Topics regarding layoffs at Truist Bank

Topics regarding layoffs at Truist Bank

WFH Work Culture Revolution is here!

During WWII women left the home and joined the workforce for the first time while the men were at war. When the war ended, society tried to push them back into the home but women pushed back and refused to have their new found freedoms limited again... — read more 

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| 12800 views | | 6 replies (last May 15, 2024)
Post ID: @OP+1swSi6RQ

We are losing a lot of good talent

We are losing a lot of good talent and it seems to be significantly more difficult to bring in good talent. It doesn't take a lot of research to know how bad it is here and how they've made things worse for their teammates. The good talent is going... — read more 

Manager retaliation and AIP bonus

Context - I got “Meaningful Impact” for 2023 performance. My AIP percent rewarded percentage was significantly less than others on my team who got the same rating. Say I reported my manager to Human Resources in 2023 for doing something against the... — read more 

Office Layouts

Did they renovate all offices to be the open concept neighborhood style workspace with no dedicated offices or desks? After coming back from Covid I was forced back to a different building and the open concept is terrible. Right now there’s not... — read more 

Who plans on going back to office 4 days?

I’m curious how many people are going to adhere to 4 days come October…. What are they really going to do if people don’t? Fire everyone??? We’re at 3 days now and there’s a LOT of people that are not in the office 3 days consistently (myself... — read more 

TIS after Cram

Serious question here. What or who should replace Cram after he’s gone in TIS soon? Glaser team is gone and they were one of the biggest. Every FA, and I am a middle sized one, are giving the middle finger to this firm. What comes next? We... — read more 

Employees take over Truist

I hear complaining by all employees but we have the power to take back this company. Everyone quit on the same day without warning. It will shut the company down and make the news. It will showcase the fraud and corruption of Truist and cause... — read more 

Truist back to work 5 days in office

After 4 years of being told by upper management that Truist would never go back to the way it was, truist is going backwards at the speed of sound. Not only 5 days a week in office, but sending reports of our scans in and out of office to... — read more 

Disrupt or Die

Remember this from KK? The phrase was seen as offensive to some, so it was changed to "disrupt to thrive". If the bank could not disrupt technology and banking to compete with Fintech, then it would die. No disruptions have occurred. I guess... — read more 

Union scares them: they are watching here

Yes, they are definitely on here posting as well as watching. Some of the very sycophantic posts of "grow up and do your job snowflake" are almost assuredly from the company. They also like employees b!tch!ng about wether it's heritage ST or heritage... — read more 

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| 10430 views | | 16 replies (last May 12, 2024)
Post ID: @OP+1sspG7By

BB&T

Still a mystery why BB&T took the merger risk in the first place. They were an industry leader in many areas. Was as much ego and insecurity as it was $

Moody’s cuts rating

Moody’s Ratings downgraded Truist Financial’s long-term ratings to Baa1 from A3, saying the sale of the Charlotte-based company’s insurance unit makes it less diversified and more reliant on potentially volatile net interest income. The rating... — read more 

Moving outside radius to avoid RTO?

Several people on my team were changed to telecommute when they moved outside the radius our division set for having to return for the 3 days last year (30 miles). In talking with them, there’s been no downside..their pay and band geo code was not... — read more 

Truist to sponsor PGA Tournament starting 2025

So I’m curious!!! You are laying all your operations off or outsourcing our jobs to Accenture, so how the he-l does Truist have money to sponsor the PGA Golf Tournament that Wells Fargo once hosted??? The PGA was asking Wells to pay $25 million... — read more 

Town hall

Anyone else see the Whokesale banking town hall? They were talking about treasury payments one minute and then an African American lady (in a bright orange dress) hijacked the mike and starting telling the entire executive team they are racist and... — read more 

More stock predictions

https://finance.yahoo.com/news/might-not-great-idea-buy-140654972.html

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| 9910 views | | no replies yet
Post ID: @OP+1sqSw5rT

Announcing

All this cost cutting and Truist now is taking over the Wells Fargo Championship . Now we know that many of our folks were cut for a golf tournament. Fo-e!!!!!!

Outsourcing and layoffs ?

I have been hearing rumors about outsourcing? Department team being asked to remain calm but yet being asked to look at new career paths ? Very confusing and misleading? Don’t want to leave without a job since I will not get unemployment if I leave... — read more 

Performance Matters

The untruthful phrase being regurgitated through the lips of many managers is that Performance Matters. The truth is that performance doesn't matter at Truist and leadership has made this crystal clear over the years. They use this phrase as a tool... — read more 

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| 10840 views | | 8 replies (last May 7, 2024)
Post ID: @OP+1spZp0p3

$40 here we come

TFC is almost back to $40. A big congratulations to BR and his team. They must be proud of how they have executed such a great turnaround.

I said this before and I'll say it again

Work the absolute minimum. Prioritize your family, prioritize your friends, prioritize your alone time...in essence, prioritize everything over work. Truist doesn't deserve more from you.

RTO BS

RTO has nothing to do with collaboration. It's all about control.

RTO and my plans

Today's purpose corner just reiterates that senior leadership does not care about the employees. We all know this 4 day a week requirement has nothing to do with collaboration but instead is around tax breaks and commercial real estate. Therefore I... — read more 

Employement Cost Index

The report came in today at a 4.2% annual increase in average worker wages. Nice to see we are getting increases that are HALF (or less) than what the average American worker is getting. Thank you Executive leadership! This is all on YOU! Keep... — read more 

Total Rewards Site

Not too much of substance here; who else is not good with the propaganda of appeasement that this site is serving? It really doesn't make up for the decrease in the 401k match or be punished in comp due to poor executive choices.

Living our values

Seriously who comes up with this cr-p? Trustworthy Caring One Team Success Happiness None of these five relate to Truist at all, FIRE BILL

Summer layoffs

Anyone else able to confirm the rumors on mass layoffs this summer after Q2 earnings are released?

Update on Pension

Funding target 2021 was 119.06% Funding target 2022 was 118.71% Funding target 2023 was 77.19% Shortfall of $1.5 Billion with minimum required contribution of $272... — read more 

Pension plan

Pension is now poorly funded. Was 119% now 77%. I guess the same guy that was managing our deposits is running the pension plan too!!😬

Town Hall - DTC Lending/David Smith

Anyone else here on that call Tuesday? Typical old school cheerleading type purpose and care talk segmenting into randomly introducing the head of deposits. I don’t even remember his name. The call lasted an “hour and a half with question time at the... — read more 

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