PNC To Cut 18% of FirstBank Staff in Lakewood

Lakewood’s Economic Development Office said it is working with state and county partners to provide rapid response services for employees who could be affected by potential layoffs related to a WARN notice filed by PNC/FirstBank.

The office said it has been in direct communication with PNC/FirstBank to better understand workforce needs and to offer support resources for jobseekers. Lakewood said PNC/FirstBank has been headquartered in Lakewood for more than 60 years and employs about 4,326 people in the state as of 2025. As many as 777 employees, or 18% of the bank’s Lakewood staff, will lose their jobs as part of PNC’s restructuring effort, according to multiple sources.

The city said it plans to work with PNC/FirstBank, a primary employer in Lakewood, to help affected employees access tools, services, and opportunities during the transition.

Why this is newsworthy: The city’s coordination effort addresses potential job impacts from a WARN notice, which can affect thousands of workers and local employment conditions.

Primary source: Press Release