Topics regarding layoffs at Edward Jones

Topics regarding layoffs at Edward Jones

LP - liquidate now?

Is anyone else thinking about liquidating their LP while they still can, even if they survive this nonsense? I have zero trust left in the ELT. I'm wondering if I should liquidate now to at least get my money back. I don't think I will ever invest... — read more 

Hold Times Will Get Much Much Worse

Former HQ associate who left recently due to severe psychological challenges which were brought on by working at Jones. The forces training that is going on is so bad. They are forcing associates who are not completely comfortable in certain topics... — read more 

The uncertainty is ki-ling me

Lately I can’t shake the feeling that everything could fall apart with one email. Does anyone actually feel secure anymore or are we all just pretending?

Not an ideal client

I am a tenured associate but not an ideal client. I don’t have 250K of investable assets. But I save my money, have invested in the 401K and am a limited partner. With all the leader changes and firm changes, I’m starting to think my money isn’t safe... — read more 

Such Poor Taste

I’m an HC associate and yesterday Suzan sent out the HC Newsletter. Not sure if she even writes these, but it was in such poor taste. Rather than highlighting and thanking the 500+ associates who will start to depart next month, she kicks off by... — read more 

Edward Jones = CHAOS

Utter chaos. Too much change at one time. Many people making decisions who know absolutely nothing. This is not going to end well.

SOS

It’s so bad. A lot of people are in a really bad place as we wait to hear what happens. I’m doing the job of 3 people. This isn’t the Jones I know.

Freedom Day

From this point forward, September 5 shall be officially recognized as Freedom Day in my household.

Pooling

Thoughts on pooling? Seems like that will be the source of most of the ISPs as they repeatedly mention reducing duplication.

Wrong leaders

Some of the GPs that are leading the cascade 2 design are not qualified to do so. Despite the known gaps in ability somehow they survived the cut again. 😒

List of GPs reimagined

When will they release the list of GPs that were reimagined? Does anyone have one? And why are they calling it “retirement”? I have associates in my area that really think our GP is taking early retirement and congratulating him when that’s not the... — read more 

I'm glad I left

I'm glad I left. Had a very nice ride as an FA. But I got tired of being lied to. I got tired of the double standard- GP's can break all the rules, but FA's can't. The 'woke or broke' theme just got to me. Ted would be furious if he could see what's... — read more 

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Confusion on ISP date

I thought it was going to be by end of August, but a coworker says no it’s by end of next year. Can anyone clarify this?

PP should resign or be forced out

If she had any ounce of decency she would fall on the sword, much like Doug Hill did or if the remaining partners on ELT had any stones, they would remove her. It’s the only way to save ANY face and salvage the firms reputation in this disgraceful... — read more 

I wish I would've taken the ISP

I was offered the ISP but didn't accept. I am now regretting my decision. Does anyone else regret not accepting it? The environment is getting really toxic and everyone is becoming more and more cut throat and heartless. It makes me sick to my... — read more 

Working 70 hrs/week

I’m an employee. And a friend who also works here at a different division is now working 70 hours per week after so many of her colleagues got cut. How is this making the organization more efficient? Can ELT pls explain? Are we expecting people to... — read more 

Ready to wrap it up

Five years and counting. I’m damn good at what I do, but I know I’m never getting a real shot to move up. After surviving the last round of layoffs, I realized nothing’s ever going to change. I’ll just keep working hard to avoid getting cut next... — read more 

Refusing to hire non-GP roles externally

They announced this week that in Cascade 2 only GP roles can be filled by external hires. Every non-GP opening is now strictly internal. This not only risks further eroding what’s left of our culture with more outside GPs, but also severely... — read more 

Do branch teams even care?

I've heard FAs are cheering this on and want the cuts at HQ to go even deeper because they view home office as dead weight. True? Not true? If you're in a branch and reading this, I hope you understand how negatively this will impact you. I also... — read more 

My productivity is gone

With layoffs looming, it’s hard to care about projects knowing I could be cut any week. Even if I survive the next round, there's always the one after that. How do people even stay motivated is beyond me.

Hope they reimagine Digital Product

Digital Product is the most inefficient division. The people there are technically inept and depend on outside vendors for even the most basic technical knowledge. All they do is get in the way of business getting its work done. Hope they reimagine... — read more 

10% - 700

Well there it is folks looks like 700 is the # by end of 2026. Funny thing those is the VSP is included into that 700 total so they only need 98 other associates to hit the 700.

Hybrid Morale

As if waiting so long to find out if you will continue on with your role isn’t draining enough, the thought of being pressured as a hybrid associate to continue to show up in office during all of this feels absolutely NOT human centered. Imagine... — read more 

ISP Criteria?

I know they mentioned something about it being performance based, but what does that actually mean? Is it looking at trimester reviews? Annual reviews? Leadership input?

ISP Figures

Has anyone heard anything in regard to the ISP figures? I just do not understand how a firm can not come up with a number to announce that they are laying off _ number of associates. Especially given the fact they know who has taken the VSP. Every... — read more 

Is it me?

Is it me or have tenured associates failed due to lack of leadership?

We used to care

Watched the new series Survival Mode tonight and it was about the 2011 Joplin MO tornadoes. I got to share with my family that after that event Edward Jones went into the area and hired people into our Home Office. It was an attempt to give back and... — read more 

Can culture outlast a bad managing partner?

I am as frustrated as most. Today I had an ounce of optimism. Can the Edward Jones culture we all know and love outlast PP? She only has three years left max. Her legacy will be a scar on EJ history, but can the old culture survive her rein and... — read more 

EBM division associates in trouble

The new CMO (who joined a couple of weeks ago) had an informal Q&A session this afternoon with all associates in EBM. One thing she noted was that EBM would take longer to define the org structure than the rest of the firm. The question on... — read more 

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