Thread regarding Truist Bank layoffs

Folks, they can do stock buybacks - but "there just isn't enough money" for decent merit increases.

My neighbor was complaining that she only got a 3% merit increase at her job with a different company. I told her we all got 2%, and our 401ks cut to 4% match.

The audacity to do buybacks when sc--wing over employees is Truist at it's best.

World class technology bank being created by merging two technology challenged enterprises into one that still hasn’t five years later figured out how to improve or implement any meaningful technology. Now we have an interim head of this for the entire bank who is challenged to reset his password. A lot of high priced talent has been brought in all across the bank dedicated to various technology areas and little has changed. Case and DeMaio were served up obviously because of the data breach that no one was made aware of until eight months later. What? How has Bill dodged any responsibility for bad decisions, because he alone controls the BOD. Too say the board has been derelict in their fiduciary duties is an understatement.

Duped? I don't think so. I think KK knew EXACTLY what he was doing.

It’s simple, Kelly and BBT board were duped and now Bill along with his BOD are continuing the con. He is running a much larger entity than Suntrust the same way. It didn’t work then and it isn’t going to work now. The purple passion purpose will be a footnote in the history of bank mergers and the shining example of how to sc--w up a merger 101.