Columbus-based Bread Financial laying off 500 employees [Yahoo! Finance]
Bread Financial Holdings, Inc. (BFH)
Company Research
Source: Yahoo! Finance
Bread Financial, headquartered at 3085 Loyalty Circle, confirmed Wednesday afternoon that the move was a part of outsourcing work. While the total workers affected include 500 nationwide, a representative noted around 130 employees in-state will lose their jobs. “We have made the difficult but necessary decision to transition more of our customer service roles to existing global customer servicing partners,” said Rachel Stultz, senior director of corporate affairs for Bread. “Bread Financial's business is strong, and this decision was made to ensure we can continue to successfully and efficiently meet the demands of our evolving business and customer preferences.” Stultz added that the employees losing their jobs would receive an offer of severance pay, as well as “outplacement support.” Ohio's WARN Act legally requires businesses to give public, advance notice at least 60 days before plant closures or mass layoffs. However, that only becomes mandatory when the percentage of empl
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BFH
News
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BFH
Earnings
- 10/24/24 - Miss
BFH
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form 8-K
- 10/31/24 - Form 10-Q
- BFH's page on the SEC website