I can’t imagine anyone genuinely thinking layoffs at EJ are temporary. The patterns are clear, and it’s only going to get worse unless leadership takes a serious look at long-term planning. Face it folks. Layoffs are here to stay.
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@f2 This is Definitely already happening- field standards are changing and becoming more aggressive. Teaming in the field seems to be becoming expected and not an option. You will also start seeing BOA's supporting many FA's/an entire office instead of just a one to one ratio. The path is being paved to trim them down as well. It might just take longer since they cant just mass lay them off with clients to consider.
They need to fire underperforming FAs and combine offices. That would save a bunch of money.
Wouldn’t surprise me if contractors are next, in 2026.
I'm not sure they'll layoff a ton more while PP is still around, maybe it spits and starts. If they don't layoff more in the next couple of years, they'll just reduce home office headcount another way by posting less and less roles as they continue to offshore... I mean "automate the ordinary, so we can humanize the extraordinary" or whatever that laugh of a line was PP said once.
Yes, likely more to come. Make sure you continue to skill up and learn as much as you can so you can work anywhere you want to. They can take the role but not your knowledge.