Pnc Layoffs October 2025. The move is expected to reduce the company’s 2024 expenses by $325 million at a time when it is focused on expense management, “particularly in the current environment,” pnc financial group. In the beginning of the year, the firm set a target to cut $400 million in expenses by the end of 2023.

The bank said the layoffs started on oct. Pnc financial services group inc.