Thread regarding SunTrust Banks Inc. layoffs

When can we consider ourselves safe?

For how long will we have to come to work with the proverbial ax constantly hanging over our heads? Why can't they simply notify all of us right away, instead of making us stress unnecessarily?

I really think this could have been handled much, much better by both Suntrust and BB&T.

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Post ID: @OP+10XR7xpF

3 replies (most recent on top)

I would say never consider yourself safe, always have a back plan just to be safe and look out for yourself.

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Post ID: @lhpt+10XR7xpF

Typically, mergers become a math game for the new company. How do you pay out the least amount of severance while retaining talent during the transition? The least minimal disruption will be made during the merger so that HR can retain the right to layoff at a later date without the severance policies of the prior company. In other words, why layoff someone and pay a massive severance when I can keep them on the books for a year at the same or lower cost and pay a much lower or possibly no severance after six months to a year. Only HR and Boston Consulting know the formula that is being applied but employees of both companies should realize that one IS being applied and will be utilized during and after the merger.

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Post ID: @bavb+10XR7xpF

I work with BBT and I agree. If your gonna do it than do it and let us find something else. Its very stressful. But dont worry the big wigs got their parachutes and well taken care of. They will be able to put food on the table at their beach houses.

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Post ID: @ojm+10XR7xpF

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