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
Topics regarding layoffs at BB&T Corp.
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
I was a part of the Correspondent Lending Operations Group in Atlanta. They layed off my entire floor on 1/15 ( 3 teams, their managers and the Operations Manager). They kept the underwriters upstairs and layed off several in Wilson, NC and middle... — read more
Any more info on February round of layoffs? All we know so far is that more notifications will go out sometime next month. Any additional info would be appreciated.
Layoffs are terrible and very disruptive. Those affected will always feel singled out, scared and upset. That is incredibly natural. It's not fun for anyone: those receiving the news, those giving the news, and those left behind. Reactions such as... — read more
Just curious, how's the severance pay nowadays. Disclosure: I left on my own in 2014. — read more
Many good workers with many years at the bank being fired due to management sole focus on shareholder return. Week of 1/15 is going to be a blood bath. Boston consulting group came in and the 25 year old MBAs are driving management to fire staff... — read more
Very little is available on this week's layoffs. We don't know how many people were laid off, what was hit, and most importantly - are we done? Does anybody know if we can expect even more cuts in the following few days or has everybody been notified... — read more
Do you know if the list exists and where I may be able to find it. Thank you! — read more
Several folks have been laid off this week in Wilson, NC in Corr. Landing. Some of them have been with the company for many years. We hear that the cuts will be affecting other locations and that more may be coming in 2 to 3 weeks - I honestly hope... — read more
Will there be any BB&T Layoffs in 2019? — read more
Company laid off thousands of employees to bump up shares of stock at year end. Guess who benefited... Kelly King CEO who just got a pay raise of 9.1% bringing his total compensation to $12.67 million while the President and COO, Chris Henson got a... — read more
I’m at my 5 year mark with BB&T and since I started I’ve yet to see an improvement in resources and manpower. Majority of the time our staff is at the bare minimum. This causes associates to scramble around hoping to accomplish tasks set for the day... — read more
Roughly 6 months ago at a BB&T branch two of my coworkers who have been with the company for at least 15 years came in one day and were let go. As far as everyone in the branch were aware of, they were exemplary employees who were given no notice... — read more
Up to 2,000 positions will be eliminated by the end of the year through severance packages, forced retirements, and vacant positions that will not be filled. A majority of the layoffs will come from the retail bank through branch consolidations... — read more