I was in Charlotte yesterday and heard several executives whispering something about layoffs which will begin on June 30 and last through July 14th. Can anyone confirm this?
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Truist has become a ruthless culture and has poisoned the well, eroding well-being and ultimately driving out the best. Truist's cut-throat environment is par for the course. Their attitude is to put everyone in the snake pit and see who climbs out is nauseating, get out if you can.
For myself, “It was always, We’re the best bank in town, once this toxic culture started developing I became so wrapped up in it all until I eventually hit a wall. I was a mess I knew I couldn’t do it anymore: I quit.”
@zqu+1gGJBG6V is 100% correct, however, it’s laughable to think anyone at the executive level will be fired or fall on their sword. The entire BOD should take a hike as they ultimately rubber stamped this fiasco. Oversight? Must be a country in South America to these clowns. The stock decline alone should have heads rolling. I really don’t understand how good people, I’m talking about you Clark Starnes can remain a part of this. There is no one with integrity left and country preacher King is the biggest flunky of all. The sicko’s that sang his praises on social media when he single handedly with his cohorts ruined a bank in the name of technology? If that were true a fintech company would have been the right partner, not an equally pathetic southern good ole boy bank. Where is the real anger people!
If the Board of Directors had any degree of shareholder focus, layoffs would start at the top. I understand the stock market is selling off right now, but think about this.
We have been nearly a generation with the stock price stuck in the same general neighborhood (sti, bbt and now tfc). How many employees could survive with no production for 1/10th of the time this insanely paid group has? Oh, and go check out customer reviews on the ground breaking technology executives promised we would be providing clients with the cost saves from the merger. Crony capitalism at its finest.
Probably in mortgage