News Summary
Broadridge Financial Solutions has announced plans to lay off 72 employees at its Kansas City, Missouri office as part of a consolidation strategy. The layoffs will begin on June 20, 2025, leaving many workers uncertain about their future. Broadridge has committed to offering support through separation benefits, including outplacement services. This marks a significant turn for the company, which may face additional layoffs later this year. The ongoing job cuts highlight broader concerns about employment stability in the region.
Kansas City Facing Job Cuts as Broadridge Financial Solutions Announces Layoffs
In a significant announcement that has left many residents concerned, Broadridge Financial Solutions has confirmed plans to lay off 72 workers at its Kansas City, Missouri location. This difficult decision comes as part of the company’s plan to close its office situated at 2600 Southwest Boulevard.
Timeline and Reasons Behind the Layoffs
The layoffs are scheduled to commence on June 20, 2025, a date that will mark the beginning of an uncertain period for many employees who have dedicated their time and effort to the company. Earlier this year, in January 2025, Broadridge had already hinted at the potential shuttering of its Kansas City operations due to a process of consolidation aimed at enhancing efficiency and streamlining their services.
A Permanent Goodbye
This layoff is not just a temporary setback; it has been described as a permanent reduction of workforce, leaving employees to face the sobering reality of job loss. All of those affected by this decision have already been notified, providing them with essential information about the upcoming changes.
Support for Affected Employees
In an effort to ease the transition, Broadridge has outlined a plan to offer separation benefits to those impacted. Employees will receive necessary support, which includes outplacement services to help them find new job opportunities, alongside severance pay, making this challenging phase a little more manageable.
What Lies Ahead for Broadridge
This marks the first significant round of layoffs for Broadridge Financial Solutions in 2025, but unfortunately, the news doesn’t stop there. A spokesperson has indicated that more layoffs are expected to occur between June and December of this year, potentially impacting around 241 associates as well as 30 contingent workers. Each of these employees will receive a minimum of a 60-day notice prior to their final employment date, giving them a bit of a cushion during this tough time.
Relocation Opportunities Available
For those employees who are willing and qualified, Broadridge is offering relocation opportunities to other company locations. While it’s a tough situation, having the option to move might provide some hope for those looking to continue their career with the company.
Historical Context and BBB Rating
It’s worthwhile to note that Broadridge has a long history in the state, having laid off a total of 80,136 employees in Missouri since 1988. This brings the average layoffs to approximately 2,165 annually, marking a challenging trend in employment stability for the region.
Furthermore, the company has been rated with an F rating by the Better Business Bureau, which adds another layer of concern for current and potential employees regarding the company’s standing in the competitive financial solutions sector.
Broadridge’s Operations Across the Country
Broadridge operates multiple locations across the United States, totaling 16 offices beyond its headquarters, along with numerous international sites. The company is focused on enhancing the financial services industry, dealing with crucial aspects such as investing, governance, and communication.
As the news unfolds, Kansas City residents and employees of Broadridge will be keeping a close eye on how these changes will affect both the local workforce and the broader economic landscape. With the job market already facing challenges, the impact of these layoffs can be felt deeply within the community.
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Additional Resources
- KMBC: Broadridge Closing Kansas City Office
- Wikipedia: Kansas City
- Fortune: Kansas City Federal Workers Job Cuts
- Google Search: Kansas City job cuts
- Fox 4 KC: Financial Services Company Layoffs
- Google Scholar: Broadridge Financial Solutions
- CNN: Kansas City Government Layoffs
- Encyclopedia Britannica: Economy of Missouri
- KCTV5: KCATA Route Cuts Layoffs
- Google News: Kansas City Broadridge layoffs
Author: STAFF HERE KANSAS CITY WRITER
The KANSAS CITY STAFF WRITER represents the experienced team at HEREKansasCity.com, your go-to source for actionable local news and information in Kansas City, Jackson County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as American Royal World Series of Barbecue, Dia De Los Muertos, and Planet Anime Kansas City. Our coverage extends to key organizations like the Greater Kansas City Chamber of Commerce and United Way of Greater Kansas City, plus leading businesses in healthcare, finance, and entertainment that power the local economy such as Children's Mercy Hospital, Government Employees Health Association, and AMC Entertainment. As part of the broader HERE network, including HEREStLouis.com, we provide comprehensive, credible insights into Missouri's dynamic landscape.
