Thread regarding Prudential layoffs

Prudential Retirement

Any reactions to the Bloomberg article today? https://www.bnnbloomberg.ca/prudential-financial-weighs-sale-of-its-retirement-arm-1.1589881

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| 1657 views | | 6 replies (last )
Post ID: @OP+1amZaGyH

6 replies (most recent on top)

Just because they are still posting jobs, that doesn’t mean it is a rumor. The work still needs to get done regardless, even if it’s for a short period of time.

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Post ID: @2bgo+1amZaGyH

They're still posting retirement jobs so maybe just a rumor?

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Post ID: @2qev+1amZaGyH

Another example of good old Charlie "if you can't succeed, stop trying."

Selling full service will come back to bite us. With all the changes this company is going through, within three years we'll no longer be 'the rock,' but more like 'the pebble.'

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Post ID: @2xyv+1amZaGyH

Probably a McKinsey recommendation so Pru can pay them millions in “fees”

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Post ID: @1mgg+1amZaGyH

I wonder if another company will buy it. So many companies have sold their Retirement businesses in the past decade. Will PRU get a good deal, or will they have to settle for less?

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Post ID: @1qib+1amZaGyH

From a business standpoint, selling the Retirement business makes good sense.

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Post ID: @wdc+1amZaGyH

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