Fifth Third Bancorp is set to lay off an additional 54 Comerica employees at its Frisco office, following its $10.9 billion acquisition of Comerica. These new layoffs will occur in two phases from April to May, and come after an earlier downsizing announced by Comerica in January. Fifth Third states these actions are to optimize organizational structure and align staffing with future business needs, further impacting the Dallas area after AT&T’s recent headquarters relocation.
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More Comerica employees to be laid off following Fifth Third merger
Fifth Third Bancorp is set to lay off an additional 54 Comerica employees at its Frisco office, following its $10.9 billion acquisition of Comerica. These new layoffs will occur in two phases from April to May, and come after an earlier downsizing announced by Comerica in January. Fifth Third states these actions are to optimize organizational structure and align staffing with future business needs, further impacting the Dallas area after AT&T’s recent headquarters relocation.