The German bank with a large U.S. presence had previously planned to add the jobs through next year in Cary.
Co-executive officer John Cryan said in a news release that “as a result of this legislation we are unwilling to include North Carolina in our US expansion plans for now.”
He said the bank may revisit the plans later. The bank currently employs 900 people at a Cary software development center, and it said it plans to sustain that existing operation.
Previously, PayPal reversed plans to open a 400-employee operation center in Charlotte, and more than 130 corporate CEOs signed a letter urging the law’s repeal. A number of states and cities have restricted public employee travel to North Carolina.
This week, the law prompted several more groups to cancel planned conventions or gatherings in the state.
Ryan Smith, a spokeswoman for the Greater Raleigh Convention & Visitors Bureau, said five groups totaling about 1,000 attendees have already canceled. She said in an email the canceled events would have brought $730,000 to the area.
Smith said another 16 groups are considering cancellations of events expected to have an impact of $24 million.
The B Lab, a group organizing a gathering for socially conscious companies, says that it’s relocating the event that was expected to bring 550 attendees to Durham in October. Certified B Corporations are for-profit but meet strict criteria for social and environmental responsibility.
Charlotte tourism officials have previously said that several events were canceled around that city.
Rock star Bruce Springsteen canceled a Greensboro show over the weekend because of the new law.
Jimmy Buffett, meanwhile, said that he considers the law “stupid” but will proceed with scheduled shows in Raleigh and Charlotte this month. He said future dates would depend on whether the law is repealed.
Buffett wrote on his blog that tickets to his shows sold out long before the law was enacted. “I am not going to let stupidity or bigotry trump fun for my loyal fans this year,” he said.
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