Finance & Insurance Layoffs in Michigan
Tracking 92 finance & insurance WARN Act layoff notices affecting 11,572 workers in Michigan. Data from official state workforce agency filings, updated daily.
92
Total Notices
11,572
Workers Affected
15
Cities
15
Companies
Top Companies — Finance & Insurance Layoffs in Michigan
| Company | Notices | Workers Affected |
|---|---|---|
| Flagstar Bank | 6 | 973 |
| Old Kent Financial | 6 | 955 |
| Abn Amro | 5 | 939 |
| Blue Care Network | 4 | 200 |
| MB Financial Bank | 3 | 494 |
| Michigan National Bank | 3 | 1,256 |
| Home Point Financial | 2 | 330 |
| Asset Acceptance | 2 | 198 |
| JPMorgan Chase | 2 | 648 |
| Allstate | 2 | 56 |
| Citizens Bank | 2 | 58 |
| GMAC ResCap | 2 | 126 |
| Bank of America | 2 | 439 |
| Citizens Banking | 2 | 44 |
| Standard Federal Bank | 2 | 75 |
Finance & Insurance Layoffs by City in Michigan
| City | Notices | Workers Affected |
|---|---|---|
| Troy | 20 | 3,017 |
| Farmington Hills | 8 | 1,881 |
| Ann Arbor | 8 | 1,441 |
| Grand Rapids | 6 | 733 |
| Detroit | 4 | 332 |
| Flint | 4 | 271 |
| Lansing | 3 | 290 |
| Saginaw | 3 | 178 |
| Portage | 2 | 118 |
| Madison Heights | 2 | 214 |
| Southfield | 2 | 432 |
| Warren | 2 | 198 |
| Livonia | 2 | 416 |
| Novi | 2 | 150 |
| Kentwood | 2 | 433 |
Latest Finance & Insurance Layoff Notices in Michigan
| Company | City | Employees | Type | Notice Date |
|---|---|---|---|---|
| Mercedes - Benz Financial Services USA | Farmington Hills | 265 | Closure | 2025-12-31 |
| Flagstar Bank | Troy | 12 | Layoff | 2025-04-30 |
| Flagstar Bank | Troy | 40 | Layoff | 2025-04-09 |
| Flagstar Bank | Troy | 424 | Layoff | 2025-02-21 |
| Flagstar Bank | Troy | 113 | Layoff | 2024-08-30 |
| Flagstar Bank | Jackson | 60 | Layoff | 2024-06-12 |
| First Savings Bank | Jeffersonville | 18 | Layoff | 2023-10-02 |
| Home Point Financial | Ann Arbor | 113 | Layoff | 2023-04-11 |
| Rapid Financial Services | Detroit | 51 | Layoff | 2023-03-24 |
| Amerifirst Mortgage | Portage | 59 | Layoff | 2022-12-15 |
| Amerifirst Home Mortgage | Portage | 59 | - | 2022-12-14 |
| Home Point Financial | Ann Arbor | 217 | - | 2022-11-17 |
| HomePoint Financial | Ann Arbor | 113 | - | 2022-11-17 |
| Homepoint | Ann Arbor | 217 | Layoff | 2022-08-31 |
| Great Lakes Specialty Finance | Troy | 62 | Layoff | 2020-05-05 |
| Fifth Third Bank | Ann Arbor | 87 | Layoff | 2019-03-22 |
| Monroe Bank & Trust | Monroe | 93 | Layoff | 2019-02-04 |
| LenderLive | Madison Heights | 56 | Closure | 2018-09-19 |
| MB Financial Bank | Farmington Hills | 25 | Closure | 2018-04-26 |
| MB Financial Bank | Milford | 63 | Closure | 2018-04-26 |
Frequently Asked Questions
How many finance & insurance layoffs have occurred in Michigan?
There have been 92 finance & insurance WARN Act layoff notices in Michigan, affecting 11,572 workers.
Which finance & insurance companies have had the most layoffs in Michigan?
The top companies are: Flagstar Bank, Old Kent Financial, Abn Amro, Blue Care Network, MB Financial Bank.
What cities in Michigan have the most finance & insurance layoffs?
The most affected cities are: Troy, Farmington Hills, Ann Arbor, Grand Rapids, Detroit.
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