent money, pay their salaries, and let them work remotely. Thanks for coming to my TED talk."

Not so great bank anymore

*I actually worked for BB&T until a few months before the merger was announced when I voluntarily left for a better opportunity. At least in my region, I could see things beginning to take a different approach to client relations and treatment... — read more 

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| 19230 views | | 9 replies (last January 16, 2024)
Post ID: @OP+1qAnOeMY

Pension

I saw this in a previous post. Is it true? I hope not. "we will also lose further accumulation to the pension."

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| 20710 views | | 7 replies (last January 16, 2024)
Post ID: @OP+1qA0cYgm

Finding a new job

I still have my job, but I wouldn't be shocked if I get the boot in the next few months. My main problem is finding a good-paying job that's not a nightmare, especially for someone over 50. I've been searching online, and all I'm coming across are... — read more 

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| 19470 views | | 7 replies (last January 16, 2024)
Post ID: @OP+1qAYv97M

Bryce

So what happened? No immediate announcement like Meyer..did he get fired?

Next wave of layoffs

What positions do you think will be affected in next wave ? Foot soldiers or manager level or leadership level ?

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| 22680 views | | 7 replies (last January 14, 2024)
Post ID: @OP+1qwfCueb

Like a chessboard

People can be moved around like pieces on a chessboard but still not fix the problem.

Layoffs

Reduction in force...I was just affected by these layoffs. Worked before and after Christmas and New Years then get laid off after 12 years. CRAZY!! They send an email quarterly saying how much Net Income they've made In the mortgage sector... but... — read more 

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| 27740 views | | 25 replies (last January 12, 2024)
Post ID: @OP+1qusyeQY

What a joke-Billy Bob Rogers

Bill Rogers does not care about Truist or anyone that works for Truist. If he did, he would have voluntarily taken a cutback from his 13.24 million dollar salary to keep his frontline workers who make Truist money from losing their livelihood. It’s a... — read more 

It’s time to accept what has happened and move on,

To all the hBBT people, myself included, it’s time that we come to terms with reality. For every battle, there is a winner and a looser. For the battle of cultures, SunTrust won, we lost, it wasn’t even close. Our culture is dead, it’s gone, and... — read more 

Never have I ever

Seen so many layers of management and I have no idea of their Purpose.

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| 22450 views | | 3 replies (last January 9, 2024)
Post ID: @OP+1qrcF1WP

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