Thread regarding Edward Jones layoffs

Reporter seeking info/comments

Hello, I'm a reporter for the St. Louis Post-Dispatch covering the layoffs. I can be reached at jsuntrup@post-dispatch.com and can also speak over the phone at 314 825 0735. Thanks,
Jack Suntrup


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| 3482 views | | 12 replies (last August 26) | Reply
Post ID: @OP+1k3gw50sp

12 replies (most recent on top)

What I find most unbelievable is that, in addition to laying people off (ISP), they are also demoting many employees and cutting their pay. Even more shocking is that if you refuse the demotion and pay cut, it's classified as a "voluntary separation" instead of being laid off, which means no unemployment benefits and no severance. I've never seen such a predatory practice in the financial services industry before.

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Post ID: @e5+1k3gw50sp

@bm right? Penny’s bonus two years in a row mind you, and Edward Jones starting it’s own bank governed out of Utah… while laying people off, essentially forcing longtime GPs to take VSP, and Isp’ing a lot who declined VSP! There ya go Jack.

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Post ID: @cc+1k3gw50sp

Hey Jack, start with Pennys bonus. Follow the money!

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Post ID: @bm+1k3gw50sp

If you come to campus you can do an interview from the new Trailblazers Cafe that was opened a few weeks ago while the layoff process was in the plans. It is fairly nice. The firm invested plenty of capital into it.

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Post ID: @b7+1k3gw50sp

I was told not to come to the office today. I was laid off today and notified my access to the building had been immediately suspended and I could not retrieve my personal items. Edward Jones is currently holding my personal items. Many I bought myself for company use.

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Post ID: @b6+1k3gw50sp

You can get an anonymous email account through proton mail if you want to remain entirely anonymous communicating with a reporter.

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Post ID: @ak+1k3gw50sp

Don’t forget to hand over any whistleblower information you may have access to to Jack. He can protect your identity.

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Post ID: @ah+1k3gw50sp

Hi Jack,

Did you know that Edward Jones’s CEO, Penny Pennington also serves on the board of directors for the Federal Reserve, and FINRA, which is the governing body for Wall Street Broker Dealers? Do you think this is a conflict of interest? If you look at the Edward Jones Webpage for Penny, they do a good job of burying this information at the bottom. Thoughts?

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Post ID: @ag+1k3gw50sp

@OP it is about time. Where have you been?

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Post ID: @ae+1k3gw50sp

I wouldn’t talk to this reporter! He’s duplicitous AF!

If you do talk to him, make sure you record your conversation.

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Post ID: @ac+1k3gw50sp

Encourage anyone to share their experience with Jack. Just make sure you're not named or quoted if you need your severance.

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Post ID: @a2+1k3gw50sp

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