Two years ago, right before Christmas, BB&T laid off some very competent employees. This was after hiring McKinsey consultants to formulate a transformation process. The process was a total flop and a huge waste of money. Prior to these layoffs I had some trust that if I was working hard and was a high performer that my job would be safe. Now I have zero trust. I hope there are no layoffs right before Christmas again. I saw another post indicating that there will be, but I have no idea. It is very difficult to work for a company that you don't trust.
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At this point I would welcome a layoff. Been with BBT 15 years and have never experienced the likes of this. They do whatever they want, and if we push back or question their methods we’re called negative. This job mapping thing is a joke —BBT associates are getting screwed in all this. Bring on the RIF—I’d welcome it. Sincerely embarrassed to be part of this organization and disgusted with how they treat the few skilled, talented people they have left.
Although a terrible time for this to happen, it is my strong belief they are lucky. The turmoil going on now is only going to get worse. The way the new “job mapping “ is being rolled out is a joke. Make no mistake, hard work does not help you! Do as little as possible, leadership is not buying the methods trying to be implemented. Entitled doesn’t begin to explain some bank divisions. These arrogant people in the STI investment banking segment are the worse. Rainmakers, yeah right! This bank will have the regulators camped at the doorstep.
Just announced that +30 people Riffed in Community Bank Centralized Underwriting. Really tough timing.
The only solace is the few on our team were lower performers.
The read me the riot act not to say anything since my severance is pending, Thank you for the well wishes, I'll be fine and move on.
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I’m so sorry to hear that. It’s never a good time, but this time of year is so hard. Best wishes to you. I hope another, better door opens for you soon. What line of business are you in if you don’t mind me asking?
I’m so sorry to hear that. It’s never a good time, but this time of year is so hard. Best wishes to you. I hope another, better door opens for you soon. What line of business are you in if you don’t mind me asking?
Just received my layoff today, last day the 30th, Merry Christmas. I've been with the bank for 21 years and yes, took only 10 minutes like the other post. No thank you, nothing. I have a week to sign off on my severance. Really s—s this time of year.
Ah yes, the McKinsey asshats. Like the Bobs from Office Space. It has never occurred to executive management that the problem isn’t that they haven’t cut enough, the problem is they have no clue how to run their business. So they merged to create the 6th, er, 7th largest bank thinking that now they will have the resources they didn’t have as the 12th-ish largest bank, but resources were never the issue. All their old problems have followed them here because no matter where you go, there you are. No worries though, they votes themselves multi-million dollar stay bonuses.
Some won't happen until the middle of January, they would like to do it sooner but Christmas vacations and all, they want you to cover vacations and then lay you off.
More layoffs are indeed coming before Christmas.
I was one of the people laid off Christmas 2018, I was a high performer, 20 years with the bank and 3 years before retirement. To say I have trust issues now is an understatement, I feel for everyone and am saddened that in two years, it's gotten worse, no one should be treated in this manner. More layoffs will occur, but they will try to pass it on as retirement as they did with me but really, I was laid off and it only took 10 minutes to tell me.