Thread regarding Edward Jones layoffs

Two questions at bottom

After over 20 years of being loyal to this — barely recognizable firm — the writing is on the wall for me. My leader couldn’t make it any more obvious he is trying to make me quit. I’ve given this firm so much of myself. There were times when I was a salaried pay grade 6 and was “as part of my leadership development”, leading over 10 CW members, while also having a bunch of other cr-p the leaders didn’t want to do (disguised as development), while also essentially handcuffed to my phone taking back-to-back calls for 8 hours a day. Oh, and did I mention also studying for my 7 and 66 off the clock? I was so burnt out; but I pushed through those long (often close to 60 hrs a week) because I never imagined this firm would be in this state of complete and utter disrepair. I wanted to be a lifer, wanted to retire here. I gave this firm my sanity for more years than I’d like to admit. Taken time away from my wife and kids to keep chasing the dream for what should never have even been allowed pay. I hustled. Have had horrible leaders who couldn’t care less about my development. My family. My well-being. But still, I stayed. And mostly as the years went on, I stayed because I had finally made it to the goal pay grade. Was full-time HBA and with 4 kids, that flexibility had been invaluable.

Now? Well, now I think I cost too much money to keep on payroll. I should mention I’m absolutely kicking myself for finding another role here when I was “reimagined” in Aug. I panicked. The job market is trash. After over 2 decades here, I was devastated, honestly . I’m the bread winner. I knew almost immediately after starting this new role I had made a grave mistake in not following my gut feeling of what an absolute nightmare this new micromanager of a TL would be. And she’s worse than I could have ever imagined. I don’t work on a team. I’m an individual contributor and my “performance” is based on her opinion alone. I’ve already been put on a PIP and now a written warning. I’ve been told she, along with AR, have been “investigating” my computer activity and any periods of more than 5 mins “idle time”. I’ve been an HBA FOR OVER 15 YEARS AND HAVE NEVER ONCE had my integrity questioned. Felt like the associate from AR was interrogating me, as I was completely blindsided by the whole thing. Essentially I was told that my activity on the system should at minimum be 8 hours/day. I called several things into question and was denied access to these activity reports in order to try to prove their allegations wrong. I’m now being required to essentially log every hour of work a day for 8 hours. I’m absolutely certain they’re going to terminate me. I’ve never met two more cold-hearted people at this firm and have no intention of staying here any longer than I have to.

I’m sick with anxiety every day. I’ve lost over 15 lbs since in 5 weeks since I was out on a PIP. Worst decision of my life was not taking that BS severance package when it as offered and telling this place to F right the F off and never look back.

Now to my questions:

1) Due to my blind stupid loyalty to this firm, and being HBA, I have banked almost 300 hours on sick time. I know regardless of how employment is ended her that the sick time is never paid off. You just lose it. I have over 30 something days of pay I could’ve used as time off and didn’t. Should I just start burning those days?? I’ve earned them. Could they potentially penalize me for using too many?

2) With almost 20 years here, WHEN they finally terminate me (which will be completely made up or highly exaggerated “performance” issues), will they offer me severance? I’ve been told by several friends that don’t work here that it’s likely they would due to my tenure, the inside knowledge I’ve acquired over all the years and to prevent any chance of a lawsuit (make me sign an NDA or something)

Thanks! This page has been my only source of sanity to see I’m not the only one being completely sc--wed. After the latest round of GPs took off for India last week, I know it’s just a matter of time for so many of us. ELT has burned this once beloved company to the ground while padding their pockets and ruining the lives of associates and their families.


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| 52 views | | 18 replies (last April 23) | Reply
Post ID: @OP+1knv5h6s1

18 replies (most recent on top)

@22d That is some pretty sick sh!t if you ask me. I'm not surprised though because I've seen similar moves from other directors before all the mess happened. If this place wants you gone, they find a way and they don't care about what is morally right or wrong. There are horrible insane people in charge right now and now it looks like they are losing their marbles just looking at how they are behaving on camera and just how they generally look. Everyone looks tired and drained. I guess it's hard work destroying a company at record speed.

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Post ID: @23t+1knv5h6s1

@p2 yes but they can lay you off on FMLA. I know of 2 people in my former department who were high performers on intermittent leave because of recent health issues with their children and they were ISP'd. In one case, everyone on their team and the adjacent team were offered a role in a newly developed department, but they weren't....

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Post ID: @22d+1knv5h6s1

Id recommend get FMLA for your sick time and use it

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Post ID: @18b+1knv5h6s1

@13c theyve ba----dized that we're doing everything for the client so much that "our clients" are their convenient scapegoat to justify every sh---y self-benefitting decision they make

Im sure when we merge, go public, whatever (not sell!)...they'll spin it about being "for the client" blah, blah more ability to positively impact more lives and invest extra into the client experience".

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Post ID: @13d+1knv5h6s1

@vx He would be besides himself if he saw how wreckless PP and ELT have been. Now, opening essentially a home office in india to just add to the ongoing circus. Can't wait until we find the excuse to go public and really throw us to the wolves

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Post ID: @13c+1knv5h6s1

@b4 Yup. Hindsight is 20/20. I drank Teddy’s Kool-Aid right on up and I’m certain he would be mortified at what this firm has become/
.

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Post ID: @vx+1knv5h6s1

@ba thank you! You have NO idea how much your support means.

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Post ID: @vw+1knv5h6s1

@b4 such a tough pill to swallow. So, FMLA is unpaid. Do you know if I should file for that and use my accrued sick time to cover me? Or can I just utilize my sick days? I imagine going the FMLA route would protect my role versus just “calling in sick” a day at a time?

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Post ID: @tx+1knv5h6s1

@b1 I would normally agree with this. But I’ve been here nearly 20 years and have multiple reviews exceeding expectations. I’ve received literally over a hundred service excellence awards. I know PP’s minions watch this thread like a hawk and I’m over a grade 10, so I’m terrified to say too much as I feel I could be easily identified if dots were connected. In this instance, please just take my word for it. My “leader” is so in over their head they can’t even keep track of anything they’ve told me. Then, when they drop the ball on something, it’s my fault. I have proof but it’s literally their word against mine.

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Post ID: @tw+1knv5h6s1

File FMLA for anxiety and mental health. Get your 75% diabiity those 12 weeks. Look for a job during that time. File the complaint against your manager during FMLA too. Then when you come back take your 300 hours sick as intermittent FMLA for a different mental health diagnosis. Hopefully by the time you get through all that, you can find a better job for yourself. They can’t fire you the second your submit FMLA request. If you knew how many people are taking FMLA for mental health right now, you’d be shocked. My boss took it, got offered VSP during it. Never came back. I commend her. I’ll be doing it too. Fu-k then.

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Post ID: @p2+1knv5h6s1

@OP , I think my leaders going to put me on a PIP. I wouldn't be the 1st nor the last in this place. I'm also tenured with 15+ under my belt and opted to not take the VSP.

I actually took sick days for my mental health as I don't know nor anyone else how much time they really have at the firm. I'd start using your sick days.

We are only a number. Document everything and start printing out your documents, reviews etc.

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Post ID: @c9+1knv5h6s1

Nolite Te Ba----des Carborundorum!

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Post ID: @bt+1knv5h6s1

@b1 to be fair to OP, I've seen them put people on PIP for things that were basically made up on the fly. If they want you gone, they find a way a make sure they have their paper trail. Typically it starts by giving them objectives that are impossible to meet, then once a trimester goes by and said objectives are not met, bo-m, PIP. Even though there will be people on the same team who sc--w up stuff and slack off. It doesn't matter, this place cares about conformance now, not performance.

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Post ID: @bb+1knv5h6s1

@b7 this! Personally I’d take the sick time. You do not legally have to say why you are taking a sick day. Mental health, physical health, helping immediate family with their health all valid. But again just saying “I need to take a sick day.” is a-ok! Wishing you the best OP. It’s not easy. Sorry you have a cr-ppy TL. Not all are this way.

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Post ID: @ba+1knv5h6s1

odds are pretty good that any severance will come with an NDA. If it were me, I would refuse to sign one. I was an FA and left more than a year ago- I got tired of being lied to. I confronted mt GP/region leader a few weeks before I left and called him out on his lies. He was mad, but speechless. That may be why they didn't come after me like they did some others that left. I retain the right to speak the truth.
I was in a good position. lots of $$ in the bank, and no debt. They couldn't hold anything over me but the threat of a lawsuit. In return, I could legally state the truth in any lawsuit they start. Hang in there, and dig your heels in. Bravery is doing the right thing, even if it's to your own detriment...

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Post ID: @b9+1knv5h6s1

I have a strong suspicion I know which manager you’re talking about. If it is the same person, this would not be the first complaint by a long shot. Their management style is deeply problematic and so overly controlling that they seemed to think supervising adults meant acting like a hall monitor with a bathroom ledger, apparently needing to know who went, when, and how often, as if that were a meaningful leadership metric. My advice is to go to HR. If this is the manager I’m thinking of, you would be one of several people who have raised concerns, and at some point the company needs to recognize that this person is not fit to lead a team.

Mental health is health, and sometimes taking sick time for stress, burnout, or emotional exhaustion is exactly what it is there for. If you are not well enough to work, that counts, even when the issue is not physical, but I would do that after speaking with HR first.

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Post ID: @b7+1knv5h6s1

Sounds like you got hustled. Shouldn’t have banked that much time knowing you were being reimagined in India.

You’re probably getting fired whether you take the leave or not. May as well just take it. Then add FMLA on top of it.

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Post ID: @b4+1knv5h6s1

There's always two sides to the story. I read your entire post and I can't see anything you've done wrong. Why did they put you kn a PIP? That has to be justified..

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Post ID: @b1+1knv5h6s1

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