Yay! Please threaten me everyday with purpose in purpose corner! You have to be crazy to work w this dookie bank.
Sr. Risk Manager salary?
displaced by Wells Fargo a few months ago, in severance period, applied for a sr. Manager role at Truist and they want to interview me. I’ve heard Truist su-ks, but Wells has to be worse. Anyone know what the salary range is for this role, or... — read more
Earnings beat
Huge loss coming post was a bit ago Now earnings out with a beat Makes you wonder the veracity of many posts started be some How big are the layoffs coming
Minor reorgs subtly slipped in
In case you missed it, there were a few reorg announcements recently. You can find them in the Briefing Room on The Source. If you no longer work here, there isn’t anything exciting to share.
Leaving Truist
Why did you leave Truist? What was the final straw for you?
Expense Rationalization Initiative
EL rolling out “expense rationalization initiative”. Will be communicated to managers soon. Terrible news for teammates as means mass layoffs to cut costs. Bill and team are shifting strategy to focus on “keep the lights on” and retaining... — read more
Contingent Workers to be cut
Just found out from a credible source in HR that contingent workers to be cut soon. Truist will no longer employ CWs on H1-B visas. CWs who are eligible to be employed in US to be cut as well. Part of EL cost rationalization effort that Bill will... — read more
Who has made money on this merger?
Shareholders…heck no-big loss. Bill Rogers-Millions Kelly King-Millions Bo C-m-Millions Donta-Millions Should be illegal for executive to make millions on the shareholders dime. If you see one of these execs, kick them in the ba--s if they have any... — read more
Huge losses coming
Instead of laying off 50 100k employees, why not fire Donta? Then you would have more business and no change of anyone that works hard? Seems like an easy situation.
Layoff notices
I work in HR. I feel compelled to let teammates know layoffs are starting over the next few weeks. Very sorry. Be on lookout for one of meeting with your manager. HR teammate will join the call. So sorry 😞
Liberation Day for Truist
Liberation Day is here! How are you celebrating? Loving the circus 🤡. We are all going to lose our jobs at Truist.
Mass Layoffs
High level executive here. Truist is not doing well financially. Tariff situation exacerbating the situation. Unfortunately mass layoffs - 25% of employees - will be laid off this quarter.
TAS revolving door
How long are people staying on your audit teams? People are not even staying a year. Others are leaving at the year. The turnover is more than I have seen in audit and yet audit management is always flaunting look at all the people we hired. Try... — read more
India
Question. The company knows it’s morale su-ks. Why do leaders keep bragging about moving jobs to India? They keep reiterating how excited and great their trips there are and show us pictures. I vomit in my mouth every time it happens. I have 3... — read more
Truist su-ks
The relationship banker role is overwhelming. Working with incompetent teammates and the micromanaging is starting to truly irritate me. I have proven my work through my numbers and my teamwork over the 5 years I’ve been with Truist. Applied for a... — read more
Year End Review
Did anyone else get completely sc--wed over on their year end review? I'm hearing stories of people who were told that their manager gave them a good review and then the new CTO, having been here for a month, went in and lowered the rating and... — read more
Leaving at Lunch to Work from Home
Does anyone else’s office have people badge in the building in the morning to say that they have come in to the office only to leave at lunch and finish that day at home? This is happening in all three of the Wilson, NC offices. In this a normal... — read more
Truist leadership
Does anybody else feel like Truist leadership is intentionally leaving us in the dark about what's going on? Like the goal is to create a more stressful environment.
CIO’s Decisions Undermine Morale While Demanding Higher Engagement
Since joining Truist in November 2024, Steve Hagerman, our new CIO, has frequently expressed pride in IT’s accomplishments. However, it’s disappointing to hear that part of our bonuses was reduced by 1% under his leadership. It’s concerning that this... — read more
Is Truist still using the mainframe and COBOL?
I keep seein stories about how the IRS is 30 years behind on technology, still using the mainframe, and COBOL/Assembler languages. I also saw an interview where the speaker said all banks have already moved away from these legacy systems. I don't... — read more
Why go to college?
‘As a white male it makes no sense to invest in school other than a trade.’ I think this ideology will change. The push to a business degree was it allowed for multiple trades. As the workforce needs ppl a business degree will become important once... — read more
Does your raise compare to Bill and the boys (girls also)
CEO Bill Rogers saw a year-over-year increase in total compensation of about 12% in 2024, according to a new U.S. Securities and Exchange Commission filing. Rogers received a total pay package of $13.9 million last year. While Rogers' base salary... — read more
Bonus
Anyone leave post bonus?
Great company to invest in?
For a stock price that is now the same as it was 20 years ago. Dividends that are approaching 6%. (assuming they are not cut) How do the employees feel about it? (Reading comments here) How do clients feel about 800 numbers? (Reading comments... — read more
Great Recession 2.0 - Here We Come!
We should all be worried about layoffs and the economy. Experts are predicting a second Great Recession that could be worse than 2008. Banks like Truist will be hit hard. Scary times!
Conduent
After severing the contract with Conduent costing them millions, Truist is now crawling back again as some departments aren't doing so hot with Accenture and Infosys. Third time's a charm?
Was Beau fired? If so why?
Seems weird he left immediately?
Props to Truist
never thought I'd say this, but props to management for making things miserable. If it wasn’t for that mess, I'd still be stuck, not even thinking about leaving... but wow, it got bad and I had to do something. Now I'm heading somewhere that... — read more
Mass layoffs
HR employee here. Leadership is mentioning mass companywide layoffs by summer. Q1 is shaping up to be terrible in terms of financials and stock price performance.
Throttling all non-Truist web pages
It looks like they have started throttling all non-Truist web pages. I guess they assume that people don't need additional information from the internet to do their jobs at times. What a load of fools.
I miss BB&T
That's it. All I wanted to say.
Truist de-emphasizes DEI in latest annual filings
See article below. Contradicts what Bill said in Purpose Corner today 🤐 https://finance.yahoo.com/news/bofa-wells-truist-emphasize-dei-114701434.html
I can't believe I left a good job to join Truist
The biggest mistake of my career and it took me less than six months to realize it. Never again will I prioritize pay over everything else when changing jobs.
TAS Townhall
I hope to walk away with something from these town halls but all I get is a headache. The amount of BS in an hour and a half is unreal. How about we spend time on doing audits instead of listening to empty gestures. You lied and misled people to get... — read more
Truist Layoffs from Tariffs
Be prepared for layoffs from Trump’s tariffs. Will hit regional banks like Truist hard and will tank the stock price. Years of economic pain and higher inflation are forthcoming.
AI has us pegged
$10/mo SaaS better than all the consultants Q: “Can you tell me at a macro level in bullet points no longer than 10 words what is wrong with Truist?” A: “Here's a high-level view of issues with Truist: • Difficult post-merger integration of BB&T... — read more
Skills assessment
About 400+ email that employees have to rate themselves and then manager has opportunity to “update” the ratings…sounds like a precursor to layoffs…thoughts?
Total Reward Statement lies lies lies
This total rewards statement is a lie. Truist did not pay out more for medical insurance than the COBRA rate for my health insurance. Stop lying!!!
Management
Does anyone think there is bully culture at Truist? All the managers “strategically put in place” by their bosses during merger because of relationships and not so much for outstanding contributions. Now these so called managers think they are so... — read more