Location: St. Petersburg, Florida, USA.
Department affected: SBA Program.
Based on news reporting.
Huntington Bancshares Incorporated has announced the layoff of 52 employees as it shuts down its Small Business Administration (SBA) program in St. Petersburg, Florida. This decision comes as part of a strategic shift within the company, impacting the department responsible for managing SBA loans. The layoffs are effective immediately, reflecting the company's ongoing adjustments to its operational focus. Huntington's move highlights the challenges faced in the banking sector, particularly in specialized lending areas. The closure of the SBA program signifies a significant change in the company's service offerings.
Huntington Bancshares Incorporated cut 52 jobs affecting its SBA Program team as of October 1, 2023.
That is roughly 0.3% of the 19,896 people Huntington Bancshares Incorporated employs.
LayoffTalk has tracked 4 layoff events at Huntington Bancshares Incorporated since October 2023, affecting a combined 178 employees.
Anonymous by default. Be kind — people reading this may be going through it right now.
Huntington Bancshares Incorporated cut 52 jobs on October 1, 2023. Were you affected, or do you know people who were? How was it handled — severance, notice, which teams? You can post anonymously below.
Share your story anonymously — it helps others reading this feel less alone.
Share your story →Recent tracked events at this company.