Regions’ layoffs in Alabama to impact Birmingham, Montgomery hardest

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Regions financial

Regions Financial Corp. has released the full breakdown of its layoffs in Alabama.

In January, Regions announced it would be laying off 260 employees across its 16-state footprint – about 1 percent of total employees – as part of a cost-cutting measure. AL.com previously reported that 107 of those layoffs, or about 40 percent, would affect Alabama.

Here’s the full breakdown of those positions:

  • Auburn – 1
  • Birmingham area – 86
  • Centre – 1
  • Dothan – 2
  • Florence – 1
  • Gulf Shores – 1
  • Huntsville area – 2
  • Mobile area – 2
  • Montgomery area – 10
  • Tuscaloosa – 1

All of the cuts will be made in the first quarter. Regions employs almost 8,900 people in Alabama and 24,000 nationwide.

Regions is offering severance packages and career assistance to affected employees.

Regions is still filling customer-facing positions, and has about 120 openings in Alabama, Regions spokesman Jeremy King told AL.com last week.

Republished with permission of the Associated Press.

2 COMMENTS

  1. They could reduce their upper level bonuses by 10% and not have lay off a soul.

    You won’t EVER see that, though.

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