Truist Financial Corp. eliminated about 5% of its investment-banking division amid uncertainty surrounding the dealmaking environment, according to people with knowledge with the matter.
Legacy Suntrust employees paid to sit around doing nothing after their facilities were shutdown
My manager said that no one will be getting a merit increase? trubullshist really don't care.
10 years of service and I have never been so overloaded, burden and stressed out like I was with Truist. I made the decision to leave and my mental/physical health, marriage and family are doing so much better! What hurts the most till this day is... — read more
In fact, I don't believe there are many people here who still trust this leadership. It's really hard to be focused on work and do your best when you have so little trust in those at the top. Every day it becomes more and more obvious to me... — read more
Did they really integrate all the BBT and STI systems or do they just plan to run both forever and ever? This is a paid subscription https://www.bizjournals.com/charlotte/news/2023/01/19/truist-ceo-cfo-talk-post-merger-q4-earnings-call.html
Going to be a long winter. Anyone heard of bonus reduction?
Every time I try to call HR, the automated message tells me it will be over an hour. Do they even care if employees have to wait this long to talk to someone? That was really a rhetorical question. The answer is obvious. Get the HR folks some... — read more
Branch employee here. After six months now of no lunches and two associates to a branch this hiring freeze really shows where branch teammates stand. Hiring freeze extended till April 1, 2023. Then regional management says no overtime? How is a... — read more
I guess he didn’t retire to be with family
The respect Truist gets is the respect Truist gives.
Anyone remember when Case and other execs were all about being woke? They recommended a book by Ibram X Kendi. Is this stuff still happening, I left 9 months ago.
Technology folks come on whats going on? Why this pathetic app and website not working at the same time?
It’s quiet on here lately. Any news?
In just a few years, eight of my colleagues lost their jobs, I nearly lost my job as well, I was then transferred to a new position that had little to do with what I used to do, and now my job is once again in jeopardy. It is more than obvious that... — read more
Who remembers: Kelly’s ‘Disrupt or Die’ sermons. That was just BS to warm up to we need to do something big because regional banks can’t survive. Then we merge with a regional bank, thus making us a big bank. And then we had the Name rollout... — read more
We found out what branches will be closing in March 2023. But was assured no one is losing their job. Where will we work if there are no openings within a hour commute. Was also told that staffing in the branches will be analyzed again in January... — read more
So, what was the issue? I am not a subscriber. I am guessing too many technical issues and poor customer... — read more
This analysts isn’t buying it: “Truist shares look meaningfully undervalued, but at least some discount seems appropriate unless/until management can show that differentiated earnings performance promised with the SunTrust deal.” Underwhelming... — read more
Anyone get the feeling that something is in the works?
Charlotte-based Truist bank has launched an innovation arm designed to bring more tech-centric products to customers — and its first is a smartphone game that gives people prizes for saving money. The new team, called Truist Foundry, is a... — read more
I was in the group laid off back in June. For everyone impacted by the recent round of layoffs I am very sorry; however, believe me when I say brighter days are ahead. Since no longer being apart of Truist, my stress level and overall well-being has... — read more
Former hBBT who took the VSRP here. Wondering how those that have survived this long are doing and if anything has improved. I hope it has.
In fact, I think this was just the beginning. We will be having many more layoffs before the year's end. The bank doesn't care about us and if the numbers tell them to do it, they won't hesitate to get rid of every single one of us. As long as the... — read more
When I think about it, I would even like to end up on the layoff list because this is no longer the place where I liked to work. Not only are the employees dissatisfied, but also the customers are increasingly dissatisfied as well. The leadership... — read more
First let me say I did not work for BB&T or SunTrust. I started with Truist so I am not partial to one side vs another. I was a Manager in the Mortgage division, so this is what I will speak too in my post. The way upper management treated their... — read more
Truist is laying off 8% of its mortgage workforce as announced today.
Gotta love the earnings…
Too many incompetent people.Prepare for what is coming.
Many wonder why some people decide to stay here. Ironically that includes even those who took a long time to leave here themselves. So let's start in order, why people decide to stay, and it's not just a Stockholm syndrome: Because they can't... — read more
Anyone out there in Bryce Elliott’s organization that is in product that supports either the BREW or Commercial/CIG digital banking platform? Bryce seems like a good dude but the culture is horrendous. Sweat shop, everything is urgent, managers... — read more
The number of employees who are hoping to get laid off is growing every day. The number of employees who are applying and hoping to leave is also increasing all the time. I wish the leadership would realize they are at risk of losing most of their... — read more
the big question is whether it will be feasible? The people I work with are already overworked to the max and I believe that none of them is willing to do additional work if they survive layoffs. Especially because it is possible to find a much... — read more
Are managers notified in advance of layoffs for their specific locations? Our manager has been acting really strange the entire week. He seemed to be avoiding us, which is not his usual M.O. He also looked nervous. That has all of us on edge and... — read more
Long post, worth the read. On September 7, 2022, Truist Financial Corporation ("Truist") announced the appointment of Michael B. Maguire as Chief Financial Officer of Truist, effective as of September 15, 2022. On September 13, 2022, the Compensation... — read more
How do you feel about the adjustments? Opinions from new & veteran employees welcome.
So institutional investors own 75% of the outstanding shares. Vanguard and Blackrock hold a little over 16% between them. When do they start applying pressure to Rogers and the BOD to improve stock performance? No way they can be happy about a stock... — read more
Any news today in the Truist world?