Pnc Bank Layoffs October 2025. Pnc Bank Offers 2025 Calendar Megan Macleod February 07, 2025: SouthState Bank will cut one-third of Independent HQ jobs after a $2B buyout 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.
PNC Says 4 Workforce Reduction Will Save 325 Million in 2024 Bloomberg from www.bloomberg.com
6 and would be nearly complete by the end of the fourth quarter, adding that the cuts would reduce its annual personnel expenses by about $325 million, or 5%. February 07, 2025: SouthState Bank will cut one-third of Independent HQ jobs after a $2B buyout
PNC Says 4 Workforce Reduction Will Save 325 Million in 2024 Bloomberg
PNC Bank confirmed to Channel 11 that the company is laying off employees. 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 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 Financial cuts forecast for net interest overshadowing Q2 earnings beat. February 10, 2025: Meta begins global layoffs: over 3,600 employees affected February 07, 2025: SouthState Bank will cut one-third of Independent HQ jobs after a $2B buyout
Pnc Plaid Issues 2025 Sara Naomi. 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. As of 2016, PNC operations include a regional banking franchise operating primarily in nineteen states and the District of Columbia with 2,520 branches and 9,024 ATMs, specialized financial businesses serving companies and government entities, and asset management and processing businesses.