Thread regarding Raymond James Financial Inc. layoffs

I just looked at the RJ career site (don't know why) and they have 519 job openings as of this posting. I just love to read how turnover is so bad and they are having trouble recruiting. This can be totally attributable to Paul Reilly letting go 550 people a year ago when he didn't need to.

I'm just one of the 550 let go a year ago but I can tell you the pain has not gone away. What do you do when you have given a company 15 years and then you are treated like dirt. Not even a respectable way of being let go. This was a place I thought I would retire from 5 years from now. Nobody wants a 60 year old. Luckily I was frugal and maxed out all my retirement plans which I have just now started drawing slowly from. I will never forgive Paul Reilly.

I'm proud to say I'm one of the 550 let go a year ago. Thinking about how it happened gets me angry even now a year later. A hasty zoom call with my manager and my managers manager, being read to from a script and then cut off from everything. My computer locked up, my email disappeared and so did my contacts of over 10 years. That is what over 10 years of loyalty gets you. I stay in touch with a couple people still at RJ and they tell me the only reason they are still there is the paycheck. There is no loyalty anymore, no empowerment, nothing. They are "milking the clock" and I don't blame them. Maybe Paul can tell us how much lost productivity has occurred in the last year.

Paul deserves everything that is happening. It's to bad he doesn't have the humanity to have HR rectify a bad situation and have them contact all of us and at least try to bring those that want to come back, back. Of course this will never happen.

I just love the fact that RJ is losing people as fast as they hire them. Just think of all the institutional knowledge lost, especially with the 550 of us let go a year ago. I am fine but know of several that have suffered. Thank you Paul Reilly is RJ a better place today due to the layoffs? I think not.

I have stayed with the firm. Recently turned down an offer from another employer. Yet I see more people around me leaving … makes me question my choice

look at JP Morgan and Citi, great places to work. Modern technology, nice people and you don't have to work nights and weekends, actual real leadership. I was one of the 550 from IT and wow has my life changed at Citi.

I expected someone would post today or I was going to. I was one of the 550. It has been a tough year but I have worked thru the issues and am happy not to be at RJ anymore. I found a great job doing nearly the same thing in Tampa. The pay is similar but the headaches are gone. The long hours are gone. The weekend work is gone. A couple months ago I was contacted by a former co-worker feeling me out about coming back. They told me how bad it was. I said absolutely not, told them about my new job. They asked me for a contact which I shared. They left RJ in July and is now working with me. RJ tried to keep him but he said no.