There's a lot of baiting posts these last two days. Don't let these bad actors dilute the real conversation and situational reporting happening. Down vote them into oblivion. Don't respond to them on their posts or let them derail other, functional... — read more
The Problem with HBAs
Be honest, HBAs want to silence voices questioning the current policy because the status quo because it benefits them. They don’t want the firm to revisit its current policy of allowing HBA roles based solely on geographic location because it might... — read more
I was laid off
I have been with the company for 3 years and was forced into a role I didn’t want after only a year. Then I finally interviewed and moved to a new area in April only to get canned yesterday. What a waste of 3 years.
I was just told that I’m staying
With some added instructions and changes to the org structure. I still feel like cr-p, though. I’m glad I’ll keep getting a paycheck, but I feel numb about hanging on to a job I don’t even like. What really hits me is how awful this is for those who... — read more
Automate the Ordinary, Humanize the Extraordinary
Team, I’m thrilled to announce the next bold chapter in our Enterprise Reimagined journey — where we say goodbye to thousands of human jobs (who needs empathy and judgment anyway?) and hello to cutting-edge AI systems that, according to MIT, will... — read more
STL Post article -fluff piece
Nothing but a fluff piece. Regurgitated the corporate lines they were given. So sad, nothing about the culture being destroyed, outrageous executive comp and bonus levels when cutting people.
It’s shameful to discard employees so casually
Even record profits don’t stop leadership from letting go of the very people who created that value. We’re the ones who built this success, yet we’re being treated as if we’re disposable.
Tuesday Megathread
Day 2 of the Reimagining. Share any stories or updates regarding your day. Shocked and saddened to hear of demotions and pay reductions while ELT continues to rake in record profits for "Needs Improvement" results. Shame.
What’s the news like now?
ISPs, Demotions still happening today?
For those who make it through
Will you keep attending PP’s town halls?
Edward Jones is no more.
Today is a sad day. Edward Jones will never be the same. In the face of record profits and huge executive payouts the people that make the company what it is have been thrown in the gutter like trash. Those that remain will never have the loyalty... — read more
Another sleepless night
We take pride in being human centered but this entire charade has been anything but...... Monday we all had to sit in front of a computer with no meetings watching the time tick away just waiting for your turn. Everytime you heard the chime of your... — read more
The ? on Demotions
To answer the question and to address the theme - I have heard from my team and everyone dropped a pay grade. This was never about creating efficiencies - it was a simple money grab and cost savings. I feel for the people losing their jobs, and some... — read more
Affected Leaders!!
To the leaders , I would like to know if you had fewer than six associates reporting to you. I've expected heard that it is expected that all leaders should have a minimum of six associates reporting to them.
Here it goes
Good luck, everybody. At least we know it's done after today.
Dear ELT,
Unleash your Dear John letters. Tell them what they need to hear and air that dirty laundry.
No loyalty means no loyalty
Now that it’s clear leadership has no loyalty to associates, I think leadership is about to find out associates no longer have loyalty to Edward Jones. Talent stayed out of loyalty. We aren’t the most exciting company, not cutting edge, and not... — read more
is this normal??
I have been told that the firm will not be sharing any information regarding the # of layoffs, demotions, etc. And neither will divisions. In other words, no one will truly know the full scope of the impact. Is that typical? It angers me that we... — read more
Are people walked out immediately?
I'm sorry if this is a stupid question, but I've read in several posts that people were not even able to get their personal items before being escorted out. Is this true? I think it's incredibly inhumane if it is true, and adds another humiliating... — read more
Has the majority been notified?
Is it safe to assume that the majority was notified today and tomorrow will not be nearly as bad? Or am I just deluding myself?
Which Department?
Please post which department you’re in if you were impacted by the layoffs so others in those areas have an idea.. Examples; Finance, Demoted Tech, ISP Marketing, ISP
Tears for what was —-hope for those of you part of the reimagined future
I’m turning over many decades of sweat equity to those of you who will take this firm into the future. I trust you - my friends, colleagues and those I’ve been blessed to lead during my career I trust you to do your best to lead as you were once... — read more
If you are affected, will you keep your account at Jones?
If you are affected and if you have a Jones account, will you be keeping your money at Jones? I realize most of us are small fish to leadership so it probably wouldn’t even be noticed if I took my money out. I have nothing against my financial... — read more
Read please......
https://www.monkhouselaw.com/edward-jones-layoffs/
Tuesday
First, sorry to those affected on Monday. For those of us that didn’t receive a 1:1 or an email yet, well, just one more day: Tuesday. Good luck.
we made the list
https://x.com/TheLayoff/status/1960034314734961142
Penny Please Come Over to my House
Hi Penny, Could you please come over to my house tonight and explain to my children why a woman who makes over $29 million per year and runs a company which is on the verge of a level 10 bonus feels that their parent needs to lose their livelihood... — read more
Account disabled before meeting?!
Several of us with afternoon meetings have been kicked off the system and accounts disabled. My leader has no idea what's going on. I put in a ticket w HD. I thought we were working til 9/5 even if laid off. How am i supposed to join meeting later?... — read more
“Safe” emails not before Tuesday after hours?
Is this true? “Safe” emails will not be sent until after business hours Tuesday. This was confirmed by a DL, and my senior director. OP: @a8+1k3h3qmeb
Human Centered
I received an ISP today. I was given less than one week per year served in severance. I’ve been laid off before. Typically, the standard is two weeks per every year served.
New HQ Locations?
Maybe I’m just completely out of the loop, but there are some job postings on the external career site that are in random locations. One in Dallas, one in Salt Lake City Utah (assuming that one is the bank), and the third in West Palm Beach, FL?... — read more
Teams that were already affected
If some teammates have already received their notification, can the rest of us consider ourselves safe?
The safe email
Have any HO areas received this yet?
Some reminders for today
Big day ahead, and I know a lot of people are nervous. Just wanted to share a few reminders that might help if you get pulled into a tough conversation today: • Don’t feel pressured to sign anything right there in the room. It’s normal to want time... — read more
Praying for my colleagues
Heavenly Father, I lift up my fears and anxieties about our jobs and the future of Edward Jones to You. Please grant us peace that surpasses understanding and help us to trust that You are in control. Deliver us from fear, and fill us with Your... — read more
Phone Notifications
Curious if it’s just me/my phone, but I’ve noticed that I haven’t gotten any of my Teams or Outlook notifications on my personal cell today. If you have them installed on your phone, are you still getting notifications?
Reporter seeking info/comments
Hello, I'm a reporter for the St. Louis Post-Dispatch covering the layoffs. I can be reached at jsuntrup@post-dispatch.com and can also speak over the phone at 314 825 0735. Thanks, Jack Suntrup