Fifth Third Bancorp to Lay Off Over 500 Employees at Farmington Hills Facility
SOURCENews reportView the filing ↗
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 in MI.
That is roughly 2.7% of the 18,579 people Fifth Third Bancorp employs.
LayoffTalk has tracked 10 layoff events at Fifth Third Bancorp since May 2026, including 115 jobs documented in official WARN filings, with 9 additional events known from news reporting.
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Estimated figure based on news reporting. Not yet confirmed by Fifth Third Bancorp.
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