The Sun is setting and the Trust is gone - Anonymous employee SunTrust Employee Review

Cutting every expense like travel, training, bonuses, paper, supplies, coffee, benefits, ... (for non executives), selling a lot of assets to cover bad debt, off shoring nearly all of IT, outsourcing almost everything else, and to bring in a new CIO from India who is pushing with vigor the off shoring agenda (to guess where.. India). It is obvious to nearly everyone that the direction SunTrust is headed is to be sold. Therefore, expect continuous cuts, layoffs, outsourcing and off shoring. This is however a sound business decision. This will cause the stock prices to raise significantly before the company is Sold so that the Board of Directors, "C" suite officers, and other major investors get a significant parting bonus. It is not so good for those thousands of folks here in the US who put in 40+ per week to make everything work.....