Forget stressing over the salary for a moment. Try to focus on other things, like how interested you are in the work you'll be doing and whether the company culture is a good fit. I did this, and while I'm paid less, the mental load is way lighter... — read more
Pulse Survey is Out
There is a comment section this time. You know what to do. We all know they won't share the results, of course!
How can you volunteer to get riffed?
When positions are “eliminated” some teammates are allowed to raise their hand to be riffed and some aren’t allowed to and are moved into other roles. Does anyone know why?
December layoffs
Can anyone confirm that there will be layoffs happening Dec 13-14?
Annual Reviews for this being laid off?
Annual reviews start 12/4/23 thru 1/27/24. Does anyone know if the ones being laid off during this period will actually have a review or will that review take place as the ‘letting you go’ speach?
Selection process??
Does anyone know what the selection process is? I heard the business unit that I support received questionnaire to complete/pass judgement on individuals that did not directly report to them. What exactly is the selection process?
Enjoy this reprieve while you can
On Monday, we face the bleak reality of layoffs once again.
Thankful at Thanksgiving
As I prepare to sit down tomorrow to enjoy the family feast, I am most thankful that VSRP allowed me to leave this dumpster fire.
Nido interview with Kelly King
Nido does a PBS show in which interviews business people etc.. Kelly was the latest. It was vomit inducing. I only got through about 10 minutes of it and Kelly said purpose 7 times in that time span, oh and that happiness is one of the core values... — read more
Morale has hit a new low
It feels like the leadership is intentionally creating a hostile work environment for whatever reason. It makes no sense to me.
Should we expect any cuts this week?
I wouldn't put it past Truist to lay people off a few days before Thanksgiving.
Truist IBM collaboration
So what is going on with this and has or will the reorg and riffs affect? Anyone know?
Branch closures in MD
Anyone know if these layoffs will include branch closures. Trying to determine how soon I should exploring my options
It's the Culture, Stupid
This train left the station at LD1 and both KK and BR had their hands on the throttle when it broke. DB prayed to Jesus for the train to stop, but we all know how that story goes. A CEOs primary responsibility is to INSTILL a culture in an... — read more
Q3 Pulse Survey?
Did I miss the Q3 Survey or was it decided to just not do it....for....reasons.
Hiring Wells Fargo executives
Wells Fargo is the last place we should be hiring executives from. I don't know much about our future chief wholesale banking officer but it's enough to know she is coming from one of the most corrupt and worst managed banks. There were really no... — read more
Huntington Bancshares
Welcome to the new BB&T. They have hired 30 plus truist employees including head of NC that just left Truist for Huntington. This is all in the last 60 days and they are focused on becoming a major player in NC. Anyone looking for a new opportunity... — read more
RTO 5 days a week
Effective January 1st per HR source.
So you remember the Barclays presentation
That started all this. Bill had three jobs reporting to him, Head of Wholesale, Head of Consumer, Head of Insurance. Now he has a COO with to many things to list, Donta as Consumer head and goes outside the bank to WF for wholesale head. The BOD was... — read more
Their goal is to get us to quit
Think about it. They are creating a stressful and hostile work environment intentionally. Why else let it leak there will be cuts and then make us wait with no additional info. People will get tired of this and leave on their own. Which plays right... — read more
Joe Thompson hidden from the disaster he has led for four years.
This man has single-handedly demolished one of the most profitable and well respected lines of business in HBBT. The Wealth teams were some of the most profitable and productive and this arrogant “leader” came in and dismantled most of what made it... — read more
Beau is now COO
Beau moved to COO
Purple Tuesday
Let's all embrace our purpose and T3 on this great Truist Tuesday
Who is left to lay off?
My team is half the size it was two years ago. Literally, they cut us in half but kept our work volume the same. And now we are worried that even more people will get cut. Who's supposed to do all the work? I'm guaranteeing you, if we lose more... — read more
Actively looking or just riding out the storm?
Who is actively looking/getting interviews vs just content to sit around and wait for it to be your turn to get RIFed?
They need to wrap this up before Thanksgiving
I don't want to be thinking about layoffs once the holiday season hits.
Layoffs starting this week
Trimming the fat in operations, non producing leadership roles and HR.
BCG, McKinsey, Bain
You all should look up the YouTube segment of Last Week Tonight with John Oliver and his ripping apart of McKinsey. He alludes at the end BCG and Bain are probably doing the same unethical stuff. But the part where all these groups do is come in with... — read more
Anyone remember this post?
In one previous post was this comment. Find this person and nominate them for CEO..they got it figured out. “ So Bill n Beau n Mike having spent the last two years putting Suntrust people in most leadership roles at all levels and spending like... — read more
So… we wait … January???
What’s going on? Glad no layoffs were done yesterday buts it’s confusing how will they save all this money and no layoff? R they waiting for January?
What did the damage look like for Investment Banking?
What levels and what groups got hit the worst
This entire fiasco
Lays at the feet of one person. Kelly King trying to apparently create a legacy convinced the BBT BOD that this was the future. Sold out a solid bank to a direct competitor and then gifted that leader with taking it into the future. Turns out none of... — read more
Nothing about this was done right
I've been through layoffs before, but rarely when there was so little information available even as it was happening. I'm not sure who's responsible for this, but I really hope that person or people are held accountable at some point for all the... — read more
What a sh*tshow of a day!
Did anyone else walk away from today thinking “what the f**k just happened?!”???
Truist Insurance peeps can't wait to get off this sinking ship
Somebody please finish buying us.
Truist Insurance Holdings Sale
Appears sale may not happen. Buyers not willing to pay price Rogers mentioned to Wall Street. Rogers has now dragged insurance into this mess. Morale is bordering towards terrible and insurance management is trying to put a good spin on it but it is... — read more
Briefing Room is updated
Briefing Room is updated for this weeks layoffs
CCB into the new Org
Looks like David Weaver sacrificed most of his directs to save himself. He is on point to why his org was/is a mess. Smh
I am curious if Bill survives.
My assumption is the new Board leaves in place to assist with the RIF and consolidation. However, long term, Bill has not proven to be capable of managing a bank of this size and scale.
Happy Bank is Laying Off
https://www.efinancialcareers.com/news/2023/11/truist-job-cuts