$750 million dollars needs to be cut in expenses so there will be some local folks out of work. A North Carolina based bank is planning major layoffs to offset the bottom line.
Charlotte based Truist bank gave the warning last week at an investors conference. According to the Charlotte Observer, the bank plans “sizable reductions” in its workforce as the company cuts expenses. There is no word yet on the exact number that will be effected by the cuts. Action will reportedly take place at the end of the year and the first of 2024.
The bank says the job cuts will save around 300 million dollars. CEO Bill Rogers reportedly says the changes will have several goals. The Charlotte Observer reports they are:”simplify the business; accelerate franchise growth; lower growth of expenses; improve its capital position; and align compensation to shareholder return”.
Rogers reportedly says the changes will include fewer layers of management. Right now, Truist has 3,000 employees in Charlotte and around 50,000 employees company wide. Truist is the seventh largest bank in the United States. To learn more about this North Carolina based bank planning major lay offs, get details here.
Southern Living Ranks These Charlotte Restaurants "The Best"
If you’ve been in Charlotte over the past few years, it is no surprise that the Queen City has a lot to offer for ‘foodies.’ There are literally hundreds of restaurants with a variety of cuisines. And according to Southern Living magazine, Charlotte has some of the best eating spots.
The magazine put together a list of the 22 best restaurants in Charlotte. It doesn’t matter what you crave — Southern traditional, Italian, Asian, or seafood — Charlotte’s culinary landscape has something for you. I have lived in Charlotte for more than two decades and I still have not experienced even half of the restaurants on their list.
In the article, Southern Living boasts of many of the successes made on Charlotte’s food scene. It states “For years, the Queen City has steadily marched toward becoming a top food city in the South—with recent nods from the James Beard Foundation validating its expertise and growth.”
And growth indeed. There are new restaurants popping up regularly. From fresh seafood, street tacos to rolled sushi, the sky is the limit. Charlotte’s international flare (Vietnamese, Ethiopian) on food makes it even more difficult to decide just where to go.
Which is why I listed a few of the restaurants I’ve already visited. (In no particular order) And if you’re open to trying something new AND good, then check these out. Check out a full list of Southern Living’s restaurant recommendations.
