I heard BB&T told the under writers at Greenville mortgage service center that they would be safe from cuts. I don’t know if I would put a lot of faith into that statement, it sounds like a desperation statement to keep people from jumping ship?
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The combined banks have a huge mortgage operation with lots and lots of overlap. I suspect they will do some consolidation soon.
'Legacy' BB&T is woefully behind in technology here. Its the dark ages compared to the competition. Way too much manual intervention. Expect 21st century tools to start appearing and the need for people continually to decline. Same for branch.
I wonder if they will make cuts at the Mortgage Service Center in Greenville SC?
SunTrust employee here. My last day was Dec 18th and my "offical" rif date is 2/14/2020. I feel like they knew all the information before hand. They acted like they didnt know when legal day one was. Legal day one hits on Dec 6th, and on Dec 12th I get a layoff date........then I am told my last day would be that next week on Dec 18th. I feel alot of us were/still are in the dark for no reason. I truly hope the best for the company, but the layoff process was truly unprofessional. It could have been handled better.
I heard it will be after the holidays
What department were you cut from?
I was told last week I did not make the cut for Truist but can apply for general bank positions when they open the postings up. At some point, supposed to get an email from HR with a link. However, I have not been told when my last day is. Another sit and wait move. It’s getting old. I am not quitting though. That’s what they want folks to do so they have less severance payout in the end.
So sorry to hear. I’m glad you aren’t waiting to know still and can start your search to move on to bigger and better. When’s your last day? My group still doesn’t know.
Which departments and roughly how many at both companies? Sorry to hear it.
BB&T employee here. We feel your pain. Our department was notified of cuts last week, including myself. I understand SunTrust experienced a similar number of cuts. Most other department cuts will occur in the coming weeks/ months. I feel bad, not only for myself (and family), but for other co-workers, as well as you all. This game has no winners... Only losers. There will be a lot of quality people looking for work soon.
It wont be until after Christmas so save that Christmas bonus
A conservative number is approximately 8 thousand, it is probably going to top 12 thousand before all is said and done.
I bet 15-20%.