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?
What do you all think Does Truist split it self into a bank and an insurance company ? Or does it sale the bank? Insurance companies fe the higher multiples than banks …
Now there’s a shocker BillnBeau putting one of their boys in this role. BOD doing their usual job of oversight for the shareholders.
Any updates on how adjustments are being made for salary compression due to the upcoming $22/hr minimum wage? Seems kinda quiet from management.
Hey, Just got Rifd this morning, 10:00 AM, ask why and got no answer. Did get a severance package, no extended health. Have 30 days left to work, what a joy, maybe they'll see this and let me go now. Good luck guys!
I decided it didn't matter how bad it would look on my resume, I had to leave. Truist turned out to be the exact opposite of what I was looking for in a workplace: toxic work culture, lack of respect for employees, unrealistic workloads, bad... — read more
I don't trust them at all anymore. Didn't they go a bit overboard with all those empty promises? I had a hard time deciding to leave because I've been here for a long time but it turned out to be the only solution.
What’s up with this? Truist Financial Corporation (NYSE: TFC) today announced that Scott Stanzel will join the company as executive vice president and chief communications officer, effective Oct. 1, 2022. Stanzel will report to Chief Legal Officer... — read more
Acquired by Case and company along with it’s management.
In the last few months, the majority of major banks have had layoffs. I'm shocked that we've been spared so far, but now I'm worried that our time is about to come. I think people in mortgage should be prepared since that seems to be the main target... — read more
Looks as if every pay grade range will be increased. So if you are within the pay rang of the grade, you will not see an increase. For example, existing pay is NTL Grade 106 at $55k has a min of $43k / mid of $55k / max of $74k. Proposed NTL Grade... — read more
Exhausted and frustrated. Anyone else feel this way?
Steve A. as CTO…stroked Case, Meyer and Elliott’s —— enough to get another nepotism promotion
Obviously it’s more important to add more diversity executives than hire a new CFO. She will soothe all your troubled “Teammate” souls. So who knew we had a Chief Teammate Officer? Truist Financial Corporation (NYSE: TFC) today announced that... — read more
Any word on what they’re doing for teammates making more than $22/hr currently?
I don't think it was a small change, but a huge change in the company culture after the merger. This has become an exhausting, toxic place where I no longer want to work. How do you see the change in culture that happened after the merger?
That frustrates me from the very beginning here, everything is always urgent. Have you noticed that too? Urgent this, urgent that - that can only mean one thing, and that is that bosses don't know how to set priorities and they enjoy creating... — read more
I'm not panicking for now, but it's always better to be prepared.
There are so many things I could list here to make my point. From poor decisions to no focus to lack of talent due to layoffs and attrition to no accountability and so on and so on... Due to this, every day we have to deal with problems that could... — read more
Still a constant urgent need to fill out spreadsheets? I took VSRP so just wondering.
Truist wants to be an industry leader in technology, I think not, they can't even clean up the merger mess. ... — read more
It's tiring having to deal with managers who use fear as a management tool every day. Do they honestly think that yelling at us and repeating again and again that we will lose our jobs if we don't do this or that is a good way to manage? All they are... — read more
Any confirmation of layoffs in the branches last week or upcoming?
See link! https://youtu.be/EyKWMZDFJCA
I used to work with experts and it was a pleasure to work here. Now I am surrounded by mediocrities with inflated egos. This no longer resembles the Truist where I started working. Almost no one believes that this place can be the way it used to... — read more
Things are a mess in big part because incompetent people keep getting promoted since they have perfected the art of a-s-kissing. They keep getting ahead while competent employees with the knowledge and experience that would help to move this place... — read more
Do managers have any say in it? I'm asking because my manager is still pi---d about the people we lost in the last round of layoffs. I haven't asked him directly about it, but it seems that he had no say in who was going to be shown the door. That... — read more
Clean up is necessary in order for Truist to be successful,a lot of unnecessary positions,with lazy unproductive people.
I can't emphasize enough how important good company culture is. Working in the toxic cesspool that was Trusit ki---d any excitement I had regarding work. When I switched jobs, it was more to get away from a problematic manager than me thinking... — read more
Once the merger happened, we had to suffer through several years of layoffs and loss of talent that has left behind most of the sycophants and the worst management imaginable. I can't see a way in which things can get better from this point on... — read more
Has anyone heard what this round of reduction in force (RIF) severance package is? BB&T was minimum 8 weeks or two weeks for every year served, I think the cap was 50 weeks. Curious to see if they go with H SunTrust severance.
Are they raising everyone’s salaries that are already $22/hr or more? Any managers or up on here heard anything to this effect?
I know there were layoffs yesterday and I see that some people have mentioned that cuts will continue through July and August. I'm wondering if that means it will be condensed layoff rounds (once a week, twice a month), or is it going to be small... — read more