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Lending Club Layoffs

Industry Finance · Location SF Bay Area · United States · Subscribe (RSS)

3
Layoff rounds
857
Employees laid off
Post-IPO
Funding stage
$392M
Total raised

Lending Club has 3 publicly reported layoff rounds on record between April 21, 2020 and October 12, 2023. A total of about 857 employees were affected across these rounds.

Layoff history

October 12, 2023
Lending Club cut 172 employees (14% of staff)
172 laid off 14% of workforce Location SF Bay Area

Lending Club disclosed a workforce reduction affecting its SF Bay Area operations in October 12, 2023. Approximately 172 roles were eliminated.

Source: bloomberg.com

January 12, 2023
Lending Club cut 225 employees (14% of staff)
225 laid off 14% of workforce Location SF Bay Area

Lending Club disclosed a workforce reduction affecting its SF Bay Area operations in January 12, 2023. Approximately 225 roles were eliminated.

Source: bloomberg.com

April 21, 2020
Lending Club cut 460 employees (30% of staff)
460 laid off 30% of workforce Location SF Bay Area

Lending Club disclosed a workforce reduction affecting its SF Bay Area operations in April 21, 2020. Approximately 460 roles were eliminated.

Source: cnbc.com

Data for Lending Club is compiled from public WARN Act filings and reporting linked above. See our methodology.