I found it interesting that the entire UX research team supporting the One View product got laid off last November but now a consulting firm is being hired to do UX research for One View. Anyone know why this is? One would think a consulting firm... — read more
TIS call today
TIS has unplanned call scheduled today at 1:30. Maybe we are going to be fed the BS that using Accenture more is going to make us more productive. Correction,Truist, it has resulted in delays in getting EVERYTHING done. AI looks at anything submitted... — read more
What's going on with layoffs?
Should we expect more today?
Are layoffs still expected to occur at branch level?
Is anyone still expecting branches to be consolidated … and positions changed ? People let go? It’s hard to believe it’s stopping at a few pay grades above branch level….
Layoffs in Enterprise tech
Just a heads up for everyone layoffs are happening today. I definitely didn’t expect it today.
HR had layoffs yesterday
So word was out yesterday in the hallways that HR was conducting their RIFs. What have you all heard? Pretty quiet in here about that.
Audit is a MESS
Before anyone says why haven't I left. I'm trying. 1 - I'm on my 5th manager in 1 year. Everyone has left (many cases for lesser paying jobs just to get out) that had any institutional knowledge or care for the organization. My current manager... — read more
Not the same without you
Small talk. I’ll pass. What an absolute joke.
What Should Happen Now - Shareholder Destruction
The stock price has been battered under Bill Roger's watch. What should happen is total decapitation of the management team - I just don't think the Board has the ba--s to do it. The only two people who know what they're doing are Mike Maguire and... — read more
Another one from Wells Fargo
Chief Wholesale Banking Officer, Kristin Lesher
Bonus
Anyone know the date for bonus payout?
Which one? Only two plausible scenarios.
Would love to hear your thoughts! More likely scenario? How can morale improve without a complete overhaul of Executive Management? Board fires Billy Bob (and others) and brings in a proven leader to instill confidence for all teammates with a... — read more
Current Wells Fargo manager looking to move to Truist
Do you Charlotte employees RTO 3 days a week? I went back to the office in March ‘22 3 days a week. Charlotte based. Looking to leave the dumpster fire that is WF. Hoping Truist is a little better??? Hearing mixed things. Thanks
Town hall Meeting on Feb 21 at
Anyone have any feelings? It’s very late in the afternoon? 4:00pm
RTO Policy
“It’s just not the same here without you!” I’m sure everyone saw the RTO article on The Source today. Are manager’s being required to enforce the RTO Policy? My team works in digital. We are not customer facing, that is we are a back office... — read more
"It's just not the same here without you!"
The propaganda post on The Source about the benefits of working in the office going over like a lead balloon in the comments made my day.
30 or 60-day notice?
Nervous about upcoming RIFs next week in my department. Anyone know if Truist is giving a 30 or 60-day notice to impacted teammates? Layoffs are happening in waves, so not sure if the Federal WARN Act applies here. I believe that applies only if... — read more
Culture at Truist Needs a Complete Overhaul
Especially in the Mortgage division. I was rif'd in 2022. I am a HBBT associate. PCE is ingrained in us. It's extremely hard to to go from a PCE mindset to a "we're focused on being the biggest bank around and doing things like the other big banks do... — read more
Need to get rid of the Wells Fargo DEI hires.
This is painful. Start chopping those hires first.
Leadership at The Firm and Investment Bank
Being here the past 5-10 years, before the merger and after, it's clear there is a lack of leadership across the board. Look at a place like Wells Fargo - they were a dismal failure rocked by scandal upon scandal back in 2016 and 2018 - but things... — read more
Severance agreement
Did you know the reason companies offer severance is so the RIFed employee does not sue? Has anyone here that was laid off not signed the severance agreement, and then filed a lawsuit against Truist? Would love to hear your experience please.
This is why SunTruist is the best of the best!
Truist today announced that for the third consecutive year it was named among the JUST 100 by JUST Capital and CNBC as part of its 2024 Rankings of America's Most JUST Companies. This year, Truist ranked #14 overall out of 937 brands. "Truist is... — read more
Disability / EEOC lawsuit
Anyone here ever experienced an employee with an ADA protected disability filing a EEOC lawsuit against Truist (or any of the heritage banks) for wrongful termination or employment discrimination? Curious if Truist settled and how much the... — read more
If you were cut recently
How is the job search going? I know a couple of folks who've been looking for over two months and claim they still can't get a decent offer. Is that everybody's experience or have others been able to find something good? I'm just generally curious... — read more
Go away Billy Bob
Hey Billy Boy. Can you fu-k up any worse than you already have? I think the answer is yes. Why don’t you do us all a favor and leave. Take your millions and just leave. You and your buddies have ruined a good bank. I’m not saying that BB&T was... — read more
Enterprise Payments (Digital) - Bonuses
Just heard bonuses in Chris Noe’s organization will be cr-p in March. Hard to stay motivated with all the expense cutting (401k match from 6% to 4%) and paltry bonuses for 2023. I’m sure all the executives will get huge bonuses. Sometimes I wish I... — read more
Mike Mayo and Truist
This is your reminder that one year ago Mayo was bullish on Truist. How quickly things can change. Surprised Bill n Joe didn’t hire him to run the current iteration of the old SHR. Wells Fargo analyst Mike Mayo maintained a Buy rating on Truist... — read more
Sterling no more
Truist sells Sterling Capital to Guardian Capital Group. Deal closes Q224. I’ll be interested to hear the rational for this divestiture
Bill’s Purpose Corner
What a tool. He believes his own nonsense. Similar to David Koresh….talking nonsense and in circles. Bill, do you ever say anything with actual substance? Maybe, get to know some actual real leaders in the work place. Any a--hat that reads... — read more
February Riff - water cooler talk
Has anyone heard when EDD (whatever they calling themselves now) riffs will be in February?
Anyone refusing to RTO?
I'm supposed to be in office one day a week, after working 2 years fully remote. None of my team is there, despite the reason for returning being "collaboration". What a joke. I wish everyone in this company would refuse to RTO. They gonna fire all... — read more
Rebuild Morale...Rebuild Trusr
Move Beau to CEO RIF-Buchanan RIF-Thompson RIF-Poole
Incentive plan 2024
Has anyone seen the video of the new plan ? Is this just a way to insure that most branches will not be getting a bonus ?
Lack of inter-department communication
As someone in CCB I am routinely astounded by the lack of communication between departments. Whether it's IRM partner groups like Wealth/Premier/Treasury/Merchant, back-office support, branches, etc. etc. Does anyone else notice how other... — read more
Joe T
I have personally heard Joe Thompson speak many times. He has spoke with nothing but candor, compassion, and purpose. I fail to see why he is generating so much animosity. The only sensible answer is that we are yet again experiencing the endless... — read more
Negotiating Severance Agreement
Has anyone spoken to an attorney about negotiating the severance agreement? Is there any improvement?
Do it to them before they do it to you
Like the title says...do it to them before they do it to you. A once fine institution has become plagued with incompetent executive leadership. Threatening layoffs and cost cuttings while they take the private jet all over the footprint. If you... — read more
Feels like Truist could be the Wachovia of this cycle
Wachovia had a decent brand with good deposit gathering capabilities in good markets similar to Truist, it was just mismanaged based on poor acquisitions and credit quality. It ended up being acquired by Wells in a take under for a 7 handle per... — read more