Did anyone else see The Source email and notice the new “trophy” that retirees will receive? Truist sends you a freaking trophy after you retire while saying there will be no money allocated for any retirement parties. POS
Overtime FLSA payments
Anyone hear anything more about the overtime payments? A number of us received an email last year about our jobs being retroactively coded as non-exempt, and we were told we'd be receiving payments for overtime worked.
Insurance Sale may not Happen
The insurance sale is in real danger of not happening as no buyers think it is worth what Bill does. After the 6MM loss last week It will be interesting to know what Bill’s backup plan to raise capital and further cut expenses. Has anyone heard... — read more
First Union 2.0
I haven’t checked in a while…. Whew, that VSRP I took was the best thing I ever did. Truist sounds like sad and depressing place to work.
Bonus Season?
Are we expecting bonuses this year or a dissapointing email from Bill?
Keep an eye out for Billie Boy's Salary Increase
As the new year gets under way we should get some info on our wonderful CEO's pay package for 2024. I'll be keeping an eye out for the news, but others here can help as well if they find it somewhere. "Times are tough" so I bet it will "only" be a... — read more
Q4 Pulse Survey
Anyone know when results of the d-mbed-down Q4 pulse survey will be published?
Fourth Quarter “Earnings”
This earnings call will be brutal! What is the $6.1 BILLION goodwill impairment charge? 2024 Outlook: Revenue down 1 to 3% Adj Expenses flat to up 1% NCOs up 15 bps from 2023 Billy has accomplished the impossible - he’s sailing this ship... — read more
Culture: SunTrust vs. BB&T
Similarities and differences?
Insurance Sale
Does anyone have any insight into the sale of Truist insurance. Sounds like today's interest rate environment is making it difficult to get a deal done. Would expect further right sizing regardless
Is their a less relevant top 10 bank?
Number six in assets at merger, number eight four years later. A lot of growth markets in the southeast of US and the mismanagement has allowed competitors to take business while they continue to try a be a larger investment bank. No one in the... — read more
Layoffs vs Leases
Just spotted on LinkedIn, and it rings true. "Crazy idea: instead of laying off your team, break your lease on your office. Save your rent money, pay their salaries, and let them work remotely. Thanks for coming to my TED talk."
Not so great bank anymore
*I actually worked for BB&T until a few months before the merger was announced when I voluntarily left for a better opportunity. At least in my region, I could see things beginning to take a different approach to client relations and treatment... — read more
Pension
I saw this in a previous post. Is it true? I hope not. "we will also lose further accumulation to the pension."
Finding a new job
I still have my job, but I wouldn't be shocked if I get the boot in the next few months. My main problem is finding a good-paying job that's not a nightmare, especially for someone over 50. I've been searching online, and all I'm coming across are... — read more
Bryce
So what happened? No immediate announcement like Meyer..did he get fired?
Next wave of layoffs
What positions do you think will be affected in next wave ? Foot soldiers or manager level or leadership level ?
EDO has been affected a lot during this wave of layoffs
Most of the ppl in EDO that are in leadership positions have been laid off, and again hiring new ppl, it doesn’t make sense
Like a chessboard
People can be moved around like pieces on a chessboard but still not fix the problem.
Layoffs
Reduction in force...I was just affected by these layoffs. Worked before and after Christmas and New Years then get laid off after 12 years. CRAZY!! They send an email quarterly saying how much Net Income they've made In the mortgage sector... but... — read more
Data and AI got wacked
Does this mean we won’t be getting that Alexi BankGPT bot?
What a joke-Billy Bob Rogers
Bill Rogers does not care about Truist or anyone that works for Truist. If he did, he would have voluntarily taken a cutback from his 13.24 million dollar salary to keep his frontline workers who make Truist money from losing their livelihood. It’s a... — read more
It’s time to accept what has happened and move on,
To all the hBBT people, myself included, it’s time that we come to terms with reality. For every battle, there is a winner and a looser. For the battle of cultures, SunTrust won, we lost, it wasn’t even close. Our culture is dead, it’s gone, and... — read more
Never have I ever
Seen so many layers of management and I have no idea of their Purpose.
Which segments/LOB's are growing in assets (if any)
Genuinely curious. Are we offsetting this bleed with some awesome deals in CIB or some segment I'm not very in touch with maybe? I assume not due to the rate environment -- but it feels like I must be missing something.
Melissa Holding leaving really hurts
Enough said. This place is going nowhere.
In case you were wondering…
Weaver’s wife’s passport made it to them the Thursday before the Saturday before their trip to Italy. What a joke of a leader.
WHAT happened to metrolina region?
This is the most toxic it has ever been, no one works together, no support, absolutely no leadership, no staff. After years in this area and being the proclaimed "headquarter" region I felt like we were sheltered from some of the nonsense but now it... — read more
For those doubting hBB&T
For those who went through the BB&T LDP, you will remember the ropes course game we played. We separated into teams to try and when points to see which would obtain the most. We quickly realized that if all the teams worked together we all won and... — read more
Agonizing
This is the lottery from H3LL Most everyone has a ticket and it’s a waiting game to see if your number gets picked. Sadly, top management is sitting out. Sitting sooooo far out in left field (of Truist Park) that they don’t... — read more
ET Layoffs
Heard that multiple managers and worker bees under CM in Enterprise Technology were let go today. Anybody have info on when/where more layoffs will hit ET?
Merger of Disaster
I’m a BBT at heart until I die. This was/is the absolute worst thing I have ever experienced. I have never been on medication for anxiety and depression. Truist has NO MORALS. They don’t give a dog **** about their employees or customers. All they... — read more
You have the right to join with coworkers to address conditions at work.
https://www.worker.gov/form-a-union/#:~:text=To%20start%20the%20process%2C%20you,signed%20by%20your%20co%2Dworkers.
Ridiculous place to work
This place is becoming one of the most ridiculous places to work. “Inspire and build better lives and communities”- since when? This place is about being nice and bending over backwards for our “premier” clients, and treating actual people who need... — read more
Fear of layoffs as corporate strategy
Mediocre performance, layoffs, spending on toys instead of critical infrastructure, and an expanding executive team that rewards itself handsomely for failure. Not being paid fairly and not doing anything about it is the mentality they hope you... — read more
CCB continues to bleed
Not to beat a dead horse but in CCB (specifically in Commercial or Business Connect size) it's honestly been a dumpster. Feels like every day I'm hearing of decent sized accounts leaving. Yesterday had a company accountant call in telling me how... — read more
January Purpose Corner is Up
Care. Purpose. Regional deposit powerhouse. Positive energy. All my concerns have been addressed with the Jan. Purpose Corner.
My motivation is all but gone
What's the point? No matter how hard I work, my chances of being laid off are just the same as those of a person who barely does any work. Since people are being laid off based on their pay instead of performance, why should we bother with giving it... — read more