Thread regarding LPL Financial Holdings Inc. layoffs

Layoffs on Feb 12

Rumors have been going around for months that layoffs we’re happening in February and sure enough, got the email after hours from my manager’s manager of a meeting first thing tomorrow morning.


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Post ID: @OP+1kh86qhgv

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Got laid off 13 hours ago as well. Same way as others mentioned. Skip invites HR and she read a script. Got to know my manager who is a VP was part of the layoffs as well. I wish whoever takes the decision tries to find how cr-ppy the application is for their unrealistic deadlines.

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Post ID: @ep+1kh86qhgv

@OP layed off as an AVP

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Post ID: @e0+1kh86qhgv

Good amount of VPs got let go on the tech side

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Post ID: @dz+1kh86qhgv

@cv Mostly tech teams, incl. tech side of advisor experience

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Post ID: @dk+1kh86qhgv

@c2 same here. Manager was notified this morning couple hours before my meeting. Talk about being just a number - and reading off the legal script.

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Post ID: @dj+1kh86qhgv

Starting to see on LinkedIn and seeing some people that have been affected. I know one from human resources.

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Post ID: @dh+1kh86qhgv

Got let go today. LPLE Supervision.

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Post ID: @dg+1kh86qhgv

Do we know which departments have been impacted? If you know please post!

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Post ID: @cv+1kh86qhgv

@c2 They don’t give a sh-t. Everybody is just a number on a spreadsheet

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Post ID: @ct+1kh86qhgv

Yep, same here. got the meeting invite from a "skip-skip" manager. This person read off a script, didn't have any emotion (don't think they cared). Notified today and computer will be turned off EOD (2/12)
We had zero indication and my direct manager had no idea this was going to happen. (hard for me to believe that but I take this person at their word).
Plus I'm a 'meets expectations' employee so it wasn't performance based. I'm thinking it was a seniority based thing.

You would hope your manager and one up would have the common decency to reach out.

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Post ID: @c2+1kh86qhgv

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