Attrition rates at Truist right now are out of control but that's not what worries me. Attrition is a fact of life for any company. The real issue is who's leaving. Sadly, the most are our best people and losing so many can have a profound effect on the company. Do those in charge not realize that letting top talent just walk out can and will backfire?
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This resonated so much with me: "They understand there are only two choices: a) leave now with your sanity or b) get fired later without it."
I left several months ago because I truly felt that it was costing me my mental wellbeing. I had hoped to be RIF'd and even asked for it. When someone else was picked over me in that latest round of RIFs, I knew what I had to do. I am so thankful that I was able to walk away. I am so much happier now. Get out people. To my former BB&T co-workers get out. Get out now. This new company is taking nothing good from the BB&T culture. It's mostly SunTrust culture with some of the negative qualities of BB&T culture thrown in for good measure. Get out before the Stockholm Syndrome fully kicks in.
Two things that shocked me the most over this whole merger 1) the quality of people leaving/RIFd, and 2) despite the “dire competitive need” to upgrade technology, we aren’t upgrading at all, we are choosing between one of the c-appy legacy technology solutions.
As I continued to watch high performers walk out the door, it finally (I am slow) hit me. They understand there are only two choices: a) leave now with your sanity or b) get fired later without it.
This isn’t about creating a “successful bank”, it is beyond obvious because they are laying ZERO foundation for that. It is clearly a scorched earth, corporate money grab. Truist has an expiration date. Employees will be laid off on a continued basis to “make numbers”, until the point Bill and company sell out for another payday. My advice is to begin looking around, and leave this circus with your sanity - they don’t deserve YOU!
Without a doubt age discrimination is running ramped here. That why they have you sign off with your severance package, otherwise no severance.
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If you are an RIF who is +50 years, unfortunately age discrimination is alive and well.
Post ID: @wty+18Y8x8f3 -
“The most capable and competent are also the ones who can most easily find another job. It's just a reality” - Not True. The original post refers to RIF. If you are an RIF who is +50 year’s, unfortunately age discrimination is alive and well.
They RIFD very good people as well because they were in higher paying positions being with the bank so long. They kept younger people with low salaries to take on additional work for no compensation. I two years, management will be out the door with pockets stuffed with cash. The best of the best talent pool is gone either by laying off or attrition. They really messed up big time and will never be the same.
100% agree with last post
The most capable and competent are also the ones who can most easily find another job. It's just a reality. Truist will have to pay top dollar to hire their replacements and there is always lost productivity while getting the new hire up to speed. And there is the additional challenge of lost institutional knowledge when people leave who have worked at the company for a few years. It's not a good working situation and those who are left need to run away from this dumpster fire as fast as they can. That's what I did, and I'm significantly better off getting out.