LPL Financial layoffs, on the record
Every job cut, severance charge and restructuring LPL Financial reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 8,400 to approximately 10,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 8,400 | December 31, 2023 |
| 10-K for 2024 | approximately 9,000 | As of December 31, 2024 |
| 10-K for 2025 | approximately 10,000 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe filing mentions a clawback of stock options and restricted stock units from the former CEO after his termination for Cause, but reports no layoff, workforce reduction or severance program for employees.
Word for word“The Company recognized $ 23.8 million of other income, with an offset to additional paid-in capital, during the three months ended December 31, 2024 relating to the clawback of restricted stock units of the Company’s former CEO’s in connection with his termination for “Cause” as defined in the Company’s Executive Severance Plan, the 2010 Plan, and the 2021 Plan.” 10-K for 2024
| Fiscal year ended | Restructuring charges |
|---|---|
| 2016-12-31 | $0 |
| 2017-12-31 | $0 |
LPL Financial has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from LPL Financial’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-23. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.