I'm wondering if RJ is doing anything to help their entry level employees (those making less than $75,000)? With inflation going nuts, the stock market crashing and gas at nearly $5 a gallon and lets not forget about rents going thru the roof. If Paul had a heart he would get with the board of directors and come up with a plan to help those less fortunate than him. Maybe a 5% bonus or maybe a fixed dollar figure. He should walk around and talk to those in New Accounts and other areas. Doubt he does.
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Raymond James does not care about the everyday employee. It is the executive club that is important to the company. Don't look for them to help with the everyday employee but maybe something to look good in the public eye.
Raymond James is a terrible company to work for today. It all changed when a generation of the people running it retired. These were the people that had integrity, honesty, and a moral compass. Do not look for these qualities today or in the future.
Judgement day will come for Raymond James as the people running it will run it into the ground but they will get rich doing it. Get out while you can.
$75,000?? I wish!!
I agree, I was one of the 550 let go on 9/15/20. I will never forget that day getting called into a zoom call that lasted 60 seconds and then I was cut off from everything. I still remember the virtual town hall Paul had where he said everyone was safe just 6 months before. With this recession looming, high inflation, 401k's dying it is only a matter of time before Paul has to do something. Don't believe anything. Worry about yourself and your future.
Rumor is they're "looking into it." I'm sure if they do anything at all it'll be insulting, like a few hundred bucks.
RJ's ex-diversity hire chiming in here lol! I remember having to sign a tax incentive form for RJ when I got hired years ago, so they can get that diversity credit. Paul does not care about any staff around him only himself. If Paul walks around anywhere it's to make sure he is recognized as the CEO and to show his dominance. Similar to 2020, him and his board of money gobblers will for surely lay off folks on the their Q4. So July to September be wary and vigilant. Laying off people will ensure Paul and board gets their cushy bonuses and crush their annual profits.
Don't hold your breath waiting for Paul to do something.
Paul Reilly only cares about Paul Reilly and his stock options. He would have to be human to help these folks.