Location: Newark, New Jersey, USA.
Based on news reporting.
Prudential Financial, Inc. has laid off approximately 300 employees as part of a restructuring effort following a $1 billion global misconduct and sales ban disaster. The layoffs occurred in Newark, New Jersey, and are part of the company's response to significant operational challenges. This decision reflects Prudential's ongoing efforts to streamline operations and address the fallout from recent controversies. The company has not specified the departments affected by these job cuts, but the layoffs are indicative of broader issues the firm is facing in the current market environment.
Prudential Financial, Inc. cut 300 jobs as of October 1, 2023.
That is roughly 0.7% 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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