Thread regarding Truist Bank layoffs

CSBB Audit

I need you guys to set me straight or confirm what I'm seeing. Is audit currently a hellscape of poor management, training, consistency, and direction? I came from another bank knowing the red flags were visible but I literally cannot figure out what's going on from day to day, audit to audit. No one seems to know what's going on. People are generally nice and super smart but I feel like I'm in the twilight zone from audit to audit. I feel like I'm in the middle of the desert by myself most times. Am I just being overly critical here?


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Post ID: @OP+1kvtzx30t

9 replies (most recent on top)

@jv SK and VW were senior audit managers on CSBB were let go too when AB was.

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Post ID: @k7+1kvtzx30t

@jv All the RIFs have been a nice way of terminating them. They over hire, keep the favorites, and lay-off legacy people and people they do not like.

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Post ID: @k6+1kvtzx30t

@jv There were more SAMs let go. Several on the risk audit team too. I do not know how they chose who to let go, I just know none were from USAA. I heard rumors it was based on performance but it seems more based on popularity with management.

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Post ID: @k5+1kvtzx30t

I'm trying to figure out how they determine which positions to eliminate.

AB was a SAM and got let go last month and I just heard that L McC (Not CSBB, but in my office) was let go and she was only a senior auditor. Were they not cutting it and this was a "nice" way of terminating them, or were their positions truly eliminated?

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Post ID: @jv+1kvtzx30t

@fg Yeah when he left I thought to myself why would someone making that kind of money in that position leave in this economy to supposedly start a new business? But I don't blame him.

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Post ID: @ft+1kvtzx30t

The managing director on that team leaving in a year and a half to start a business tells you how bad it is.

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Post ID: @fg+1kvtzx30t

It is not you, and it is not just that group, it is the entire department. It is a sinking ship and when people realize it they jump off and try to never look back. You are not alone in your perception.

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Post ID: @b8+1kvtzx30t

There were so many ethics complaints for the CSBB audit team. Management on that team does a poor job. Many people leave quickly. Training is a problem too since no one knows what they are doing. Everyone I talked to felt like they were drowning and in the middle of the ocean alone.

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Post ID: @ag+1kvtzx30t

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