While this cluster tries to come together and become the sixth largest bank, PNC has already knocked you back down a couple notches🤣🤣...
Topics regarding layoffs at Truist Bank
Are the internal and/or external call centers with Suntrust outsourced? Would really appreciate any information on this.
For Truist to layoff thousands of employees, they don't hesitate to pay big for new blood from old stock. https://www.bizjournals.com/charlotte/news/2020/11/18/truist-financial-forms-enterprise-payments-group.html
Two members of my team can’t see eye to eye on any issues and this is making working as a team difficult to say the least. The others are finding absolutely no motivation to work with them because they feel caught in the middle of their ridiculous... — read more
The way things are going there is no way. I've been in IT for a long time and have never experienced anything this bad. A delayed merger will be good for some of us folks that are needed to compete it. We will at least have jobs until then. We are... — read more
https://www.bizjournals.com/charlotte/news/2020/11/10/bill-rogers-president-coo-truist-financial.html As you can see, many more closures and layoffs. Truist will be keeping LightStream Lending from SunTrust, a digital lending platform, no need for... — read more
Many departments have been outsourced to India, a vendor for Suntrust. Everyone on the BB&T side be ready, your department could be next. You will train them and then be walked out the door. Thank you, Kelly King for throwing your Wilson teammates to... — read more
I'm tired of waiting. Give me severance and I'll be happy to leave.
The bank plans to close about 100 more branches in December and January and continue through 2022. https://www.bizjournals.com/charlotte/news/2020/10/15/truist-financial-merger-affecting-expenses-q3.html
Hey, I'm not one to be on this board but why would BB&T advertise BB&T's BANKING app on Food Network today, 10/16/20. Guess they can't afford a merger app, or at least say who the are. Both BB&T and SunTrust still in the dark ages, you better... — read more
I know people are getting cut at the end of each month, but that can't last forever. They have to stop sometime. I'm wondering do we have any idea how many have been cut so far? The originally announced layoffs in April said 800, but by now it's been... — read more
All things being equal (level/grade, etc.), who's better paid - SunTrust or BB&T employees?
Seriously? We send so much sensitive data there? And, we as Americans are consumers but all money goes to India. Makes no sense. Finally, on a national level - India gets all the skills (we give it to him) and what do we do here in the... — read more
It was announced yesterday that 401k / RIS is being moved to Empower and Assensus. All analyst, sales and Call Center Reps from Raleigh, Greenville and Greensboro laid off. A few are safe for now, until everything has transitioned and then... — read more
Whispers of class action lawsuit by hBBT employees because they are not increasing salaries to match SunTrust. Anyone else heard this?
In a previous thread, it was mentioned that layoffs will be happening the last week of each month with the next group being the 21st of September. Is anyone else aware of this information? If so, when and where was it discussed/mentioned? What groups... — read more
Are salary changes effective immediately? Are BBT folks getting a bump in pay? It’s pretty well known that SunTrust pays more
After having riffed hard working people you forced existing employees to pick up the extra workload. How is this being “efficient”? Do you honestly believe output as well as quality and service will remain the same and not be jeopardized? How is... — read more
Welcome to the 21st century, Truist: https://www.americanbanker.com/news/truists-pandemic-chatbot-could-have-staying-power It was going to happen eventually. COVID made it happen faster.
A recent bank mega-merger could soon lead to the sale of a 401(k) recordkeeping business. Word is that the folks at Charlotte, North Carolina-based, publicly traded Truist are trying to sell at least part of their retirement plan business. Truist... — read more
Anyone have any info on when the job regrading (specifically pay bands) and subsequent job description updates will take place with HR? We were told sometime in August, but clearly that didn't happen...
What’s happening out there?
Too many h1b folks in IT department.any layoffs in IT Department?
I've heard some rumors layoffs will continue this week, is that true?
anybody heard if pension buyouts are on the table ?
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... — read more
Mass Layoffs planned for Q3 and Q4.
During the second quarter earnings call on 07/16, Truist leadership committed to more aggressive cost cutting, to include aggressive layoffs. Will the executives turn the aggressive cost cutting on their own multi-million dollar total annual... — read more
When we first met I was excited to start our adventure together knowing we would make a great team. I was wide eyed, and ready for all the things you offered me. I believed in your promises that I was part of the Best Bank in Town and always followed... — read more
https://www.thelayoff.com/t/15Whc7vI or @OP+15Whc7vI
What can we expect for the remainder of 2020? Any insites?
Here we go again! Oh Will, please save your people!
I left SunTrust years ago because the culture was deplorable. I got hired at BB&T and was in my role for 20 years and left right before the merger as my saneness and family was more important. If you can get out, do it, you feel much better and your... — read more