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 situation, where are you all going? Small banks? Changing industries? Which is it?
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The endgame is clear. My interactions with Kelly have only further reinforced the widely held opinion of massive ego, minimal intelligence. Kelly is not smart enough to strategically grasp the mistakes made, and their long term implications.
I believe Bill and members of his team are, and they fully recognize this is a highly lucrative, but short-term gig. They will ride this for a while, cutting jobs galore to appease analysts, and then sell to US Bank, PNC, etc. for another huge personal payday. We are all pawns playing out a script that has already been written. Get out, this is a mess run by a team that couldn’t care less about you...
Here is the sobering reality - Truist is the combination of two banks that both lagged the industry in regards to technology. Now, despite all the flashy marketing, and (disturbingly) vague strategic speeches from Kelly and Bill, it is now a large(er) bank choosing to use the (outdated) technology of whichever group happens to win a political battle. All of the painful personnel decisions to this point haven’t moved Truist one step closer to being more competitive in an emerging Fintech world. This is a miserable place with nothing but more misery ahead...
Left the banking industry completely. The industry is shrinking/pivoting in all domains; more mobile/less branches, fin tech, offshore operations, cloud deployment, etc.
US Banking will always be there. It just may look a lot different than it does now, in the next 5-10 years.
The other poster is spot on. Politics are always a part of any corporate culture but this merger has brought out the worst in everyone. I don’t feel any more like we are 1 bank than we did the day the merger closed last year. 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. You can blame COVID only so much. This stuff was going on well before the pandemic really hit.
I had a phone screen with another potential company and they said they haven’t let a single person go during the pandemic. Imagine that.
Well said @2edi, well said. Anyone who is not aware of this going on around them is certainly delusional.
Another large bank. Look, large banks are not perfect, and there are politics wherever you end up. But Truist is worse by a large margin - management’s distaste for their employees (and each other) is on display every day. In addition, the “us vs. them” mentality, or “we are better than you” power plays sap any energy you want to put into making Truist better...
People I know who have left are changing industries. They are IT so they are still doing that type of work. I think some of them got hired by former coworkers they were friendly with which obviously helps.
I agree with the other poster that the merger is really what’s driving all the misery. There is a level of anxiety and fatigue that just didn’t exist nearly as much (at the old BB&T at least). Good hard working people who have been here for years are getting RIFed - some of that is probably inevitable due to consolidation and technology improvements. But there is constant culture of fear now that you will be next.
And Kelly with all his seeds of hope and growth mindset BS is all that BS which I think does more to hurt morale than boost it.
The situations that I'm aware of people are retiring early or changing industries. I'm sure the other big banks have some of the same issues as Truist, but at least the other banks are NOT going through a painful merger. That in my opinion is the worst part about working at Truist -trying to pull off a merger that will ultimately be judged by history as a mistake. While big bank cultures may s— in general, there is definitely another layer of difficulties working at Truist with this ill-conceived merger trying to bring together wildly different cultures.