How many are actively working to get out? I’ve been looking for a few months now and still haven’t found anything. Is the job market that saturated? I have also been looking outside of the industry and still have had no luck. I know it’s out there... — read more
When can we expect cuts to start?
I doubt this week, but sometime this month seems likely.
FYI , 2021
I just spent a wonderful time with family over the holidays, I blocked work out for the whole week. The thought of returning to work tomorrow has my stomach in knots. For the first time in my life, I may do something stupid, go to work, collect my... — read more
Not sure what to do
In my family the men work in our trucking business, and the women work in banking. It’s been like this for generations. Last week a position opened up at my oldest sister’s bank. She has the ‘pull’ to get me in. It would require moving (single, no... — read more
Has anybody's situation improve?
Can anybody say their situation has improved since the merger? I'm genuinely curious. I see so many negative comments here and very few positive ones. Personally, my situation has remained exactly the same. The same old job insecurity and cranky... — read more
2021 Stock Repurchase
The BOD authorized up to 2 billion in stock repurchase next year. King Kelly also said, King said the bank's top capital priority in fiscal 2021 "will be reinvesting in our businesses," such as digital technology. Nowhere in the article did King... — read more
IT Contractors
Are our jobs safe?
All the best people are gone
BB&T and SunTrust have been in the dark ages for a long time, yes, the lights have been out for a long time. They weren't ready for a merger of equals, they just needed to hire some sharp people to bring them into the 21st century. Hiring Boston... — read more
Best house in a bad neighborhood
All in all, even though it is only one year old, it’s still a good place to be. Sure you hear about a lot of BS Happiness stuff that nobody believes in and the culture du jour. If you can survive the RiFF’s, the benefits are among the best and... — read more
As goes the building, so goes your future
https://www.wral.com/former-bb-t-offices-in-wilson-imploded/19436694/
Possible layoffs in January
I swear, as soon as one month starts nearing its end, rumors start circulating about more layoffs coming the following month. I should know better by now than to buy into it, but I can't help it. I worry. So any chance somebody knows if there is any... — read more
Lost all motivation
Over the last few months I've lost all motivation to go above and beyond what is expected. Like many within the company I was a diehard loyal employee who showed dedication and cared about the overall good of the company. But now that things have... — read more
Compensation
Are you happy with new pay and job grade?
Layoffs at Christmas, there's something much darker about this.
Layoff ... after layoff ... after layoff. This layoff approach deeply dampens morale, as employees wonder who will be next. To have layoffs (RIF) during the holidays, it's penny wise and pound foolish as the reputational harm to the decision-maker(s)... — read more
Growth mindset
Truist wants us to have a growth mindset where human potential is not fixed. How do they expect to accomplish this when teammates are being RIF’d (yet again) during holidays & they are treating teammate pay like shareholders matter more.
I'd be happy to volunteer
How many here are actually ready to leave this place? I certainly know I am. I’ve reached that point where if VLOs were offered I’d jump on without a second thought. But since that's not likely to happen, all I’m doing is trying to survive until I... — read more
Wind out of my sails
I was RIFed a few days ago. I don’t quite know how to take it. I’ve been with the company so long that I truly don’t know anything else. I ask myself if I’m too old to start over, or am I financially able to retire. I just don’t know. This came as... — read more
Anyone else seeing changes with 1x salary life insurance benefits for 2021?
I have not had my salary adjusted (still waiting) but looking at my company provided life insurance which is 1x salary, my salary is different for 2021 then 2020. Anyone else?
Truist put its name on its new HQ. The building’s architect calls it vandalism.
“It’s not too late for Truist to pick up the baton from their predecessors and put more importance on corporate citizenship than on corporate ego,” Hull wrote. As of Friday, 672 people have signed the change.org... — read more
New look of Truist Tower irks some in Charlotte
Can you feel the love, the beginning of the end! “Note to Truist: this is not a proud moment. You ruined a gorgeous building with cheap and awful looking signage,” tweeted another. And one person tweeted that the sign was... — read more
What's happening with branch closures?
More than a hundred were supposed to be shuttered between this and the next month. Has that started? I know we're not on the list but that might change at any moment. Any chance somebody from an affected branch could share how and when were they... — read more
If you think the “good old boy network” ever stopped you are deluding yourself.
You are correct, if you look at SVP positions that were held by women in SunTrust, you will notice that many are no longer with the bank. They made announcements that they retired but were actually RIFd. Atlanta lost a lot of SunTrust Senior... — read more
Layoffs before Christmas again?
Two years ago, right before Christmas, BB&T laid off some very competent employees. This was after hiring McKinsey consultants to formulate a transformation process. The process was a total flop and a huge waste of money. Prior to these layoffs I... — read more
Job Evaluations Unfair
Expect to be treated unfairly as it relates to this topic. Question everything you are told and realize their goal was and will be to save money.
It is not if you get laid off, but when
When a business is failing and in a tailspin, there is more work to be done by the few that are left. Stress levels increase exponentially. This brings out the worst behavior. Depending on your location it will affect the timing of the layoff. Do not... — read more
Customers show concern
I am on the BB&T side. We have many small business customers who come to give in their deposits. Over the years, we’ve built up relationships with them and most often we just have small chats while conducting transactions. A few of them have noticed... — read more
Merger is a failure
I think by now we can all say that this whole 'merger' experiment failed when it comes to employees. I used to love my job, now I'm dreading every new workday. I'm not alone, all the people I know miss the old days when we were simply SunTrust. The... — read more
End of year will have layoffs
Budgets have been decided and the last major rounds of layoffs are in the planning before 12/31. This will probably be the last that will offer severance packages. Beware of new positions being offered, it may be your downfall. Good luck.
CARMA......
While this cluster tries to come together and become the sixth largest bank, PNC has already knocked you back down a couple notches🤣🤣...
Call Center Outsourcing
Are the internal and/or external call centers with Suntrust outsourced? Would really appreciate any information on this.
Truist taps former JPMorgan exec to lead new enterprise payments group
For Truist to layoff thousands of employees, they don't hesitate to pay big for new blood from old stock. https://www.bizjournals.com/charlotte/news/2020/11/18/truist-financial-forms-enterprise-payments-group.html
Caught in the crossfire
Two members of my team can’t see eye to eye on any issues and this is making working as a team difficult to say the least. The others are finding absolutely no motivation to work with them because they feel caught in the middle of their ridiculous... — read more
The merger won't be done be on time. That may be good for some.
The way things are going there is no way. I've been in IT for a long time and have never experienced anything this bad. A delayed merger will be good for some of us folks that are needed to compete it. We will at least have jobs until then. We are... — read more
Truist Financial exec Bill Rogers on how bank is making changes amid pandemic
https://www.bizjournals.com/charlotte/news/2020/11/10/bill-rogers-president-coo-truist-financial.html As you can see, many more closures and layoffs. Truist will be keeping LightStream Lending from SunTrust, a digital lending platform, no need for... — read more
Outsourced
Many departments have been outsourced to India, a vendor for Suntrust. Everyone on the BB&T side be ready, your department could be next. You will train them and then be walked out the door. Thank you, Kelly King for throwing your Wilson teammates to... — read more
When's the next round?
I'm tired of waiting. Give me severance and I'll be happy to leave.
Truist Financial execs talk merger progress, from cost savings to branch closings
The bank plans to close about 100 more branches in December and January and continue through 2022. https://www.bizjournals.com/charlotte/news/2020/10/15/truist-financial-merger-affecting-expenses-q3.html
Truist merger job cuts are mounting up with more on the way
https://journalnow.com/business/local/truist-merger-job-cuts-are-mounting-up-with-more-on-the-way/article_e58ad44a-0e5c-11eb-ae1f-0ffa7fea93f9.html
Running out of money
Hey, I'm not one to be on this board but why would BB&T advertise BB&T's BANKING app on Food Network today, 10/16/20. Guess they can't afford a merger app, or at least say who the are. Both BB&T and SunTrust still in the dark ages, you better... — read more