Truist needs to stop treating employees as an expense and nothing else. The way they disrespect us, you'd think that this bank is working on its own and we are just a nuisance - not the ones who actually get things done and keep things running. Somebody needs to remind this "leadership" of that.
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Unionize
"I implore everyone to refuse to sign the document when it's presented as a requirement."
Why though? What is the end goal in not signing this paper? If you're going to implore people to do things you should provide reasoning. You sound like you have something to gain at my expense.
Just so everyone knows employees are no longer required to sign their rights away to get their severance. I implore everyone to refuse to sign the document when it's presented as a requirement. You do NOT have to sign that statement they will insist you sign. If you don't believe me see this statement from the NLRB. This new rule was implemented in Feb of this year. https://www.nlrb.gov/news-outreach/news-story/board-rules-that-employers-may-not-offer-severance-agreements-requiring#:~:text=Today%2C%20the%20Board%20issued%20a,the%20National%20Labor%20Relations%20Act.
EL track record thus far:
2021 stock price ended at $58.55/Bill made $7.8M
2022 stock price ended at $43.20/Bill made $10.M
2023 stock price ending at $33.15/Bill made $13.2M
I think I know how to fix this…
Agree. Wells Fargo is about to undergo a 750M expense saving RIF. The difference is what occurs on the other side of the RIF.
All of our Peer banks are laying off. Truist is no different. But our poor financial performance won’t be solved by layoffs alone. I believe the biggest problem is poor strategic decisions which I blame on our poor EL.
Just another “bot” post. Just stop that you are going to change leadership. Go ask Bank of America and BlackRock how they have changed leadership.
We need a union!
https://betterbanks.org/