Thread regarding Truist Bank layoffs

Charlotte Business Journal Charlotte Business Journal - Truist's top priorities

Going to be a rough year! Take care of yourself.

Charlotte Business Journal Charlotte Business Journal:

"One of Truist's top priorities this year is to focus on funding and reducing costs as the banking industry could likely see higher capital requirements"

by
| 33791 views | | 10 replies (last June 16, 2023) | Reply
Post ID: @OP+1n7YGrnn

10 replies (most recent on top)

"Who is the Committee for Better Banks?
The Committee for Better Banks is a coalition of bank workers, community and consumer advocacy groups, and labor organizations coming together to improve conditions in the bank industry. We work to end unreasonable sales goals, for just wages, career paths and job security for front-line bank workers."

https://betterbanks.org/

by
| | Reply
Post ID: @2yfy+1n7YGrnn

You won't do anything.

by
| | Reply
Post ID: @2vnm+1n7YGrnn

… as well as bringing a class action lawsuit.. ..All of us that didn’t sign severance agreements can come together

by
| | Reply
Post ID: @2pio+1n7YGrnn

HR is hand in gloves with leadership and doesn’t give two hoots about teammates

Dishonesty all around

No transparency

Overwork beyond imagination

Too many stories floating around.

All perfect conditions for unionizing

by
| | Reply
Post ID: @2rcl+1n7YGrnn

HOW IS IT that the teammates haven’t approached labor unions to start soliciting ?????!!!!!!

2020 onwards was a perfect time to get unionized since there was enough justification on ethical grounds alone

We all went through those mandated learning paths.. why not out that knowledge into practice when it behooves us to do just that on moral grounds

by
| | Reply
Post ID: @2qnc+1n7YGrnn

It will be interesting to see the new and creative ways Truist’s executive management will conjure up to blame
their own dismal management performance.

Merger accounting was a magnificent way to hide their ineptitude initially, but that excuse has run its course. Knee-jerk layoffs were a short-term bottom line boost that kept analysts at bay - but staffing in most areas is at, or below, a critical level right now - we are losing clients for lack of service.

At some point in the next five years, I wouldn’t be shocked with another merger that pays the Truist executive team handsomely - to walk away from the mess they created!

by
| | Reply
Post ID: @1abk+1n7YGrnn

Meanwhile, Bill R. got a 27% raise.

by
| | Reply
Post ID: @1iin+1n7YGrnn

Gotta get that parking garage revenue with RTO!

by
| | Reply
Post ID: @hes+1n7YGrnn

This is happening at all banks.

by
| | Reply
Post ID: @omm+1n7YGrnn

Sending everyone a pen and some stickers is a great way to reduce costs !

by
| | Reply
Post ID: @bmg+1n7YGrnn

Post a reply

: