Thread regarding Edward Jones layoffs

Not sure why I JUST noticed this..

Obviously they’re using their ridiculous corporate buzzwords to soften the blow. The way they’ve said everything made it seem like this is going to be the last round of layoffs by saying there is no Cascade 3.

But… it says “There is no Cascade 3 as part of Capacity Realignment.”

Those sneaky ba----ds. Capacity Realignment is just phase one. “Cascade 2 will conclude Capacity Realignment.” There’s still Sourcing & Shoring and AI & Automation phases to come.

Maybe this was obvious to a lot of people, but I definitely had a false sense of security thinking this would potentially be it. I knew there would always be the POTENTIAL for additional layoffs down the road, but this sneaky bullsh-t just really jumped out at me today.

I wish they’d stop the bullsh-t buzzwords, grow up, and just say things as they are. Instead, they’re being a bunch of cowards hiding behind pretty words.


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| 1642 views | | 7 replies (last August 22) | Reply
Post ID: @OP+1k320yy4g

7 replies (most recent on top)

@av Absolutely not. 8/25 is just one of many rounds of layoffs. There will be many many more rounds ahead. Remember PP’s slide about “Sourcing and AI”? Those two initiatives = MORE layoffs. I guarantee it. I can’t even call 8/25 the “first” round of layoffs because they already laid off hundreds of OPS and Service folks quietly last year. It is only going to get worse. Get ready. As more and more jobs are outsourced to India and they SLOWLY get over the learning curve, there will be more cuts.

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Post ID: @m3+1k320yy4g

@ap I think they meant is as separate dates will continue through 2026 (May in the VSP's case).

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Post ID: @av+1k320yy4g

@OP You are absolutely correct. I took the VSP, but I keep reminding my friends: don’t forget PP said layoffs will continue “throughout 2026”. Everyone is so focused on making it past the 08/25 massacre, they are forgetting more cuts are right around the corner. 😫

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Post ID: @ap+1k320yy4g

The market and overhead dictates when headcounts are adjusted. When people lose their jobs they tend to cash out their investments within 90 to 120 days. Vicious cycle that is delayed and not instantaneous. No job, no investments and less headcount for investment firms. IT is a separate issue. Already moving overseas due to costs and stuborn RTO drama

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Post ID: @ah+1k320yy4g

@OP yep. Im in OPS and even after getting wrecked the last 18 months with "optimization" and VSP, They will start 'Project Lantern" which is prepping us to see which work goes to india and which work is too risky. After that there will for sure be another gut punch. Nobody is safe with ghouls running this circus.

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Post ID: @ag+1k320yy4g

Coming from a competitor that's been going through layoffs, they are never over despite what leadership says. Every year, they'll look for efficiencies.

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Post ID: @a8+1k320yy4g

Waterfall methodology is really making a comeback! Cascade 2 followed by 3, 4, 5, etc. Come on ELT be Agile and just fire us and get it over with…

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Post ID: @a3+1k320yy4g

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