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 appreciated!
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Rate desk has RIF's this week.
I was told next week to now being tomorrow as my last day. Can’t wait to hear what a sh– show it is after. I’m the only one that actually did something in my department but wasn’t in the click.
It's pretty straightforward, Employee Rationalization relies on reorganization of a company to ensure a more effective structure. In the HR perspective, it refers to the discharge of an employee with the removal of the job position itself. These changes affect the organization, depending on the economic times. However, organizations adopt this method especially in case of technological advancement owing to extensive automation of processes. That's it in a nutshell what the bank is trying to accomplish All that talent will be gone. It's sad.
What is client experience? Whose organization is this under?
Most of the client experience team will be RIF'd next week.
Talk to your managers and ask about the Employee Rationalization Plan that Kelly referenced on the earnings call. They will (hopefully) be transparent with you and tell you what they can.
Every day it's like "Russian Roulette", you don't know if your next. It's very unsettling and not transparent at all. One of these days I'm going to snap on a conference call or at a meeting over core values. my nerves are shot. In hindsight, I wish I left right after the merger, now is the worst time during this pandemic to get hire with a reputable bank. My heart feels for all of us in this situation.
It's obvious. This is bad PR both internally with employees and externally with customers. Need to keep it quiet what a garbage organization this is and how they are c-apping on employees during a pandemic. Need to keep the remaining employees working hard to pull off this merger before the next round of layoffs.
Truist
When you say “they” are you referring to hBBT or hST? Eventually word of all this must become public in some way.
They love this cloak and dagger c-ap always
Have and since the merger no one wanted I think It’s worse. Good luck to you all.
Why is Truist not communicating more broadly about this? So many accounts of layoffs but nothing online and no communication from leadership.
Any RIFs in Robinson Humphrey?
Just had our meeting with the announcement. This should be the last day of RIFs for this round so we were told. It does seem like most areas are being hit. I was frankly surprised that we lost someone given the nature of the role and the skills required (high demand skill set, difficult to hire) but it was a mid-level manager so perhaps that played into it since s/he is likely not doing any hands-on work. I don't want to be too specific but we roll into the risk organization.
I’ve heard of rifs in nearly every department with the exception of technology. Is this inline with what everyone is hearing? I assume they may survive this round.
That just happened to me , the 31st is my last day.
Most every department will see some job loss. If your position is remote, your manager will send someone or travel to give you your severance package in person, It may take two weeks to complete this round. This s—s:(
Enterprise Compliance/Risk
So sorry to hear that man. You know of any other groups affected?
Carnage today in post closing and dealer finance.
Damn, sorry to hear that. What group/dept?
I was just told today. Last day next week. It’s everywhere.
Last I heard there was a layoff in the fraud prevention and resolution group. One person was RIF’D last day is 7/30. Severance was offered.
Agreed. I initially assumed that due to WFH circumstances, communication wasn’t happening as per the usual. But more recently it’s felt very unusual... borderline weird. My manager wasn’t even aware there had been layoffs until I told her.
Not normal, I was with BB&T for a longtime and all of this is being kept so quiet compared to how these were handled in the past. (Prior layoffs were handled all at once with managers setting up meetings with those that remained to let them know what had happened and who was impacted.) It's really not good, and it feels like something underhanded is going on. I really hate the new leadership. They are doing a really c-ap job. We should all be really afraid. This does not create a good work environment.
Is it normal not to have any corporate communication about this?
Branch Banking, Mortgage and McGriff.
Are they still offering severance packages ?
So far I know about a regulatory group and some groups in marketing. I work with two people who were RIF'd. They have one week before they go.