Layoff worries still haunt Charlotte's banking community

Charlotte ObserverJuly 20, 2009 

The huge layoffs that hit Charlotte's banking workers early this year seem to be ebbing. But the city is still on edge.

The people who have been laid off worry about when they'll find new jobs, and how they'll manage in the meantime. And those who are still working wonder if their jobs are safe, or if the current calm is just a respite before another bloodletting.

Veteran bank recruiter Ed Turner said he's not hearing about many bank hirings, but he's not hearing of any huge layoffs either.

“Back in the first quarter, it wasn't uncommon for us to hear every week from 25 to 30 bankers who had been cut loose,” said Turner, a principal at Charlotte's Smith Turner Group, which specializes in finance and accounting positions. “Now we're hearing from a handful, maybe three to five.”

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