Commonwealth has recently implemented layoffs affecting its home office staff. These workforce reductions are occurring in anticipation of the company's conversion to LPL. Affected employees are expected to remain in their positions through the end of 2026. The article does not specify the exact number of employees impacted by these layoffs. Further details regarding the conversion process are also not provided.
https://citywire.com/pro-buyer/news/exclusive-commonwealth-lays-off-home-office-staffers-ahead-of-lpl-conversion/a2494349