Topics regarding layoffs at Truist Bank

Topics regarding layoffs at Truist Bank

Outsourced

Many departments have been outsourced to India, a vendor for Suntrust. Everyone on the BB&T side be ready, your department could be next. You will train them and then be walked out the door. Thank you, Kelly King for throwing your Wilson teammates to... — read more 

Running out of money

Hey, I'm not one to be on this board but why would BB&T advertise BB&T's BANKING app on Food Network today, 10/16/20. Guess they can't afford a merger app, or at least say who the are. Both BB&T and SunTrust still in the dark ages, you better... — read more 

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| 25310 views | | 8 replies (last November 22, 2020)
Post ID: @OP+17twHlHv

How many have been cut so far?

I know people are getting cut at the end of each month, but that can't last forever. They have to stop sometime. I'm wondering do we have any idea how many have been cut so far? The originally announced layoffs in April said 800, but by now it's been... — read more 

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| 26590 views | | 8 replies (last October 19, 2020)
Post ID: @OP+17oudRLd

How is outsourcing to India even legal?

Seriously? We send so much sensitive data there? And, we as Americans are consumers but all money goes to India. Makes no sense. Finally, on a national level - India gets all the skills (we give it to him) and what do we do here in the... — read more 

401K / RIS given notice - being sold

It was announced yesterday that 401k / RIS is being moved to Empower and Assensus. All analyst, sales and Call Center Reps from Raleigh, Greenville and Greensboro laid off. A few are safe for now, until everything has transitioned and then... — read more 

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| 24780 views | | 11 replies (last October 30, 2020)
Post ID: @OP+17kYFmIm

Class Action

Whispers of class action lawsuit by hBBT employees because they are not increasing salaries to match SunTrust. Anyone else heard this?

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| 32080 views | | 36 replies (last October 11, 2020)
Post ID: @OP+17awvBAV

Layoff Schedule

In a previous thread, it was mentioned that layoffs will be happening the last week of each month with the next group being the 21st of September. Is anyone else aware of this information? If so, when and where was it discussed/mentioned? What groups... — read more 

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| 30720 views | | 4 replies (last October 9, 2020)
Post ID: @OP+171I4DnR

Job grade

Are salary changes effective immediately? Are BBT folks getting a bump in pay? It’s pretty well known that SunTrust pays more

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| 30840 views | | 1 reply (October 1, 2020)
Post ID: @OP+16Srae9A

Extra workload

After having riffed hard working people you forced existing employees to pick up the extra workload. How is this being “efficient”? Do you honestly believe output as well as quality and service will remain the same and not be jeopardized? How is... — read more 

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| 30550 views | | 3 replies (last October 10, 2020)
Post ID: @OP+16Ra8Wbj

RIS - EBO - 401K Dept to be sold off

A recent bank mega-merger could soon lead to the sale of a 401(k) recordkeeping business. Word is that the folks at Charlotte, North Carolina-based, publicly traded Truist are trying to sell at least part of their retirement plan business. Truist... — read more 

Job Regrading / HR Updates?

Anyone have any info on when the job regrading (specifically pay bands) and subsequent job description updates will take place with HR? We were told sometime in August, but clearly that didn't happen...

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| 30750 views | | 3 replies (last September 9, 2020)
Post ID: @OP+16LEzkrJ

Updates?

What’s happening out there?

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| 32830 views | | 9 replies (last September 19, 2020)
Post ID: @OP+16FurOXI

Any h1b layoff ?

Too many h1b folks in IT department.any layoffs in IT Department?

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| 32630 views | | 1 reply (October 8, 2020)
Post ID: @OP+16BsDplr

Can we get more details on layoffs, please?

I've heard there were layoffs yesterday and today but that's also all I've heard. No numbers or departments or locations, nothing. Do we know if this will continue tomorrow? How many more can we expect? What is being hit? Any info would be greatly... — read more 

Truist commits to more aggressive cost cutting

During the second quarter earnings call on 07/16, Truist leadership committed to more aggressive cost cutting, to include aggressive layoffs. Will the executives turn the aggressive cost cutting on their own multi-million dollar total annual... — read more 

You are deserting me in my time of need...

When we first met I was excited to start our adventure together knowing we would make a great team. I was wide eyed, and ready for all the things you offered me. I believed in your promises that I was part of the Best Bank in Town and always followed... — read more 

2020 Outlook?

What can we expect for the remainder of 2020? Any insites?

Culture

I left SunTrust years ago because the culture was deplorable. I got hired at BB&T and was in my role for 20 years and left right before the merger as my saneness and family was more important. If you can get out, do it, you feel much better and your... — read more 

Trusit acts ike the big boys now.

"Unfortunately, this is another case where the banks saw an opportunity to take from the very businesses that were intended to benefit from the PPP program—like the small CPA and accounting businesses that are our clients in these lawsuits—in order... — read more 

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| 52880 views | | no replies yet
Post ID: @OP+158TPCLX

IT Outsource Coming

Economic downturn couldn't have come at a worse time with pressure to complete merger related IT changes. The new bank is hemorrhaging cash trying to combine the banks as Covid-related loan defaults are skyrocketing. Layoffs won't come until... — read more 

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