Thread regarding Truist Bank layoffs

You “Teammates” problem is what you think is right does not matter. Only Bill and the BOD decide what’s right. Your opinion is of no value. If they want your opinion they will give it to you!

@2ule+1tdRt3EG All I know is that I did NOT have a "blessed day" the last time that do-nothing creep interrupted everyone in my building's work to shake my hand like that means something.

After reading all the posts, please check into why Kelly King, was getting harassment calls and other truly vial threats, then his announced planned exit! Merger thrived to throw out all that Survived!
Take the Cash, and eliminate all in the Past!

Yesterday some great dedicated Correspondent Mortgage Lending original BB&T sales reps were part of RIS. On the call, after the RIS announcement, Management congratulated all the old SunTrust reps and their new clients by default. Cheers and clapping were heard as SunTrust got it’s wish from the original merger to dump BB&T mortgage reps. What a low class and toxic environment.
From all the exodus of profitable business units and super quality professionals that made profit for BB&T, this current corporate down logic, is like handing out life jackets as the Titantic was underwater. Future fall of Truist is imminent, and the only one’s that profit are BOD’’s, stockholders, and those with the golden parachute.

A sad state of self centered greed, toxic logic, mismanagement of human assets!
No real inflation raises, but good profits thrown at wasteful marketing and self centered ego st-----g.

Post from TheLayoff.com

So based on what you are saying, Kelly sold the farm and left with his millions with no regard for his employees?

My point is, there are a lot of people who are no longer here and people who are still here that are making terrible decisions that are affecting all of us, all of us Truist employees. It doesn’t matter which heritage bank you came from 4 years ago. We didn’t choose this merger, it was thrust upon us by the people in power. We’re all in this together now rather we like it or not. Let’s direct the anger at the people who did this, not each other.

SunTust Stock at the time of the merger:
Post from TheLayoff.com

Bill and Scott ate the issue period.

@1evt+1tdRt3EG "It’s amazing to me that people are still trying to only blame Rogers for the state this bank is in..?"

Rogers is wholly to blame. The stock has done nothing but lose value. The stock has gone from $65 dollars to the mid 30s all under BillyBobs watch. He is the one responsible for project star and for running off ex BBT leadership and Board members.

In spite of all the merger of "equals" claptrap, BB&T bought SunTrust because SunTrust was weak enough to be bought under BillyBobs lack of leadership. He's now doing the same thing to SunTruist that he did to SunTrust. Making it weak enough to be bought and then cashing in.

Sadly we will all suffer from BB&T catching this nasty STI.

It’s amazing to me that people are still trying to only blame Rogers for the state this bank is in..? Remember this merger was the purposeful action of TWO boards and TWO CEO’s, acting in concert after extensively negotiating the terms that what would make all of them the most money. Things that are happening now were planned and set in motion several years ago by rich people who were greedy and sold out all the great, smart, dedicated people who were working at BOTH banks. Those greedy people are the ones walking away with golden parachutes while a lot of us make less than we did at our previous heritage bank, with more stress, longer hours, and now will probably be laid off by the end of October while the Truist Board and Senior Leadership (which is a revolving door of people getting signing bonuses) throw money around to various charities like Truist is printing money.
Everything that is happening now was all part of the original 5 year plan unfortunately.

They honestly need to take “happiness” out as one of our values since leadership clearly doesn’t care one bit about teammate happiness.

Every company has RTO in place and so not an issue.

Capitalism working as designed.

My mental & physical health is tanking from working here. So drained and burnt. There’s no care for my situation.

Typically when a person tells you how (great, virtuous, honest, etc) they are, it is an immediate red flag. Very often they are quite the opposite.

Similarly, those who say they hate drama typically live for it. The bank seems to be the same way with purpose. All this self promotion is a huge red flag and those of us on the inside see it for what it is. A cover for terrible decisions and mistreatment of employees.