Last week many were told they could work from home. Now I'm facing going back in to the office knowing several teammates are gone and I've been demoted. My new team knows I was demoted. None of them were even impacted, so it feels like they cannot... — read more 

That they fire 259 people the week before Labor Day, the day the country celebrates the working population. A little insensitive, no? Unnecessarily cruel? But I guess when you have millions you don’t need a sensitivity chip. Read the room Penny.

All I see is frustration, anger, and disarray. Morale wasn’t great before, but now it’s completely tanked. Yes, I still have my job, but I feel sick just thinking about coming in tomorrow. Things can be done well and for everyone’s benefit, or badly... — read more 

We're at the St. Louis City soccer game. Guess what the promotional item is. Edward Jones sponsored lunch box. Seriously the weekend of he-l week? It sure got people in St Louis talking about how sad and disappointed they were of what happened... — read more 

This is the true joy in life, being used for a purpose recognized by yourself as a mighty one. Being a force of nature instead of a feverish, selfish little clod of ailments and grievances, complaining that the world will not devote itself to making... — read more 

Heard there is a small contingency of GP's discussing a no confidence vote for Penny. Has this ever happened at the firm?

The following transcript is Q/A with “Pondscum” in 2015 along with a 2017 YouTube video of him practicing the same talking points he spouts today. This parrot needs a new cr--ker. https://youtu.be/vxs9phSWz_U After the event, I caught up with... — read more 

Since this Enterprise Reimagine was so bad, who will take responsibility? There are loads of complaint from field and survivors, who should take responsibility? Also hearing that this is the master plan that Chubak wants Penny to do ER so that he... — read more 

I'm so tired of this cr-p.

I sympathize with leaders and associates that have been hit with demotions. As a part of ER, does demotion mean lower title, lower salary grade or reduction in current salary?

Demoralized by your peers feeling forced into accepting VSPs? Shocked by the ISPs? Me, too. Now the additional layer as been revealed - the quiet demotions. Make no mistake, this is quiet firing. They want to make people miserable so they leave on... — read more 

I just found this forum, and I tried search but it's not really helping. I haven't been here long so I'm not sure how layoffs work. How do they let us know? Is it 1:1 or in a meeting? Are people done right away or is an end date provided? Basically... — read more 

I really thought that after this phase that I would find reason to believe in the firm again. The opposite happened. It’s clear to me that this is not a place I want to work. Even though I’m safe, my faith and trust in leadership is broken forever... — read more 

Hey y’all! Hoping you had a relaxing Labor Day weekend - I hope this Labor Day allowed you what I call the “3 Rs” - it brought you time to recharge, reflect, and reconnect with what matters to you most. My fourth “R”? “Remember” to sign your... — read more 

Last year Penny was compensated 29 Million Dollars. If each person laid off had total income of 100,000 including salary and benefits, the total cost is 25,900,000. So if Penny took one for the team she would only made a paltry 3.1 million dollars... — read more 

Hey Penny Pincher Pennington! The thin veil you put in front of every HO associate’s face will most certainly backfire! Hiring a ton of offshore associates for cheap won’t magically fix your problems!!! We tried it in the past! It doesn’t work!!!... — read more 

What has this company become. I’ve given 19 years of my life to it and how do the big wigs repay me? A choice between termination or demotion. There aren’t words big enough to express how disappointed I am. So much pain and sadness.

I know things feel heavy right now with the layoffs, demotions, and whispers of age discrimination. The execs might be trying to scare us into silence, but we’re stronger than that. I wasn’t personally hit by the layoffs, but watching my friends and... — read more 

The layoff #’s posted in St Louis journal seemed lower than expected

How many people were let got in ‘24 and early ‘25 due to offshoring ?

Anyone who thinks the business will run more smoothly now can forget about it. What we’re really in for is more workload, missing critical roles, and teams left in disarray. If anyone has seen a single case where layoffs served some strategic... — read more 

Hey Y'all! I've decided to channel my inner hungry humble swagger and adopt a growth mindset. I used to care about being a team player and actually executing on work that would move the firm forward. But now I realize I need to grow into a... — read more 

259 ISP’s. Not exactly the “100” ISP’s they told us to expect. For those who said yeah but they said it would be 100 “roles”. BS. That was just corporate speak to disguise the real numbers. If they are so transparent, how come they didn’t publish... — read more 

258 roles closed from vsp and 259 got isp I'm not a math genius but that's 517. Six months of me in panic wondering how both me and my wife who worked here until she just found a new role would pan out to feed 3 kids for 517 roles?????? This place is... — read more 

Let’s call a spade a spade. EJ “Preferred Fund Partners” are nothing more than a kickback scheme that pays the ELT and GP’s handsomely while passing along the bloated expenses and fees to EJ clients. The firm collected over $315 million alone in... — read more 

I know the first thing I’m going to do is move all my assets out Edward Jones. That way they can’t make any profits off of my investments now and the future. Will also tell family and friends to do the same.

This was done solely for profit. In a time of a weak job market, aggressive inflation, and the dawn of AI, they just crushed people’s lives for money. At a recent summer regional, Penny stated a few times, “over my dead body will this place be sold”... — read more 

It’s pretty clear leadership isn’t thinking beyond the next quarterly report. The long-term impact of shedding talent, experience, and skill doesn’t seem to matter at all. No matter how well or poorly a company is doing, there are always cuts, so... — read more 

What I still do not get, if these layoffs were truly about efficiency, and not about maximizing profits as I repeatedly heard, is why so many people were forced to take demotions, lower role salary grades, and even lower salaries just to stay with... — read more 

Dear colleagues, I never imagined I’d be writing an email like this. After almost 20 years with Edward Jones, I’ve been told I no longer have a place here. While I was encouraged to accept the narrative that our leadership team “cares” and that none... — read more 

I could deal with layoffs if I knew they were truly necessary right now, not just a crutch every time earnings, expectations, or anything else take a hit. What are the chances that is actually the case, or should I just start looking for something... — read more 

I saw some noise about “whistle -blowing” on coworkers for “off-channel” communication. Just so everyone’s on the same page, here’s what actually counts according to FINRA/SEC — and what doesn’t. What off-channel rules are really about: They’re... — read more 

Not sure if anyone else is feeling this way, but my depression and anxiety is persisting despite being marked “safe” (for now). I love my wife and children and am thankful for a paycheck, but am having trouble getting over the anxiety and depression... — read more 

What do you think are the real reasons for this layoff? We've all been given the corporate line, but I’m curious how each of you sees the actual reasons behind the cuts. It would also be helpful if people responding could share where they roll up... — read more 

This is general information, not legal advice. Please consult a lawyer. Many employment lawyers will do a free consultation and only charge a fee if they win your case. If you’re 40 or older and asked to sign a severance agreement that waives age... — read more 

Has anyone received their docs to sign if you are getting a new role?!! I got an email with basic information but not docs to sign…

Below is an email script to use to document important information to protect your rights. If the company responds to any of these questions with “Please see the FAQs,” acknowledge that you are aware of the FAQs and would like a direct response to... — read more 

Letter: Planned layoffs at Edward Jones betray its own company culture Financial giant Edward Jones announced that it will lay off potentially hundreds of employees at its Des Peres office to improve efficiency. ("Behind the layoffs: Edward Jones... — read more 

Team meetings have begun to go over the changes. Thoughts?

The survivors of ER are all going to experience the consequences of “lean” teams that have been the unfortunate reality for areas that have been operating lean for years already. Doing the job of 3 or 4 is the best you can hope for. Doing 5 or 6 jobs... — read more