Thread regarding Truist Bank layoffs

The post here are absolutely off base.

Last June alone Truist gave $120 million to support small businesses and millions more since then. As of today, Truist gave $500,000 for victims of a hurricane that has not even hit the US yet. Talk about proactive.

It’s unfortunate their preparedness was not the case for the most forecast fed rate increase in history. The good news is all the money sent to nonprofits will be used by former Truist employees…

Remember, we are helping our clients become financially secure; just through digital platforms and advice provided by order takers.

We are helping our teammates learn, grow and build successful careers; just through being resilient at other companies.

Thereby we are helping our shareholders; learn the significance of shorting or not holding for the dividend.

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| 14131 views | | 9 replies (last January 8, 2024) | Reply
Post ID: @OP+1omXaMnm

9 replies (most recent on top)

Lest we not forget the 1.2 billion given last year when the Silicone Valley Bank failed, and then was bought out by Chase.

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Post ID: @27xtw+1omXaMnm

The purpose of the giveaways is to keep their ESG up

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Post ID: @2cdh+1omXaMnm

“Donating $500k while laying off people the very same week.”

Bingo. Just another in a list of sad examples showing the value executive management places on employees (and servicing clients for that matter). Also, a clear indication to me of the endgame.

I see little evidence executive management is putting real effort into understanding rampant employee and client dissatisfaction. The easier route to adding to their personal fortune is by selling-off existing earnings assets (insurance, shuttering regions, etc.) to generate immediate cash. Then, make highly publicized cash gifts to obfuscate the internal mess they created. Rinse and repeat.

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Post ID: @2nak+1omXaMnm

Donating $500k while laying off people the very same week.

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Post ID: @2wru+1omXaMnm

Just chiming in to say this is my favorite post on this thread, thanks for making me crack a smile

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Post ID: @hbr+1omXaMnm

Those disliking this post and commenting complaints seems to be in hurry or stressed. The post has so much sarcasm that even am extreme boring person like me is able to understand. Only thing I had to do was read the post beyond the header

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Post ID: @cfk+1omXaMnm

Even I can sense sarcasm and I’m an id--t

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Post ID: @ser+1omXaMnm

ELT has entered the thread

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Post ID: @nmf+1omXaMnm

Helping shareholders? Can you substantiate your claim when the stock price has plummeted in the las 2 years?
I think your post is off-base...

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Post ID: @dpz+1omXaMnm

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