LendingTree division cutting 200 jobs in Jacksonville

Ovation Credit Services Inc. told the state it will start with a layoff of 123 positions in June.

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  • | 5:14 p.m. April 12, 2023
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Ovation Credit Services Inc., a division of LendingTree Inc., filed a notice with state officials saying it will close its Jacksonville facility in the next few months, putting 200 people out of work.

The company’s letter sent April 6 under the Worker Adjustment and Retraining Notification Act did not give a reason for the closure.

However, LendingTree said in a March 24 Securities and Exchange Commission filing it was planning to cut 13% of its employees as part of a workforce reduction plan.

The Charlotte-based company, which describes itself as an online financial services marketplace, said in its annual report it had 1,240 full-time employees at the end of 2022.

Ovation is a credit repair service company acquired by LendingTree in 2018.

The WARN letter said the Ovation facility at 9143 Philips Highway will begin laying off people within 14 days after June 5, with initial cuts of 123 jobs.

It said 200 employees will eventually lose their jobs as the facility closes, but it did not give a date for that.