How do you all feel about the merger?
5 replies (most recent on top)
This is a different type of “merger”. It’s not a big company absorbing a smaller one (similar to the BB&T/ Susquehanna or National Penn). BB&T is about to double in asset size which will push it to the 6th largest financial institution in the country. According to Wikipedia in 2018 BB&T employed around 37,000 employees and Suntrust employed around 24,000 (in 2017). PNC one of the top financial institutions which will be comparable to the new BB&T/Suntrust Company has around 53,000 employees (in 2017). This means a majority of us should hopefully retain our jobs or maybe will be placed in a new role with the new company. One can only hope!!!
complete b---s---! old scum bag kelly king is telling people there will be less layoffs only to make himself look good, yet people are getting let go left and right! the name of the new company will be premier financial! I dont understand how you are proclaiming to be the best of the best but are letting people go! you have the resources, and you will be gaining so much more, these people will be needed. smmfGOTdh
They are going to have to consolidate. People are going to lose jobs at both companies. Updating my resume tonight
Entire department was cut in October 2017 and the “quiet” layoffs have been ongoing. I feel sad for the people still standing and are now facing layoffs due to the merger.
Like a casualty