Pnc Bank Layoffs October 2025 . PNC Says 4 Workforce Reduction Will Save 325 Million in 2024 Bloomberg social media postings have been discussing layoffs at PNC for months. February 10, 2025: Meta begins global layoffs: over 3,600 employees affected
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PNC counted 60,301 employees at the end of June, according to regulatory filings Learn how these government-reported layoffs are affecting levels, roles & salaries
Pnc Plaid Issues 2025 Sana Calvin This large geographic scope will undoubtedly extend the impact of the workforce reduction into regional economies and communities with large PNC presences, possibly compounding local economic problems even further. The cuts will likely boost PNC's bottom line next year, but its fourth-quarter earnings will be adversely impacted by the staff reduction charge, Autonomous Research analyst John McDonald wrote in a note to clients. The layoffs came days after PNC agreed to buy a portfolio worth $16.6 billion from Signature Bridge Bank via the Federal Deposit Insurance Corp
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Source: urtspraybph.pages.dev PNC Says 4 Workforce Reduction Will Save 325 Million in 2024 Bloomberg , February 10, 2025: Meta begins global layoffs: over 3,600 employees affected The bank boosted that figure to $450 million in July, as Demchak told analysts that PNC would find "opportunities for even further expense improvements across the franchise." "If you look at our costs, right, we're basically down in every category other than personnel," Demchak said during the company's second-quarter.
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Pnc Layoffs 2025 Felicity Blake . In total, PNC is targeting $725 million of 2024 expense cuts, though the layoffs will necessitate a $150 million one-time charge in the fourth quarter PNC counted 60,301 employees at the end of June, according to regulatory filings