Topics regarding layoffs at Truist Bank

Topics regarding layoffs at Truist Bank

From the 10K filing

Makes me laugh! Human Capital Truist believes it is crucial to attract and retain top talent who can further Truist's purpose, mission and values. To facilitate talent attraction and retention, Truist aims to provide teammates a diverse... — read more 

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| 25560 views | | 8 replies (last February 25, 2021)
Post ID: @OP+19z5oChx

RSU Bonus Time

SEC form 4’s are flying for the big boys last 10 days. How bad do you think you will be treated. Yes, pretty bad.

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| 26030 views | | 1 reply (February 21, 2021)
Post ID: @OP+19vNcmwL

Cut the hours and make us leave on our own

Why does it seem to me that they are they forcing us to leave in any way they can? Even though they are saying employees are moved to other branches, they are cutting our hours, so we will have to leave, I went from a 30-hour week to a 12-hour... — read more 

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| 25952 views | | 2 replies (last February 20, 2021)
Post ID: @OP+19t3iwYP

Improvement of efficiency ratio

Enterprise Tech all hands on call. Improvement of efficiency ratio is a goal. We know what that means. Scott Case says everything is going great with the merger. Does he really believe that?

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| 26190 views | | 5 replies (last February 21, 2021)
Post ID: @OP+19t4JF6n

Branch closures

If this was shared before and I missed it, I apologize. https://richmondbizsense.com/2021/02/09/truist-bank-closing-dozens-of-virginia-branches-including-10-in-richmond/#

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| 26330 views | | 3 replies (last February 18, 2021)
Post ID: @OP+19qzFzwd

Major reorg in Enterprise Tech today.

Major reorg in Enterprise Tech today. Hard for me to know if jobs were eliminated. They keep that quiet. Hopefully things will improve. The merger effort could not get any worse!!

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| 30320 views | | 7 replies (last February 18, 2021)
Post ID: @OP+19gVwQbX

Truist Brand

I left a few months back but I'm curious how the merger is going. Before I left it was a total sh– show. I was traveling recently and noticed that every SunTrust/BB&T branch that I saw is still branded with the two separate orgs heritage logos. ... — read more 

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| 24291 views | | 1 reply (February 17, 2021)
Post ID: @OP+19gCGx8A

Truist or Wells Fargo?

Anybody here worked at Wells Fargo before? I got an offer to switch, trying to figure out if it's a good idea.

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| 27840 views | | 4 replies (last February 17, 2021)
Post ID: @OP+19gt6QIv

They are intentionally making you miserable

Don't think for one second that the miserable work atmosphere is accidental or a coincidence. The leadership is intentionally cultivating a hostile work environment in hopes more people will decide to walk away. After all, attrition always beats... — read more 

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| 28412 views | | 3 replies (last February 18, 2021)
Post ID: @OP+19f96NPn

Got in late

I accepted my job at BB&T believing I'd be able to have a career there, make progress over the years. I was told so by my interviewer, and it was confirmed by several of my acquaintances who already worked at the bank. A little over a year latter the... — read more 

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| 28670 views | | 2 replies (last February 3, 2021)
Post ID: @OP+19deaHJX

Were there layoffs today?

Someone else posted that today the 29th was supposed to be layoff day. Anyone hear of anything?

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| 29442 views | | 3 replies (last February 5, 2021)
Post ID: @OP+199VIuBD

HR?

I'm having a major issue with my manager . We got a new guy a few months ago. He was transferred from another department and I'm starting to see why. His management method is bullying that borders on harassment. I'd like to take this to HR, but I'm... — read more 

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| 29210 views | | 4 replies (last January 29, 2021)
Post ID: @OP+199cIiWC

Future King Rogers

Sold 176000 shares at 50.22 per share. Must’ve needed a new home in Charlotte. Don’t worry he still has some 800000 shares available to sell.

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| 28800 views | | 2 replies (last January 31, 2021)
Post ID: @OP+1999uNPA

Working at Truist

Working at Truist means: having no work-life balance because you are doing the job of three different people for the price of one while under constant threat of layoffs while receiving no support from your superiors and receiving no... — read more 

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| 29210 views | | 5 replies (last February 18, 2021)
Post ID: @OP+198RhlBB

I'm finally able to leave

When the merger happened, I decided to give it six months to see how it'll play out. I knew after three that I wanted to leave, but then the pandemic happened and I was stuck. After nearly nine months of looking, I've finally landed a new job. I want... — read more 

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| 29143 views | | 2 replies (last January 28, 2021)
Post ID: @OP+197gCg5Y

Better opportunities are out there

I had a screening call with a recruiter today who found me on LinkedIn who was recruiting for another large bank. The potential compensation would be significantly higher than what I make now and I’d be involved in some truly innovative work. .. — read more 

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| 28480 views | | no replies yet
Post ID: @OP+197PK5TH

Enterprise Technology is Broken!

Enterprise Technology is Broken! The folks in charge of this project don’t have a clue how to run it. They refuse to let us have SunTrust accounts in our test environment!! This is absurd and has become a running joke! They keep changing plans... — read more 

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| 28191 views | | 2 replies (last January 27, 2021)
Post ID: @OP+196tEYFm

Layoffs the 29TH

I got word another round of layoffs this Friday, if you hear something post here. Thank you!

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| 28090 views | | 8 replies (last February 4, 2021)
Post ID: @OP+196jfSAa

I have to wonder....

if some of the unbelievably horrendous leadership coming out of some of the new management, especially ones coming from IBM are deliberate attempts to create mass voluntarily attrition. Some to the decision making I’ve seen lately defies logic... — read more 

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| 26880 views | | 2 replies (last January 26, 2021)
Post ID: @OP+195TxxUf

Stress leave?

How many hoops would I have to jump through to be approved for stress leave? Right now I feel like I'm drowning at work. I keep getting more work piled on despite already being overworked, I'm expected to help all the new employees which amounts to... — read more 

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| 27240 views | | 6 replies (last January 26, 2021)
Post ID: @OP+195TJUmV

Work from home is not a permanent solution

Please stop advocating for permanent work from home. You are shooting yourself and the rest of us in the foot. If it turns out that jobs can be done from home permanently with no need for an office, do you really think Truist is still going to pay... — read more 

More big cuts on the way from the horses mouth.

Truist is eyeing $1.6 billion in merger-related net cost savings. It achieved about 40 percent of that in 2020, with plans to pass the $1 billion mark this year. Bible said Truist is targeting $2.94 billion or less in adjusted non-interest... — read more 

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| 25670 views | | 1 reply (January 22, 2021)
Post ID: @OP+1928CLZY

Everybody is focused on the wrong thing

I see people constantly worried and stressing over layoffs but nobody is paying attention to the fact that Truist has been working hard to create the environment that will push people to quit. Why pay severance if you don't have to? Pile on the work... — read more 

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| 25040 views | | 5 replies (last January 23, 2021)
Post ID: @OP+191Ljl7d

Q4 earnings call this morning

Dial in and listen to how well things are going while you struggle and worry if today is your day to be RIFed. I’m sure they will tell us how great the marketing deal with NFL is also. I know everyone is proud of this!

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| 22530 views | | 4 replies (last January 22, 2021)
Post ID: @OP+191CYeri

We won't be able to hire anybody good

The most capable and competent are also the ones who can most easily find another job. It's just a reality. Truist will have to pay top dollar to hire their replacements and there is always lost productivity while getting the new hire up to speed... — read more 

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| 21290 views | | 1 reply (January 19, 2021)
Post ID: @OP+18Z9Mmd5

Continuous layoffs

Is it just me or do layoffs never stop here? It's like every couple of weeks I here that a few people were laid off in one department, then the other, then someplace else... This is really unnerving. If we had announced layoffs at least we'd know... — read more 

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| 20970 views | | 2 replies (last January 22, 2021)
Post ID: @OP+18Z4veZS

So many good people are walking away

Attrition rates at Truist right now are out of control but that's not what worries me. Attrition is a fact of life for any company. The real issue is who's leaving. Sadly, the most are our best people and losing so many can have a profound effect on... — read more 

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| 20810 views | | 7 replies (last January 19, 2021)
Post ID: @OP+18Y8x8f3

How worse will it get when Bill takes over?

Among all the regular daily chaos with this merger I sometimes forget that Kelly will be stepping down this year. For all his faults he at least fought to keep the old BB&T pension. From everything I’ve heard about Bill it seems like a bad... — read more 

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| 20310 views | | 5 replies (last January 17, 2021)
Post ID: @OP+18Vj3QJT

I wouldn't rush to quit

Truist is a bad place to work, I think we can all agree on that. But don't be too quick to leave and burn all the bridges behind you. Two of my former coworkers impulsively left within the last six months (one even quit after an argument with his... — read more 

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| 18920 views | | 3 replies (last January 15, 2021)
Post ID: @OP+18VfMUqc

91% approval rating

How is it possible that King has 91% approval rating on Glassdoor? That's one of the highest CEO approval rating I've seen on there! Those can't be legit, right? I haven't heard a positive word about him among employees for a while and certainly not... — read more 

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| 18220 views | | 6 replies (last January 12, 2021)
Post ID: @OP+18RaJnhh

Which is it?

People who are quitting - where the hell are you going? I've checked out alternatives on this page and things seem to be the same or worse wherever i look. So unless everybody is hating it here so much they're willing to jump into an even c-appier... — read more 

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| 19750 views | | 8 replies (last January 16, 2021)
Post ID: @OP+18PVkRt1

Can this be trusted?

A Truist spokesperson said the deals will have minimal impacts on employees, and the bank is supporting those affected. Some will join the new companies; others have secured new roles at... — read more 

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| 18810 views | | no replies yet
Post ID: @OP+18O4b2Km

I'm in the minority

I see so many people unhappy with their jobs and I couldn't be more surprised. I personally love my job, including everybody I work with. I've never heard any of them say they hate their jobs and we are all close enough that we would tell something... — read more 

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| 17980 views | | 9 replies (last January 10, 2021)
Post ID: @OP+18OoH13o

Eventually the bank won't need any of us!

You deposit your checks via "U", the pandemic proved you don't need in house bankers, you won't need back office adjusting rates as the bank pays you nothing for interest. They take your money, charge you up the butt in fees and lend your money out... — read more 

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| 16512 views | | no replies yet
Post ID: @OP+18OKgRYO

Overwhelmed with work or giving bare minimum?

Some colleagues tell me in confidence that they have never put less effort into their work and that they only give the bare minimum. I listen to this with disbelief because my case is completely different. Without any exaggeration, lately I’ve been... — read more 

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| 17160 views | | 2 replies (last January 7, 2021)
Post ID: @OP+18NoG1fT

WFH

How many of you would like to see work from home become a permanent option for all of us? Or at least all of us who are currently working from home and would like for it to stay that way? I know people are worried that permanent WFH would show that a... — read more 

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| 16090 views | | 1 reply (January 6, 2021)
Post ID: @OP+18MXlili

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