Wells Fargo layoffs coming: Bank promises to cut 10 percent over 3 years

(Courtesy of cbsnews.com) Wells Fargo plans to cut up to 10 percent of its workforce over the next three years, the bank said, which will result in thousands of job losses at the nation's third-largest bank. Wells Fargo & Co. Chief Executive Tim Sloan made the announcement to employees on Thursday. The bank currently employs … Continue reading Wells Fargo layoffs coming: Bank promises to cut 10 percent over 3 years

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Vystar employee indicted for embezzlement of $5.4 million

(Courtesy of Jacksonville Business Journal) A former Vystar Credit Union employee, Duane Allen Sikes, has been arrested and accused of perpetuating a "fraudulent scheme to misappropriate $5.4 million," according to an indictment filed Aug. 30 in U.S. District Court. Sikes was a mailroom employee in the credit union's Jacksonville headquarters from 1994 through 2017. He allegedly … Continue reading Vystar employee indicted for embezzlement of $5.4 million

Jax-owned company makes three acquisitions in Virginia

(Courtesy of Jacksonville Business Journal) Meridian Waste, a non-hazardous solid waste services company, has acquired three Virginia-based companies. The acquisitions were fueled by Warren Equity Partners, a Jacksonville Beach-based private equity firm. Georgia-based Meridian acquired Bob's Refuse Service, New River Container and Resource Management Group, all of which will now operate under Meridian Waste/CFS Group … Continue reading Jax-owned company makes three acquisitions in Virginia

Ameris: Mentoring key to retention, engagement, development 

(Courtesy of Jacksonville Business News) Jennifer Garizio, learning and development director at Ameris Bank At Ameris Bancorp (Nasdaq: ABCB), the most promising talent are nominated for a nine-month mentorship program with top executives. The program, MentorAmeris, is the top-level mentorship program of a bank that mentors employees from day one. “We want to attract and … Continue reading Ameris: Mentoring key to retention, engagement, development 

SunTrust market president: How to hire, retain talent as available labor tightens 

(Courtesy of Jacksonville Business News) Enlarge Brian Parks, SunTrust market president Nearly half of companies in a SunTrust (NYSE: STI) nationwide survey say attracting and retaining employees is their top challenge in 2018. Middle market companies – companies with revenues between $10 and $150 million – ranked it as their top concern. Jacksonville is no … Continue reading SunTrust market president: How to hire, retain talent as available labor tightens 