Thread regarding BB&T Corp. layoffs

Up to 2,000 layoffs by 12/31

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 however, almost every business line from legal, operations, Asset Based Lending and others are being impacted currently.

I understand layoffs are unfortunately necessary but I hope executive management isn’t awarded year end bonuses when so many hard working associates and their families will be adversely impacted.

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Post ID: @PUaMLIf

6 replies (most recent on top)

Laid off in October too - spent 25 years with the company.

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Post ID: @PUaMLIf-1Gffu

I was part of the RIF in October. Was with the bank 30 years.

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Post ID: @PUaMLIf-1qmus

Very, it is happening in Winston-Salem as well as all over the footprint. I new round of RIF just happened in October 2017. Have heard 1,400 job cuts.

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Post ID: @PUaMLIf-mbcc

That would be a good thing to bring up in the shareholder meeting. Why do executives continue to reap bonuses due to layoffs? Layoffs improve the bottom line. But the best way to do it is to increase sales. Something that many business especially banks struggle to do.

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Post ID: @PUaMLIf-3axa

The fact that senior & middle mangers continue to retain & obtain positions while tenured, production people are "eliminated," is truly unfair & makes no logical sense. You reap what you sow.

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Post ID: @PUaMLIf-2bbz

How reliable is this info?

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Post ID: @PUaMLIf-djc

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