Pnc Bank Layoffs October 2025. PNC economists upbeat for 2025 but keep watch on tariffs, tax cuts Pittsburgh Business Times February 07, 2025: SouthState Bank will cut one-third of Independent HQ jobs after a $2B buyout 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.
Trouble at PNC Bank as Layoffs Start, Loan Activity Stalls (Bank Crisis 3.0) YouTube from www.youtube.com
Moreover, the layoffs by PNC are anything but one-office affairs, and the job cuts span all PNC locations in the U.S., reflecting the generous reach this bank has across the country PNC Bank confirmed to Channel 11 that the company is laying off employees.
Trouble at PNC Bank as Layoffs Start, Loan Activity Stalls (Bank Crisis 3.0) YouTube
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%. 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 earnings call in July, according to the Pittsburgh Post-Gazette . Moreover, the layoffs by PNC are anything but one-office affairs, and the job cuts span all PNC locations in the U.S., reflecting the generous reach this bank has across the country
PNC Bank to no longer charge NSF fees on consumer deposit accounts WOBX News. February 07, 2025: SouthState Bank will cut one-third of Independent HQ jobs after a $2B buyout 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.
Pnc Bank Offers 2025 Calendar Megan Macleod. PNC counted 60,301 employees at the end of June, according to regulatory filings (AKA PNC) is a Pittsburgh-based financial services corporation