AM I NEXT? NO LOVE AT FIFTH THIRD BANK

Cincinnati, Ohio-based Fifth Third Bancorp, a regional bank holding company, has announced additional post-merger workforce reductions following its $10.9 billion acquisition of Comerica Bank.

The personnel realignment will affect 234 employees located at the former Dallas, Texas-based Comerica Bank operations center in Auburn Hills, Michigan. Layoffs are scheduled to be completed by September 11, 2026. This follows the May 2026 announcement that the bank would be laying off 502 employees at the former Comerica Bank corporate office in Farmington Hills, Michigan.

According to a company spokesperson, “We consistently review our operations to ensure we’re organized for long‑term growth and sustainable profitability. That means aligning staffing with future business needs and creating meaningful opportunities for our teammates in the process. Decisions like these are never easy but position us to deliver more value for our customers, communities, and shareholders. We’re committed to treating every impacted colleague with respect and providing support throughout the transition.”

Change is constant, and it's coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life, nor promises of a bright future. We see good people being laid off through no fault of their own. Just because something terrible hasn't happened yet doesn't mean it won't. It can happen to anyone, at any time, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT BILL.COM

San Jose, California-based Bill.com, a platform provider of automated, cloud-based software for bill presentment and payment, has announced a 30% reduction in force to improve profitability following stock declines.

The phased reduction impacts 129 employees, mainly in software engineering and product management teams, at the company's San Jose headquarters.

According to CEO René Lacerte, "The restructuring is aimed at improving profitability and positioning the firm to operate more effectively and efficiently in an AI-first world. We’re evolving our leadership team and organizational structure to align with our highest priorities and position BILL for the future.”

Change is constant, and it's coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life, nor promises of a bright future. We see good people being laid off through no fault of their own. Just because something terrible hasn't happened yet doesn't mean it won't. It can happen to anyone, at any time, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT ROBINHOOD MARKETS

Menlo Park, California-based Robinhood Markets, a financial services company specializing in commission-free trading of stocks, exchange-traded funds, and cryptocurrencies via its mobile app, has announced a major reduction in force, laying off approximately 10% of its workforce.

The reduction in force will impact approximately 290 workers.

According to CEO Vlad Tenev...

Robinhoodies,

We’ve made the difficult decision to say goodbye to some of our team members today. Those departing are being notified, and we’re offering them full support through this transition, including severance. These are good people who helped build the foundation we stand on today, and I am deeply grateful for their contributions to Robinhood.

I want to be transparent about why this is happening now. Robinhood’s business has never been stronger. But to achieve the massive scale of our mission, we cannot default to operating as a heavily-layered organization. We must be a lean, hyper-focused team where every single individual is empowered to make a massive impact. Our execution is strong today, but our ambitions require us to continuously raise our own bar. To achieve that, today we are flattening our org structure and reducing our overall team size by 10% of headcount.

Because our financial position is strong, we are making this change proactively. The goal is to maximize our talent density and ensure that our culture is defined by an absolute elite performance bar and a superlative commitment to our customers. This transition creates even more opportunities for our most talented people to grow and take on greater responsibility. We will also continue hiring strategically, investing heavily in top-tier talent, and utilizing frontier technologies to push our execution even further.

I know it can be painful to say goodbye to teammates. It is the hardest consequence of committing uncompromisingly to our values of being “'Lean & Disciplined'” and demanding “'High Performance.'”

Change is constant, and it's coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life, nor promises of a bright future. We see good people being laid off through no fault of their own. Just because something terrible hasn't happened yet doesn't mean it won't. It can happen to anyone, at any time, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?