Topics regarding layoffs at Truist Bank

Topics regarding layoffs at Truist Bank

Pension

Many teammates received an email announcing we would be pension eligible starting Jan 1, 2025. This probably means pension will not be eliminated if they are expanding this benefit to new teammates.

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| 54300 views | | 5 replies (last December 30, 2024)
Post ID: @OP+1w65Stqs

Unexpected Holiday Bonus

I was pleasantly surprised to get a very nice bonus in my account yesterday. I asked my manager and he said it was a holiday bonus as a token of thanks for our hard work this year. Awesome!

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| 55200 views | | 14 replies (last December 24, 2024)
Post ID: @OP+1w4p5Ve3

Unrealistic expectations

There is a lot of pressure to meet unrealistic goals. We all work very hard to at least come close, and many of us spend too much time in the office. And yet we are regularly treated as if we are expendable, and there are no symbolic nor tangible... — read more 

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| 51890 views | | 2 replies (last December 20, 2024)
Post ID: @OP+1w4yzJMJ

A flawed approach

Promoting good employees is obviously cheaper and more effective than constantly replacing them with new hires - a five-year-old could figure that out. On top of that, promoting su-k-ups who can’t do their jobs is a total waste of resources. Yet... — read more 

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| 52870 views | | 5 replies (last December 21, 2024)
Post ID: @OP+1w3kawdL

Come on Grant -

Come on Grant. Are we going to go into the new year with the same people who have inspired the mass exodus of teammates, at the heart of the discord amongst leadership and simply destroyed since they came on board? The holiday gift we are all... — read more 

Thoughts on this?

SWOT Analysis Strengths Strong capital position with a CET1 ratio of 11.6% Diversified business model across traditional banking, wealth management, and capital markets Dominant presence in the high-growth Southeast market Improved balance sheet... — read more 

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| 53350 views | | 4 replies (last December 18, 2024)
Post ID: @OP+1w09BrRr

Moderators

The willingness of the moderators to delete posts at the insistence of the c suite make this site both useless and pointless. I will expect this post to be deleted as well.

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| 54060 views | | 17 replies (last December 18, 2024)
Post ID: @OP+1w0prkmJ

About Remote work at the end of the townhall meeting

Someone asked about the in office requirement and the CIO talked about some absolute nonsense and then he opened up about remote work saying that it did not contribute during pandemic which is a bold faced lie and literally the worst response. This... — read more 

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| 59000 views | | 16 replies (last December 19, 2024)
Post ID: @OP+1vVakiJQ

Purple Stickers

I keep finding purple stickers all over my hub facility and it says, “When you row, we grow”. This is priceless, people are cutting out the “g” in the first grow. I’m assuming that this means people are feeling like they are growing a companies... — read more 

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| 55030 views | | 9 replies (last December 23, 2024)
Post ID: @OP+1vVV877r

No Vision and No plan 2025

Retail LOB senior leadership being advised to tell sales managers that there’s no vision and plan for next year. They said after the executive meeting this past week that it’s still undecided and no plan. The conversation is TBD in NC at the end of... — read more 

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| 56130 views | | 9 replies (last December 12, 2024)
Post ID: @OP+1vSDZd29

Does truist dr-g test?

Hello I have an interview next Friday for a in branch Banker position (entry level). Does truist dr-g test for the roles?

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| 55270 views | | 8 replies (last December 9, 2024)
Post ID: @OP+1vQjCfir

Bill Rogers and Kelly King

As we see more and more of TIS Operations going over to “Truist Wealth Overseas” and the loss of jobs for people who actually knew what they are doing and always willing to help if needed, I hope you sleep well Bill Rogers, Kelly King and the BB&T... — read more 

Huntington bank

Selfish BB&T ppl there. I wouldn’t go here unless you got in at a very high level. Have you met Brandt Stranbridge or whatever his name is? No one can work there long term. Plus Huntington has a history of bone head decisions and they almost failed... — read more 

Use all your sick days

Sick days do not carry over to 2025. Use all your sick days by 12/31. Remember the executives “care” nothing for the teammates and are only looking out for themselves. Ensure you look out for yourself by using all your sick days.

Retail Incentive Plan 2025

They are out. We are being told to not share with our managers because our leadership is not happy and wants to talk through in a higher Q&A. They told us not to relay the information because it may greatly affect the retention of our areas and they... — read more 

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| 55300 views | | 3 replies (last December 3, 2024)
Post ID: @OP+1vNEzf69

Truist chairman buys $1.66M of Truist shares

See article below. Writing is on the wall that Truist will be acquired by a larger bank next year. Larger banks stock price is much higher than Truist. This is a personal strategy by Bill Rogers that his TFC shares will be cashed out or exchanged... — read more 

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| 54930 views | | 8 replies (last December 5, 2024)
Post ID: @OP+1vM2Dvk0

Restrictive covenant agreements are not enforceable

The incentive plan acknowledgement that teammates have to acknowledge in Workday is not legally enforceable. If you leave after AIP is paid and LTI vests and “recruit” teammates to join you, Truist has no legal recourse as long as you adhere to the... — read more 

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| 53560 views | | 4 replies (last December 5, 2024)
Post ID: @OP+1vMoWCvr

Don't rush to leave

Beware, sometimes the grass is greener because it is growing over a sewer. A lot of banks have the same issues as SunTruist. Your new boss or bosses aren’t always what they appeared during the hiring process. The culture your new employer has may be... — read more 

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| 52130 views | | 8 replies (last November 30, 2024)
Post ID: @OP+1vGCY7nS

Pension

Hearing rumblings that the pension plan will be eliminated mid-January, likely announced at earnings time to attempt to bury the news. This was originallly scheduled for August but had to be delayed. Be prepared.

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| 52690 views | | 11 replies (last February 7, 2025)
Post ID: @OP+1vFvDZnM

Ineptitude at every turn

This is what you get when you lay off all the seasoned employees and replace them with people with zero experience and about the same amount of knowledge.

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| 50900 views | | 6 replies (last December 1, 2024)
Post ID: @OP+1vFR4awu

Recruiting Team

Has anyone here ever had a positive experience with a recruiter? I feel like they are all rude and very unprofessional when it comes to coordinating interviews. Do you have someone you actually like to work with?

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| 50890 views | | 10 replies (last November 26, 2024)
Post ID: @OP+1vEHKId0

The name Truist?

Anyone else thought about the insane deception from Bill, Beau, (and potentially Mark Chancy is the bank sells to Wells), with this take over? To name the bank Truist is such a fake and disgusting thing to do? Who were they trying to convince this... — read more 

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| 51520 views | | 9 replies (last November 25, 2024)
Post ID: @OP+1vD3OcKd

Favoritism fueling hostility

Mixing favoritism with hostility creates a toxic work environment, and Truist has mastered it. Unfairness reigns, morale is shattered, and a healthy atmosphere is beyond reach at this point.

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| 50670 views | | 4 replies (last November 25, 2024)
Post ID: @OP+1vCvbCPE

M&A - Truist and PNC

Rumors circling around about potential PNC and Truist merger/acquisition next year. 2025 should be an exciting time for Truist! Bill n Beau get massive payouts and live the good life n their beachfront properties in Boca while the rest of us are... — read more 

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| 52630 views | | 6 replies (last November 23, 2024)
Post ID: @OP+1vC3DU8c

Management is fatter and worn down

Anyone else notice that mid to upper level management at Truist are more obese and have a generally “worn down look” 👀 from over the years. Kind of sad.

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| 48640 views | | 2 replies (last November 22, 2024)
Post ID: @OP+1vC2YyMO

Retail Voice of the Teammate

I was trying to listen into the call while taking teller transactions on the teller line. I couldn’t pay full attention and participate because likewise to most of our local branches, everyone is running slim due to turnover, vacations and unhealthy... — read more 

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| 48640 views | | 6 replies (last November 23, 2024)
Post ID: @OP+1vCs0eFn

Regional banks unionizing

https://www.americanbanker.com/creditunions/list/15-steps-in-the-unionization-of-banks-credit-unions

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| 46600 views | | 1 reply (November 22, 2024)
Post ID: @OP+1vBUXAqO

Exit Strategy

For those that are sick and tired of Truist, now is the time to start thinking of your “Exit Strategy”…… Tough it out until March when AIP/LTI is paid. Start interviewing in January/February. As soon as AIP/LTI is paid, put in 2 weeks notice and... — read more 

I wouldn’t buy Truist

Truist is cancer. Unless Truist completely liquidates everything and goes to cash, the cancer will spread to the next organization. Garbage buy for any bank.

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| 37860 views | | 7 replies (last November 20, 2024)
Post ID: @OP+1vwFAaXn

Truist acquisition rumors

Anyone else hearing that Truist will be sold in 2025? Have heard from several credible sources that Bill and the board are looking to sell next year.

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| 49010 views | | 37 replies (last November 24, 2024)
Post ID: @OP+1vt2hZJx

Is your manager a Truist Poster Child?

Symptoms include - Wearing purple to the office everyday, including purple shoes. Taking their job way too seriously relative to other managers in the organization Have you ever considered dying your hair purple? Maybe you could be... — read more 

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| 36860 views | | 10 replies (last November 21, 2024)
Post ID: @OP+1vtYD0PK

Unrealistic goals

Is anybody else tired of management setting unrealistic goals while fully knowing they're unrealistic just so they have a reason in the future to lay you off or even fire you? It's so obvious to everybody but it's become the norm. I really need to... — read more 

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| 28270 views | | 12 replies (last November 13, 2024)
Post ID: @OP+1vtFNk6E

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