Effective January 1st per HR source.

That started all this. Bill had three jobs reporting to him, Head of Wholesale, Head of Consumer, Head of Insurance. Now he has a COO with to many things to list, Donta as Consumer head and goes outside the bank to WF for wholesale head. The BOD was... — read more 

Think about it. They are creating a stressful and hostile work environment intentionally. Why else let it leak there will be cuts and then make us wait with no additional info. People will get tired of this and leave on their own. Which plays right... — read more 

This man has single-handedly demolished one of the most profitable and well respected lines of business in HBBT. The Wealth teams were some of the most profitable and productive and this arrogant “leader” came in and dismantled most of what made it... — read more 

Beau moved to COO

Let's all embrace our purpose and T3 on this great Truist Tuesday

My team is half the size it was two years ago. Literally, they cut us in half but kept our work volume the same. And now we are worried that even more people will get cut. Who's supposed to do all the work? I'm guaranteeing you, if we lose more... — read more 

Who is actively looking/getting interviews vs just content to sit around and wait for it to be your turn to get RIFed?

I don't want to be thinking about layoffs once the holiday season hits.

Trimming the fat in operations, non producing leadership roles and HR.

You all should look up the YouTube segment of Last Week Tonight with John Oliver and his ripping apart of McKinsey. He alludes at the end BCG and Bain are probably doing the same unethical stuff. But the part where all these groups do is come in with... — read more 

In one previous post was this comment. Find this person and nominate them for CEO..they got it figured out. “ So Bill n Beau n Mike having spent the last two years putting Suntrust people in most leadership roles at all levels and spending like... — read more 

What’s going on? Glad no layoffs were done yesterday buts it’s confusing how will they save all this money and no layoff? R they waiting for January?

What levels and what groups got hit the worst

Lays at the feet of one person. Kelly King trying to apparently create a legacy convinced the BBT BOD that this was the future. Sold out a solid bank to a direct competitor and then gifted that leader with taking it into the future. Turns out none of... — read more 

I've been through layoffs before, but rarely when there was so little information available even as it was happening. I'm not sure who's responsible for this, but I really hope that person or people are held accountable at some point for all the... — read more 

Did anyone else walk away from today thinking “what the f**k just happened?!”???

Somebody please finish buying us.

Appears sale may not happen. Buyers not willing to pay price Rogers mentioned to Wall Street. Rogers has now dragged insurance into this mess. Morale is bordering towards terrible and insurance management is trying to put a good spin on it but it is... — read more 

Briefing Room is updated for this weeks layoffs

Looks like David Weaver sacrificed most of his directs to save himself. He is on point to why his org was/is a mess. Smh

My assumption is the new Board leaves in place to assist with the RIF and consolidation. However, long term, Bill has not proven to be capable of managing a bank of this size and scale.

https://www.efinancialcareers.com/news/2023/11/truist-job-cuts

More layoffs to come in Dec, Jan & Feb.

I was worried they'd reduce it even further.

Will there be more layoffs tomorrow? If the answer is yes, is there any way to know what will be hit?

When did or will this layoff happen? Which department/LOB/team was or will be impacted? If possible, provide some details about this layoff, eg. who's the leader of the impacted team, and when is the layoff date effective? Really tired of... — read more 

This merger su-ks. I remember the good old days at BB&T where this nonsense NEVER happened. So much stupid decision making! Perhaps is we focused on actual performance and hiring the best, most qualified person for the job instead filling... — read more 

I heard a rumor that dozens of branches in Virginia will close. Has anyone else heard this? Do we know which ones or where the teammates will go?

I still have to sign in and show up for work until my official last day. I have to play by the rules because the severance contract says it can be altered and changed arbitrarily at the banks discretion. The unethical nature of this is astounding. — read more 

He makes me laugh. Truist CFO Mike Maguire suggested that a wide-ranging revamp of the company’s organizational structure will be key to realizing $750 million in cost savings. “Avoidance of any sort of siloed or inefficient decision making… will... — read more 

That's the deal-breaker for me.

Will they be affected?

I guess I'm one of the few who are disappointed they're still here.

I've heard some managers have told their teams that layoffs are done for now, but we were not that fortunate. We also didn't lose anybody today, so I'm worried that the combination of the two means that tomorrow might be our day. How worried should I... — read more 

(1) Tailor to the job: Highlight relevant banking experience specifically. (2) Use keywords: Integrate terms from the job description. (3) Professional tone: Maintain formality, showcasing industry acumen. (4) Quantify achievements: Use figures to... — read more 

How much our bank spent on BCG and others to run the transformations?

https://www.worker.gov/form-a-union/

I’m sending mine to his Wells Fargo email