Topics regarding layoffs at Truist Bank

Topics regarding layoffs at Truist Bank

Audit Leadership Conference

Who was happy Senior Audit Managers and above were sent to Charlotte this week and were in conferences all day?!?! Finally could get some work done. I hope they had fun at top golf last night.

Davos

Anyone have an update on how Bill’s new jet performed for the flight to Davos?

Pension

Who manages Truist's pension plan?

Truist to eliminate DEI

Hearing from credible sources in HR that Truist will align with the federal government’s hiring practices and equal employment (EEO) policies. Truist will eliminate all DEI based positions and business resource groups. KMW is poised to be laid off... — read more 

2025 Branch Banking Incentive Plan

Just found out on a conference call yesterday. Instead of your branch having to meet goal to get a quarterly bonus now your region has to meet goal. Which Truist knows will never happen. So now we will be lucky to get a raise or incentive.

by
| 55910 views | | 1 reply (January 22, 2025)
Post ID: @OP+1jj6zc9fs

Bill being Bill

If you can’t dazzle them with science baffle them with BS: We see multiple paths and initiatives that, with proper execution, will result in improved performance, which we expect to show you in 2025," Rogers said. "I'm as optimistic as ever about... — read more 

by
| 56360 views | | 11 replies (last January 23, 2025)
Post ID: @OP+1jj4gv20b

Resignation timing to get bonus?

If AIP discussions are scheduled by March 3, and payout is around March 10th, what day should a 2-week resignation letter be submitted in order to get the full bonus check without penalty?

RTO

The RTO that is ridiculous. Unless you are client facing, how productive is sitting in your car for hours a day. We merged 2 banks from our homes. That said. EL will just say find another job, because they would rather bear the cost of training a... — read more 

Glassdoor Ratings

Why is it Truist has lower ratings on Glassdoor relative to other banks? Is the employee experience that much worse? Curious what others have to say.

Another one gone

Deputy Chief Risk Officer Mo Ramani didn’t stay long after being passed over by Bender as Starnes replacement. A number of people were passed over to bring him in as Starnes future replacement and then bootlicker Brad got the job over him. The... — read more 

by
| 55260 views | | 6 replies (last January 16, 2025)
Post ID: @OP+1jhqmx1be

CTO Outsourcing

Any truth to the rumors of Accenture taking over more groups in CTO?

A change in leadership has no bearing on us

Whatever happens in the future, we are still going to be exposed to bad management, overworked, and treated like numbers. There will be layoffs and reorgs. There will be different attrition tactics. Cost-cutting, inflating stock prices, and... — read more 

Beau departure - Sale of Truist

Beau’s departure is the first step in selling Truist later this year. Bill will announce his retirement by June. Inevitably Truist will be sold by end of year. The sale of TIH along with resignations of C Suite and Board members are all major red... — read more 

Beau leaving

What does this mean for Truist? Is more layoffs in the near future a rumor?

Audit Favorites

Audit is only hiring their favorites from their past organization and no one else has a chance. Rules are bent to get them in. I cannot believe how blatant it is. Do not waste your time applying, they already know who they are hiring.

ATL WCD moving to the Battery

Thoughts on the movement of CIB, CRE, and structured credit teams moving from downtown ATL to the battery? Seems like it punishes those who chose to live close to the existing office. The battery isn’t even inside the perimeter.

by
| 46970 views | | 7 replies (last January 14, 2025)
Post ID: @OP+1jh8xynsa

Free yourself from bondage

Free yourself from the bondage that is Truist. This place ruins people’s lives in every way possible. Enjoy life and leave Truist this year!

Downer

Anyone work closely with him? What do you all think?

5 year performance.

Just wanted to congratulate Billy Bob and friends for the -12% return over the past five years. Keep up the good work!

by
| 54410 views | | 7 replies (last February 9, 2025)
Post ID: @OP+1wfEmyZV

odds are

by year end next year, truist will be wells fsrgo

RTO = Soft Layoff

There is no evidence that RTO improves metrics or the culture. All the empirical studies show the opposite.

Pension

Many teammates received an email announcing we would be pension eligible starting Jan 1, 2025. This probably means pension will not be eliminated if they are expanding this benefit to new teammates.

by
| 54300 views | | 5 replies (last December 30, 2024)
Post ID: @OP+1w65Stqs

Unexpected Holiday Bonus

I was pleasantly surprised to get a very nice bonus in my account yesterday. I asked my manager and he said it was a holiday bonus as a token of thanks for our hard work this year. Awesome!

by
| 55170 views | | 14 replies (last December 24, 2024)
Post ID: @OP+1w4p5Ve3

Unrealistic expectations

There is a lot of pressure to meet unrealistic goals. We all work very hard to at least come close, and many of us spend too much time in the office. And yet we are regularly treated as if we are expendable, and there are no symbolic nor tangible... — read more 

by
| 51890 views | | 2 replies (last December 20, 2024)
Post ID: @OP+1w4yzJMJ

A flawed approach

Promoting good employees is obviously cheaper and more effective than constantly replacing them with new hires - a five-year-old could figure that out. On top of that, promoting su-k-ups who can’t do their jobs is a total waste of resources. Yet... — read more 

by
| 52870 views | | 5 replies (last December 21, 2024)
Post ID: @OP+1w3kawdL

Come on Grant -

Come on Grant. Are we going to go into the new year with the same people who have inspired the mass exodus of teammates, at the heart of the discord amongst leadership and simply destroyed since they came on board? The holiday gift we are all... — read more 

Thoughts on this?

SWOT Analysis Strengths Strong capital position with a CET1 ratio of 11.6% Diversified business model across traditional banking, wealth management, and capital markets Dominant presence in the high-growth Southeast market Improved balance sheet... — read more 

by
| 53350 views | | 4 replies (last December 18, 2024)
Post ID: @OP+1w09BrRr

Moderators

The willingness of the moderators to delete posts at the insistence of the c suite make this site both useless and pointless. I will expect this post to be deleted as well.

by
| 54010 views | | 17 replies (last December 18, 2024)
Post ID: @OP+1w0prkmJ

About Remote work at the end of the townhall meeting

Someone asked about the in office requirement and the CIO talked about some absolute nonsense and then he opened up about remote work saying that it did not contribute during pandemic which is a bold faced lie and literally the worst response. This... — read more 

by
| 58970 views | | 16 replies (last December 19, 2024)
Post ID: @OP+1vVakiJQ

Purple Stickers

I keep finding purple stickers all over my hub facility and it says, “When you row, we grow”. This is priceless, people are cutting out the “g” in the first grow. I’m assuming that this means people are feeling like they are growing a companies... — read more 

by
| 55011 views | | 9 replies (last December 23, 2024)
Post ID: @OP+1vVV877r

No Vision and No plan 2025

Retail LOB senior leadership being advised to tell sales managers that there’s no vision and plan for next year. They said after the executive meeting this past week that it’s still undecided and no plan. The conversation is TBD in NC at the end of... — read more 

by
| 56110 views | | 9 replies (last December 12, 2024)
Post ID: @OP+1vSDZd29

Start a new thread - post a news comment, question or message:

: