Location: Newark, New Jersey, USA.
Based on news reporting.
Prudential Financial, Inc. has announced layoffs affecting approximately 800 employees as part of its response to a $1 billion global misconduct and sales ban crisis. The layoffs are part of a broader restructuring effort aimed at addressing the company's financial challenges and compliance issues. The affected employees are primarily based in Newark, New Jersey. This decision comes as Prudential seeks to stabilize its operations and regain trust following significant regulatory scrutiny. The company has not specified the exact departments impacted by these layoffs, but it indicates a significant shift in its workforce strategy.
Prudential Financial, Inc. cut 800 jobs as of October 1, 2023.
That is roughly 2% of the 40,366 people Prudential Financial, Inc. employs.
LayoffTalk has tracked 15 layoff events at Prudential Financial, Inc. since October 2023, affecting a combined 2,392 employees.
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