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Fifth Third Bancorp

FITBFinancials· Cincinnati, OH, United States
LAYOFFS TRACKED
10
LAST EVENT
Jul 16, 2026
MARKET CAP
$49.97B
as of Aug 26, 2026
EMPLOYEES
18,579

Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management. The Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers. The Consumer and Small Banking segment provides a range of deposit and loan products to individuals and small businesses; home equity loans and lines of credit; credit cards; and cash management services. This segment also engages in the residential mortgage that include origination, retention and servicing of residential mortgage loans, sales and securitizations of loans, and hedging activities; indirect lending, including extending loans to consumers through automobile dealers, motorcycle dealers, powersport dealers, recreational vehicle dealers, and marine dealers; and home improvement and solar energy installation loans through contractors and installers. The Wealth & Asset Management segment provides various wealth management services for individuals, companies, and not-for-profit organizations. It offers retail brokerage services to individual clients; and broker dealer services to the institutional marketplace. This segment also provides wealth planning, investment management, banking, insurance, and trust and estate services; and advisory services for institutional clients comprising middle market businesses, non-profits, states, and municipalities. The company was founded in 1858 and is headquartered in Cincinnati, Ohio.

Layoff history

EMPLOYEES AFFECTED PER QUARTER · HOVER FOR DETAILS

CONFIRMEDANNOUNCED
Q2 '26Q3 '26

Layoff timeline

10 EVENTS
Sep 11, 2026Upcoming · EstimatedNews
Auburn Hills, Michigan, USA

Fifth Third Bancorp announced another round of layoffs tied to its merger with Comerica, planning to cut 234 positions at the former Comerica operations center located at 3701 Hamlin Road in Auburn Hills, Michigan. The company’s WARN filing indicated the layoffs are expected to start on Sept. 11, 2026. Fifth Third described the action as part of aligning staffing with future business needs following the $10.9 billion merger and said it will support impacted colleagues during the transition. The filing noted these cuts bring the total number of Michiganders affected by the merger to over 700.

Sep 11, 2026UpcomingWARN notice
Frisco, TX

Fifth Third Bank plans to lay off more than 100 employees at its Frisco, Texas office following a $10.9 billion merger. The cuts are tied to post-merger consolidation efforts and specifically affect the Frisco office workforce. The bank announced the reduction as part of integration activities after the large acquisition, citing overlap in roles and the need to streamline operations. No specific department was named and the article did not provide a precise timetable for when the layoffs will take effect.

Jul 16, 2026News
Frisco, Texas

Fifth Third Bank has laid off more than 100 workers at its Frisco, Texas office months after acquiring Comerica's Dallas operations. The cuts affected staff at the Frisco office as part of post-acquisition consolidation; the article reports the layoffs totaled more than 100 employees. Company representatives and local officials are cited regarding the reduction, and the timing is described as occurring in the months following the Comerica acquisition. The article frames the move as part of integration and restructuring after the takeover rather than a broader industry layoff wave.

Jun 21, 2026News
Farmington Hills, Michigan, USA

Fifth Third Bancorp has announced the layoff of 502 employees as part of a restructuring plan that includes the closure of 75 branches. This decision comes in response to recent state records that revealed the extent of the workforce reduction. The layoffs are part of the bank's efforts to streamline operations and adapt to changing market conditions. While the specific locations affected by the layoffs have not been disclosed, the move indicates significant changes within the company's operational strategy. The layoffs are expected to impact various roles as the bank seeks to enhance efficiency and reduce costs.

May 8, 2026News
Farmington Hills, Michigan

Fifth Third Bancorp has laid off approximately 300 employees in Farmington Hills following its merger with Comerica. The layoffs are part of a restructuring process aimed at streamlining operations post-merger. The affected employees were notified in early October 2023, as the company adjusts its workforce to align with the new organizational structure. This move reflects the ongoing changes in the banking sector as companies adapt to market conditions and operational efficiencies. The layoffs are expected to impact various roles within the organization, although specific departments were not detailed in the announcement.

May 8, 2026News
Farmington Hills, Michigan

Fifth Third Bancorp has announced the layoff of 502 workers at Comerica’s office located in Farmington Hills, Michigan. This decision reflects a significant reduction in workforce as the company adjusts its operations. The layoffs are part of a broader restructuring effort, although specific reasons for the cuts were not detailed in the article. The affected employees will be notified as part of the company's workforce adjustment plan. This move underscores the challenges faced by the banking sector in the current economic climate.

Reported Jul 22, 2026Date not disclosedNews
Auburn Hills, Michigan

Fifth Third Bancorp is planning permanent layoffs of 234 employees at a former Comerica Bank operations center in Auburn Hills, Michigan, per a state WARN filing; the cuts are to be completed between Sept. 11 and Jan. 29 of next year. These Auburn Hills reductions bring Fifth Third's Michigan job cuts tied to its acquisition of Comerica to more than 700, following an earlier announced layoff of 502 employees at the former Comerica Great Lakes Campus in Farmington Hills. The company said it is aligning staffing after the $10.9 billion acquisition of Comerica to position for long-term growth, and also is consolidating branches in Michigan, closing 75 locations. Fifth Third stated it will offer transfer or application opportunities for some employees impacted by branch closures and committed to providing transition support for affected teammates.

Reported May 8, 2026Date not disclosedNews
Michigan, USA

Fifth Third Bancorp is likely to implement layoffs as it prepares to close 75 branches in Michigan. The situation remains fluid, with specific details about the number of employees affected yet to be determined. The closures are part of a broader strategy to streamline operations, although the exact timing and scale of the layoffs have not been finalized. Company leaders have indicated that the decision is part of ongoing adjustments to meet changing customer needs and market conditions.

Reported May 8, 2026Date not disclosedNews
Detroit, Michigan

Fifth Third Bancorp has announced plans to lay off approximately 300 employees at its former Comerica campus in Detroit, Michigan. This decision comes as part of the bank's ongoing restructuring efforts. The layoffs are expected to impact various roles as the company adjusts its operations following the acquisition of the Comerica facility. While specific dates for the layoffs have not been disclosed, the company is actively working on the transition. This move reflects Fifth Third's strategy to streamline its workforce and enhance operational efficiency.

Reported Jan 20, 2026Date not disclosedNews
Michigan, USA

Fifth Third Bancorp is likely to implement layoffs as part of its decision to close 75 branches in Michigan. The situation remains fluid, with specific details about the number of employees affected yet to be determined. The closures are part of a broader strategy to streamline operations, although the exact timeline for these layoffs has not been established. As the company navigates this transition, it is expected to provide further updates regarding the impact on its workforce.

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