HR employee here. Leadership is mentioning mass companywide layoffs by summer. Q1 is shaping up to be terrible in terms of financials and stock price performance.
Throttling all non-Truist web pages
It looks like they have started throttling all non-Truist web pages. I guess they assume that people don't need additional information from the internet to do their jobs at times. What a load of fools.
I miss BB&T
That's it. All I wanted to say.
Truist de-emphasizes DEI in latest annual filings
See article below. Contradicts what Bill said in Purpose Corner today 🤐 https://finance.yahoo.com/news/bofa-wells-truist-emphasize-dei-114701434.html
I can't believe I left a good job to join Truist
The biggest mistake of my career and it took me less than six months to realize it. Never again will I prioritize pay over everything else when changing jobs.
TAS Townhall
I hope to walk away with something from these town halls but all I get is a headache. The amount of BS in an hour and a half is unreal. How about we spend time on doing audits instead of listening to empty gestures. You lied and misled people to get... — read more
Truist Layoffs from Tariffs
Be prepared for layoffs from Trump’s tariffs. Will hit regional banks like Truist hard and will tank the stock price. Years of economic pain and higher inflation are forthcoming.
AI has us pegged
$10/mo SaaS better than all the consultants Q: “Can you tell me at a macro level in bullet points no longer than 10 words what is wrong with Truist?” A: “Here's a high-level view of issues with Truist: • Difficult post-merger integration of BB&T... — read more
Skills assessment
About 400+ email that employees have to rate themselves and then manager has opportunity to “update” the ratings…sounds like a precursor to layoffs…thoughts?
Total Reward Statement lies lies lies
This total rewards statement is a lie. Truist did not pay out more for medical insurance than the COBRA rate for my health insurance. Stop lying!!!
Management
Does anyone think there is bully culture at Truist? All the managers “strategically put in place” by their bosses during merger because of relationships and not so much for outstanding contributions. Now these so called managers think they are so... — read more
So cheap
On anyone but senior management
Tax Cuts for Bill
Great news congress is passing huge tax cut bill for the rich. About time Medicaid and food stamps get gutted. Some people should be detained in zoos. They act like animals and should be treated as such
Incentive
I work in a branch today we found out the incentive we would be getting for 4th quarter will be another two weeks. I've been here almost 10 years and this is the first time it's happened. I bet the executives got their bonuses on time. My coworkers... — read more
Efficiency
This bank would save tons of money if teammates were given proper access and classification. Also, if our systems actually “talked” to each other. It’s so stressful and time-consuming to manually track inputs just to ensure system accuracy across so... — read more
Discretionary 1% 401k match
Shame on all you haters hating Truist. Additional 1% 401k match to be paid 2/28, bringing total match to 5% for 2024. Truist is getting better and better for teammates!
CT&O Reorg
Any word on when the new Chief Technology Officer is going to reorg and begin the RIF's of his inflated teams?
Appreciation
I know many of you don't hear it from the managers and leaders, I want to say to those still here and those who aren't, I appreciate you. I wasn't particularly noticed but I noticed you all doing good, hard work and it made me proud to be among you. — read more
Branch Staffing
Why does Truist think we’re digital ready to start staffing branches with 4 or less people? We merged two banks together closed many branches and merged many into one only to start eliminating staff. Do they not think of vacations and sick time... — read more
Zaloni Arena - Long Game - Foundry
Is there anyone left who is likely to tell the new CIO the stories of Arena and Long Game?
Health Insurance?
Hello! I'm evaluating an offer from Truist, and I'm curious whether health insurance policies have a waiting period or if all benefits kick in immediately. I'm particularly concerned about occupational therapy and fertility benefits that may... — read more
DOGE
It’s shocking to see what is going on with the federal government What about Truist? Do we have any wasteful or corrupt spending that needs to be exposed?
Premier Losers
The head of Premier Banking called all Premier Bankers not going to Orlando losers as he signed of the Premier All Hands call on Friday. Is this how they inspire and build better communities? And, don’t forget his overt favoritism.
Mayo calls to not pay exec bonuses
In something that should be common sense Mayo said (See American Banker) “frequency of these double bonuses seem unprecedented” “investors have the options to vote their views… this can reject the status quo at the underperformers”
What a year
Hard to believe it’s been almost a year since Project Star. What was supposed to save the bank money resulted in paying retentions for people to stay and much higher dollar eternally hires and we’re still not better off.
Audit Promotions
Does anyone know how promotions work in audit? My people manager does not do one on ones and she is beyond checked out. Thanks.
TRUIST CULTURE
YOUR COMPANY CULTURE IS NOT WORDS ON YOUR WEBSITE OR POSTERS ON THE WALL. IT'S HOW YOUR PEOPLE FEEL ON A SUNDAY NIGHT.
Did anyone else see the cancelling black history month email?
Either on accident or purposefully, someone sent out an email chain between directors about cancelling black history month and how bad the optics would be if people figured out what they were doing Hilarious that someone leaked it, major props
Retail Goals Set for Q2-Q4
What reputable institution would go into a year nosediving with no vision for the teams they are entrusted to run. Yet again, another year with no direction for teammates. Front line management is likely to have goals and a plan by the 7th week in... — read more
pension
Am I missing something? Truist is one of the few companies that offer a pension. This is free money for the rest of your life after you retire. Is this one of the reasons why employees stay rather than leave for a potential higher salary?
Reputation of Mediocrity
Truist has the reputation of having “mediocre employees”. Most employees are not career driven and stay in their same positions for 5-15 years and are ok with the meager 1-2% merit increase every year. Kind of sad. Other companies I’ve worked at... — read more
Culture -- An example of what's lacking?
"Andy's such a special person," Hunt said. "Obviously, he's an incredible coach, but I think the thing that people don't really know about Andy is the relationships he has with all of his players [and] all of his coaching staff. If you talk to any of... — read more
Wealth All Hands Call
we already one in January. 2nd today Brian stands at podium for a virtual call regurgitating nonsense clearly feeling pressure from EL made no new waves with future plan “growth” said 15 times leaders in wealth have never sold ... — read more
Bill is Dan Snyder
Leadership is key within any organization whether it is a professional football team or the largest bank. The culture and accountability is set by leaders. Focus on culture and results happen, focus on results and culture suffers and hence bad or... — read more
Retired and happy, but not with Truist!
As a former employee and happily retired, I must say IMO the bank has certainly gone downhill. The Help Desk and HR is beyond unfriendly and useless. I left BofA years ago and their HR team is delightful...what happened Truist? I can't recommend... — read more
Chief Technology Risk Officer Is Gone
Dallas the Chief Technology Risk Officer has been shown the door. He lasted 18 months at Suntruist. Terrible hire by Clarke. Zero leadership. Zero vision. 100% bad behavior. Hope he takes most of the people he brought in with him. Was he part... — read more
DEI Rationalization Effort
I feel compelled to share there is a “DEI Rationalization Effort” underway to assess pros/cons of nixing DEI to align with new federal guidelines. The project and details are shared on a business “need to know” basis. DEI won’t be around that much... — read more
Sourcing
What is going on with these people? Everything takes forever, they all seem to be especially miserable and the steps to get anything done are horrendous. Who came up with this process and why is change impossible??
I made a mistake by staying
When health starts to go downhill, it’s already too late. I should’ve started looking for something else long before stress took its toll on me. This place always wants more, pushing everyone to the limit. It’d be eye-opening to see how many have... — read more