Thread regarding Truist Bank layoffs

It is interesting that Citi is doing some of the same things that Bill n Mike are doing. Bill talk to his fellow CEO and follow her lead? I wouldn't think she would give Truist the time of day but it is possible. Citi is certainly big enough to absorb SunTruist at some point in the future.

Texas was a heritage BB&T market.

Which former bank expanded into Texas first, BBT or STI? Anyone remember?

From a commercial lending perspective, TX growth has mitigated runoff everywhere else. I’d doubt they pull back there.

Regarding this comment:
“ Just a thought, does anyone think Truist would retreat from states such as Texas? This would dovetail into Rogers comments about shrinking geographies.
The focus is obviously on the larger ATL/Metrolina/NoVa/South FL markets, the rest be damned.”
Clearly larger markets were ALWAYS the only markets Bill cared about. Every HSuntrust focus, credit target, Commercial and Wealth segment , incentive or other policy was driven to large deals, large clients and large markets. That’s why this entire merger has been much more painful and costly to former BB&T employees and clients. He praised the BB&T Community bank focus and IRM culture all while he was instituting changes to dismantle it. You could see it coming miles away.

Return to work has little to do with layoffs. They’re paying for the real estate regardless. They were going to shrink space anyway. Even early on in the merger they were moving us towards shared space and “hotel offices”. Those minimal savings are not nearly enough to stem the massive revenue losses. As with everything else Bill Roger said this week, it’s the same cr-p he’s been selling for 4 years.

The question about leaving TX is probably valid. If you shutter an entire market which has never really grown, you can save some real money. Besides that was a legacy BB&T geography…. And the “new leadership” loves to undo anything hBBT.

Just a thought, does anyone think Truist would retreat from states such as Texas? This would dovetail into Rogers comments about shrinking geographies.
The focus is obviously on the larger ATL/Metrolina/NoVa/South FL markets, the rest be damned.

Awesome day for Truist stock down almost 5% back firmly below $30 per share. Guess the street is not very impressed with these initiatives.

“ People got so spoiled working from home. You got to work from home for 3 years when normally you would not have been allowed to do that. Now the whiner start up when they have to come back to the office. And that isn’t just Truist.”

Now tell us what your favorite flavor of boot polish is.

People got so spoiled working from home. You got to work from home for 3 years when normally you would not have been allowed to do that. Now the whiner start up when they have to come back to the office. And that isn’t just Truist.

The office building at Truist Park just another sign of the great decision making by our illustrious leaders. SMDH

Could be, probably honestly, should be. I don’t understand what they’re push to bring us back to the office was about anyway. They clearly can’t afford it.

could that also mean the number of buildings we occupy and/or floors occupied? there are multiple buildings in atlanta occupied by truist teammates, and a new one being built by truist park. most days the seats are no where near full on any floor downtown.