Thread regarding Edward Jones layoffs

Trust is Broken

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. The way they kept demotions/grade drops under the radar intentionally and their handling of the six-month layoff process generally is inexcusable and riddled with unforced error after unforced error from the disastrous, word salad, tone-deaf firm town hall to the callous superficially transparent corpo comms.

The results are also a complete failure. I don’t see any efficiencies gained, just unnecessary confusion with all the middle management boneheads still around bloating the org chart. And the people they decided to promote? Nearly all are brown nosers or obviously unqualified.

On top of that i no longer feel any job security. What’s to stop the firm from arbitrarily dropping my pay a year or six months from now? Now that leadership has the taste of blood, it seems they like and will return for more. I don’t want to be here when that happens and I don’t have to be.

I didn’t think it would come to this but I’m going to start actively looking. The firm can do what it wants and I am sure will be just fine but I want no part of this new culture where employees are seen as less than human cogs to be broken, switched around internally or cast aside on management’s whim. No thanks.


by
| 1284 views | | 7 replies (last August 30) | Reply
Post ID: @OP+1k3v70tej

7 replies (most recent on top)

@a3 If Ted were alive, he'd have flipped that godda-n boardroom table like Jesus in the Temple.

So yeah, I'll toast Ted.

by
| | Reply
Post ID: @ff+1k3v70tej

Once upon a time EDJ took it as a point of pride to retain workers. Finding people that have been with the company for 10+ years isn't unusual. This led to people feeling valued. Which can carry a person through a lot of rough spots. But sadly that is now gone. EDJ is no different from any other corp and the compensation package isn't all that competitive compared to its peers. So, I expect turnover to increase and productivity to go down. As people spend more time sprucing up their job skills for their resume for their next job.

by
| | Reply
Post ID: @f5+1k3v70tej

@OP it's really not the end....

by
| | Reply
Post ID: @af+1k3v70tej

@aa some of us thought an employee or associate owned company would operate differently. Lesson learned.

by
| | Reply
Post ID: @ac+1k3v70tej

Why on earth would you trust the leadership of a Fortune 500 company to do what is in its employees best interest? You and only you have your best interests in mind. You should always be looking and applying.

by
| | Reply
Post ID: @aa+1k3v70tej

Goodbye. If you’re that unhappy, it’s better to take action and move on rather than just complain. Honestly, this is what corporate America looks like across the board these days.

by
| | Reply
Post ID: @a4+1k3v70tej

Are we still toasting to Ted?

by
| | Reply
Post ID: @a3+1k3v70tej

Post a reply

: