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UPCOMING · ESTIMATEDPublished Jun 10, 2026

Principal Financial Group Plans 168 Layoffs in New Jersey Following Acquisition

EMPLOYEES AFFECTED
168
SHARE OF WORKFORCE
~0.8%
PLANNED DATE
Not disclosed
168 OF 19,800 EMPLOYEES

What we know

Location: New Jersey, USA.

A specific layoff date has not been disclosed.

Based on news reporting.

Summary

Principal Financial Group, Inc. has announced plans to lay off 168 employees in New Jersey as part of a restructuring following a significant acquisition. The layoffs are part of a broader strategy to integrate operations and streamline the workforce. While the exact timeline for these layoffs has not been specified, the company is taking steps to adjust its workforce in light of recent changes. This decision reflects the ongoing adjustments in the financial sector as companies adapt to new market conditions and operational needs.

Principal Financial Group, Inc. cut 168 jobs.

That is roughly 0.8% of the 19,800 people Principal Financial Group, Inc. employs.

Comments (1)

Anonymous by default. Be kind — people reading this may be going through it right now.

LTLayoffTalk StaffStaff21 hours ago

Principal Financial Group, Inc. has announced planned job cuts affecting 168 employees. Were you notified, or are you still waiting to hear? What is leadership telling employees? You can post anonymously below.

SOURCE
News reporting
View original source ↗

Estimated figure based on news reporting. Not yet confirmed by Principal Financial Group, Inc..

P
Principal Financial Group, Inc.PFG
Financial Services · 19,800 employees
1
EVENTS TRACKED
168
TOTAL AFFECTED
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CREATED JUN 10, 2026LAST UPDATED JUN 10, 2026