Wescom Financial will lay off 71 employees across multiple California locations starting April 21, according to Worker Adjustment and Retraining Notification Act filings.
Last May, Wescom Financial Wealth Management transitioned its broker-dealer and clearing firm to LPL Financial.
The credit union, headquartered in Pasadena, California, has 30 branches, more than $6 billion in assets and serves 250,000 members.
The layoffs include 40 positions in Anaheim and 15 in Pasadena, where Wescom is based. Eighteen locations in all are losing at least one employee, according to the WARN filings.
Credit: Skyelar/Adobe Stock
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