Now they are taking staff from other IT departments to help the TSC with call volume. Is this the end result of "rightsizing"? Borrowing from Peter to pay Paul has never worked out, has it Paul? This is total managerial incompetence, why don't you do... — read more 

Operations is certainly next, with off site meeting to review staffing levels and headcount reductions. There are too many managers. Sr. Managers and VP in the group that need to be removed. There are VP's that do not have a college degree!! BTW... — read more 

I can think of a few liabilities there Management has a ridiculous sense of entitlement. Some will only stay at 4 star hotels with their corporate card, and $400.00 for dinner for 3 people is ridiculous. I have seen the expense reports. I have heard... — read more 

Bella hired Rich Castro. A contractor for now, I'm sure the plans are in ace for him to take Tremaines job. He is evaluating operations and security operations. They will be seeing huge cuts. Maybe they will get rid of some of the bad eggs. Portfolio... — read more 

Operations is next to be hit with the layoffs. They are taking the same approach as with IT. They are looking at the staffing levels, salaries, and career potentials of people.

Are people still being walked out in IT? (not en masse now..but maybe one at a time here and there?) I know there were a few stragglers in IT they had to get, and still had a few on the fence. Ops is next...numbers are being calculated and names are... — read more 

I still work at RJ in IT and am in a senior FA support role. Many good techs who have been doing 2nd level support only for years are going to be forced to start helping take 1st level support calls because of the high volume of calls and not enough... — read more 

I think the point is they are lying. If you have plans drawn up and "2 years ago you signed a letter of intent", you know what you are going to build and have for a while. Releasing it the "same" week of the layoffs presents itself badly too. Either... — read more 

That's the whole point: RJ does not know what it is doing anymore! It is a result of totally incompetent management at the highest levels.

Yes, Wiregrass in Pasco Co. A RJ release says RJ doesn't know when or what they are building there, but RJ has submitted plans to build there to the Pasco Co. goverment office. I'm confused.?.?.?. Why submit official plans to be reviewed if you don't... — read more 

Wait it gets better!! The same week rj layed off people, they submited plans to Pasco for a 65 acre, 6 4-story campus with a 550,000 sq ft parking garage in Wiregrass according to the tampa tribune. Just google Raymond James wiregrass. Guess whoever... — read more 

Yes. Paul said in the conference call, operations was over staffed.

Unemployment in the IT sector is under 4% - move on. Screw RJ...

Has Phase II "rightsizing" layoffs started yet? What groups are going to be targeted? Operations?

I can tell you that NONE of the folks that were pushed out the door would ever return back to RJ. Most will get jobs elsewhere, but have no interest to return.

Pretty naive comment. Most of the 160 will be replaced by younger people they can pay less and contractors they don't have to pay benefits to.

The other side of the coin is if RJ decides to start hiring again, ex-employees can always interview and maybe ask for more money than they were making before. :)

Right sizing is a term coined quite a long time ago and is definitely not unique to RJ's management team. Don't give them that much credit. They aren't that different or special.

How much did you pay the propagandists to come up with the term rightsizing? Probably more than the combined cost of keeping the 160. Those 160 were people that helped build RJ into what you inherited. Service First was more than a catch phrase, it... — read more 

exerpt of Paul Reilly dated april 25, 2013 from http://seekingalpha.com/article/1373911-raymond-james-financial-management-discusses-q2-2013-results-earnings-call-transcript?source=google_news We have now substantially completed our Morgan Keegan... — read more 

The stock dropped from 48 to 40, while the rest of the market was flat or went up, so that tells that the market does not believe that RJ will not realize the cost saving as quickly as Paul told wall street. Saving will not be realized until 1st Qtr... — read more 

Bella a Troll? That was a very kind remark. Try calling her what she really is; a Pinko subversive hell bent on destroying the American Dream and the America way.

For those who say "they will be better for it," try telling that to a 55-year-old who hasn't been in the job market for 20 years. You can tell yourself that if it makes you feel better, but it is not necessarily so. Also, why doesn't management cut... — read more 

For those who say "they will be better for it," try telling that to a 55-year-old who hasn't been in the job market for 20 years. You can tell yourself that if it makes you feel better, but it is not necessarily so. Also, why doesn't management cut... — read more 

During the April 19th Conference Call, Paul did indicate there were more phases to the right sizing (layoff) coming. With the Fox News interview, he did say Operations and IT was over staffed, so it looks like operations will be right sized... — read more 

To Someone Like You: RJ Stock has been down more days than its been up since the layoffs. What does that tell you? Obviously the investment gurus notice that something is wrong with RJ.

To Someone Like You: I work in Tower 4 and can attest that it's stressful there too. No, I don't have time to go to the Sustainability Fair; I haven't had more than 2 days off in a row since Feb 2012; and I'm in the office before sun-up to after... — read more 

To Someone Like You: I work in Tower 4 and can attest that it's stressful there too. No, I don't have time to go to the Sustainability Fair; I haven't had more than 2 days off in a row since Feb 2012; and I'm in the office before sun-up to after... — read more 

places that are bad places to work invest heavily into 'best places to work' "contests" - they know they suck and they try to repair the image - they will do anything to make the list and they on purpose start internal initiatives that will yield... — read more 

The people who still think Raymond James is a top place to work, must work in Towers 3 and 4. They are the only employees who have time to take surveys, vacations and attend the sustainability fairs. Must be nice for them.

The top 100 places to work is a huge joke. Lying with statistics is easy. Don't believe the hype..... Also the person that said cuts in Operations are next is absolutely right. They already know who they are cutting. The cuts will likely be deeper in... — read more 

Oh yeah, they made the top 100 of Tampa Bay again Apparently the employees they survey are all members of management and not the ones who have been laid off, forced to quit and treated like crap. Or it could be employees who are afraid to answer... — read more 

Per Paul Reilly on the Investor CC< they are starting on Phase II right sizing (layoffs) that will go through the end of the FY. Phase I was IT, and Phase II will be ?? Operations?

Hey Bella, shame on you!

RJ is NOT one of the top 100 places to work any longer. Recruiters are getting flooded with calls from the IT staff looking to leave due to low morale, changing leadership, lack of appreciation, weekends, managers leaving, no career opportunities... — read more 

I can assure you, the folks at MK are no strangers to heavy stress...the buyout by RJ just exacerbated the problem. Try keeping an understaffed and sinking ship afloat while your new captains purposely try to run you aground.

The remaining IT employees are dropping like flies, as they are concerned about future layoffs and the change culture. Another IT manager left last week.

How does this firm continue to be considered a top place to work in Tampa Bay? Maybe 10 years ago it was. Now its gotten dark and creepy. The pressure they put on some at Home Office to carry the workload of 2 or 3 people is just unbearable. Then the... — read more 

I left just before these layoffs, 50/50 chance I would have been targeted. The writing was on the wall was that my position was a dead end; senior technical, but a dead end - after many years of good reviews and high performance. The new IT mgmt team... — read more 

I heard that more reduction will occur through outsourcing to third parties.