Truist targets 5% cut in costs as part of 'pivot' EXTRA Monday, September 11, 2023 12:29 PM ET By Harry Terris Market Intelligence ADD TO CREATE ALERTEMAILPRINTPDFFEEDBACK + - Truist Financial Corp. gave numbers for an expense reduction push it... — read more 

Before involuntary layoffs. I know a lot of people who would volunteer.

I wonder what this means. They should look at the CIO and his minions. They made tech a place nobody wants to be, at least none of my associates.

I started looking for a new job three months ago, and I'm still on the hunt for something that matches up in terms of perks and salary. Is anyone else in the same boat, or has somebody struck gold and would like to share his/her riches? I'm curious... — read more 

Glad I had the foresight to leave that hellhole back in 2021 once things just started getting bad. Seeing the investor presentation yesterday only confirms that Truist's only purpose is to make your life as miserable as possible in order to line... — read more 

Okay so if threatening to fire approximately 3000 f us was worth thirty cents a share… how many of us would he have to fire to get the stock price back to pre merger level?

Worst stock performance in two years but somehow our leadership got huge raises and now others will be sent home due to their arrogance. This company use to be great until the SunTrust mafia took it over. There is no accountability here and... — read more 

Truist su-ks! I am so glad I left them when I did. Terrible leadership. The bank is a sinking ship. They Should have named the bank, Titanic.

https://benefits.truist.com/content/dam/truistbenefits/us/en/documents/leaving-truist/severance-guide-for-teammates.pdf

https://app.quotemedia.com/data/downloadFiling?webmasterId=101533&ref=317743439&type=PDF&symbol=TFC&cdn=892bb01a9a62aa0391d293e2348ad7f7&companyName=Truist+Financial+Corporation&formType=8-K&dateFiled=2023-09-11 See slide 6, 8, and 12. Slide 8... — read more 

Sept 11 (Reuters) - Truist Financial Corp is planning "sizable reductions" to its workforce from the third quarter of 2023 to the first quarter of next year to trim costs, the bank disclosed in a regulatory filing on Monday. The layoffs, part of a... — read more 

Truist Financial is facing increasing scrutiny from critics who say it's not meeting the expectations it established when the merger that created the company was announced more than four years ago. While Truist has taken recent steps to cut costs... — read more 

Dismantling, RIF, or “safe?”

Kicked tail pre and post Truist but was heavily criticized by new leadership so they could gift my high earning book to one of theirs who was totally unproductive. People lie but facts dont. Left and kicking tail again. Don't let the arogant... — read more 

If you don’t get that message you’re either on the rif list or they don’t care if you leave. From what I hear it’s almost random, there’s a target budget going forward and they select a job title for elimination to meet the budget. So everyone with a... — read more 

Giving money to an organization that is about remote jobs. You can’t make this up. Tone deaf much? SAN FRANCISCO, Sept. 7, 2023 /PRNewswire/ -- SkillUp Coalition, a national collaboration of nonprofits, training providers, and employers, in... — read more 

Seems they've been pretty quiet so far.

The terms of the agreement aren’t stated in the notice of settlement filed Monday in the US District Court for the Northern District of Georgia, and counsel for the parties didn’t immediately respond to requests for comment. The filing comes two... — read more 

This crowd hired outsiders who know nothing, thankfully, I VSRP’d to exit this train wreck. At this point you will never organically grow ever again. Cut as many people as you need to keep my dividend coming. This is the First Union of our era... — read more 

Smart money says Weaver will “Retire” and be replaced by Jenna Kelly. Anyone else going to go?

Any news if audit was affected by the recent layoffs?

Clearly when have seen results from the good behaviors and beliefs of some and where we are now. We know how well things worked, so why abandon the tried and true. IRM worked. For those people displaced, if you have the choice, start a business or... — read more 

Last June alone Truist gave $120 million to support small businesses and millions more since then. As of today, Truist gave $500,000 for victims of a hurricane that has not even hit the US yet. Talk about proactive. It’s unfortunate their... — read more 

Operations cuts?

Is there anything in the news?

When will they start? Share what you have heard.

Have you noticed how many people keep failing up at Truist? I've seen it happen again and again. People mess up in major ways and then instead of facing consequences they get promoted. This is the best indicator that cronyism and nepotism are alive... — read more 

We’re there any early retirement packages?

Go to Workday now and enter your personal purpose statement. That way if you do get laid off at least there will be a record of how you contributed to Truist’s purpose while you were still a teammate.

Tell us about it here!

Comment if you were one of the ones impacted.

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Truist stock is down 35% year to date. Employee morale is in the toilet. Total disaster of a merger and what it is today. Sorry excuse of a leadership team.

Anybody have insight on this article in American Banker about KK’s baby? It’s behind a paywall. The “inappropriate” catches the eye.

Right now, it'd be a relief to be laid off.

Better get those resumes sharpened up. The clock is ticking on major shakeups. Coming soon to a region near you!

This management team has tilted everything in their favor. They ask for sacrifice from everyone yet somehow they are the only ones who reap the reward, Bill's raise is objectively wrong, without any pain or responsibility for their failure. There are... — read more 

I was a Branch Leader in Columbia, SC. I was so stressed out by the ridiculous goals, management that don't care about branch employees, and our worthless region leader. Do yourself a favor and look for better opportunities outside of Truist... — read more 

Ah, remembering times when BB&T was a great place to work! Back when you felt like you mattered to the execs.