#company

The Heritage Foundation Submits Shareholder Proposal to Truist Financial Corporation

Published on 03/16/2026 at 07:01 am EDT
S&P Capital IQ
TRUIST FINANCIAL CORPORATION

• 0.36%
  On March 16, 2026, The Heritage Foundation announced that it has submitted a shareholder proposal from Truist Financial Corporation, requesting the Company to conduct an evaluation and issue a report within the next year, at reasonable cost and excluding proprietary information and disclosure of anything that would constitute an admission of pending litigation, evaluating how Truist?s policies, public statements, and corporate partnerships may be misaligned with the values of its customer base, and how such misalignment may expose the company to significant legal, regulatory, and reputational risk, in connection with the annual meeting of shareholders scheduled to be held on April 28, 2026.

Any info on the recent layoffs?

Brace yourself!!!!!!!

You will not want to miss it.

Dell Technologies has reduced its workforce for the third consecutive year, reflecting a broader shift in the tech industry toward AI and efficiency over headcount growth.

I don’t mind working for a company knowing my number could be drawn at any moment. The pressure doesn’t bother me, at least I have a job.

Dell isn’t “failing” it’s evolving.
But the tradeoff is clear - fewer employees, more automation, and a big bet on AI driving the future.

Natural progression for all companies.

1. Verbal
2. Email
3. Both
4. Fill up a form

Alright all of you GL 30s and above. We know you’re on here, and we know that you have all of the tea. Spill it, what’s happening this week?

Does anyone find the cisco/rep nepotism here incredibly rampant? More often than not I find most of the nepotism hires incredibly incompetent.

Nestlé announced plans to cut 16,000 jobs globally. New CEO Philipp Navratil is implementing these changes. The company expects to save approximately $3.7 billion. This cost-savings goal is set to be achieved by the end of 2027. The job reductions include 12,000 office positions and 4,000 factory roles.

https://www.aol.com/articles/nestl-slash-16-000-jobs-143041973.html

Anyone else hearing the MIP is targeted to be 100% of payout? I'm excited !

https://x.com/DiscussingFilm/status/2033668374295716018

A company once so loved by its employees that it was the fortune 500's best place to work. Now imagine this company has a manager with the highest level engineers in the company who have worked and sacrificed for this company to be in the highest IC range. Now imagine that manager has to tell 10% of them that they need improvement despite being the absolute best of the best and head and shoulders above every other engineer in the company. Welcome to the twilight zone.

Personally I would have expanded the comments about the mouse but it was on point!

BoA just signed up to take over all of OBP, making current tenants of 600,000 SF subtenants of BoA i.e. no immediate big expansion but we went from 1.8m SF leased to 2.4m SF total so flex option for the future...perhaps this is to enable the full RTO ?

Has this been confirmed?

FYI - not to cause alarm but it is happening right now, as you read this. Confirmed.

Nothing where I’m at. And I haven’t heard anything yet.

Until when? I've heard so many different things at this point I can't keep track anymore.

At least that’s how it looks. Any org that’s been spared?

I've already heard about SEC, Converse, Distribution Centers.

I'm hoping to get a big buyout, what's taking this new CEO so long to do something?

Public service announcement - if you were laid off in 2025, you should still receive the company 401k match. It was contributed to accounts on March 13, 2026. Check your 401k accounts to confirm. Also, if you were contributing to the Citi company stock fund through the 401k, you should still be able to vote for shareholder resolutions related to the annual stockholder meeting held during the 2nd quarter, so keep an eye out for that proxy communication.

What is happening tomorrow?

At least 30 people, up to the director level. Not a big number but converse doesn’t have any people anyway.

Heard through the grapevine that the policies around age based employment protections have been updated and that employees with NRE status will no longer have that protection. Has anyone else heard of this?

Is there a US based layoff coming in the next month? Wondering because we have all hands scheduled in the next two weeks so seems like it might be weird to have an all hands during layoffs

Dow? Up. Nasdaq? Up. S&P? Up. Xrx? DOWN 6%... Xerox word salad no longer served with, "headwinds."

All European companies hire McKinsey to understand how they can run their business better. But McKinsey is not working for the benefit of these companies or Europe. McKinsey is working for the benefit of billionaires in the US.

Recently McKinsey asked Volkswagen to close 8 of their 10 German factories and lay off almost everyone.
https://www.spiegel.de/wirtschaft/unternehmen/volkswagen-mckinsey-soll-angeblich-schliessung-fast-aller-deutschen-werke-empfehlen-a-89c85f97-0964-40b0-ad5f-7163ea7c1925

McKinsey is also the reason why the executive board want to fire SAP employees. This entire narrative that SAP should fire almost everyone and replace them with AI comes from US billionaires through McKinsey.

My hot take is that SAP should fire McKinsey. It will save millions that we give them each year. And SAP should focus on innovation instead of using stupid US marketing and laying off employees and making customers angry. Christian Klein is only doing all this because he plans to join the McKinsey Germany board after he leaves SAP. And that's wrong.

https://www.minichart.com.sg/2026/03/14/optimum-communications-inc-files-8-k-report-detailing-director-changes-and-compensatory-arrangements-march-2026/

Can anyone share the NN75 store list for 2026? Want to see which stores are being targeted for improvements this year. Hopefully more will be worked on the the southern stores.

At the last town hall they said layoffs were done and we had the right people in the right places. But more people were rif'd last week. Not sure what to believe.

I thought John Bruno was the master of the word salad …. But KK is the new champion. Any idea what she actually said in her monologue

So is it officially gone or what? I’d rather be told it’s discontinued than be told it’s still waiting for approval.

what are u hearing.

On Employees that are fully remote in claims with no offices? Are they moving the jobs to the hubs or no, and staying fully remote?

Post any high level details of what you are seeing this morning (or if you were impacted).