Regions to lay off 260 employees - KAIT Jonesboro, AR - Region 8 News, weather, sports

Regions to lay off 260 employees

JONESBORO, AR (KAIT) -

Regions Financial Corp. of Birmingham, AL, announced Tuesday it will lay off 260 employees during the first quarter of 2016.

The St. Louis Business Journal reports the cuts will come from a variety of positions and markets across Regions’ “16-state footprint,” which includes Arkansas and Missouri.

The company has not revealed a “breakdown of the cuts and which markets will be most impacted,” the article stated.

“Regions said it is making the cuts as part of an effort to improve efficiency and restructure the company’s expense base,” according to the article.

The company plans to offer career counseling assistance and severance to those affected by the cuts.

Regions has several branches located throughout Region 8. No word on if they will be affected by the layoffs.

Copyright 2016 KAIT. All rights reserved.

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