Topics regarding layoffs at Truist Bank

Topics regarding layoffs at Truist Bank

HR had layoffs yesterday

So word was out yesterday in the hallways that HR was conducting their RIFs. What have you all heard? Pretty quiet in here about that.

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| 10130 views | | 11 replies (last February 15, 2024)
Post ID: @OP+1r34nWfN

Audit is a MESS

Before anyone says why haven't I left. I'm trying. 1 - I'm on my 5th manager in 1 year. Everyone has left (many cases for lesser paying jobs just to get out) that had any institutional knowledge or care for the organization. My current manager... — read more 

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| 11140 views | | 20 replies (last February 28, 2024)
Post ID: @OP+1r3kEXEF

What Should Happen Now - Shareholder Destruction

The stock price has been battered under Bill Roger's watch. What should happen is total decapitation of the management team - I just don't think the Board has the ba--s to do it. The only two people who know what they're doing are Mike Maguire and... — read more 

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| 8760 views | | 9 replies (last February 14, 2024)
Post ID: @OP+1r32TDKg

Bonus

Anyone know the date for bonus payout?

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| 11100 views | | 17 replies (last February 19, 2024)
Post ID: @OP+1r1xJYmb

Which one? Only two plausible scenarios.

Would love to hear your thoughts! More likely scenario? How can morale improve without a complete overhaul of Executive Management? Board fires Billy Bob (and others) and brings in a proven leader to instill confidence for all teammates with a... — read more 

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| 10400 views | | 14 replies (last August 28, 2024)
Post ID: @OP+1r0SqjYp

Current Wells Fargo manager looking to move to Truist

Do you Charlotte employees RTO 3 days a week? I went back to the office in March ‘22 3 days a week. Charlotte based. Looking to leave the dumpster fire that is WF. Hoping Truist is a little better??? Hearing mixed things. Thanks

RTO Policy

“It’s just not the same here without you!” I’m sure everyone saw the RTO article on The Source today. Are manager’s being required to enforce the RTO Policy? My team works in digital. We are not customer facing, that is we are a back office... — read more 

30 or 60-day notice?

Nervous about upcoming RIFs next week in my department. Anyone know if Truist is giving a 30 or 60-day notice to impacted teammates? Layoffs are happening in waves, so not sure if the Federal WARN Act applies here. I believe that applies only if... — read more 

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| 9630 views | | 7 replies (last February 14, 2024)
Post ID: @OP+1qXZHwOu

Culture at Truist Needs a Complete Overhaul

Especially in the Mortgage division. I was rif'd in 2022. I am a HBBT associate. PCE is ingrained in us. It's extremely hard to to go from a PCE mindset to a "we're focused on being the biggest bank around and doing things like the other big banks do... — read more 

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| 10260 views | | 7 replies (last February 8, 2024)
Post ID: @OP+1qXwdpib

Leadership at The Firm and Investment Bank

Being here the past 5-10 years, before the merger and after, it's clear there is a lack of leadership across the board. Look at a place like Wells Fargo - they were a dismal failure rocked by scandal upon scandal back in 2016 and 2018 - but things... — read more 

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| 10030 views | | 7 replies (last February 9, 2024)
Post ID: @OP+1qW43HH2

Severance agreement

Did you know the reason companies offer severance is so the RIFed employee does not sue? Has anyone here that was laid off not signed the severance agreement, and then filed a lawsuit against Truist? Would love to hear your experience please.

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| 9990 views | | 7 replies (last February 9, 2024)
Post ID: @OP+1qVjvJHX

This is why SunTruist is the best of the best!

Truist today announced that for the third consecutive year it was named among the JUST 100 by JUST Capital and CNBC as part of its 2024 Rankings of America's Most JUST Companies. This year, Truist ranked #14 overall out of 937 brands. "Truist is... — read more 

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| 9580 views | | 7 replies (last February 6, 2024)
Post ID: @OP+1qVGH2pq

Disability / EEOC lawsuit

Anyone here ever experienced an employee with an ADA protected disability filing a EEOC lawsuit against Truist (or any of the heritage banks) for wrongful termination or employment discrimination? Curious if Truist settled and how much the... — read more 

If you were cut recently

How is the job search going? I know a couple of folks who've been looking for over two months and claim they still can't get a decent offer. Is that everybody's experience or have others been able to find something good? I'm just generally curious... — read more 

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| 9660 views | | 7 replies (last August 16, 2024)
Post ID: @OP+1qVU2lHj

Go away Billy Bob

Hey Billy Boy. Can you fu-k up any worse than you already have? I think the answer is yes. Why don’t you do us all a favor and leave. Take your millions and just leave. You and your buddies have ruined a good bank. I’m not saying that BB&T was... — read more 

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| 11170 views | | 5 replies (last February 5, 2024)
Post ID: @OP+1qTltHoT

Enterprise Payments (Digital) - Bonuses

Just heard bonuses in Chris Noe’s organization will be cr-p in March. Hard to stay motivated with all the expense cutting (401k match from 6% to 4%) and paltry bonuses for 2023. I’m sure all the executives will get huge bonuses. Sometimes I wish I... — read more 

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| 11220 views | | 8 replies (last February 6, 2024)
Post ID: @OP+1qTAQWKi

Mike Mayo and Truist

This is your reminder that one year ago Mayo was bullish on Truist. How quickly things can change. Surprised Bill n Joe didn’t hire him to run the current iteration of the old SHR. Wells Fargo analyst Mike Mayo maintained a Buy rating on Truist... — read more 

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| 10650 views | | 5 replies (last October 1, 2024)
Post ID: @OP+1qStWRyI

Sterling no more

Truist sells Sterling Capital to Guardian Capital Group. Deal closes Q224. I’ll be interested to hear the rational for this divestiture

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| 11420 views | | 12 replies (last February 6, 2024)
Post ID: @OP+1qShCN2w

Bill’s Purpose Corner

What a tool. He believes his own nonsense. Similar to David Koresh….talking nonsense and in circles. Bill, do you ever say anything with actual substance? Maybe, get to know some actual real leaders in the work place. Any a--hat that reads... — read more 

Anyone refusing to RTO?

I'm supposed to be in office one day a week, after working 2 years fully remote. None of my team is there, despite the reason for returning being "collaboration". What a joke. I wish everyone in this company would refuse to RTO. They gonna fire all... — read more 

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| 13020 views | | 12 replies (last February 14, 2024)
Post ID: @OP+1qQTmw3Y

Incentive plan 2024

Has anyone seen the video of the new plan ? Is this just a way to insure that most branches will not be getting a bonus ?

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| 12360 views | | 6 replies (last February 1, 2024)
Post ID: @OP+1qPodTRJ

Lack of inter-department communication

As someone in CCB I am routinely astounded by the lack of communication between departments. Whether it's IRM partner groups like Wealth/Premier/Treasury/Merchant, back-office support, branches, etc. etc. Does anyone else notice how other... — read more 

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| 11870 views | | 7 replies (last February 4, 2024)
Post ID: @OP+1qPwdRYQ

Joe T

I have personally heard Joe Thompson speak many times. He has spoke with nothing but candor, compassion, and purpose. I fail to see why he is generating so much animosity. The only sensible answer is that we are yet again experiencing the endless... — read more 

Do it to them before they do it to you

Like the title says...do it to them before they do it to you. A once fine institution has become plagued with incompetent executive leadership. Threatening layoffs and cost cuttings while they take the private jet all over the footprint. If you... — read more 

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| 15160 views | | 6 replies (last January 31, 2024)
Post ID: @OP+1qMVzjsG

Feels like Truist could be the Wachovia of this cycle

Wachovia had a decent brand with good deposit gathering capabilities in good markets similar to Truist, it was just mismanaged based on poor acquisitions and credit quality. It ended up being acquired by Wells in a take under for a 7 handle per... — read more 

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| 18220 views | | 9 replies (last February 4, 2024)
Post ID: @OP+1qL23P3D

W-2 Help

I was laid off end of last year and was told I'd be able to access Workday for Tax Documents, benefits, etc. Naturally, I no longer had access post RIF. HR no help as my Employee ID is no longer active. I like to get ahead of my taxes, but not sure... — read more 

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| 15510 views | | 6 replies (last January 29, 2024)
Post ID: @OP+1qKkocOK

Billy and EL Townhall City Visits

Can we ask that when the circus folk jump off the clown bus and the music is blaring and lights are flashing that teammates not act like they are part of some crazy pseudo cult…..cheering, clapping, and yelling like mo--ns. Authenticity is a core... — read more 

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| 16660 views | | 11 replies (last January 31, 2024)
Post ID: @OP+1qKuXksm

Bank Bonus

Funding and accrue methods will shock many in 2 months. Shareholders may appreciate the cost savings but retaining talent should be a higher strategy. The amount of commercial and wealth teammates leaving is staggering. When you see what is... — read more 

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| 20470 views | | 22 replies (last January 26, 2024)
Post ID: @OP+1qJgkrn9

Ridiculous corporate speak

I just can’t stand corporate speak. I think mgmt is continuing to use it out of habit and self-importance. It made sense some time ago while there was still a pretense that a company is an organization, that there are sensible goals beyond cooking... — read more 

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| 17310 views | | 9 replies (last January 24, 2024)
Post ID: @OP+1qIJ4egu

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