Topics regarding layoffs at Truist Bank

Topics regarding layoffs at Truist Bank

Which segments/LOB's are growing in assets (if any)

Genuinely curious. Are we offsetting this bleed with some awesome deals in CIB or some segment I'm not very in touch with maybe? I assume not due to the rate environment -- but it feels like I must be missing something.

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| 22340 views | | 6 replies (last January 9, 2024)
Post ID: @OP+1qq40bxb

In case you were wondering…

Weaver’s wife’s passport made it to them the Thursday before the Saturday before their trip to Italy. What a joke of a leader.

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| 21660 views | | 6 replies (last January 10, 2024)
Post ID: @OP+1qqlz571

WHAT happened to metrolina region?

This is the most toxic it has ever been, no one works together, no support, absolutely no leadership, no staff. After years in this area and being the proclaimed "headquarter" region I felt like we were sheltered from some of the nonsense but now it... — read more 

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| 21051 views | | 4 replies (last January 5, 2024)
Post ID: @OP+1qq1aa3g

For those doubting hBB&T

For those who went through the BB&T LDP, you will remember the ropes course game we played. We separated into teams to try and when points to see which would obtain the most. We quickly realized that if all the teams worked together we all won and... — read more 

Agonizing

This is the lottery from H3LL Most everyone has a ticket and it’s a waiting game to see if your number gets picked. Sadly, top management is sitting out. Sitting sooooo far out in left field (of Truist Park) that they don’t... — read more 

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| 20500 views | | 1 reply (January 5, 2024)
Post ID: @OP+1qqMaJKl

ET Layoffs

Heard that multiple managers and worker bees under CM in Enterprise Technology were let go today. Anybody have info on when/where more layoffs will hit ET?

Merger of Disaster

I’m a BBT at heart until I die. This was/is the absolute worst thing I have ever experienced. I have never been on medication for anxiety and depression. Truist has NO MORALS. They don’t give a dog **** about their employees or customers. All they... — read more 

Ridiculous place to work

This place is becoming one of the most ridiculous places to work. “Inspire and build better lives and communities”- since when? This place is about being nice and bending over backwards for our “premier” clients, and treating actual people who need... — read more 

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| 19550 views | | 13 replies (last January 6, 2024)
Post ID: @OP+1qp6PRXK

Fear of layoffs as corporate strategy

Mediocre performance, layoffs, spending on toys instead of critical infrastructure, and an expanding executive team that rewards itself handsomely for failure. Not being paid fairly and not doing anything about it is the mentality they hope you... — read more 

CCB continues to bleed

Not to beat a dead horse but in CCB (specifically in Commercial or Business Connect size) it's honestly been a dumpster. Feels like every day I'm hearing of decent sized accounts leaving. Yesterday had a company accountant call in telling me how... — read more 

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| 16291 views | | 1 reply (January 5, 2024)
Post ID: @OP+1qpuR5iW

January Purpose Corner is Up

Care. Purpose. Regional deposit powerhouse. Positive energy. All my concerns have been addressed with the Jan. Purpose Corner.

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| 15970 views | | 9 replies (last January 5, 2024)
Post ID: @OP+1qpOi5zO

My motivation is all but gone

What's the point? No matter how hard I work, my chances of being laid off are just the same as those of a person who barely does any work. Since people are being laid off based on their pay instead of performance, why should we bother with giving it... — read more 

More tomorrow

Don't think it's over for a second. There'll be more cuts tomorrow.

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| 16230 views | | 4 replies (last January 4, 2024)
Post ID: @OP+1qp43WpQ

Underpaid and undervalued

Who else believes they are underpaid and feel undervalued at Truist? I might be wrong, but I have a feeling this is the majority of the workforce. Truist has been treating all of us like cr-p ever since it came to be. I hope I can find a new job as... — read more 

Severance is not what you think...

Was RIF'd in November. Severance hits before EOY... 45% taxed. Looks like it's being taxed like a bonus. That 12 weeks of severance pay now plays more like 4-6 if you stretch it. Purpose.

Will there be more branch closures ?

Was this just the tip of the iceberg . Will there be more branch closures to come ? Will they start cutting postions in the branches so we’re skeleton crew ?

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| 13380 views | | 7 replies (last January 4, 2024)
Post ID: @OP+1qn0G3FW

Employee Pay Scales - are you paid fairly?

See below for the midpoint by grade, so what they'd offer someone off the street to do your job in Charlotte. 101 / 53,740 102 / 56,055 103 / 59,175 104 / 61,895 105 / 64,830 106 / 70,305 107 / 78,475 108 / 90,535 109 / 101,915 110 / 114,975 +15%... — read more 

Things are not looking good for 2024

If people hoped next year would be better, a new survey says otherwise. Mass layoffs are in store for 2024, and it might end up affecting nearly half of companies, according to a new poll. That's the latest information from a Resume Builder survey... — read more 

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| 18330 views | | 6 replies (last December 29, 2023)
Post ID: @OP+1qiqZcEB

I’ve lost all faith in Truist and EL

Like the title states, I’ve lost all faith. This is not how you lead and manage effectively. It’s sad that a once fine institution (BB&T) has become the pile of sh-t. I feel like BR is just trying to run down the bank until he can sell it for once... — read more 

Cleaning time

20 year SunTrust vet here. Left on own accord at closing of deal. They This was such a complimentary merger on paper. SunTrust with a really strong middle markets commercial biz and BBT with an amazing consumer platform. (SunTrust’s consumer... — read more 

8K SEC filing - Donta new salary: 750k, 6MM total comp

Compensation Increase for Dontá Wilson: the Committee approved a substantial compensation increase for Mr. Dontá Wilson, who was promoted in November to Chief Consumer and Small Business Banking Officer. Effective January 1, 2024, his base salary... — read more 

New Truist Motto

I propose this motto for the Investment Services division: we will take something that every firm has one or two steps to complete and give you 10-12 here at TIS. TIS will not allow you to put multiple teammates names on a pre-printed thank you... — read more 

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| 16340 views | | 3 replies (last December 22, 2023)
Post ID: @OP+1qcpXeVJ

Time to go Union like Wells Fargo

🏧💵🏦 Or apply at Walmart, same thing as banking now! Banking used to be a respectable job, not so much anymore 💲💰🤑

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| 15370 views | | 4 replies (last December 28, 2023)
Post ID: @OP+1qcrddAF

Branch closings

Out on the nc dept of banking there’s a list of 70-75 branches bank is closing March 19

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| 15350 views | | 5 replies (last December 22, 2023)
Post ID: @OP+1qcpJTDL

Weaver call 1/5/24

CCB massacre comes on January 2nd and 3rd. Coach Weaver will sooth the Teammates that remain and tell us how great the future is going to be. If you remain you are the future of SunTruist and you have our faith and confidence, oh by the way my wife... — read more 

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| 15960 views | | 10 replies (last December 24, 2023)
Post ID: @OP+1qbMeQMy

JD Power ranking

We’re still number nine out of nine but Bill can say we’re getting better: Truist was ranked ninth again with a score of 624 out of a possible 1,000. Although the score was 29 points below the industry average of 653, it represented a 19-point... — read more 

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| 18050 views | | 10 replies (last December 21, 2023)
Post ID: @OP+1q9z7KAL

You’ve got it all wrong…

What us hBB&T’ers are so salty about is the fact that we had it soooo good. And it was stripped away by SunTruist. Great culture, fair pay, good benefits, sense of pride in working for a stable institution so committed to its roots and communities... — read more 

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| 20400 views | | 15 replies (last December 21, 2023)
Post ID: @OP+1q8Vpb5B

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