Thread regarding BB&T Corp. layoffs

BB&T Layoffs 2019

Will there be any BB&T Layoffs in 2019?

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Post ID: @VTNAZ7u

26 replies (most recent on top)

I am running from this establishment,it does not represent the community bank it was built on.Those with Bbandt should sharpen the resume.Kelly King will be president for 2 years then what

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Post ID: @VTNAZ7u-3Jyaa

yes - what do you think the merger was for?

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Post ID: @VTNAZ7u-21fui

Your severance is a lump sum that you receive after your 60 days notice ends. It takes up to 30 days to get it. So anytime between 3/18 and 4/18.

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Post ID: @VTNAZ7u-20seh

As a Customer I quit them 4 years ago... Poor service, not aggressive for Business.

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Post ID: @VTNAZ7u-1Kxbl

I think you get paid through the March date and then severance is a lump sum based on your years of service. For non officers, 1.5 weeks for each year, for officers, 2 weeks for each year worked.

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Post ID: @VTNAZ7u-1nubr

Does anyone understand or have dealt with severance pay stuff? I have had two different explanations on how it works. Have never been through anything like this so want to make sure I understand this and do this correctly. First explanation is that is that my severance is not until after last day of employment, which is 3/18/19 according to the form I got. However, i will get a paycheck like i normally do (even if I'm not at work physically) until March and then receive a single payment severance payment after that and payment is equal to 8 weeks of benefit and payment amount.

Second explanation is severance is the 60 days after notice and not receive a payment every pay period but a single payment that covers the 60 days after notice.

Any advise on this is greatly appreciated.

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Post ID: @VTNAZ7u-1mzcm

I was laid off in October, 2017 after being with BB&T for 30 years. I was a Compliance AOO. They just laid off more AOOs last week. BB&T is not what they use to be.

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Post ID: @VTNAZ7u-1lobb

BB&T has gotten to the point of being one the absolutely worst places to work. Morale is horrible at most locations and they hire the MDP or LDP folks straight out of college with no experience at anything other than partying and put them in a management position running a department they have no clue about. The ultimate recipe for failure. They don’t value the employees who have experience. This company started a downward spiral when John Allison retired. They place way to much importance on a college degree. Most of the people working in management positions have college degrees that have absolutely nothing to do with the job they hold. A lot of hiring and promotion decisions in the department (merchant services) I worked in were based on friendships or who you know. Horrible place to work. And these MDP and LDP associates get treated like royalty and appear to be immune to layoffs.

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Post ID: @VTNAZ7u-1jueb

It is a huge layoff initiative,may concerns on how the organization can support day to day operations

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Post ID: @VTNAZ7u-1jajq

Collections in lumbert got disrupted. Let leadership go that has been with the 20+years and kept folks who have been there two. Culture? Ok but what kind.

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Post ID: @VTNAZ7u-1iban

Wren you piece of sh--!

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Post ID: @VTNAZ7u-1hukz

Just got the disrupt or die conversation and got my severance package. C-appy at best, I was In fraud management any others get the Sam treatment I as Told there were others receiving the same speech yesterday curious to know if any others kinda feel singled out.

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Post ID: @VTNAZ7u-1gdrk

Many good workers with many years at the bank being fired due to management sole focus on shareholder return. Week of 1/15 is going to be a blood bath. 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 and staff who remain will certainly be on the lookout for positions elsewhere as opportunities arise are other Banks. What goes around comes around.

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Post ID: @VTNAZ7u-1gxby

word is that there is going to be more in 3-4 weeks

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Post ID: @VTNAZ7u-1gpch

I’m so sorry to hear that. We had several in Wilson NC laid off in Corr Lending. What Dept were you in, where there was 25 laid off?

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Post ID: @VTNAZ7u-1ggty

Yes 25 in my department today

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Post ID: @VTNAZ7u-1fuow

Everyone says week of 1/15 will have significant layoffs

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Post ID: @VTNAZ7u-1elyl

Possibly week of 1/15/18 could be significant

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Post ID: @VTNAZ7u-1cxvi

Funny how Disrupt or Die initiative turned into Disrupt to Thrive after those of us being killed got our Christmas "goodbye notice".

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Post ID: @VTNAZ7u-12ieg

employees from branches that close will have jobs. employees from back office positions will not have jobs

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Post ID: @VTNAZ7u-Wfsp

Yes but they will be placed elsewhere and have jobs. Where are the true layoffs where the severance packages and 60 days are involved?

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Post ID: @VTNAZ7u-Sgzk

Yes. Many branches will be closed. CEO confirmed this.

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Post ID: @VTNAZ7u-Qlmj

Anyone know which departments hit and what area?

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Post ID: @VTNAZ7u-Junm

Yes

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Post ID: @VTNAZ7u-Jhzu

oh yea more to come

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Post ID: @VTNAZ7u-Ixhb

No, they just did them today right before xmas. Called it Disrupt to Thrive

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Post ID: @VTNAZ7u-Hhkq

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