Not what it once was - Recensione dipendente - Senior IT Director presso Truist

While the company is sound, it's underperforming due to a lack of leadership/decisioning at the C-level. Senior leadership in IT does not collaborate. Constantly changing process direction. Growth opportunity reserved for new hires from the likes of BofA, etc. It's public knowledge that Truist has about a $800 mil cost reduction target. That's completely due to a lack of sound financial management, so they hire one of the big consulting firms to reorg and lay-off ~15-20% of the workforce because they don't know how to organize or run themselves. Reductions in 401k matching and in formulating bonuses, pension etc. If you have to cut that much, and you can't blame the economy given the state we've been in since 2020, something's very wrong.