Thread regarding SunTrust Banks Inc. layoffs

Typically, mergers become a math game for the new company

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.

Reposted from @10XR7xpF-bavb
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Post ID: @OP+11bsOs3L

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BB&T and SunTrust have about 740 branches within two miles of each other, or about 24 percent of all branch locations run by the banks. BB&T Chairman and CEO Kelly King said during a conference call that the companies will be “careful and methodical” about which branches they close. This was reported 12/6/19.

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Post ID: @1drqf+11bsOs3L

I'd like to think most are not that naive to think they're safe at any point in time through this sh–show. Writing is on the wall a little clearer for some right now but we all know the worse is to come after the merger.....IF it ever takes place

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Post ID: @Bglp+11bsOs3L

Many teammates and associates are in denial about what is stated here. You are well advised to heed this wise sages words. They will come true for many of you after you think you’re safe. Beware!

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Post ID: @Azwz+11bsOs3L

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