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Wednesday, April 24, 2024

Truist cut 735 jobs in Q2, more on the way

Truist Financial says it cut 735 jobs in the second quarter with additional reductions ahead as it achieves $1.6 billion in cost savings from the merger of BB&T and SunTrust Bank, executives told security analysts this week. The Charlotte-based company now employs about 2,100 people in Forsyth County, where BB&T was formerly based, and 1,700 at its main Greensboro office complex. The bank is studying how to consolidate BB&T and SunTrust branches that are in close proximity in many locations.

David Mildenberg
David Mildenberg
David Mildenberg is editor of Business North Carolina. Reach him at dmildenberg@businessnc.com.

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