When does a company need to file a WARN notice?
1200 Associates
I keep hearing that 1000-1200 associates are going to receive the ISP. This would be a substantially higher number than what have been discussed related to Reimagined. Is anyone else hearing similar rumblings?
Once cascade 2 concludes will we hear crickets
Once cascade 2 concludes we should hear crickets, right? Sourcing and Shoring will be the next part of Enterprise Reimagined in 2026.
Grades
If grades change up/down prior to 8/31 then I assume bonuses for T2 will reflect using the new grades.
Make the field remember
ER is swept under the rug for the field. The jargon makes it hard to remember that GPs, LPs and coworkers are being laid off. Some of us search it out, but most don’t see what is happening at all. MP dragged this out so that it does not seem like a... — read more
Years of Service
Does anyone know if past service years that had a break of more than 5 years count in the ISP severance pay?
I’m anxious about the upcoming layoffs
It’s not that I’m particularly attached to my job here. I’ve been with EJ for over five years, which feels more than enough. It’s a solid addition to the resume, but beyond a certain level of engagement, there’s not much on offer in terms of... — read more
Meeting or Email
Meeting or Email. Which one do we want to get?
Instructions for 8/25
Our L3 GPs got instructions on what to do when delivering 1:1 message. They need to stay on video but associates don’t have to. Is it because they think associates will start balling? Also, they will offer associates time to absorb the news so... — read more
showtime
I recently chatted with a friend who specializes in restructurings, and she shared some thoughts on reimagined. The duration and scale of this consulting project indicate that the target for headcount reduction is more than 15%. ISPs are probably... — read more
Stressed
The only time at EDJ a secret wasn’t leaked early. Leadership, feel free to anonymously drop any info you know, please. This year has been tough waiting for this info but the alternative is getting a meeting request out of the blue and you’re gone... — read more
Is it possible to return after being laid off?
A buddy of mine got laid off and was actually told by his company to reapply for his job a few days later. I didn’t even know that was a thing. Is that a thing at Edward Jones as well? Has anybody seen or heard of it happening? It makes no sense to... — read more
Release date? Check. New job offer? Check.
Wish I could give the big middle finger to my awful boss but I will have to console myself with the severance check
The job market is rough for anyone over 50
Companies see experience as expensive and hire cheap, low-skill replacements. Even those who manage to land something end up with pay that's usually way lower than what EJ offered. The dedication and quality work people used to bring doesn’t matter... — read more
Unionization
Serious question: seems like our leadership team has no idea what they are doing, never mind the chaos and uncertainty of ER. Why don’t we just unionize and take some power for the employees?
Basic human decency isn't that hard
I find it shocking that after months of uncertainty and fear, leadership can't be bothered to (1) guarantee a phone call to discuss your fate or (2) loop in lower level managers to have that conversation.
In the halls of home office
You can spot an L3/L4 leader from 100 yards away. They stick out like a Weird Al ringtone at a funeral. No stress on their face, they’re weightless despite the gravity of their decisions. Be better. It doesn’t take much.
How does Penny have 73% approval on Glassdoor?
How? How many folks do you know who actually think she's doing a good job?
New job, leaving this dump
Got a new job and put my 2 weeks in right before this mess unfolds. Good luck everyone
The Time to Stand Up Is Now
The firm cannot function without Limited Partners. We are the engine, the gas, the tires — everything that makes this machine move. The General Partners may steer the wheel, but we’re the ones doing everything else. And how do they thank us? By... — read more
Moving assets
I just looked at the transfer and account closing fees at EDJ. They're really going to stick it to us when we take our accounts elsewhere.
Find another position?
I checked the external Edward Jones site for careers and there are only 11 jobs posted for headquarters. So much for finding another position. I’m not in the office right now, but a coworker said there were no headquarter jobs listed on the internal... — read more
DEPPI
Amplify made me look at the org charts they sent in June and is it me or is Jones leadership now just PP and friends? Women, new yorkers and indians i guess. Even the few blacks got pushed out. When they went heavy on DEI I was fine with it. Been... — read more
Edward Jones planning layoffs before the end of August
Edward Jones will reduce the size of its home office that employs more than 9,000 people by the end of this month, but it’s unclear how many will lose their jobs or how deeply the St. Louis area will be impacted, the company said... — read more
Conflicting Messages from leadership
Aside from the doublespeak (giving words different meaning), we were told the purpose of ER was to ‘reduce layers and increase spans’. We were told, ‘this isn’t about money or profits, the firm is doing great!’ But now we are being told each area has... — read more
It wouldn't be the worst thing to be laid off
Things have changed so much. These days, promotions only go to people who repeat whatever leadership says. Used to be a place where new ideas mattered but now it’s safer to just nod along. You speak up and suddenly you are not on the list for... — read more
Why even wait 10/11 days?
Clearly they already know who is staying or going. What is the point of announcing this now? I’d be fine with receiving the Amplify news and then receiving the “fate email” later today or tomorrow. But now we’re faced with 8-9 business days of faking... — read more
ER …Reminder…
Don’t forget to clear your calendar after you learn of your fate on 8/25 or 8/26. They want to give you space to appreciate the moment and get you ready for the fun ride that’s to come.
PP must go!
Second quarter net new assets and household growth are both down. FAs are leaving. Home office productivity and morale are at an all-time low due to the 6 month enterprise reimagined debacle. This is a colossal failure of leadership. She has... — read more
New EJ Contractors
I know some associates who hold MBA’s from accredited colleges/universities whose positions are now being performed by home based contractors in India. Does anyone know the employment qualifications for Indian home based contractors? Are they same... — read more
Where is PP?
We are due for an inspirational talk. When is the next one?
ISP criteria
The ISPs will be communicated in a couple of weeks and I know many of us will be impacted. The cascade 2 process feels like a black box. I hope the ISP selection criteria is objective - i.e. based on criteria like skills, capabilities, performance... — read more
This iteration of ER feels like a repeat of every other reorg/cuts
More layers of useless management will be added so those who play the politics can secure cozy spots. Meanwhile, the reliable people who actually do the work will be targeted, unless they’re still needed as the mules carrying the load for others. We... — read more
Listen to your body
About six months ago I left my job at EJ after nearly 20 years and honestly it changed my life. The constant stress and toxicity were ki-ling me, to the point where my blood pressure was through the roof. Almost a year later, I’m off meds and feeling... — read more
Need some updates!
I wish we could get an update. It would be helpful to know targets in each department. Wondering if it will impact leaders more than associates. Who’s going to do the work if they remove associates? Already super lean
WMFM open forum
Did anyone catch open forum yesterday? How come all of the L4 leaders of chuy so nervous? Chuck, Russ and di seemed to be so uncomfortable when they were answering questions.
Unused Sick Days and Vacation Days
Does anyone have idea if the unused sick days and vacation days will be payed out, either VSP or ISP?
Good days/bad days
I have my good days and bad days at the firm. Opted to not take the VSP and I'm torn. My mental health is important to me and so is providing food on the table and paying my bills; like everyone else. Won't let me guard down, but I'm certainly not... — read more
It's different, but is it better?
When ER was first announced, I thought it could be a decent idea. Cut the bloated leadership, weed out the toxic people who are just here to ladder-climb, prune those who clearly don't carry their weight. Focus on work that helps our branches and... — read more