Thread regarding Truist Bank layoffs

Tech Layoffs Thread

Let's focus on the Tech layoffs in this thread. I am OK with having consolidated threads with other parts of the org but sometimes discussing more Tech specific topics helps. Maybe this thread helps a bit with basic Q&A on layoffs... Not sure but here it goes anyway.

Good luck all

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| 10251 views | | 12 replies (last September 17, 2023) | Reply
Post ID: @OP+1oB5s9zl

12 replies (most recent on top)

"Is Meyer cut?"

LOL, dream on! He'll be the last man standing, guaranteed. He knows how to play the game.

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Post ID: @3epn+1oB5s9zl

Meyer will somehow be saved im sure. Nothing changes before this guy is gone

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Post ID: @2spz+1oB5s9zl

Is Meyer cut?

"Disney needs a CIO perhaps they will hire Meyer"

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Post ID: @1xei+1oB5s9zl

Disney needs a CIO perhaps they will hire Meyer 😮

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Post ID: @1ygu+1oB5s9zl

The IAM layoffs already backfired. IBM can't seem to figure it out so they hired some of those people back as contractors at fractions of their old salaries and no benefits.

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Post ID: @bwx+1oB5s9zl

We were told by management this morning that taking a lunch break wasn't being a team player and that doing so would put our jobs at risk. "India doesn't take a lunch." was the quote.

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Post ID: @gal+1oB5s9zl

All those Psychology Ph.Ds are safe. Right? RIGHT?!?

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Post ID: @hux+1oB5s9zl

Tech layoff numbers supposedly aren’t huge, but who knows. I’m not holding my breath that they won’t offshore huge chunks of IT to “lighten the chassis”. 🙄

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Post ID: @yff+1oB5s9zl

Learn to code they told me

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Post ID: @wno+1oB5s9zl

I have heard there is focus on retaining / outsourcing software engineers and tech delivery resources but to consolidate work streams under GPMs, product managers, owners and SWEDs. There will be RIF of these resources due to consolidations

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Post ID: @etu+1oB5s9zl

Don't worry, folks, MY job is secure! Thanks for your ongoing support! Good luck to you all!

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Post ID: @cts+1oB5s9zl

Some posts here mentioned about IAM team cuts. What I gathered is that this tech area is getting outsourced to IBM with mostly offshoring. These cuts were in July.

Another post mentioned about cuts in Meyer and Bryces org, but haven't seen any more posts about that.

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Post ID: @qcn+1oB5s9zl

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