Mass Layoffs planned for Q3 and Q4.
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Compliance was more than 30...
Truist Compliance laid off 21 employees this week
I got laid off today last day Aug 7th - treasury
Layoffs in Mortgage Servicing Next Week including call centers
And this is different from what 3rd and 4th quarter last few years. Wake us up when you have real news 👀
I have seen high level drafts and every area of the bank will be impacted with up to 12, 000 reductions by Q3 of 2021. BBT has also entered Into discussions with a offshore strategic partner to handle several key functions and they’ve also licensed AI that will be deployed within the next year and will automate many functionality (refunds, network monitoring and security, fraud detection and analysis, credit analysis, underwriting, treasury, auditing, quality monitoring, payment processing, loss mitigation review and approval, lien release, Work Force Management (Forecasting and Intra-Day Monitoring), call monitoring, chat, routine voice interactions,
Does anyone have details? Which groups are being impacted? Numbers? We expect branch closures but there's a lot of fat in the back office jobs, especially the massive marketing organization under Donte Wilson.