I am wondering what the number we are starting with is ahead of losing the 700 via GPs leaving, associate VSPs and associate ISPs.

Well there it is folks looks like 700 is the # by end of 2026. Funny thing those is the VSP is included into that 700 total so they only need 98 other associates to hit the 700.

As if waiting so long to find out if you will continue on with your role isn’t draining enough, the thought of being pressured as a hybrid associate to continue to show up in office during all of this feels absolutely NOT human centered. Imagine... — read more 

I know they mentioned something about it being performance based, but what does that actually mean? Is it looking at trimester reviews? Annual reviews? Leadership input?

Has anyone heard anything in regard to the ISP figures? I just do not understand how a firm can not come up with a number to announce that they are laying off _ number of associates. Especially given the fact they know who has taken the VSP. Every... — read more 

Link below, looks like Citi is reversing most of the IT layoff/offshoring decisions that were made under Chubak while he was there. Will history repeat itself at Edward... — read more 

Is it me or have tenured associates failed due to lack of leadership?

Watched the new series Survival Mode tonight and it was about the 2011 Joplin MO tornadoes. I got to share with my family that after that event Edward Jones went into the area and hired people into our Home Office. It was an attempt to give back and... — read more 

Let the merger & acquisitions begin ... — read more 

I am as frustrated as most. Today I had an ounce of optimism. Can the Edward Jones culture we all know and love outlast PP? She only has three years left max. Her legacy will be a scar on EJ history, but can the old culture survive her rein and... — read more 

The new CMO (who joined a couple of weeks ago) had an informal Q&A session this afternoon with all associates in EBM. One thing she noted was that EBM would take longer to define the org structure than the rest of the firm. The question on... — read more 

Some of the layers were addressed others were simply not. Some partners were tossed out not because their role was eliminated reducing layers as their role still exists on the org chart. This was simply ELT getting rid of some folks they felt were... — read more 

At the beginning of 2024? Earlier than that?

Anybody wonder if low level leaders like TLs, PDMs, etc will be replaced with Department Leaders? Or other way around even? DLs going away and TL and PDM report to Directors?

A couple of months ago, they had all grade 13 and above complete a career profile questionnaire. Does anyone know how that information will be used in cascade 2?

Unfortunately for our branch teams, they are receiving THIRD world class service, not what they were promised. Looks like it will get worse. Service Division is trying to get rid of seasoned associates (older associates), while continuing to hire new... — read more 

MARGIN CALL...HMMMM

Leadership keeps repeating it like a shield: “We’re taking accountability.” But come on, we all see what’s really happening. This isn’t accountability. This is performance. This is corporate theater, and we’re exhausted watching the same act play... — read more 

In over 100 years.

Heard back in 2001, that Technology (IT) brought in a consultant-turned-GP who asked everyone to submit their resume not for elimination, but for conversation. Every single person had a one-on-one meeting to discuss their role, their work, and their... — read more 

Have branches revolted yet at Summer Regionals?

Our ELT member confirmed ISPs will be communicated in August and that talent matching will occur with cascade 2.

Do you think the ELT members are getting paid for every time they use the word “accountable” or some form of it?

Real job security today means being ready for your next opportunity, not relying on one employer. Invest time each week in learning, networking, and staying visible. Even small steps like online courses or sharing insights can keep you prepared... — read more 

She mentioned that we over hired after 2020. So we are down sizing now. My question is why are we still hiring full time employees (NOT contractors)?

We need more capital to make investments for the future and that is part of what this reimagined is about? This is why you are forcing out partners and reducing the size of the firm? What are you doing with the 1.7 billion we have in Lp capital ? ... — read more 

Cascade 1 seems to have had unexpected outcomes - some excellent GPs being let go while some lousy GPs being retained and/or promoted. I wonder if those decisions were based on “protecting your friends” as opposed to truly assessing on capability. .. — read more 

tons of partners being exited as of June — some are quite talented… lots of dead weight remaining…. more money in ELT pockets - not Ted or Jim’s vision — the field should think carefully about lining the pockets of ELT …

They'll never say it outright, but this company expects you to choose between career advancement and family time. I've watched too many colleagues miss their kids' milestones for promotions that ultimately left them empty. The worst thing is that... — read more 

Thought I would share this nice photo of PP letting us all know how she is taking accountability. It is a good one to keep as a memory. https://shorturl.at/u7PSx

Took me almost eight months. Considering how horrible this place has been for the last couple of years and that my manager is a genuinely bad human being in addition to having no idea what he's doing, should I just walk out mid-project? I know it's... — read more 

I think the organization needs a change. I see the inefficiencies and the slow decision making. It’s frustrating and demoralizing to never see these great ideas transform from the PowerPoints (😂) into something tangible. Also, I’d like to see us... — read more 

Super proud of myself and the other 169 leaders with the guts and foresight to take the risk of the VSP. We'll all be known soon enough and I cannot wait to see you on the other side. I'll give LinkedIn references to anyone leaving with me.

If you are so accountable for this mess happening on your watch then you write a personal check to pay for the consultants that you do not apologize for hiring to help “get us” out of this mess? Zero firm dollar regardless of where they come from... — read more 

after many years of drinking the koolaid and having had some personal career success, it's so easy for me to momentarily get pulled into elt's insanity. I looked at the org charts and thought 'okay this makes sense'. But didn't take long listening... — read more 

At the town hall Penny took responsibility for allowing the firm to become bloated. She said we had to eliminate people for the first time in our history. She said it never happened before and it will never happen again. They say they are doing... — read more 

Holy cow, I didn’t realize our ELT was so bad. No integrity, no purpose, no inspiration.

Not sure why we are having this meeting. Its not discussing the Re-Imagined....... what a waste of time.

I just love that the ELT and Penny actually think that publishing org charts on Amplify constitutes good change management. What a bunch of imbeciles…. Everyone got their popcorn and beverage of choice ready for the townhall today? Should be a fun... — read more