Head of GCC, EVP said this on LinkedIn "I’m both proud and humbled to be part of this journey as we build for our future! This announcement represents the continuation of an extraordinary partnership with Infosys and marks the start of an important chapter for Truist." I really hope Steve doesn't think moving 1400 jobs to India is a good thing!! When I worked at BB&T he seemed to care about employees. My guess is that he has no choice but to drink the Koolaid. :(
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@rw I've seen the timelines and the plans, too. Roles moved over the last 3 years to the Philipines are not part of the GCC (that's a different hellscape). Those 1400 that were announced are strictly already-offshore. Lifted & shifted and nothing special from what already existed. But the new reductions are coming. Fraud Ops, Mortgage Servicing and Lending Ops stuff is moving to India in the near-future. Soon AI dev-ops will shift almost exclusively to India. These will be existing roles taken from the US and sent to India. At some point in the future (2030?) Truist will "rebadge" these contractors and make them India-based TFC teammates - buying the workforce from Infosys. About 5,000, by the time it's done, will be operating in India.
Whatever it takes to get the share price up. No job should be safe at TFC except those held by outstanding performers.
@k4 Some of us are/were in management. I saw the numbers, the timeline and the plans. I watched trauma get let go and their work move overseas. I don't understand why someone here is saying it isn't happening. It has already happened in some departments.
@jp how do you know? Where are you polling these #s from?
@jp how would anyone know this information? Nobody knows what jobs are moving to India? Management does not talk about or mention it.
@g6 80% of non client facing jobs will be eliminated or moved offshore by 2030
They have plans to double that number.
Infosys
These 1400 represent existing offshore already. From other vendors being centralized with emphasis alone. No teammates were directly impacted.
Yet.
This is the starting g-n that some onshore jobs will be shipped overseas In the future, so be wary.
AWKWARD.