Thread regarding Truist Bank layoffs

Reorg of CT&O Coming

In a meeting yesterday my boss mentioned that the new CTO said that a reorg was already in the works and could happen as soon as two weeks and there would be "job impacts".

And although you should always take everything you see here with a grain of salt, take this with an even more big grain of salt, I think she may have had a slip of some kind and said that even though she's been here for a few years that it would be strange to be working with a new team, and then stumbled and back tracked to "or it would be weird if even just a couple of the team was replaced with offshore." Just seemed... off?

by Anonymous
| 16502 views | | 13 replies (last July 11, 2024) | Reply
Post ID: @OP+1tr6a2Cw
Comment! It's anonymous!

13 replies (most recent on top)

Sorry to hear @1vye. Highly suggest not sticking around with Accenture too long if you can help it. The rumor mill there is that they'll squeeze the information out of you before letting you go as well.

What a sad day.

by Anonymous
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Post ID: @1etf+1tr6a2Cw

Almost two third of our team got rebadged to Accenture. We got the news today.

by Anonymous
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Post ID: @1vye+1tr6a2Cw

AdiosB4October Yep

by Anonymous
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Post ID: @1rgl+1tr6a2Cw

If they're letting most (nearly all) of CTO go by October, will they really need all those managers?

by AdiosB4October
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Post ID: @1nlu+1tr6a2Cw

The ship continues to sink.

by Anonymous
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Post ID: @1jac+1tr6a2Cw

Notices just sent out.

by Anonymous
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Post ID: @1ghy+1tr6a2Cw

The offshore to India will be a failure. I’ve heard everything from exotic birds cawing in the background to rooms full of children being noisy. BB&T tried that some time ago and ripped out shortly after. However, that was when the C-suite cared about the bank. This new pack of id--ts will probably double-down.

by Anonymous
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Post ID: @1crl+1tr6a2Cw

@1hjt+1tr6a2Cw That is the goal of every new management hire. Many of us have been trying to tell you, but too many people whining instead of being happy they are earning a paycheck.

by Anonymous
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Post ID: @1fjw+1tr6a2Cw

Newbie CTO, reorg, imagine that. Just another patsy put in place too handle Bill Beau and Joes latest tech innovation. 5 years and nothing has changed except the players, same game.

by Nothingtoseeheremovealong
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Post ID: @1snb+1tr6a2Cw

Ah! Rearranging deck chairs on the titanic…again.

by Anonymous
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Post ID: @1maa+1tr6a2Cw

LOL it's so predictable (and tiresome). The only thing new execs know how to do is "reorg". Then they fake it for a year or two before moving on, and a new exec is appointed, and, you guessed it, time for another reorg!

by Straight from the C-Suite Playbook!
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Post ID: @1hjt+1tr6a2Cw

So this is the news

by Anonymous
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Post ID: @1gss+1tr6a2Cw

Yes, there are explicit goals to replace as many team members as possible with offshore (cheap) Indian labor. Gotta hit those objectives or else no exec bonus. Gotta save any extra money for share buybacks. We are like cattle, easily objectified and sent to sla-ghter if it provides a better short term gain than keeping us alive. Follow the money.

by Anonymous
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Post ID: @1adj+1tr6a2Cw

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