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LPL Financial cuts 72 jobs in San Diego

LPL Financial announced plans to lay off 72 employees. The financial services company is headquartered in San Diego. Most affected workers will remain employed until April 17, with some through May 1. Many eliminated positions are in middle and upper management. The company previously conducted layoffs last summer.

https://www.sandiegouniontribune.com/2026/02/19/lpl-financial-announces-layoffs-at-san-diego-office/


Strange AI thought process

There’s a growing misconception that AI "does the entire work. employees are sitting and watching". In reality, AI is helper not full-performer. Still lots of development requires human efforts. Management is pushing towards AI. The problem is once work is done, you will be first one to be thrown out.


The new shiny object effect

Every new manager believes that the only way to show impact is to “start from scratch”. Most of the time they just repeat old mistakes but because they are surrounded by their newly minted hires, no one is there to tell them we tried this 15 years ago and arrived at the same conclusion so you might want to do this and that. This is so painful to watch at times. Forcing out experienced hires to make space for “cheaper” brand new hires only to relish old mistakes and call it new learnings. Not sure if business continuity is any better at Exxon, Shell, and others. And by the way those old mistakes can be very costly.


Separated and still have my laptop. What now?

Last day was 12/19. Completed the separation checklist. Almost.
Turned in concession devices, ID, etc. Except my laptop.
I submitted a request for a box, never arrived. Sent a text to my last manager, they said they would submit another request. That was 6 weeks ago. Still no box, still have this useless junk.
Is this going to affect payment of the 2025 STI?
What do I do with this thing?


When will they learn

How can anyone in management not see how this place is being ran from the top down. If the shareholders are so smart why can they see past the dollar signs. The funny math when it comes to work forces is not working. The pressure test has failed. Time to hire and replace some people. To much work for the rest of the people still here


What union titles will be eliminated this contract

Theres a ton of union titles that still exist. In past company has just surplussed those titles to bare minimums. Example coin collectors, storekeepers. Besides outside linemen do we really need inside techs? Central Office techs literally change cards and replace fibers. The trouble shooting is done by management and when a device needs replacement a CO tech does the physical work that takes 5 minutes.


CEO Raise while staff cut

What a real win for Jane. Citibank cuts staff for raises to the top executives. No one knows including the entire department. You just vanish after 10 years and they say nothing. While Jane received a $41 million dollar pay day.

I certainly let go of all my 200+ shares in the company. This is not progress or innovation this is pure theft. I see top executives are selling very quickly. To the management shame on you!

You couldn’t even give a hint of notice saying anything. Not even a 60 day notice prior to letting us go. A tap on the shoulder and say hey you’re going to be laid off after a decade of work. When the stock falls to nothing no one will be shocked.


Management isn't telling their teams anything

Got RIF'd, 60 day garden leave, standard 2 weeks for every year, blah blah blah. I have (former lol) coworkers calling me asking me where I am, asking if I can help with X or Y when I'm "back from vacation." Seems like management isn't telling their teams anything about the sudden voids in the roster.


When is the checked out Mgmt going to get the axe?

There might be pockets of difference, but for the Dir level and up in sales, the zombie apocalypse is in full form. Pete is a super smart and nice guy, but underneath him, and I don’t think he knows, there are so many checked out Mgrs. I am talking all time high #s of Mgrs that are checked out.


What are the 2nd, 3rd, 4th skip level managers doing all day?

Are they only on meeting surveillance and maybe PowerPoint deck duty? I've never seen them do anything more than be surveillance on Teams meetings, and fly into other offices to be surveillance in person. Why do we need so many levels of surveillance? Can someone observe their teams and find out if they are doing something more than just sitting there?


Russia charge

Can we hope to finally see those MDs who made the poor decisions to expose the company to the risk around Russia (a country on the US-sanction list since 2014 and its illegal invasion so hardly a case of "how could we have known?") finally held accountable for their poor decision-making?
There are Ds and MDs in my area who recruited 100s in Russia and completely messed up our org in the process. Despite showing shockingly poor judgement and poor management skills they are still at Citi.


Humana Digital

How did people get exec roles in Humana Digital yet have no leadership, experience, accountability or vision/plan to deliver Humana Digital products or create a solid organization to deliver / support? They must have been great talkers during interviews - but the Board and C-Suite need to bring in leaders for Digital! Who is in place there now are awful - what were you thinking??


Run from Humana

Humana has no leadership - they do have lots and lots of layers of useful management, just no leadership! They have no vision or plan at all - hence, can't put together a strategy. It cracks me up that they keep hiring upper management but continue to let go of the people who actually do work.

I could never recommend anyone take a job at Humana, nor would I recommend anyone be a customer. They have very few execs / managers that can deliver! Those that cared about the company and its customers are being let go. They are told they complain but in reality they are bringing up real problems and issues that if not addressed will have huge negative impact. The execs / managers don't complain because someone will then say "what are you going to do about that" and they will have no response since they let go of anyone with ideas or that cared!


My manager informed me to be prepared for tomorrow

After several hours of trying to figure out my situation, and finding this site, I decided to post here.

My manager informed me that I would be meeting with his manager on Wednesday to be informed that I will be let go due to the shift to India. He said there was several staff in this small team that would be let go. I'm still reeling from this. I know the writing has been on the wall since Mike's announcement, but it hit super hard today.

I don't have a meeting scheduled with this person for tomorrow, and don't have a good relationship with this director. He is an a-s. However, all my reviews are very positive. How can this happen ?

I guess my manager has trust in me and it is not in his control, but WTF, my reviews are excellent, and the India team has no clue what I do as there is no principal engineers.


How can managers track if and when we are in the office?

I just got assigned a new manager. He is based in a different location to me, as are almost all of the team. He only comes to my office once a month.

Me and one colleague are the only ones out of the 16 team members based in our location, and we both prefer to work from home, and perform much better. This new manager being in a different location seems like a great opportunity... Can I just lie about being in the office? Can he track key card swipes, or WiFi logins to see how many days per week I go in?

I know this info is logged, but does direct managers have access to that information? I'm wondering if maybe some gdpr data protection would prohibit them from being able to casually keep track of office attendance?

Are my dreams doomed?


All the issues we are dealing with just don't matter....

Lets be real here. Customers use bank services. These services seem simple to the customers. And in fact, are a tiny part of what goes on behind the scenes. I say this to remind everyone (if needed) that all the BS, discrimination, unfair dealings, crooked management, outsourcing, d-mb RTO rules, etc. - don't matter. They don't matter if the customer is unaffected. Its all under the rug so to speak. Until things get so bad that bank services are impacted, John Q. Public is oblivious and it all doesn't matter. Except to us. And it is continually ground into our psyche as the bus runs us over again and again. Stay at WF long enough, and one could easily be damaged goods emotionally. It really is that bad.
Thanks chainsaw, you've really done a number on WF. You have made a "difference". Now can you move on, please?


The two way street

All you hear is “there’s a storm a comin”, whatever. What most managers don’t realize or don’t care to realize is that for now things are slanted one way…..for now.
There is a storm coming, yeah, I get it, layoffs.

After the dust settles, there’s another story to tell coming from the employees. Things will be slanted the other way.


When it all changed

The consolidation of the offices to the hubs. ECS and future state. The loss of jurisdictional expertise from the regional offices to the hub and an SCP manual. You lost touch with what made you number 1- no customer cares about your metrics, they want confident knowledgeable guidance and you’re not giving that anymore, especially when management doesn’t even know the job and just focused on your idle time and how many cause of loss you closed. When you stop putting the customer first and worry about the things they never see or know, you lose touch with the actual mission. You cannot separate yourself by being like everyone else


Belk struggling to find quality store managers

Belk has resorted to hiring managers with no real skills or management power, it seems like they regurgitate what is said in emails or conference calls yet make no effort to follow up on any issues in the store. Many employees have complained that their store managers are lacking skills, knowledge, and motivation to successfully run their store, some sales team managers, merch team managers, leads, and key holders have voiced concern that they are the ones running the stores, yet the store manager is taking credit and being compensated for their hard work. The question is who is hiring these ineffective store managers ? and why? It’s of great concern when the leads, associates, and floor managers care more and know more about their store than the actual store manager.


JE decision

If there’s a manager, or HR… or whoever that knows this please, who is making the decision of who is eliminated from their team? Does this come randomly by HR or does manager have a say on who leaves?