We are concerned about our jobs as well. My understanding is that the merger will create more layoffs in the AML area
Topics regarding layoffs at BB&T Corp.
I wish everyone who's received meets or exceeds on PDPs were only so lucky. It seems mid/high level managers are the only ones I've heard of that are getting these "retention bonuses" (other than the 15's and below getting the $1500). What about... — read more
Has anyone been offered any type of pay incentive/award to stay through conversion? (Not including the $1500 bonus that was announced.)
Has anyone actually had their question answered? They are telling us nothing, but say if you have questions submit them and they will respond. I have 3 outstanding questions, all the way back to April and not a single one has been answered or even... — read more
Has anyone heard any news this week?
The closing of the deal has been announced as 10/4.
Has anyone been laid off yet due to MOE or know of anyone that's been let go in preparation for the mass layoffs that are bound to happen? Just curious if they're leaning towards the normal rif process or going a different route. Would love to hear... — read more
I'm hearing the next level of announcements is being delayed. Nothing like taking everyone's anxiety up to 11. It's really been horrible the way they are rolling this out. And now there is good chance this thing doesn't even close this year. ... — read more
Has anyone heard anything about the call centers in Lumberton NC or West Virginia? (Special assets collections)
Jan 2019: Boston consulting group came in and the 25 year old MBAs are driving management to fire staff apparently without concern for how the business will run without enough staff or experience. BBT culture is now destroyed. Morale is non existent... — read more
Unfortunately experience isn't a factor most of the time. Longer service typically are the highest earners, low hanging fruit in the whack-a-person game. For whatever reason the powers that be appear to be favoring Suntrust in this merger. Strange... — read more
It's all fine and dandy to tell us layoffs are coming, but is there any way to provide more info on it? Mostly, when?
I don't know about Wilson, but I know the Bank is looking to cut costs (ie salaries) by around 20% or 25% per dept. All layoffs will occur at once, prior to the merger in October. If you are let go, at least you can feel comforted knowing you won't... — read more
Anyone have knowledge on Wilson, NC? Wish we could get definite answers on departments staying and going...
Another round of management layers to be crowned tomorrow, another step towards the Synergies coming to fruition. This group will include many who have been incentivized to make the transition seamless with five and six figure stay bonuses. How much... — read more
If you don't lose your job in the merger certainly you will want to work for a banking institute with a real name. They will spend multiple millions rebranding with this nonsensical name, wow!
The list does exist. About 1000 branches in total between bbt and sti are potentially going to be closed. Can we get more info on this, please? When, where, anything? — read more
There will be huge layoffs because most of the senior managers' long term bonuses are directly tied to lowering costs. Doing things cheaper and better takes effort, laying people off does not. And management is nothing if not lazy. You think they... — read more
Anyone know how long before the layoffs are now? I figure now that the senior leaders have been identified it will be soon.
Six figure bonuses for the people who are deciding your future are done and signed off on. Good luck to all of you who will be part of the 1.6 Billion in "Synergies" created with the merger in your future employment. Your bonus will be future... — read more
Does anybody else think that it's really odd they're putting us through all these mandatory happiness committee meetings I mean if you're going to lay me off just lay me off don't leave me around for months wondering whether or not I might have a job... — read more
We all know the next round of layoffs at BB&T is coming, but the main question now is when? Do we have any idea on a time frame? I'm asking primarily because I've already started panicking again, and it would be nice to know if I have another month... — read more
Post merger RIFs with --branch consolidations, --metrics based operations consolidation, --operations low-cost-shoring Thousands! — read more
We at BB&T understand that employees are replaceable. Nothing personal, rather tough business. We are doing what is best for shareholders. Shareholders confidence in executive managements decision to make Premier Financial Institution the best of the... — read more
I’m a real estate investor in the Wilson market. BB&T has 2,200 employees in Wilson NC. The new 35mm building they are constructing to consolidate operations will house 650 people. Assuming the 6 branches in Wilson County make up about 100 employees... — read more
Very true. Too bad nothing like this will actually happen. In a nation with almost 37 million workers over the age of 55, the quandary of SunTrust-BB&T workforce will become increasingly familiar across the U.S. economy... — read more
We can expect to see so many more layoffs once the merger is completed. Not only consolidation layoffs (which in themselves will be huge,) but this will give both banks a perfect opportunity to get rid of whomever they want without too much bad press... — read more
All hail SunKing...Premier? What do you think?
How do you all feel about the merger?
Finish the sentence...
Does anyone know when round 3 and 4 of the layoffs are happening? Being told it will all finish by end of February.
The little media coverage I find of the layoffs at BB&T have no details because the company is declining to say how many people were laid off. Why? What is the point of secrecy? Here's the latest example:... — read more
I know that layoffs are the easiest way to cut costs an artificially produce better numbers without any organic growth. But if you look at the larger picture this is the ultimate way to bring the company down. They will be left with an understaffed... — read more
I’m not sure what’s the point of the latest layoffs, considering we are already severely understaffed. Instead of hiring, the bank keeps laying off. Even our clients are complaining. How is that good for business? If at least they laid off people who... — read more
Who is responsible for the decision making on who will get laid off at BB&T? I'm trying to figure out why do we keep losing some of our best workers. What kind of manager looks at the list of names and doesn't take into account something like that?... — read more
Seems that we forget all the things that are wrong at this company when the threat of being laid off becomes more realistic and that we just want to keep our jobs. I get that's a natural reaction, given that people’s lives are at stake, but maybe we... — read more
This was a good company once that appreciated its employees and treated us well. Those days are long gone now. Today, we are all about profits for shareholders and nothing else. Anything and anybody will become a victim of the never-ending race for... — read more
BB&T has gotten to the point of being one the absolutely worst places to work. Morale is horrible at most locations and they hire the MDP or LDP folks straight out of college with no experience at anything other than partying and put them in a... — read more