PNC Bank Confirms Layoffs

PITTSBURGH — (WPXI) – PNC Bank has confirmed that the company is laying off employees. A spokesperson issued the following statement to our news partners at WPXI; “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.” Social media postings have been discussing layoffs at PNC for months. PNC reportedly 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.