Thread regarding Truist Bank layoffs

The merger won't be done be on time. That may be good for some.

The way things are going there is no way. I've been in IT for a long time and have never experienced anything this bad. A delayed merger will be good for some of us folks that are needed to compete it. We will at least have jobs until then. We are expected to work extra hard with no guarantee of jobs when the merger is over. The two organizations don't seem to be able to come together to get the job done. There are more and more policies and procedures introduced every week that make our jobs next to impossible.

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| 18160 views | | 7 replies (last November 18, 2020) | Reply
Post ID: @OP+17Xyu4T7

7 replies (most recent on top)

If I didn’t have RSUs that I’d lose if I quit I would have left a while ago. At this point I have no choice but to stick it out. If they lay me off I get to cash in the RSUs and whatever severance comes my way.

This merger has been nothing but hell and Kelly is either blind or delusional if he thinks everything is just peachy keen between the 2 legacy banks.

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Post ID: @2isk+17Xyu4T7

There is no more client service, I called about a CD that needed to be renewed and the bank told me they don't need to pay interest anymore and to take the CD elsewhere. So I did, I closed all my accounts to another bank that wanted my business. I don't need them and certainly they made it clear they don't need me.

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Post ID: @1hmc+17Xyu4T7

If it is completed on time it will be at the expense of employees and client service. There will simply be too many holes and gaps.

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Post ID: @1yul+17Xyu4T7

Yes, the last post is correct, the timetable has been expedited and it is expected that everything will remain on track, don't think for a minute that your safe, the bottom line and its shareholders is what is the driving force for completion of the merger.

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Post ID: @1svi+17Xyu4T7

Right or wrong cost savings time table has been expedited. SVP/Managing Director and above will either make it happen or be replaced. You’ve been warned.

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Post ID: @zed+17Xyu4T7

At this rate the process will never actually end. But I got a executives job that is pretty much arbitrary. Seeds of Hope!

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Post ID: @exs+17Xyu4T7

It's like living in hell, I just want it over with.

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Post ID: @cik+17Xyu4T7

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