Topics regarding layoffs at Truist Bank

Topics regarding layoffs at Truist Bank

Execs MIA

Joe - let's negotiate a couple of contracts and outsource a good portion of our workforce. Bob - great idea Joe! Mary - yeah great idea Joe! Joe - Great, everyone agrees - let's get started 8 months later--------- Contracts are complete -... — read more 

My Swan Song

I realize that we have a somewhat divided camp on this forum. I sympathize with ANYONE that works here now. Regardless of where you came from. I'm on my last leg and will be gone long before this year is done. When I came to BB&T, the long standing... — read more 

Consultancies are parasites

Literally. They swoop in, do “reorg” for inordinate amounts of money, make a mess, and more often than not leave their people inside that we have to cover for because they have no clue (nor care to do a good job). That’s on top of us having to pick... — read more 

CT&O Layoffs announced today

This message is to our pathetic leadership in CT&O that developed the layoff plan and moves to Accenture and Cisco that were announced today. As someone who was 'retained', I'm very concerned about the future of CT&O and our ability to support the... — read more 

by
| 21530 views | | 44 replies (last July 25, 2024)
Post ID: @OP+1tsJwl3H

July Purpose Corner

Just wasted 5 minutes and 42 seconds cringing through the July edition of Purpose Corner. Another Oscar winning performance by our leader in chief and dose of purple kook aide. Purpose and Performance are inextricably linked (wheels on the bus go... — read more 

Reorg of CT&O Coming

In a meeting yesterday my boss mentioned that the new CTO said that a reorg was already in the works and could happen as soon as two weeks and there would be "job impacts". And although you should always take everything you see here with a grain of... — read more 

Job offers have completely evaporated

I haven't been contacted by a recruiter in a while, after being swamped for months. The offers were never good enough but at least they were there. I'm worried about what this might mean for the future, especially if we're looking at even more... — read more 

This place is a swamp

I got a job more than a year ago. I wanted to add some experience, learn new skills, and fatten up my resume. I’ve been running in one spot this whole time instead. Team is horrid, lead even worse. Now I’m thinking about completely abandoning the... — read more 

Interesting RTO development

I heard that for return to office they plan on assigning work styles (in office, office-centric or remote) to roles vs teammates. Once they do this they're going to look at how teammates map to the roles. They may not initially ask teammates to... — read more 

Can one have a semblance of career here?

I’ve been stuck in this one job for too long. Admittedly, I’m not a good a--kisser, but I do my job well. Is it really not about competence and performance at all? I mean, I get the social and hierarchical aspect of work relations, I get you do need... — read more 

This sums up a lot of Truist issues

So much truth to this. A harsh reality every company needs to face: ➟ Top performers lose motivation when they see poor performance rewarded. ➟ Productivity and innovation decline as unqualified people are promoted. ➟ Morale suffers when... — read more 

by
| 16560 views | | 8 replies (last July 10, 2024)
Post ID: @OP+1tmRKfJ4

Something happening next week

I’ve not been involved in discussions but I’ve heard something is happening next week. A big layoff? A big announcement? Something is up.

It’s sad to hope every day to be laid off

What does it say about the company we work for? We spend too much time at work, and yet work here is pointless, stressful, takes away every day from your soul, physical and mental health. There is nothing on the positive side. Nothing. No sense of... — read more 

Stock buybacks don't change the reality

Truist’s reputation across their footprint is very poor. At some point a bank has to bring in and retain clients, and Truist is struggling with both. Decreasing the stock float with buybacks doesn’t change that reality. Like the insurance sale, my... — read more 

Bad management is exhausting

I’m a hard worker, well organized and efficient. It’s just the way I am. I’m at my best when I’m allowed to operate that way. I have personal satisfaction from doing my work well. But mgmt just won’t let me do my job. There are so many pointless... — read more 

Monday Kick Off/ A great place to work

Yesterday we had another great kick off for the week! Our RL got on and told us all about how our leaders are laser focused on making Truist the greatest place to work! They didn’t go into detail; but my AL said we gotta ~believe~. After that we... — read more 

Dysfunction in audit

How can TAS audit this organization when it is so utterly disorganized? Who's checking the checkers over there? Got off a call yesterday that left me scratching my head and worried deeply for this company.

“Right Sizing” Branches

The staffing levels for retail is insane. I lead a relatively small area compared to some of the areas of my peers and my branches are almost always running on two teammates between all the pto being used in the branch. Whether it’s sick time or... — read more 

Hurricane Season

I’m being told to tell my branch leaders to get their laptops home during a hurricane because we will expect them to work from home during a hurricane, even through an evacuation for those branch leaders I have in evacuation zones. Some of my branch... — read more 

by
| 13910 views | | no replies yet
Post ID: @OP+1tiZCNCE

I'm getting so tired of this

Instead of being reprimanded or even shown the door, the only "consequence" low performers see is being sidelined. Most of their work is transferred to the rest of us while they're ignored. Why this is being done is beyond me. Why reward somebody for... — read more 

New dormant status

Truist I think will take over Pfizer as the most dormant stock with no gains after the buyback boost goes away. The long term strategy just isn’t good.

by
| 13500 views | | no replies yet
Post ID: @OP+1thEN1aA

Stock buybacks begin 3rd quarter

Bill and BOD sold insurance off so they can begin the stock buybacks to increase share price. Board voted to spend 5 bil on share buybacks. Some of you think Bill is gonna get the boot, LMFAO!

by
| 16930 views | | 15 replies (last July 3, 2024)
Post ID: @OP+1tfSp0bA

Here’s how all this breaks down

The retail team, especially those in branches are the heart and soul of this bank when it comes to client facing roles. They take way more abuse than they deserve generally at the hands of departments that can’t seem to get their act together. This... — read more 

Layoffs next week?

There was talk a while ago about layoffs at the start of July, what happened to that? Has it been proven wrong or not? Should we worry about next week?

Retail Banking Updated

Long story short, corporate caught wind of what our region leaders were telling us to do with mid year reviews. Now our region leaders are advising us to share with BLs and their teams that we have to grade performance as the overall score number on... — read more 

by
| 13510 views | | 2 replies (last June 28, 2024)
Post ID: @OP+1tfUh68v

Retail Banking

Long story short, middle management came to the conclusion that we should manufacture and manipulate how we will assess teammates and branch leaders this mid year. Our region leader told us that we now need to look at all individual categories on P2P... — read more 

by
| 16330 views | | 13 replies (last June 30, 2024)
Post ID: @OP+1tehJHce

In-Office Requirements - Say Bye to WFH & Hybrid

Truist has recently mandated that employees return to the office, with the exception of a select few who are mysteriously exempt. This decision has left many employees frustrated and upset. The new executive managers, most of whom are external hires... — read more 

Lawsuit Filed Over Data Breach

WRAL.com is reporting that suit has been filed over the data breach. Here's to hoping, but not expecting, for heads to roll. https://www.wral.com/story/charlotte-based-truist-bank-sued-after-data-breach/21494665/

TN team

what is happening! so many people have left?

Dr. Death Out!!!

Dan Stephenson's reign of te---r is coming to end. His last day just announced July 1.

bad management committee

Who is starting this committee to turn in bad management to a website followed by large shareholders? Then the large shareholders can remove board and Billy Bob.

by
| 15490 views | | no replies yet
Post ID: @OP+1t7IekRD

Start a new thread - post a news comment, question or message:

: