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UPCOMING · ESTIMATEDPublished May 9, 2026

Fifth Third Bancorp to Lay Off Over 500 Employees at Farmington Hills Facility

EMPLOYEES AFFECTED
500
SHARE OF WORKFORCE
~2.7%
PLANNED DATE
Not disclosed
500 OF 18,579 EMPLOYEES

What we know

Location: Michigan, USA.

A specific layoff date has not been disclosed.

Based on news reporting.

Summary

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.

Fifth Third Bancorp cut 500 jobs.

That is roughly 2.7% of the 18,579 people Fifth Third Bancorp employs.

LayoffTalk has tracked 6 layoff events at Fifth Third Bancorp since October 2023, affecting a combined 1,304 employees.

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SOURCE
News reporting
View original source ↗

Estimated figure based on news reporting. Not yet confirmed by Fifth Third Bancorp.

F
Fifth Third BancorpFITB
Financial Services · 18,579 employees
6
EVENTS TRACKED
2,104
AFFECTED SINCE 2023
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CREATED MAY 9, 2026LAST UPDATED JUN 3, 2026