Whispers of class action lawsuit by hBBT employees because they are not increasing salaries to match SunTrust. Anyone else heard this?
Topics regarding layoffs at Truist Bank
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
"Unfortunately, this is another case where the banks saw an opportunity to take from the very businesses that were intended to benefit from the PPP program—like the small CPA and accounting businesses that are our clients in these lawsuits—in order... — read more
it's "complicated".... https://outline.com/qsqFFp
Truist says it spent $125 million on its new name, defends brand in trademark fight | Charlotte Observer: https://outline.com/54UcAv
Economic downturn couldn't have come at a worse time with pressure to complete merger related IT changes. The new bank is hemorrhaging cash trying to combine the banks as Covid-related loan defaults are skyrocketing. Layoffs won't come until... — read more
From the Charlotte Observer: https://outline.com/xaCpws This is just the start. If you are in branch banking....not good.
Heard third party that Executive Management is discussing certain positions, internal, for furlough to get them through then next 6 months. I for sure will probably be one of them as I'm doing nothing working from home:(
How many of you and what department have been told not to come to the office and work remote for the foreseeable future?
Can we have an honest discussion about the residual effects of the stock drop. How bad is the timing of this for the future of the bank? IMO it seems to be time to buy the stock for the long haul. Am I wrong? What does this do to the merger plan in... — read more
Answer: 15. Check out Wikipedia. Its bank operates 2,049 branches in 15 states and Washington, D.C., and offers consumer and commercial banking, securities brokerage, asset management, mortgage, and insurance products and services. It is... — read more
Branch consolidation and layoffs has been delayed to Aug 2021. They will be making 30% of their savings goals this year with getting rid of back office duplications and realignments. No word on where the 30% savings will come from department... — read more
35,852 (BB&T) +22,899 (SunTrust) = Total 58,751 (Truist) BB&T Employees For the quarter ended December 31, 2018, BB&T had 35,852 FTEs, compared to 36,484 FTEs for the quarter ended December 31, 2017. PAGE... — read more
TFC is down 4.98% to 51.18, better start working on those cuts!
I can't imagine that Truist can offer the same Pension benefit that was offered to BB&T employees, for very long. That is one hell of a liability and it just doubled in size. Pensions are nice but they are a 'hold over' from a different time and in... — read more
Number of branches: 1800 Truist Profile: ISIN: US89832Q1094 / Industry: Financial services Founded: 1872 HQ: Charlotte, North Carolina, U.S. Number of branches: 1800
I heard third person next wave is February. I hadn’t heard anything about January. :/ I was a lift and shift, no offer letter or anything in writing. I was notified via phone, the week before thanksgiving, as I’m in a different location from my... — read more