Anyone else able to confirm the rumors on mass layoffs this summer after Q2 earnings are released?
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Bot posts this just about every two months. Next one will be “have you heard about layoffs after…… Memorial Day, Labor Day, etc?!”
Summer is coming!Be prepared.
We are being asked to complete capability surveys. It’s being promoted as a way to make sure they are getting the most out of people. It’s really just a way of ranking employees in preparation for moving our roles to Accenture.
Anyone have any idea when the managed contract with Accenture to offshore employees will be completed?
Google replaced hundreds of US positions with offshore hires. Truist will do the same.
In Enterprise Technology there will be a lot of layoffs after we sign the managed service contract with Accenture and they bring on hundreds of offshore resources to replace Ops and some Engineering. Leaders have already compiled RIF lists. Pretty sad this is where we are.
Drain the swamp
I once worked for a great company called BB&T Bank. I will always remember its culture of doing the right thing, serving the community, and rewarding performance based on effort and achievement. Many long-term friendships based on trust and integrity. As I sail off into retirement, I will remember BB&T, not Truist.
Resource gaps will be filled with offshore contractors. Those contractors will train on your job with the intent to completely replace in 12-18 months.
Poor leadership has consequences.
at least they still have a 6% match & 15% ESPP discount lol
CT&O are close to inking a deal with Accenture. Might be this week. Here's a link to your new benefits: https://www.accenture.com/us-en/careers/local/total-rewards
I'm not sure about layoffs but something regarding ProjectStar kicks off today. People movement rather than RIF, I believe.
Summer Lovin time for layoffs
I know in the TIS side many departments are being offshored. One is Imaging which is a vital part of dealing with documents.
BCG is poking around. Layoffs always follow.
They have a company they r working with to outsource several departments overseas so layoffs for these departments will begin
The layoff list that was assembled at the end of last year, they’re going to go through the rest of the names on the list
Yes. Our expense ratio remains elevated despite the recent layoffs. There will be additional consolidation/layoffs due to sale of Insurance unit. In addition, we have hired outside consultants to continue to "flatten" the lines.
I would assume so as a lot of banks are laying off.