I see people constantly worried and stressing over layoffs but nobody is paying attention to the fact that Truist has been working hard to create the environment that will push people to quit. Why pay severance if you don't have to? Pile on the work... — read more
Q4 earnings call this morning
Dial in and listen to how well things are going while you struggle and worry if today is your day to be RIFed. I’m sure they will tell us how great the marketing deal with NFL is also. I know everyone is proud of this!
We won't be able to hire anybody good
The most capable and competent are also the ones who can most easily find another job. It's just a reality. Truist will have to pay top dollar to hire their replacements and there is always lost productivity while getting the new hire up to speed... — read more
Continuous layoffs
Is it just me or do layoffs never stop here? It's like every couple of weeks I here that a few people were laid off in one department, then the other, then someplace else... This is really unnerving. If we had announced layoffs at least we'd know... — read more
So many good people are walking away
Attrition rates at Truist right now are out of control but that's not what worries me. Attrition is a fact of life for any company. The real issue is who's leaving. Sadly, the most are our best people and losing so many can have a profound effect on... — read more
How worse will it get when Bill takes over?
Among all the regular daily chaos with this merger I sometimes forget that Kelly will be stepping down this year. For all his faults he at least fought to keep the old BB&T pension. From everything I’ve heard about Bill it seems like a bad... — read more
I wouldn't rush to quit
Truist is a bad place to work, I think we can all agree on that. But don't be too quick to leave and burn all the bridges behind you. Two of my former coworkers impulsively left within the last six months (one even quit after an argument with his... — read more
In what ways could a smooth transition be ensured during a merger?
Good people are leaving and either aren’t being backfilled or in the case of management, being replaced with people who don’t even have the decency to talk to their new team and ensure a smooth transition. That’s it. It obviously didn’t matter to... — read more
91% approval rating
How is it possible that King has 91% approval rating on Glassdoor? That's one of the highest CEO approval rating I've seen on there! Those can't be legit, right? I haven't heard a positive word about him among employees for a while and certainly not... — read more
Which is it?
People who are quitting - where the hell are you going? I've checked out alternatives on this page and things seem to be the same or worse wherever i look. So unless everybody is hating it here so much they're willing to jump into an even c-appier... — read more
Can this be trusted?
A Truist spokesperson said the deals will have minimal impacts on employees, and the bank is supporting those affected. Some will join the new companies; others have secured new roles at... — read more
I'm in the minority
I see so many people unhappy with their jobs and I couldn't be more surprised. I personally love my job, including everybody I work with. I've never heard any of them say they hate their jobs and we are all close enough that we would tell something... — read more
Eventually the bank won't need any of us!
You deposit your checks via "U", the pandemic proved you don't need in house bankers, you won't need back office adjusting rates as the bank pays you nothing for interest. They take your money, charge you up the butt in fees and lend your money out... — read more
Overwhelmed with work or giving bare minimum?
Some colleagues tell me in confidence that they have never put less effort into their work and that they only give the bare minimum. I listen to this with disbelief because my case is completely different. Without any exaggeration, lately I’ve been... — read more
WFH
How many of you would like to see work from home become a permanent option for all of us? Or at least all of us who are currently working from home and would like for it to stay that way? I know people are worried that permanent WFH would show that a... — read more
Answer me this
How many are actively working to get out? I’ve been looking for a few months now and still haven’t found anything. Is the job market that saturated? I have also been looking outside of the industry and still have had no luck. I know it’s out there... — read more
When can we expect cuts to start?
I doubt this week, but sometime this month seems likely.
FYI , 2021
I just spent a wonderful time with family over the holidays, I blocked work out for the whole week. The thought of returning to work tomorrow has my stomach in knots. For the first time in my life, I may do something stupid, go to work, collect my... — read more
Not sure what to do
In my family the men work in our trucking business, and the women work in banking. It’s been like this for generations. Last week a position opened up at my oldest sister’s bank. She has the ‘pull’ to get me in. It would require moving (single, no... — read more
Has anybody's situation improve?
Can anybody say their situation has improved since the merger? I'm genuinely curious. I see so many negative comments here and very few positive ones. Personally, my situation has remained exactly the same. The same old job insecurity and cranky... — read more
2021 Stock Repurchase
The BOD authorized up to 2 billion in stock repurchase next year. King Kelly also said, King said the bank's top capital priority in fiscal 2021 "will be reinvesting in our businesses," such as digital technology. Nowhere in the article did King... — read more
IT Contractors
Are our jobs safe?
All the best people are gone
BB&T and SunTrust have been in the dark ages for a long time, yes, the lights have been out for a long time. They weren't ready for a merger of equals, they just needed to hire some sharp people to bring them into the 21st century. Hiring Boston... — read more
Best house in a bad neighborhood
All in all, even though it is only one year old, it’s still a good place to be. Sure you hear about a lot of BS Happiness stuff that nobody believes in and the culture du jour. If you can survive the RiFF’s, the benefits are among the best and... — read more
As goes the building, so goes your future
https://www.wral.com/former-bb-t-offices-in-wilson-imploded/19436694/
Possible layoffs in January
I swear, as soon as one month starts nearing its end, rumors start circulating about more layoffs coming the following month. I should know better by now than to buy into it, but I can't help it. I worry. So any chance somebody knows if there is any... — read more
Lost all motivation
Over the last few months I've lost all motivation to go above and beyond what is expected. Like many within the company I was a diehard loyal employee who showed dedication and cared about the overall good of the company. But now that things have... — read more
Compensation
Are you happy with new pay and job grade?
Layoffs at Christmas, there's something much darker about this.
Layoff ... after layoff ... after layoff. This layoff approach deeply dampens morale, as employees wonder who will be next. To have layoffs (RIF) during the holidays, it's penny wise and pound foolish as the reputational harm to the decision-maker(s)... — read more
Growth mindset
Truist wants us to have a growth mindset where human potential is not fixed. How do they expect to accomplish this when teammates are being RIF’d (yet again) during holidays & they are treating teammate pay like shareholders matter more.
I'd be happy to volunteer
How many here are actually ready to leave this place? I certainly know I am. I’ve reached that point where if VLOs were offered I’d jump on without a second thought. But since that's not likely to happen, all I’m doing is trying to survive until I... — read more
Wind out of my sails
I was RIFed a few days ago. I don’t quite know how to take it. I’ve been with the company so long that I truly don’t know anything else. I ask myself if I’m too old to start over, or am I financially able to retire. I just don’t know. This came as... — read more
Anyone else seeing changes with 1x salary life insurance benefits for 2021?
I have not had my salary adjusted (still waiting) but looking at my company provided life insurance which is 1x salary, my salary is different for 2021 then 2020. Anyone else?
Truist put its name on its new HQ. The building’s architect calls it vandalism.
“It’s not too late for Truist to pick up the baton from their predecessors and put more importance on corporate citizenship than on corporate ego,” Hull wrote. As of Friday, 672 people have signed the change.org... — read more
New look of Truist Tower irks some in Charlotte
Can you feel the love, the beginning of the end! “Note to Truist: this is not a proud moment. You ruined a gorgeous building with cheap and awful looking signage,” tweeted another. And one person tweeted that the sign was... — read more
What's happening with branch closures?
More than a hundred were supposed to be shuttered between this and the next month. Has that started? I know we're not on the list but that might change at any moment. Any chance somebody from an affected branch could share how and when were they... — read more
If you think the “good old boy network” ever stopped you are deluding yourself.
You are correct, if you look at SVP positions that were held by women in SunTrust, you will notice that many are no longer with the bank. They made announcements that they retired but were actually RIFd. Atlanta lost a lot of SunTrust Senior... — read more
Layoffs before Christmas again?
Two years ago, right before Christmas, BB&T laid off some very competent employees. This was after hiring McKinsey consultants to formulate a transformation process. The process was a total flop and a huge waste of money. Prior to these layoffs I... — read more
Job Evaluations Unfair
Expect to be treated unfairly as it relates to this topic. Question everything you are told and realize their goal was and will be to save money.
It is not if you get laid off, but when
When a business is failing and in a tailspin, there is more work to be done by the few that are left. Stress levels increase exponentially. This brings out the worst behavior. Depending on your location it will affect the timing of the layoff. Do not... — read more