Thread regarding Edward Jones layoffs

Pooling

Thoughts on pooling? Seems like that will be the source of most of the ISPs as they repeatedly mention reducing duplication.

by
| 2391 views | | 8 replies (last August 3) | Reply
Post ID: @OP+1k0ye4q0g

8 replies (most recent on top)

There will be too many people for too few roles and that will be the source of many ISPs. Talent match will turn into the Hunger Games. It's about to get ugly. By next year a lot of it will be outsourced or offshored anyway, though, so even if you make it through this "Cascade" don't hold your breath. Enjoy the new normal and may the odds be ever in your favor.

But take of yourselves, ya'll. They're doing this with empathy and care. Headspace is here for you (at least until your COBRA runs out).

by
| | Reply
Post ID: @1r1+1k0ye4q0g

@qk completely agree. A number of roles up for pooling are technical and there is a need to match skill sets and teams. Unfortunately I'm not aware of any efforts to accomplish that.

I don't think folks getting moved around will be set up for success.

by
| | Reply
Post ID: @rf+1k0ye4q0g

Pooling is a way to consolidate capability. The challenge is that the will have incapable leaders making decisions on talent when they have no clue about the work to be done.

by
| | Reply
Post ID: @qk+1k0ye4q0g

Agree. I feel this is where cuts will be as well.

by
| | Reply
Post ID: @gh+1k0ye4q0g

Was there a recent email or town hall that referenced pooling? I'm probably up for pooling but haven't gotten any details

by
| | Reply
Post ID: @g8+1k0ye4q0g

It's a way they can reduce leader numbers and make bigger teams / more associates responsible to fewer leaders. Gone are the days of many teams having 3-5 associates. I would not want to be a leader in any of those areas mentioned, as they might be targets.

by
| | Reply
Post ID: @az+1k0ye4q0g

I was confused why they felt like they had to mention it. No new info. Now just caused more speculation.

by
| | Reply
Post ID: @as+1k0ye4q0g

Sure sounds like it and sounds like certain areas based on the email.

by
| | Reply
Post ID: @a2+1k0ye4q0g

Post a reply

: