PITTSBURGH — PNC Bank confirmed to Channel 11 that the company is laying off employees.
>>> PNC acquires $16.6B in capital commitments facilities of failed bank
A spokesperson issued the following statement:
“As part of our strong focus on expense management, we have reviewed our organizational structure and have identified an opportunity to better position our company for long-term success. This includes a shift away from work not fully aligned to our strategic priorities and will result in a reduction in staffing levels in certain areas. While these decisions are never easy, we believe these measures will help us more effectively and efficiently deliver for our customers and stakeholders, now and going forward.”
According to our partners at Pittsburgh Business Times, social media postings have been discussing layoffs at PNC for months.
Tuesday, several people referenced a mandatory conference call informing employees that they were being let go.
The PBT said PNC confirmed limited layoffs in its mortgage and home equity groups in July but did not disclose numbers or locations.
Based in downtown Pittsburgh, PNC is the region’s largest bank by market share, the PBT said.
PNC declined to comment on the number of jobs being reduced, which departments the cuts will take place in and their locations.
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