Anyone get the feeling that something is in the works?
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
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
How are things in Enterprise Technology?
Former hBBT who took the VSRP here. Wondering how those that have survived this long are doing and if anything has improved. I hope it has.
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
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
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
Mortgage fulfilment layoffs on October 18
Truist is laying off 8% of its mortgage workforce as announced today.
Truist earnings
Gotta love the earnings…
Layoff
Too many incompetent people.Prepare for what is coming.
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
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
If they're thinking about redistributing work to the remaining workers...
the big question is whether it will be feasible? The people I work with are already overworked to the max and I believe that none of them is willing to do additional work if they survive layoffs. Especially because it is possible to find a much... — 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
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
Salary Compression
How do you feel about the adjustments? Opinions from new & veteran employees welcome.
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
News
Any news today in the Truist world?
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 …
Surprise! Suntrust Maguire named CFO of SunTruist
Now there’s a shocker BillnBeau putting one of their boys in this role. BOD doing their usual job of oversight for the shareholders.
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.
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
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.
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.
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
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
Exhausted
Exhausted and frustrated. Anyone else feel this way?
Updates
Any news?
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
Are you expecting more layoffs?
I'm not panicking for now, but it's always better to be prepared.
The most unprofessional management I've ever worked with
There are so many things I could list here to make my point. From poor decisions to no focus to lack of talent due to layoffs and attrition to no accountability and so on and so on... Due to this, every day we have to deal with problems that could... — read more