Laid off from Truist.

Truist grew out of the BB&T and SunTrust merger, and its job cuts have come from combining, trimming or selling businesses, through a 2023 cost program to the 2026 exit from near-prime auto lending. Since 2023 it has pointed affected people toward other Truist jobs, and those offers carry rules.

What we know about Truist severance and layoffs

  • 578 jobs on four Regional Acceptance notices dated September 15, 2026.
  • 3 filings covering 373 jobs in our tracker since the start of 2025.
  • $5.5 billion in near-prime auto loans Truist agreed to sell in September 2026.
  • 1,038 Truist jobs eliminated in the fourth quarter of 2023.
  • $750 million cost program from September 2023, about $300 million from job cuts.
  • $63 million in charges, mostly severance, in Truist's fourth quarter of 2025.
  • 35 miles is the most extra commute a comparable Truist job can add.
  • 40,000 Truist employees in July 2024, by the company's count.

The most recent Truist layoff we've found

In September 2026 Truist disclosed a deal to sell $5.5 billion of near-prime auto loans and leave that business, and notices went out to close Regional Acceptance offices in Texas, Arizona and North Carolina, per WITN, ABC15 and The Dallas Morning News. Michael Lyons, Truist's chief executive since September 1, drove part of that pivot, the Dallas paper reported.

What Truist layoffs have meant for employees

If you worked at Regional Acceptance, losing a job because Truist dropped the whole business is a rough way to go. Regional Acceptance had lately been breaking even, The Dallas Morning News reported, and Truist's finance chief described the plan as "focusing on fewer things that frankly leverage our strengths." Greenville's mayor, P.J. Connelly, told WITN the 253 local losses were a major layoff for the community and said the city would do whatever it could to help people find new jobs.

If you work at one of the four offices with a notice, the date that shapes your plans is your own separation date, which can fall anywhere from late November to your site's last day, so two people in one building can leave months apart. The North Carolina notices tie the closings to Truist's decision to sell the unit's assets, which gives you a plain, documented answer if a future employer asks why the job ended.

For Arlington's staff, Truist's statement pledged consideration for other Truist roles. If your job falls under Truist's General Severance Plan and you're weighing a Truist role, it's worth asking in writing whether it counts as comparable before you answer, since the company's September 2026 severance guide ties severance to that question. The guide sends questions like that to your manager first and then to a severance mailbox, and it promises priority consideration for open roles through its Redeployment Program.

Two of the guide's rules can cost money after a job ends. If you've received severance and Truist rehires you before the payout period ends, the guide says you repay the remaining amount, so someone paid ten weeks who returns after six owes four. If you'd hoped to come back as a contractor, the guide requires a break of at least six consecutive months before a staffing vendor can place you at Truist. Pay and benefits stay the same through the termination date, and the guide offers outplacement through LHH, starting within a week of the notification meeting, plus a year of LinkedIn Learning and 36 months of Lyra Health access for your household, with up to 12 coaching or therapy sessions a year. If you signed a non-compete or non-solicitation agreement, the guide says it still binds you, and it asks you to keep your home address and personal email current in Workday, since pay, tax and benefit papers go to the home address after you leave.

The merger and the 2023 plan, the two cost programs on record before Regional Acceptance, were announced in dollars, a $1.6 billion savings goal and $750 million in cuts, and played out over many months. In 2023 a spokesperson described the approach as hiring in some areas and rightsizing in others through attrition and planned reductions, with help for affected people looking for work at Truist or elsewhere. Between the 2019 merger and September 2026, our WARN tracker holds one Truist-named notice, Nashville's in 2023, though the bank reported more than a thousand jobs eliminated in the last quarter of that year alone.

Regional Acceptance also runs a business center in Plano, and it was unclear how many of its employees elsewhere got notices, The Dallas Morning News reported. Wherever you worked, our pages on unemployment for Texas, Arizona and North Carolina cover what each state pays and how to file. You can search the tracker under Regional Acceptance, Truist, SunTrust or BB&T to match the city and date of the North Carolina and Arizona filings, while Arlington's notice is on record through that same Dallas report.

A sourced history of Truist layoffs

  • September 2026, Regional Acceptance closing notices

    Notices dated September 15 put 156 jobs in Winterville and 97 in Greenville, North Carolina, per WITN, 120 in Tempe, Arizona, per ABC15, and 205 in Arlington, Texas. Truist pledged Arlington's staff severance benefits, consideration for other roles and job search help, it told The Dallas Morning News.

  • July 2024, technology department job cuts

    Truist confirmed job cuts in its technology department to The Charlotte Observer, to be made over three to four months, and said it would help affected workers find other jobs inside and outside the bank.

  • September 2023, a $750 million cost program

    CEO Bill Rogers announced "sizable reductions" in the workforce over the next three quarters, with job cuts expected to save about $300 million a year, Banking Dive reported. The bank cut 1,038 jobs in the fourth quarter alone, the Winston-Salem Journal reported.

  • June 2023, Truist Bank's Nashville office closing

    Truist Bank's notice for its office at 41 Rachel Drive counted 76 workers, but Tennessee's labor department recorded that ten would be laid off and 66 would keep their jobs at other locations when it closed July 30.

  • 2019 to 2022, BB&T and SunTrust merger consolidation

    Truist planned to close 800 branches after BB&T and SunTrust combined, The Charlotte Observer reported. The $1.6 billion in yearly savings promised for early 2022 came at the end of that year, according to Banking Dive.

What to do if you're laid off from Truist

Truist layoff and severance questions

What severance has Truist given laid-off employees?

Truist's statement on the Arlington closing in September 2026 named severance benefits among the help offered, per The Dallas Morning News, and its fourth-quarter 2025 results showed $63 million in charges, mostly for severance. Truist's severance guide, revised that September, says eligibility and terms come from the General Severance Plan, not the guide, and lists a Severance Agreement for each person to complete.

What counts as a comparable job offer at Truist?

Under Truist's severance guide, a job counts as comparable only if base salary drops no more than 10% and the commute grows no more than 35 miles, and for nonexempt staff, scheduled hours change no more than 25% and any shift moves less than three hours. If you're offered a comparable job before your employment ends, the guide says you won't be eligible for severance, and accepting one that isn't comparable rules it out too. It also warns that turning down an offer could affect eligibility.

What happens to my Truist stock if I'm laid off?

If you hold restricted stock units, Truist's long-term incentive summary, filed with its severance materials, says units granted from 2023 through 2026 keep vesting and pay out on their original dates unless you're 65 with at least 5 years of service, in which case time-based units are distributed when you leave. Units that keep vesting can no longer be forfeited, so FICA tax is due in the year you separate.

What happens to my Truist 401(k) and health coverage when I leave?

Truist's page for departing employees says medical, dental and vision coverage ends on the 15th if you leave by mid-month and on the month's last day otherwise, and COBRA can extend it for up to 18 months. A 401(k) worth more than $7,000 can stay in the plan, a balance from $1,000 to $7,000 has to be paid out or rolled over, and a 401(k) loan you stop paying is treated as a distribution 30 days after you leave.

When are the Regional Acceptance layoffs happening?

Separations start around November 30, 2026 at the four offices with notices. Winterville is set to close by February 28, 2027 and Greenville, where the unit is based, by July 31, 2027, WITN reported. Tempe is set to close the same February day, according to ABC15, and Arlington's staff are expected out by the end of that February, per The Dallas Morning News.