Thread regarding Truist Bank layoffs

Shift from FTE to contractors

Over the past few years, I’ve noticed a consistent pattern: when full-time employees in my role leave, they’re almost always replaced with contractors rather than new permanent hires. That shift feels telling. It suggests that Truist may no longer see this position as a long-term investment, instead opting for the lower cost and reduced obligations that come with contract workers. No benefits, no paid time off, and a built-in exit after a fixed term.

This wasn’t always the case. Historically, Truist staffed this role with full-time employees, which reflected a different level of commitment. What makes the change even more striking is that a closely related job family within the same organization continues to be filled exclusively with permanent hires. The contrast highlights a clear shift in priorities: one job family appears to be viewed as strategically important for the long term, while the other, despite having the same pay grades, is treated as more temporary or expendable.


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Post ID: @OP+1kpe3gj7r

9 replies (most recent on top)

@1tv - so: company bad and disloyal, but still be loyal and do whatever company says without complaining - do I have that right?

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Post ID: @2qe+1kpe3gj7r

With GCC it will be a shift to FTE. Still offshore, but FTE. Just now means we will go more heavy to offshore so more opportunity for discussions here.

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Post ID: @2pf+1kpe3gj7r

Keep griping about having to work from an office when you want to work from home where you would have not been if not for the lies of 2020. Here’s what you did: you showed your company your physical presence isn’t needed. They can hire someone in India at a fraction of your salary and not have to pay benefits. But Bill can still pay for another baseball team and his golf tournament. Executives care about themselves as it is at all large businesses. There hasn’t been loyalty to employees for decades. Now go sit at your desk, do your job and pray AI or Accenture doesn’t take it.

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Post ID: @1tv+1kpe3gj7r

@14c It has gotten quiet, its not because of stock price though. Your logic as off about it being because they were layoffs, that's what this site is for.

Not really sure if you are trolling or gloating. Once the firm is acquired, the India operations will be cancelled. Then those who like to come on here to insult and gloat to the teammates will be raging.

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Post ID: @14w+1kpe3gj7r

I will say this board is much more quiet. Unsure if it because the stock price is increasing or all the noise makers don’t have jobs because their work was offshored. Interesting, just sayin.

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Post ID: @14c+1kpe3gj7r

Much of the movement to FTE will now be moving to the GCC offshore

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Post ID: @m5+1kpe3gj7r

Oddly in my sliver of tech they're converting contractors to FTEs. So 🤷

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Post ID: @an+1kpe3gj7r

@aa - such a good movie

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Post ID: @ab+1kpe3gj7r

The manager in my area likes contractors because it lets him live out his fantasy of being a plantation overseer and he does.

I am still hoping for Django moment to happen to him.

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Post ID: @aa+1kpe3gj7r

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