Thread regarding Edward Jones layoffs

Time to get back in the office. The field is ready for HO to be on the same page here.

Hearing 4 days a week being announced very soon.

@13q apparently the penalty for under reporting layoffs is not a significant amount so the firm probably thinks not reporting is worth the risk. You would think we would value ethical behavior but Citi Bank was one of the companies that received a huge fine in 2008 and DC seems to be running the show so that tells you everything.

Eln_associate_curr is nonsensitive table that many analysts have access to. If you have an analyst friend maybe ask what the termed associate counts look like by month. They have been oddly consistent over the past two years, which is when layoffs in digital and ops started. Maybe it’s just a weird coincidence that the numbers have been consistent on a monthly basis, or the firm thinks they are smarter than the DOL.

@12z The ISP numbers Penny released to the public were incorrect. They were lower than the actual numbers. Penny either got them wrong and she is incompetent or she is lying and not trustworthy. I personally believe it is the latter. Either way Penny has no business leading a multibillion dollar company.

@11p what bad press? There wasn't even a public WARN notice.

The RTO is yet another lever to pull to hope that a full time return triggers more people to quit so they can higher new people at a lesser pay rate, and get back all that vacation they do not have to pay out. That is what companies are doing now. The hope that people quit so that do not have the additional bad press that comes with the word Layoff. The cowards way out.

@dd may be y’all can visit her in her secret garden.

@fs the collaboration definitely isn’t happening. It’s easier to stop by someone’s desk and ask a question. However meeting rooms for meetings seem to not be a thing unless it’s for leadership. It makes no sense to come to the office to sit on zoom with people in the office. Add in the open floor plan which makes being on the calls worse because of all the background conversation noise. This is not about collaboration, it’s about doing what we always do, copying what everyone else is doing. Given how many companies are pushing RTO, maintaining hybrid or increasing HBA population would help us recruit and retain talent.

Just another day on the plantation aint nothing nobody can do about nothing

@bf , alot of associates in the office aren't collaborating with their peers as their stuck to the desk all day long.

Some associates at the home office have TL located out of State. Yet they're expected to be in office 3 days a week due to "zip code" requirements.

Penny wants to “see more faces” while she hides on a floor all to herself.

Just another reason to quit.

@aq I've been told from multiple sources that hiring a remote person requires an additional approval over in-person candidates and is considerably less likely/more difficult. There's also that GP that said hiring remote was a "last resort" and the goal was not to "disenfranchise" or "punish" the in-person people for being in-person by making as many people as possible in-person.

@ab I believe that, but I also fear that if they’re going to make a big push to increase from 3 to 4 days in, they may think they might as well just rip off the bandaid and push for all 5 days in. I hope not though.

Internal job postings basically say if you are remote now, you can remain remote. External postings now say hybrid--tempe or stl. Writing is on the wall.

@ab Other companies pay fair market rate.

@OP 5 days a week 2nd quarter 2026.

They've been gathering information over the past couple months on what other industries are doing. I was told the trade winds are going towards more days in office. I believe the thought is 4.