Operations cuts?
Any media coverage of the layoffs?
Is there anything in the news?
Marketing Layoffs Thread
When will they start? Share what you have heard.
If it wasn't sad, it would be funny
Have you noticed how many people keep failing up at Truist? I've seen it happen again and again. People mess up in major ways and then instead of facing consequences they get promoted. This is the best indicator that cronyism and nepotism are alive... — read more
Layoffs
We’re there any early retirement packages?
Layoffs? Meh, just enter your Personal Purpose in Workday
Go to Workday now and enter your personal purpose statement. That way if you do get laid off at least there will be a record of how you contributed to Truist’s purpose while you were still a teammate.
Today is your day CRE!
Tell us about it here!
Wealth RIF Megathread
Comment if you were one of the ones impacted.
where dem layoffs @? 🤔
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Truist is a sinking ship!
Truist stock is down 35% year to date. Employee morale is in the toilet. Total disaster of a merger and what it is today. Sorry excuse of a leadership team.
'Open.' 'Personal.' 'Inappropriate.': Inside the Truist Leadership Institute
Anybody have insight on this article in American Banker about KK’s baby? It’s behind a paywall. The “inappropriate” catches the eye.
Anybody else not worried about layoffs?
Right now, it'd be a relief to be laid off.
“TEAMMATES” announcement
Better get those resumes sharpened up. The clock is ticking on major shakeups. Coming soon to a region near you!
Wage a war of attrition
This management team has tilted everything in their favor. They ask for sacrifice from everyone yet somehow they are the only ones who reap the reward, Bill's raise is objectively wrong, without any pain or responsibility for their failure. There are... — read more
There's no value staying loyal to Truist
I was a Branch Leader in Columbia, SC. I was so stressed out by the ridiculous goals, management that don't care about branch employees, and our worthless region leader. Do yourself a favor and look for better opportunities outside of Truist... — read more
Who is John Galt?
Ah, remembering times when BB&T was a great place to work! Back when you felt like you mattered to the execs.
Return of offshore
Once more into the offshore rabbit whole.
Truist is the Bud Light of banking
Management sounding so smart while they talk to themselves in front of you. it sounds so good it has to be right. Until it isn’t. We are in the ‘Isn’t’ part now. At least the dividend is safe. I guess the $1.6-$1.9B in cost saves isn’t... — read more
Purpose Driven Bank
Nailed it if your Purpose is to lose 50% of your market cap and run off customers
Truist Financial Has Fallen To 'Cheap For A Reason' As Management Credibility Evaporates
Summary Truist Financial's management has failed to deliver on the promises of the SunTrust deal, resulting in four downward revisions in four months and damaging its credibility. Another Guidance Cut, Another Hit To Credibility Management once... — read more
Which areas are the most toxic here?
There is no doubt that the bank in general is deteriorating very quickly. I'm really interested in what you would say, which areas are the most toxic? It's a shame, because it drives the remaining good employees to the competition, while the... — read more
"Bold changes"
So Bill says there are some "bold changes" coming! Can we start with having him step down and insert someone that knows how to rescue our failing bank?
After earnings are reported where do the layoffs come from?
CRE, OI, community banking, mortgage,tech, all the above. Could they sell ELF as it has underperformed since merger by significant dollars. What say you “Teammates”?
Audit is Toxic
There is a toxic smog across Audit and it's only getting worse. My manger is miserable, I am miserable and everyone I talk to is miserable but no one feels they can speak up. If they have not posted out already, they spend evenings desperately... — read more
So what’s the real reason
Kelly and BBT board granted Suntrust the leadership of new bank? Not just at the executive level but throughout middle and upper management except the community bank which they don’t appear to care for anyway. Anybody really know?
Nobody regrets leaving Truist
My advice is to get away as fast as you can. Things are only going to get worse for us. The people I know who quit have no regrets over it. They are enjoying their new jobs and not looking back. There's no reason for any of us to stay a day longer at... — read more
So how’s that RTO working Teammates?
Let’s hear about it.
Truist stock
Major day in the market and TFC closes down again. June is over and its Time to roll up the rainbow flags and put the virtue signaling in the rear view mirror and getting back to Making money again.
RTO and 30 Miles of Office
Has anyone been communicated that only people who live within 30 Miles of a Truist Office location are expected to RTO even if offer letter said remote? So basically, if you are outside of 30 miles and your offer letter says remote then you can still... — read more
Fed Stress Test
More about how well the bank is run: The banks that had the lowest capital ratios under these tests were the midsize banks, such as M& T Bank and Citizens Bank, and super regionals, or banks with a national presence and over $500 billion in assets... — read more
Pride @Truist
Ge-z that conference call…. Here’s something I wish we took pride in - Trying to get the stock price up.
Truist stock down 30% year to date : )
I worked at Truist in Columbia, SC. Worst experience of my life. Terrible leadership, ALWAYS short staffed, and unobtainable goals. To those that are hesitant to leave, do it! You deserve happiness and there is so much opportunity out there!! Let... — read more
Anybody else notice the post about new head of mortgage being removed?
They obviously monitor this site.
Leadership mantra
How can leadership be doing a great job IF their principal mantra is- Lack of any respect towards employees Cheating employees, misleading them, and HR blind to ugly going’s on all this while employees are made to overwork to pick up... — read more
We have your best interest at heart!
The company sent Channel 9 the following statement: “As we return to a normal, post-pandemic working environment, we believe we do our best work when we have the ability to collaborate in-person. In alignment with our purpose to inspire and build... — read more
Charlotte Business Journal Charlotte Business Journal - Truist's top priorities
Going to be a rough year! Take care of yourself. Charlotte Business Journal Charlotte Business Journal: "One of Truist's top priorities this year is to focus on funding and reducing costs as the banking industry could likely see higher capital... — read more
It is very obvious that they want me to quit
Isn't it very obvious that they are pressuring us to leave without severance pay? I definitely intend to leave, but only when I find a better option because I won't miss my severance pay no matter how much pressure they put on me.
At least there'll be fewer layoffs for a while
I'm not taking pleasure in other people's misery, but at least those who decide to leave due to RTO will help those of us who decide to remain. I believe that if the attrition is large enough, there will be no need for layoffs for some time to come... — read more
What are your thoughts on the comments on The Source article about RTO?
Do you think EL is reading them or just ignoring them?