Have you heard anything about potential BB&T layoffs? Any chatter, news or rumors?
BB&T Layoffs 2022
Do you think there may be small/medium/large BB&T layoffs? Any chatter, news or rumors?
I miss BB&T
I miss BB&T when it was just that, BB&T. I didn't expect to see things change this much after the acquisition. Call me an optimist but I honestly believed everything would mostly remain the same after the merger. I can't believe how wrong I was and... — read more
BB&T Layoffs 2021
Do you predict that there will be BB&T Layoffs 2021? Any news or rumors?
Notices of layoff
I've heard a bunch of people were given notices of layoffs, is this correct? Which departments were hit?
One Question
What are you waiting for? The BB&T culture we loved for years is gone, half of your professional network is gone, opportunities are gone, and you are months away from being one of many people in the job market with BB&T on your resume. Are you... — read more
Master thread for CoronaVirus and impact on BB&T
Discuss if you have something to add or ask a question.
How many people work at BB&T?
Nobody knows when layoffs will happen, but the overall number of employees should be public info. Do you know how many people work at the company? How about the office at Winston-Salem?
Unfair lay off demographics
Seems that they only laid off minority positions and provided them to areas with a less minority count. This company has discrimination and racism all in it. It will be exposed soon enough!
So when do we get the bonus money?
They said we would get $1500 after Legal Day One. If legal day one is in December should we expect the money by the end of the month? Any word on if it will be a separate check or included with the regular payroll checks?
Toxic culture at McGriff
What labor lawyer makes them squirm?
BB&T Layoffs 2020
Anyone would care to chime in with a prediction about potential BB&T Layoffs 2020? Any news or rumors?
Worst Place in Wilson to Work
Anyone who is unfortunate enough to work there or has worked there, knows what I am talking about. They are a cruel company and are the worst at playing favorites. If you do not s— up and brown nose the bosses, you are treated worse than dirt and... — read more
Now what
The majority of management has been chosen, still some areas left to complete but mostly finished. What about those of you who didn't get one of these jobs? Ask to take a lesser role? Any thoughts on how this was done? What were you told? How about... — read more
AML
We are concerned about our jobs as well. My understanding is that the merger will create more layoffs in the AML area
What about the rest of us?
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
Merger Pay Incentive/Award to stay?
Has anyone been offered any type of pay incentive/award to stay through conversion? (Not including the $1500 bonus that was announced.)
MOE "Ask a question" on insite
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
Any job updates?
Has anyone heard any news this week?
MOE closing 10/4
The closing of the deal has been announced as 10/4.
The Start of Layoffs
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
Next level of announcements delayed?
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
Post something
https://www.thelayoff.com/truist
What about BB&T collections/call centers?
Has anyone heard anything about the call centers in Lumberton NC or West Virginia? (Special assets collections)
What goes around comes around.
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
Powers that be appear to be favoring Suntrust in this merger
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
Any ideas on when?
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?
Major layoffs incoming at BB&T
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
Wilson
Anyone have knowledge on Wilson, NC? Wish we could get definite answers on departments staying and going...
Next layer(s) of management announcement
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
Seriously, Truist? This is the new name for the future entity.
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!
Massive closings expected
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?
Doing things cheaper and better takes effort, laying people off does not
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
Leaders identified...now what
Anyone know how long before the layoffs are now? I figure now that the senior leaders have been identified it will be soon.
Executive retention bonuses are done
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
Happy meetings
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
When can we expect the next round?
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