Thread regarding Truist Bank layoffs

Wealth RIF Megathread

Comment if you were one of the ones impacted.

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| 24831 views | | 26 replies (last January 9, 2024) | Reply
Post ID: @OP+1ohf0xyA

26 replies (most recent on top)

Two weeks before layoffs began, an associate attempted an internal transfer, which was rejected because she was too important in her current role. Two weeks later they RIF her.

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Post ID: @2dnxc+1ohf0xyA

If you love Joe, just wait until you meet Bryce Elliot in Truist technology. He is the mega dousche version of JT who instead of being fired after 3 years of terrible performance is tasked with getting rid of 20% of his staff

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Post ID: @rlkw+1ohf0xyA

Relax guys , it’s just a job. Find another one and move on.

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Post ID: @ilpg+1ohf0xyA

Ray Hand at Truist openly flirts with all females in our office and this guy is still employed in 2023?

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Post ID: @9iyd+1ohf0xyA

I feel so sorry for all the employees of Truist. I’ve never heard of a company keeping their employees in a constant state of concern about if they will have a job tomorrow. Makes me very happy that I’ve chosen to not do business with such an organization that doesn’t hold Board members or Executives accountable for anything.

Stop scaring your employees! If you’re going to restructure then start at the top. GET YOUR MONEY OUT OF THIS SPIRALING FLAME, BEFORE IT COMBUSTS!

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Post ID: @6kqk+1ohf0xyA

Joes closing comments. “We’re below average but so are others…”. And “this is going to be tough going for client-facing wealth associates”. No sh-t! Being client facing has been combat duty since you screwed up the conversion and it went downhill from there.
How in the world does this dude still have a job??

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Post ID: @5mip+1ohf0xyA

What was the call about? Let me guess, schmoozing over the layoffs?

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Post ID: @5odi+1ohf0xyA

Joe T sounds like the perfect CEO for SunTruist.

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Post ID: @5mkh+1ohf0xyA

Joe Thompson….biggest arrogant a--hole in the entire company. And that’s saying something

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Post ID: @5luz+1ohf0xyA

@5bbf+1ohf0xyA
Wealth specific. Scheduled to last until 5:30 so the RTO folks get stuck in traffic.

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Post ID: @5gct+1ohf0xyA

Wealth specific all hands meet? Or company wide?

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Post ID: @5bbf+1ohf0xyA

Predictions for today's All Hands Call?

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Post ID: @5tyu+1ohf0xyA

Joe T is a f-Ing joke. It’s really sad what truist has become with their constant “purpose and care” propaganda. You show you care by taking care of your clients and your employees. They and specifically Joe have lost sight of that

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Post ID: @4rch+1ohf0xyA

It isn’t just Joe that has zero respect for anything or anyone BBT related. That is rampant throughout the organization and has been from day one. You think they knew that in time it would be Suntrust II?

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Post ID: @3cdt+1ohf0xyA

Yes to answer your question….every Wealth associate that I’ve heard of that was cut was from BB&T

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Post ID: @3emc+1ohf0xyA

Heritage BBT?

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Post ID: @3tfe+1ohf0xyA

I was a wealth advisor who was cut with no explanation other than restructuring.

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Post ID: @2yzj+1ohf0xyA

BB&T wealth for the most part actually cared about the clients. A lot of the Suntrust commercial and consumer loans and lines on the books don’t qualify and never did. So much shady sh-t on the books.

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Post ID: @2vtq+1ohf0xyA

Since day one after the merger it was clear that Joe Thompson has zero respect for anyone or anything affiliated with BB&T Wealth. He is singularly responsible for alienating all of the employees and driving away so many. He has undone all of the progress made. Every leadership position has not-so-gradually gone to Suntrust alumni. The fact that he is still around and making decisions spells continued deterioration of any positive culture in the division.

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Post ID: @2nbj+1ohf0xyA

Anobody ever heard a use car salesman say Truist me?

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Post ID: @1cgz+1ohf0xyA

Where is your Truist in management? They are servant leaders afterall.

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Post ID: @1byj+1ohf0xyA

The fact that Wealth is laying off people, and Joe Thompson is not one of them, is another symptom of how broken Truist is.

I am not sure there is anything nice you can say about him, he is comically bad in so many ways. But, anyone associated with him or Wealth already knows this. The fact that someone higher up thinks he should lead a division perfectly explains our stock price.

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Post ID: @vkz+1ohf0xyA

Wealth “Teammates” won’t lower themselves to bother with a layoff board. They are waaaay too important and smart. Rainmakers, MD’s, MD’s to be, MD wannabes. Look at a photo of Thompson, if he isn’t smugness and arrogance personified. I googled smartest kid in the room and damned if his picture didn’t come up.

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Post ID: @ngg+1ohf0xyA

Almost one day in the wealth “mega” thread has 3 replies time for a renaming…

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Post ID: @myl+1ohf0xyA

I bet none of Thompson’s leadership team has been flattened, they all continue to be fattened!

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Post ID: @bmn+1ohf0xyA

Flattening of the org, more ownership in book of business blah blah blah. Stop me if you’ve heard this spin before. Nobody used synergy, no longer a buzzword I suppose.

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Post ID: @azv+1ohf0xyA

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