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
February Riff - water cooler talk
Has anyone heard when EDD (whatever they calling themselves now) riffs will be in February?
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
Rebuild Morale...Rebuild Trusr
Move Beau to CEO RIF-Buchanan RIF-Thompson RIF-Poole
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 ?
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
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
Negotiating Severance Agreement
Has anyone spoken to an attorney about negotiating the severance agreement? Is there any improvement?
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
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
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 HR no help as my Employee ID is no longer active.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
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
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
Next layoff cycle(feb 2023)
Any insights on next layoff cycle? Heard massive cuts are coming on Feb this month.
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
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.
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
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
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
Culture: SunTrust vs. BB&T
Similarities and differences?
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
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
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
Pension
I saw this in a previous post. Is it true? I hope not. "we will also lose further accumulation to the pension."
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
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 ?
EDO has been affected a lot during this wave of layoffs
Most of the ppl in EDO that are in leadership positions have been laid off, and again hiring new ppl, it doesn’t make sense
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
Data and AI got wacked
Does this mean we won’t be getting that Alexi BankGPT bot?
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.