Topics regarding layoffs at Truist Bank

Topics regarding layoffs at Truist Bank

Are people over 50 employable?

How easy is it for employees who are 50 and over to find a new job? I know plenty who are unhappy here especially since the merger but all of them are staying because they don't think there are options available to them on the job market. I feel like... — read more 

Headed over a cliff!

This train is on route to a cliff. If I tell that to the crew in charge they will throw me off with no coat or luggage. Time to jump off!

Rolling my eyes

Saw this in a post from Bill on LinkedIn. These “leaders” are so far disconnected from reality it’s mind blowing: …Being a purpose-driven company allowed us to move faster on the things that mattered most. Our leaders and teammates could make... — read more 

Raymond James Adds $1B Virginia Team From Big Bank

Just the beginning of mass exists, and they will bring their clients with them. As you can see, everyone is leaving and will bring their portfolios with them. “As financial advisors, we feel a responsibility to choose a partner that shares our... — read more 

It's not easy to watch this

I loved working at BB&T when it was just BB&T. We were a good bank with a good reputation that treated employees well. Now all of that is changing and I hate seeing it happen. I hate watching all the potential go to waste, the mistreatment of... — read more 

What will all this look like after layoffs?

I hope that I will get laid off and that I will not be here to see what all this will look like after the bank is left without even more employees. The situation is already awful, and with fewer employees it would become unbearable. I hope you all... — read more 

June layoffs

Has there been any news on which locations/departments will be affected?

Brain Drain

Get ready associates, I mean teammates. As the song says, "You ain't seen nothing yet!"

Salute and Thank You to all veterans

Thank you to all veterans working for this company. Because of your true sacrifice people can come here and complain about how bad they have it. This weekend is about you serving your country and the sacrifices you and your families endured while you... — read more 

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Post ID: @OP+1b4a0fjP

How much was this guy paid?

https://seekingalpha.com/amp/article/4431131-truist-building-toward-better-growth-and-margins This guy makes executive manage appear exceptional and the future bright.

Marketable skills

How many of us who work here can actually say they have skills that are still relevant and marketable? I was brushing up on my resume this weekend and I wondered if recruiters would find interest in it. Once I was certain but now I’m not so sure. ... — read more 

Has anyone left and regretted it?

We all know working at Truist can suck but wondering if anyone who has actually left for a job elsewhere actually regrets that decision?

Truist and Charlotte skyline

Some of you haven’t been to Charlotte and don’t know this. The Truist headquarters downtown is hideous on the skyline at night with the putrid purple lights up and down and on top of the building. It is no doubt a blight on this otherwise cool... — read more 

Just going to leave this here...

Truist employs 6 FULL TIME pilots, and is hiring for a 7th - for who knows how many planes. But save those paperclips guys, expense management is our #1 priority!!

Where do you see Truist in 5 years?

Lots of talk on this forum about maybe the bank being sold off again once the merger is done or the quality just continuing to deteriorate as more people leave. Does anyone actually expect to still be employed with Truist 5 years from now? He-l... — read more 

No, you are not safe

No offense, but c’mon...how in the world can you work at Truist and think that your job is EVER going to be safe?? Have the Executives been transparent with you about ANYTHING yet?? We know about the big Executive compensation increases, but how much... — read more 

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Post ID: @OP+1aQTc7Ii

I find all of this funny

People are outraged that a huge bank doesn't care about them as employees. Where have you been working so far? No bank, or any corporation for that matter, gives a damn about you and your wellbeing. All they care about is how to use you as much as... — read more 

Did I make the wrong decision?

I was hired less than a year ago and at first I thought this was a company that I could find longevity in. I should have known better after the first few weeks. Training (for lack of a better word) was nonexistent for me and it was basically sink or... — read more 

Downvotes. Is Executive Management Scared?

Others have noticed as have I that there is a sudden increase in downvotes on posts here lately. Can’t imagine these are coming from blissfully happy teammates who have life sized posters of Kelly and Bill in their bedrooms. Especially with the... — read more 

Outplacement

Who is the bank using for outplacement services?

New hire feelings

I'm curious as to people that were recently hired if they regret their decision yet or blindly believe this was a great career move.

Fingers crossed…

I have been looking to leave and have received quite a few rejection emails from job applications I’ve put in over the last few months. However, I actually received emails this week letting me know I was being considered for remote jobs that I have... — read more 

Exit Strategy

I would like to help Truist through this merger and asked management to help come up with plan that would be beneficial for Truist and myself for an exit strategy. Do you think I will get salary increase or retention bonus or severance package to... — read more 

Should I still worry?

Do all the branches that are slated for closing already know that? What are the chances they're going to spring it on us at this point? I'm thinking they notified people well in advance but I can't help but worry. I can't wait for them to announce... — read more 

Truist accelerates branch cuts, closes in on expense targets

Truist Financial has been slashing branches, headcount and shuttering office space as it inches closer to the cost savings goals laid out when the company was created through the merger of BB&T and SunTrust Banks. “We are going to hit our targets... — read more 

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Post ID: @OP+1awpNfaX

The key from the Q1 earnings report

Adjusted efficiency ratio was 56.9%, up from 55.9% in fourth-quarter 2020. A rise in efficiency ratio indicates deterioration in profitability. This can only mean more consultants coming in to figure out more people to get rid of. It’s never... — read more 

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