Thread regarding Truist Bank layoffs

Reduction in force announced today in mortgage lending

Everyone thought the merger was a mess. Is it worse now? I think so

Replaced grouchy employees with machines is the future.

Happy May Day y'all. Just a thought:

https://qz.com/work/2072802/a-us-bank-has-unionized-for-the-first-time-in-40-years/

All the banks are laying off, especially Well's Fargo, and guess what, we're hiring them. Now that makes perfect sense... Not!

For those of you who have never worked in banking during an economic downturn, buckle up. If you think things have been bad, as the song says,”you ain’t seen nothing yet!” Those who jumped to other banks or had to because of RIF’s I hope you prepared to be unemployed again. Reality check coming for many arrogant arses!

My thinking is why would anyone hang around because they expect Truist to become “better”? My opinion of course, but I am not sure it is even the goal of Truist management to make the bank “better”. They seem to be doing quite well peddling mediocrity. Let’s review their progress on the stated “reasons” for the merger.

Is the customer experience better? Is technology improving relative to competitors? Is the working environment getting better? Is the stock price doing well relative to our competitors?

And yet, I have seen zero responsibility taken by management for the mediocrity. They happily collect merger “success” bonuses, while gleefully promising analysts more and more (and more) job cuts to the little people (who apparently are the root of the performance problem).

Since the merger, it has appeared to me to be a short-term, milk the cash-cow mentality by executives, and the results and actions since then have not changed my opinion one bit. If you want “better”, it ain’t at Truist under this regime.

Meyer Case and Beau are laughing at you all as they count their millions

Uh… how many data centers do you think Truist needs @1knr+1gmL9EE7? The Suntrust ones were cr-p and being outsourced to IBM before the MoE was agreed to. There is plenty to criticize about Truist but it doesn’t need 5 data centers.

the decommissioning of the data centers have caused colossal fuckups to occur throughout the company. it's a good thing the regulators or the shareholders haven't been aware of what is/was going on behind the scenes.

Branch Banking....officially dead.

Don’t worry the good ole boys club will remain as is. Sucks not to be part of it, right?

Wow, that's a lot of money to trim off! What will we have left is an empty shell of a bank.