For everyone who survives the layoffs, you need to ask yourself a question - do you really want to work for a company that can so callously put its employees through the stress, uncertainty and frustration that everyone is facing now?
Businesses will always have ups and downs. But a company that cuts employees first clearly doesn’t value loyalty and dedication. Are you content to be the “low hanging fruit” or do you deserve the same loyalty you give?
Every company goes through this type of thing every once in a while. Banks are struggling right now due to balance sheet issues. I get it, it doesn’t feel great if you get laid off……. But sometimes cuts are necessary.
Kelly King will go down as the dude who cucked out to Bill Rogers and sank BBT now Truist.
Remember Kelly said this when the merger was announced:
He also noted that BB&T would adhere to “our long-held values, while simultaneously making fundamental changes in the way we deliver products and services.”
This purpose driven drivel is straight out of the “Purpose Driven Life” by Rick Warren who worships at the altar of globalism and socialism. Surprised it took Truist 30 years to implement it, but then it took the merger to do it.
@zuw you stated following-"If you don’t want to worry about layoffs join the public sector. Take the job security, benefits but with a low wage lol.
And stop commenting on these forums. We all knew this could be a possibility, working for the private sector is always gonna have its cons. Now this is one of them."
Working in the private sector doesn't mean you have to put up with abusive management or a toxic work environment, i.e., being on salary and having a workload that requires a 65-hour work week. Management then gaslights the worker bees like something is wrong with them and puts them down.
"do you really want to work for a company that can so callously put its employees through the stress, uncertainty and frustration that everyone is facing now?"
Between my partner and I we have worked for 8 different MAJOR banks over the last twenty and they all stink. They will all lie to your face. Get what you can from it and don’t take it personally. You can have moments of good if you get with the right people, but that never lasts. I wish the world was kinder and gentler to people but it’s not.
Why don’t you stop commenting.
Why are you even clicking threads you find annoying? You don’t have to read these comments.
If you don’t want to worry about layoffs join the public sector. Take the job security, benefits but with a low wage lol.
And stop commenting on these forums. We all knew this could be a possibility, working for the private sector is always gonna have its cons. Now this is one of them.
"do you really want to work for a company that can so callously put its employees through the stress, uncertainty and frustration that everyone is facing now?"
You're right I'd much rather for companies which have never laid off employees or rescinded offers like Google, Amazon, Meta, SpaceX, or.... Oh wait every major "employee first" company has changed tune. Glad you've found the perfect company wherever you are now.
There is no loyalty between a company and their employees. Do you really believe in the Truist values that Bill states over and over. Stop believing in fantasies
@ufr would make a better EL than anything SunTruist has now. Forward logical thinking is verboten.
It’s lean times in banking as a whole. It’s easy to cut expenses in labor as a knee/jerk reaction because labor and payroll are often a company’s highest expense item. I have the impression when Truist is facing expense reduction the automatic cost center to trim is labor and mostly labor. It seems to me a more strategic approach would be to review lines of business and determine which areas are performing favorably or unfavorably and make decisions based on those metrics vs. cutting labor across the board. Cutting labor is the easy way out in terms of cutting expenses. I have seen both talented and lackluster employees (tenured and non-tenured) impacted by layoffs across multiple business lines with Truist. It’s as if there is no logic - better yet, no purpose. Do better, Truist.
That commenter is probably your boss and was recruited into Truist at an insane salary and is realizing they got bamboozled. You can have this sh-t company that won't exist much longer
Severance looking real nice ngl
You must work in a LOB where layoffs aren’t a normally occurring thing. I can’t tell you how many layoffs I’ve survived in mortgage, even already earlier this year. Volume goes up and down over the years due to changing interest rates. It’s a feast or famine environment, just the nature of the business.
Every bank is reducing expenses and reducing headcount. Are you on Mars? Doesn’t value loyalty? How about keeping the pension….name me another bank that has one. Your comment is comical.