Topics regarding layoffs at Truist Bank

Topics regarding layoffs at Truist Bank

Incredible is it not

Charlotte-based Truist bank has launched an innovation arm designed to bring more tech-centric products to customers — and its first is a smartphone game that gives people prizes for saving money. The new team, called Truist Foundry, is a... — read more 

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| 45250 views | | 3 replies (last November 4, 2022)
Post ID: @OP+1jqQHjlm

Brighter days are ahead

I was in the group laid off back in June. For everyone impacted by the recent round of layoffs I am very sorry; however, believe me when I say brighter days are ahead. Since no longer being apart of Truist, my stress level and overall well-being has... — read more 

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| 46260 views | | 5 replies (last October 27, 2022)
Post ID: @OP+1jnSF6gG

This is not the end

In fact, I think this was just the beginning. We will be having many more layoffs before the year's end. The bank doesn't care about us and if the numbers tell them to do it, they won't hesitate to get rid of every single one of us. As long as the... — read more 

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| 46431 views | | 7 replies (last October 26, 2022)
Post ID: @OP+1jlzcFYv

These losses will be irreparable

When I think about it, I would even like to end up on the layoff list because this is no longer the place where I liked to work. Not only are the employees dissatisfied, but also the customers are increasingly dissatisfied as well. The leadership... — read more 

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| 45650 views | | 4 replies (last October 21, 2022)
Post ID: @OP+1ji46FIS

Here is the REAL truth about Truist!

First let me say I did not work for BB&T or SunTrust. I started with Truist so I am not partial to one side vs another. I was a Manager in the Mortgage division, so this is what I will speak too in my post. The way upper management treated their... — read more 

Layoff

Too many incompetent people.Prepare for what is coming.

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| 46320 views | | 8 replies (last October 21, 2022)
Post ID: @OP+1jd8LVeO

Who are the people who stay?

Many wonder why some people decide to stay here. Ironically that includes even those who took a long time to leave here themselves. So let's start in order, why people decide to stay, and it's not just a Stockholm syndrome: Because they can't... — read more 

DECAM Product Folks out there?

Anyone out there in Bryce Elliott’s organization that is in product that supports either the BREW or Commercial/CIG digital banking platform? Bryce seems like a good dude but the culture is horrendous. Sweat shop, everything is urgent, managers... — read more 

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| 47360 views | | 4 replies (last October 4, 2022)
Post ID: @OP+1j0X6oZW

Things are getting worse

The number of employees who are hoping to get laid off is growing every day. The number of employees who are applying and hoping to leave is also increasing all the time. I wish the leadership would realize they are at risk of losing most of their... — read more 

I'm starting to worry

Are managers notified in advance of layoffs for their specific locations? Our manager has been acting really strange the entire week. He seemed to be avoiding us, which is not his usual M.O. He also looked nervous. That has all of us on edge and... — read more 

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| 49350 views | | 18 replies (last September 22, 2022)
Post ID: @OP+1iLnoFRB

Maguire and Starnes. Anyone see this coming

Long post, worth the read. On September 7, 2022, Truist Financial Corporation ("Truist") announced the appointment of Michael B. Maguire as Chief Financial Officer of Truist, effective as of September 15, 2022. On September 13, 2022, the Compensation... — read more 

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| 48910 views | | 12 replies (last September 25, 2022)
Post ID: @OP+1iKCuvrT

Salary Compression

How do you feel about the adjustments? Opinions from new & veteran employees welcome.

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| 45950 views | | 2 replies (last September 28, 2022)
Post ID: @OP+1iJhuEwf

Stock price

So institutional investors own 75% of the outstanding shares. Vanguard and Blackrock hold a little over 16% between them. When do they start applying pressure to Rogers and the BOD to improve stock performance? No way they can be happy about a stock... — read more 

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| 43980 views | | 2 replies (last September 15, 2022)
Post ID: @OP+1iIf4WOY

News

Any news today in the Truist world?

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| 44710 views | | 4 replies (last September 16, 2022)
Post ID: @OP+1iGx5D6G

Bank or insurance company

What do you all think Does Truist split it self into a bank and an insurance company ? Or does it sale the bank? Insurance companies fe the higher multiples than banks …

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| 45610 views | | 3 replies (last September 10, 2022)
Post ID: @OP+1iBY3X34

Salary Compression

Any updates on how adjustments are being made for salary compression due to the upcoming $22/hr minimum wage? Seems kinda quiet from management.

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| 43660 views | | 4 replies (last September 14, 2022)
Post ID: @OP+1iAR3UaI

Rifd

Hey, Just got Rifd this morning, 10:00 AM, ask why and got no answer. Did get a severance package, no extended health. Have 30 days left to work, what a joy, maybe they'll see this and let me go now. Good luck guys!

I couldn't make it to full six months

I decided it didn't matter how bad it would look on my resume, I had to leave. Truist turned out to be the exact opposite of what I was looking for in a workplace: toxic work culture, lack of respect for employees, unrealistic workloads, bad... — read more 

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| 44240 views | | 9 replies (last September 6, 2022)
Post ID: @OP+1iubpehG

Lost trust in leadership

I don't trust them at all anymore. Didn't they go a bit overboard with all those empty promises? I had a hard time deciding to leave because I've been here for a long time but it turned out to be the only solution.

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| 42520 views | | 3 replies (last September 4, 2022)
Post ID: @OP+1itrVAIP

Another EVP with an added surprise

What’s up with this? Truist Financial Corporation (NYSE: TFC) today announced that Scott Stanzel will join the company as executive vice president and chief communications officer, effective Oct. 1, 2022. Stanzel will report to Chief Legal Officer... — read more 

What is Zaloni?

Acquired by Case and company along with it’s management.

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| 40220 views | | 7 replies (last August 23, 2022)
Post ID: @OP+1imscBKl

Layoffs all over the banking sector

In the last few months, the majority of major banks have had layoffs. I'm shocked that we've been spared so far, but now I'm worried that our time is about to come. I think people in mortgage should be prepared since that seems to be the main target... — read more 

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| 40490 views | | 7 replies (last August 20, 2022)
Post ID: @OP+1ihbCP4M

New Minimum wage and new pay grade

Looks as if every pay grade range will be increased. So if you are within the pay rang of the grade, you will not see an increase. For example, existing pay is NTL Grade 106 at $55k has a min of $43k / mid of $55k / max of $74k. Proposed NTL Grade... — read more 

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| 37960 views | | 15 replies (last August 22, 2022)
Post ID: @OP+1idVpx8l

Exhausted

Exhausted and frustrated. Anyone else feel this way?

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| 37330 views | | 6 replies (last September 16, 2022)
Post ID: @OP+1ibve8PP

New Golden Child Promoted

Steve A. as CTO…stroked Case, Meyer and Elliott’s —— enough to get another nepotism promotion

DEI to the rescue. SunTruist to be saved!

Obviously it’s more important to add more diversity executives than hire a new CFO. She will soothe all your troubled “Teammate” souls. So who knew we had a Chief Teammate Officer? Truist Financial Corporation (NYSE: TFC) today announced that... — read more 

$22/hr Minimum Wage

Any word on what they’re doing for teammates making more than $22/hr currently?

The culture before and after the merger

I don't think it was a small change, but a huge change in the company culture after the merger. This has become an exhausting, toxic place where I no longer want to work. How do you see the change in culture that happened after the merger?

Everything is urgent

That frustrates me from the very beginning here, everything is always urgent. Have you noticed that too? Urgent this, urgent that - that can only mean one thing, and that is that bosses don't know how to set priorities and they enjoy creating... — read more 

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