News Formal

PNC reportedly cutting jobs but company remains mum on the number of people affected

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

Steve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.

PNC Financial Services Group Inc. PNC, +1.12% is reducing its staffing levels but it has yet to provide a specific number of people to be affected by the action, according to reports.

The Pittsburgh-based lender with about 60,000 employees said in a statement reported by at least two news outlets that it’s reviewing its organizational structure including a shift away from work not fully aligned to its strategic priorities. The moves will include staff level reductions. A spokesperson from the bank did not immediately reply to an email from MarketWatch. PNC’s stock was up 1.4% in recent trading.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ally Financial Chief Executive Jeffrey J. Brown to leave company in January or possibly soonerSteve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
Source: MarketWatch - 🏆 3. / 97 Read more »