Fifth Third Bancorp is implementing further workforce reductions following its acquisition of Comerica Bank. The bank will eliminate 234 positions at a former Comerica operations center. This latest action brings the total number of job cuts in Michigan to over 700. These layoffs are part of the ongoing restructuring efforts after the significant merger. The company is streamlining operations to integrate the acquired entity.
Auburn Hills, Michigan
https://www.crainsdetroit.com/banking-finance/cdb-fifth-third-layoffs-20260722/