Truist Audit Services, led by MUFG spies, has laid off so many people because they want to be more efficient, only to now turn around and add more audit roles. How does that make any financial sense? Poor management couldn’t ethically use the performance management program to get rid of these people. Does the audit board know of the trickery being led by DD and MAM? They used the reduction in force platform to perform a cleansing.
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@2e - Who? Please do tell.
And ultimately at least one individual doing these silent layoffs was fired for unsatisfactory results in the end. Karma?
@pqzp+1rr7TNLC Do tell!
I an attest the word about Demaio and Martin have gotten around. Flashback a couple weeks back after an industry event, a consultant firm hosted a large group of us for dinner. Although I am not in audit, most attendees were from other banks and big wigs in either audit or risk. When they saw I was from Truist someone asked if I interacted with Demaio while another ex-MUFG asked about Martin. The stories that were told would leave you aghast. I do interact with Martin regularly and can attest the scene is not great.
Isn’t it just hilarious to see that Denise only recognizes her directs, or people she’s worked with before (Michele) on LinkedIn? Is this some kind of cosmic comedy or just a sidesplitting farce? Her posts are like a comedy sketch, trying so hard to paint herself as this caring, authentic leader when her posts really just smell of rehearsed baloney.
Why doesn't she give a virtual high-five to the rest of the team? Oh, because she doesn't even know their names, let alone care about their existence! And those MDs she's praising? Yeah, they're probably off doing who knows what while the rest of us are here, nose to the grindstone.
I swear, I've been here for eons and I've yet to catch a glimpse of her on the audit floor. Maybe she's a ninja leader, invisible and mysterious, or just really great at hiding in her corner office? And her deputy? Oh, the one who worships the ground she walks on? Please, calling her a "strong woman" on LinkedIn is like calling a squirrel a power lifter.
Strength should be among the last qualities to look for in a leader at her position. Her title and position alone carry strength. How about compassion? Or passion? Or caring? Or strategic? Or visionary? No - the only word in the vast vocabulary of ours she could find is “strong”. Let that marinate and think about it. Of all the adjectives in the English language to describe her, and she picked “strong” and then played the woman card too. What a pair of d-mb a*, or should I choose a better adjective and say dim wts. Better yet, mor*ns. Ah the possibilities for these two are endless 🤪😜
TW is on rotation (temporarily, they say), and her teams will roll up to JD during the rotation. I feel for them. He’s been a nightmare!!!
All I know is good luck to those forced to deal with Mr. Eyebrows McGee now that TW is rotating out “temporarily”!!
Does the recent ET “interim” assignment count as another MD gone? This is wild.
Hmmmm open jobs and applicant pool poor…thank you for posting, because now I know it is your recruiting dept…..I have applied for several audit jobs with extensive experience when I finally decided to leave audit after 20 years……not even an interview from the recruiter…..so something is going on with your recruiting team not putting people like us through to the hiring mangers then…..because I would have thought HR would have jumped on me with my experience.
Another MD gone.
This is so funny
Man, the internet is underrated when it comes to comedy
Sydney Sweeney grows em big though!!!
I mean……WOW!
Can’t speak for everyone, but those who got it like that (specialized) negotiate a sign on to account for the loss of annual.
While those who resigned before bonus payouts may have “forfeited” them, I’d expect they negotiated a healthy sign-on bonus to account for this loss.
Ideally you secure new employment around bonus time, start after the payout AND negotiate a sign-on bonus of some sort. Double dipping.
Texas MD quit because of cultural differences allegedly. Sounded like he wasn’t comfortable with the MUFG cabal…
The Protiviti engagement is another level of shadiness. DeMaio worked at Protiviti and gave them big contracts at TD and MUFG and now Truist. On top of that her son works at Provitivi so she has lots of reasons to choose them. Martin also got on the bandwagon and hired Protiviti at MUFG. This is how they do business. I would bet some big bucks that that when DeMaio finally leaves she will work at Protiviti again. That is how this goes. Hots of scratching backs. Where is Truist ethics or the third party team checking conflicts. Was all of this checked out?
Given all your leaders are remote out of state, you all should band together and stop coming into the office. People have the power they just don’t use it.
The implication of heritage teammates in a non-revenue producing division being “fat cats” is laughable. I’ll tell you who the real fat cats are, the partners on our account at Protiviti. The same firm we pay millions to each year for co-sourcing also “assists” in the production of our Audit Committee materials. I’m sure that data is accurate, complete, and not biased in any manner. Tell me, how did we select them again as our co-source vendor?
What say you about this madness?!?!?!?
There were too many fat cats just laying around in this division, it was long overdue for a house cleaning.
They need to let a lot of this bad bunch go and hire fresh blood
More open positions coming soon. I just heard an entire audit team quit this week. What’s happening to this department? The year of “us” is turning into the year of “us leaving”. Pretty soon these open positions will be too much for our recruiters to manage and we’ll be sent over to Accenture like some other areas.
We have so many jobs open because we can't fill them. The applicant pool is poor and can't get anyone with any solid audit background to apply let alone commit. It's a joke most of the interviews I have done. We have people leading groups with no audit background at all. This is not where talent wants to come. Facts are the people we let go, the people who have left for better roles, and the disgruntled still here have friends across Bank of America, Ally, US Bank, Synovus, Wells Fargo, PNC audit orgs and they aren't quiet about what is going on here.
Want to improve engagement? Impose a 4 day in office requirement for the staff with the majority of senior management in remote positions in the Northeast and Midwest. Throw in a few happy hours and a Moe’s lunch buffet once a month and watch the engagement numbers climb.
Keep building that plane while you fly it! That strategy is working out nicely.
Adrenaline in my soul
Let’s just hire Cody Rhodes!!!!
I’m surprised that the regulators haven’t asked the audit board to fire the highly incompetent chief auditor, and her sheep deputy. A fine? MRA? MOU? Consent order? The incompetence across the company is vast, but audit is at the helm of continuing to let things slide under the rug. Bring more audit talent from MUFg because the audit department there was soooo strong 🤯
Get the AVPs
This was the plan from day one. Eventually they will run afoul of regulators and be run off themselves and someone from another bank will come in and purge again to clean up the mess DD has left. Rinse wash repeat.
You won’t catch me defending this lot, but I suspect they laid off mostly highly paid legacy company employees and are replacing them with more junior (cheaper) staff.
Nothing here makes sense. If you come to this realization it will help bring peace.
So many audit roles posted…