Thread regarding BB&T Corp. layoffs

Wilson NC Layoff Question

I’m a real estate investor in the Wilson market. BB&T has 2,200 employees in Wilson NC. The new 35mm building they are constructing to consolidate operations will house 650 people. Assuming the 6 branches in Wilson County make up about 100 employees then what are the thoughts the eventual plan is to drop from 2,200 to 750 employees in Wilson? This town has struggled with no population growth and too many houses in the 20k-100k range. A staff reduction of this size would eliminate 2-3% of the jobs in this market and especially jobs where people can afford to purchase homes. Anyone have insight into this?

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Post ID: @OP+XKlQnpy

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I think I have an idea who you are! I will be contacting you soon!

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Post ID: @2sft+XKlQnpy

Thanks Wren, Any idea on the workforce size in Wilson after these layoffs? Also any rumblings what they will cut with the SunTrust merger?

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Post ID: @1yih+XKlQnpy

The new location will not be constructed to consolidate everyone that works with BB&T in Wilson. Majority of its employees will come from the towers, and the branch below that. The rest will come from other OPERATIONS, (NOT BRANCHES) that are located in Wilson. BB&T has went through a staff reduction, with another phase coming soon, however it will not go from 2,200 employees to 750.

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Post ID: @1sil+XKlQnpy

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