Topics regarding layoffs at Truist Bank

Topics regarding layoffs at Truist Bank

Truist Financial Q3: Cracks Are Appearing

Mike Mayo didn’t write this! While the dividend is covered by earnings and shares trade at a large discount to BV, the decline in Q3'23 earnings and BV is not convincing. Truist Financial (NYSE:TFC) reported slightly better than expected earnings... — read more 

by
| 11330 views | | 10 replies (last October 27, 2023)
Post ID: @OP+1peCgNMz

Nobody wants to be here

It feels like everyone who's still hanging around at Truist are the ones who haven't found jobs elsewhere yet. With "yet" being the key word in that sentence. Nearly everyone I know either already got laid off, left voluntarily, or they're out there... — read more 

Outsourcing majority of Tech

Am hearing more and more rumors (from valid executive sources) that plans are well underway to outsource the majority of technology and infrastructure planning and implementation (including information security) starting in mid-2024 though early... — read more 

McGriff

Any updates for McGriff employees? Are layoffs still happening in the midst of talks to sell the remaining?

by
| 13550 views | | 4 replies (last October 23, 2023)
Post ID: @OP+1pby7Aca

RTO complete with bedbugs

Best way to get everyone excited about RTO is to brag about how effective the repeat treatments for bedbugs are.

by
| 14780 views | | 19 replies (last October 23, 2023)
Post ID: @OP+1pb82AOa

Insurance Optionally

CEO sounds like a broken record. Issue now is he is ki-ling insurance operation. Producers are actively looking for new opportunities outside Truist. All stock incentives provided have been a bust and clients don’t want to be a with a broker that is... — read more 

by
| 10710 views | | 2 replies (last October 23, 2023)
Post ID: @OP+1pa4eurN

3rd quarter results comments here

“The transformative work we announced in the third quarter to improve our financial performance is well underway. We are driving swift and meaningful actions to simplify our organization and reduce expenses. Our continued focus on core clients... — read more 

by
| 12560 views | | 21 replies (last October 23, 2023)
Post ID: @OP+1paiw6P0

Purpose Driven

I’ve read multiple times that Truist is a “purpose driven” organization. If the purpose is to alienate employees and clients, it’s doing a great job.

by
| 10010 views | | 2 replies (last October 19, 2023)
Post ID: @OP+1pa0blX9

T-t for Tat

So starting today SunTruist will get 2% less out of me. Sure I'm not the only one who is quite quitting. Hey EL, go fu-k yourselves!

by
| 11520 views | | 4 replies (last October 21, 2023)
Post ID: @OP+1p9JVVcZ

Im so glad I left Truist

I did not trust the "Leaders" of Truist, especially my new boss. Truist is heading in a terrible direction, cutting costs at the employee expense. They just reduced the 401K match to 4%, and don't think for a second they are not coming after your... — read more 

by
| 11610 views | | 8 replies (last October 20, 2023)
Post ID: @OP+1p9ZDeaP

4% 401k match

Effective 2024 Manager email just distributed, with more info being widely shared later today HR-

How would remote layoff work

Anyone with info for remote workers if they were laid off how is that done? Not being in a office. An individual call? Meeting? Email? Whole team call? Any one know any expectations on that.

by
| 9940 views | | 8 replies (last October 22, 2023)
Post ID: @OP+1p93NVOi

My offer got rescinded

I got an offer from a company I really wanted to work for just to have it rescinded a few days later. Talk about a hit to my confidence. Is this something that happens often? Or am I just that (un)lucky?

by
| 9180 views | | 5 replies (last October 18, 2023)
Post ID: @OP+1p9VwqVu

I think the layoffs have been greatly exaggerated.

I think the leadership is going to come up with creative ways to reduce expenses like maybe having everyone forgo raises and lower AIP instead of layoffs. I don't know of anyone that's been laid off.

So do Mayo and company

Become cheerleaders for Bill and his investment banker gang now, or do they continue to criticize the operation of the Purple purpose and trust technology giant formerly known as Truist (now SunTruist)?

by
| 9280 views | | 5 replies (last October 18, 2023)
Post ID: @OP+1p8WUfsy

Layoff Advice

Need advice, tips or tricks to ensure I get let go in the next round of rif's. No way I want to be here in 2024.

Mike Lamo

Why does anyone care what he says? His track record shows under 50% accuracy and like a 4% return. The guy is a clown who knows no more then you or I. He get paid for his smugness.

by
| 11100 views | | 8 replies (last October 19, 2023)
Post ID: @OP+1p6PX0Bu

Don't be weak

In life it is important not to be dependent on your job because these MoFos will never care about you. Always look out for yourself and don't be dependent upon your job. The key is to make more money than you need and that is it. It is simple. I... — read more 

Be wary

This website is likely selling our info to Truist. They will be able to trace back the comments with the data they get from this site. You’ve been warned.

Transform of Die

That's what Kelly kept saying. I don't think the transformation that happened is what he had in mind! Truist was going to digitally transform into some fantasy fintech! So, maybe the dying part is in progress.

New Truist Purpose

Let’s face it folks. Whether leadership will admit it or not, our new purpose is SURVIVAL. Bill Rogers and his legacy team have taken two respected banks and turned them into one entity that’s barely able to keep its head above water. And if... — read more 

Job Application Tuesday

Doesn't ring like TT. But do your self a favor and put in 5 applications today. Ring the bell on the board when done.

by
| 10600 views | | 2 replies (last October 10, 2023)
Post ID: @OP+1p1lPXsP

Insurance unit

Reuters is reporting that Truist is in talks to sell the remainder of its insurance unit

CCB

One of the last hBBT strongholds on it's last legs.

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

: