Thread regarding Truist Bank layoffs

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How’s this working out for you fine SunTruist folks?

Agile means keep fooling the analysts and keep the BOD puppets in their place. King Rogers will be able to blame it on the dead guy (King) for 12 months or so before all are pressured to send him packing and new King will be installed. Rinse wash, repeat.

We’re agile!!!!!! So agile!!!!

You keep using that word. I don’t think you know what that means.

I love it! Truist also moves the cheese and breaks paradigms. I learned something - I never knew the definition of “nimble” was the inability to get anything done due to siloed workgroups, paranoid management, and endless/useless reporting.

But mostly, I am confused as to what purpose we are so “driven” by? I must be slow, because the only purpose driven actions I have seen the last 18 months is aggressive selling of the company’s human assets (layoffs), for short-term executive profit. I see no real “purpose driven” reinvestment in technology, training, processes…or anything else that would make Truist more competitive in the future. Here is an irony - while bumbling and cluelessly unintentional, Kelly may indeed “win” after all. He slithers away with his fortune and his “The #6 Largest Bank” purple trophy, and Bill only gets to milk the baby for a year, two at most, before the absolute dumpster fire burning underneath the surface is impossible to hide.

“Marketing” said the Captain with his tongue planted firmly in his cheek!

It's called "marketing".

The only reason these 'leaders' are so successful is the Fed. Reserve holding near zero interest rate policy, continuous monthly buybacks of Treasuries and MBS (approx 120B) and the Treasury dept. pumping endless trillions into the economy...errr stock market. Let's see how they'll do when TPTB decides to hike the interest rates and turn off the QE spigot. It's the LIQUIDITY that keeps the game going Bill, not your agility, ability, drive or purpose. If you lie, you better lie bigly.