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Sumitomo Mitsui Banking Corporation

SMFGFinancials· Tokyo, Tokyo, Japan
LAYOFFS TRACKED
2
LAST EVENT
Oct 1, 2026
MARKET CAP
$94.73B
as of Oct 16, 2026
EMPLOYEES
41,638

Sumitomo Mitsui Banking Corporation (SMBC) is a major Japanese commercial bank offering a wide range of banking products and services including corporate and investment banking, commercial lending, retail banking, and transaction services. It operates globally through branches and subsidiaries and is a core banking subsidiary of Sumitomo Mitsui Financial Group (SMFG).

Layoff history

EMPLOYEES AFFECTED PER QUARTER · HOVER FOR DETAILS

Q1 '26Q2 '26Q3 '26Q4 '26

Layoff timeline

2 EVENTS
Oct 1, 2026WARN notice
Jersey City, New Jersey

Sumitomo Mitsui Banking Corporation filed a notice with the New Jersey Department of Labor that it plans to eliminate 75 jobs at its Jersey City location. The notice states the layoffs are scheduled to take effect between Oct. 1 and Oct. 13. The article places these planned cuts alongside other New Jersey employer notices but provides no department-level detail or stated reason for the reductions. The filing indicates the company, which offers global commercial and investment banking services, is formally scheduling the job eliminations within the specified October window.

Mar 10, 2026WARN notice
Remote, GA

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