This is a generic discussion thread to capture comments about potential M&T Bank layoffs? Any chatter, news or rumors?
20 replies (most recent on top)
@1dd3 is the severance at least two weeks per year worked?
None
M&T has systematically put employees in a position to fail. Been going on for two years now. Various support has been diminished to exhaust others. It has been specific and selective. High salary high experienced people put in in a lose/ lose position hoping they leave on their own accord. Many have left and are not categorized as layoffs. No package. They are driving sales and revenue with fee increases while cutting everywhere possible. Are they hoping to sell the company based on unsustainable numbers before a collapse due to diminished service and loss of essential personnel ? That is the question.
M&T Bank trims an undisclosed number of jobs
M&T Bank confirmed a small number of staffing adjustments but did not disclose totals or local impact in Western New York. Hiring continues for hundreds of roles across its footprint.
Regional financial sector employment has fluctuated, with other recent changes including layoffs tied to bank mergers and manufacturing wind downs, alongside new investment in a technical center by Sumitomo in Getzville.
- Companies and locations: M&T Bank - Buffalo NY, NBT Bank - Evans Bank - Amherst NY, Sumitomo Rubber - Tonawanda NY and Getzville NY
https://buffalonews.com/news/local/business/article_d2dd5c1b-48b4-4006-bbf4-c6ee44c505e0.html
@1dck yes. Fairly generous I’ve heard.
@1c4j Are they at least giving packages?
Many people in tech got laid off yesterday
@1d85 know someone too that just got laid off
M&T Bank Tech layoffs today. Across the board in technology. 4 of my colleagues impacted.
@1c4j they were the lucky ones. Tons of people demoted as they merge underwriting and portfolio management. Bonuses getting paid at the new comp level.
New head of credit is a maniac who surrounded himself with friends from his old bank
29 layoffs in commercial credit sept 2025
Commercial credit getting hammered next week.
My husband was just laid off July 2025. His position which was previously in Bridgeport switched to was 100% remote when M&T took over from People’s Bank. He is 65 so too soon for him to consider retiring.
Chatter about shortening call center hours for those employees and outsourcing to a company from India.
Their doing layoffs in back office starting in July departments include risk, special assets group, audit and portfolio management.
they are laying people off but only in small numbers to make it look like better. also the job postings could just be fake. you never know until you see the employee count.
If they are laying off, why are they hiring so much?
They're doing them in small groups to limit the optics of a large layoff. My entire team was let go.
The Banking sector will have mass layoffs in 2025. Mortgage servicing will take the biggest hit. No one can afford a house loan and expect the sub servicing contracts to end and not be renewed. Eventually, the portfolios will susnset.
yes they changing staffing needs so there will be alot of layoffs the next year