Use this as your “like” button if you believe that “Enterprise Reimagined” is a sh*t show.
WOW
This week so far has been a Charlie Foxtrot. Leaders aren’t ready for their new team. In Service Division, our schedules are a mess, huddles are scheduled where there shouldn’t be one, 1:1s not taking place with new leaders, etc. Who thought this was... — read more
Investigation into Placement Decisions
I heard there will be an investigation into the placement decisions. Specifically, those who were demoted, received or pay cut or ISP'd. The investigation will be focused on them being replaced by others who were less qualified and/or based on... — read more
Updated Capital Structure
Has anyone heard any news or details on the updated capital structure that was alluded to being explored to back in March? The only thing I've heard is that those leading the work have been going around to GPs and SLPs to get their feedback and... — read more
Is there a potential for HIRE act to derail outsourcing?
Thoughts on if this would derail outsourcing work? "The bill, introduced on Friday and known as the "Halting International Relocation of Employment Act" or "HIRE Act," creates a 25% tax on "outsourcing payments" which are defined as any money paid... — read more
Change function?
Did they get rid of transformation office and the change function? Do we just send out amplify articles and call it change management?
Where are the jobs?
"roles open the week of September 8th." Really? Nothing today, apparently...not like they didn't have months to figure this out. Perhaps there will be scarce roles and hundreds of demoted and ISP'ed people picking over them.
HBA WARNING
If you are a HBA - time is limited. Going forward in office roles are preferred and HBA roles will only be allowed to apply internally if approved by ELT. What a terrible experience for those of us who were hired as HBA. I would’ve stayed with my... — read more
EJ App/Online Access Outage
I can't log into online access to see my accounts via the app not the website. I expected things to break but I figured it would be internal processes and products...not a client facing outage with no communication. Does anyone have more info on... — read more
Layoffs are not temporary
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.
Town halls are so frustrating
Leadership tries to make everything sound reassuring, but it's so easy to see through the scripted lines. The tough questions never get answered. They just conveniently ignore them every single time. It’s more than obvious that it’s all just for... — read more
Policy on applying for internal open roles
As a part of Enterprise Reimagine, I was moved to a different role within the same division without change in title, level or pay. But I am not that excited about my new role. Do I have the option of applying for one of the internal open roles?
More clarity soon?
I wonder if there will be more clarity soon? Seems like there still needs to be some things figured out with how teams are aligned now.
Culture is built, reinforced or destroyed by leaders…
The founders of EJ (including Ted himself) knew this and used that understanding to build a virtuous cycle of success that became Edward Jones. Trust built commitment, commitment fostered ownership, ownership supported loyalty, loyalty fueled... — read more
Hush little baby
Don’t say a word.. Davy’s gonna buy you a mockingbird.. and if that mockingbird doesn’t pay… you’ll get to keep your benefits and LP. ASK: does anyone know how many huckleberries got demoted and how their pay/ pay progress was impacted? Why is that... — read more
A Toast To ELT
Since we've Reimagined the values on which this firm stands, let's get rid of the Toast to Ted and Toast ELT: You've truly discovered the secret inGREEDient to success. The revolutionary way in which you've enriched yourselves and your friends... — read more
Dear ELT -CharGPT use
Dear ELT, Since it's known that members of your team monitor this site, I would like to talk to you about your use of ChatGPT in writing firm wide correspondence. ChatGPT has a few idiosyncrasies that make it's use obvious to anyone that knows... — read more
Glassdoor reviews,.etc - go light them up
Don't forget to go to Glassdoor or other sites that potential talent might use to peek behind the curtain before interviewing and light them up. Be sure people know what a toxic place they've become.
We’ve seen the stick, where’s the carrot?
If the firm expects or wants remaining associates to stay with the firm, you’d think they would give them a reason. Where’s the enhancements to comp, benefits, profit sharing, etc. that were dangled nearly two years back and mentioned again a few... — read more
New week
Hi y’all I hope you had a good weekend. As we look to start this week in our new reality, I feel so energized and proud to see our progress that we made in the last 6 months. We’ve managed to cut away less useful roles, brought in people that we... — read more
Ypsilanti incident
Diversity consultant/trainer caught in profane tirade at McDonald’s. This happened in Ypsilanti. She’d just attended a conference in Detroit. https://www.youtube.com/watch?v=QR5GAeOeOs0 She’s still employed but her coworkers (who could be compared... — read more
"Fired with Cause" - NOT - by Edward Jones
When my husband was diagnosed with stage 4 cancer my FA told be to look after my husband and my family, that my job would always be there for me. He had arrangements for me to work from home when things were bad after treatments and boy were they... — read more
Layoff Walking Challenge cheaters
It’s always pi---d me off looking at those people that immediately have 30,000 steps at midnight. Ain’t no way you’ve covered 30,000 steps. Also those that have 30,000 steps everyday of the challenge Those are the people with no integrity and ought... — read more
I wish I’d been demoted
In this job market, that would have been a lot better than being laid off. I'd trade any of you demoted folks in a second.
Why not let Magic Johnson or Simone Biles let us go?
Penny - why pay a speaking fee of $200,000 each to hear their motivational speeches? You should have hired them to give us pep talks about “Dribbling up the middle on our resumes” and the “Uneven bars of life”.
Facing this week
Last week many were told they could work from home. Now I'm facing going back in to the office knowing several teammates are gone and I've been demoted. My new team knows I was demoted. None of them were even impacted, so it feels like they cannot... — read more
The Irony
That they fire 259 people the week before Labor Day, the day the country celebrates the working population. A little insensitive, no? Unnecessarily cruel? But I guess when you have millions you don’t need a sensitivity chip. Read the room Penny.
Still waiting to hear about one good or useful “reimagined” thing
All I see is frustration, anger, and disarray. Morale wasn’t great before, but now it’s completely tanked. Yes, I still have my job, but I feel sick just thinking about coming in tomorrow. Things can be done well and for everyone’s benefit, or badly... — read more
How ironic tonight in St Louis
We're at the St. Louis City soccer game. Guess what the promotional item is. Edward Jones sponsored lunch box. Seriously the weekend of he-l week? It sure got people in St Louis talking about how sad and disappointed they were of what happened... — read more
What’s important
This is the true joy in life, being used for a purpose recognized by yourself as a mighty one. Being a force of nature instead of a feverish, selfish little clod of ailments and grievances, complaining that the world will not devote itself to making... — read more
No Confidence Vote for MP
Heard there is a small contingency of GP's discussing a no confidence vote for Penny. Has this ever happened at the firm?
Know Your Value: Q&A with Citi's David Chubak
The following transcript is Q/A with “Pondscum” in 2015 along with a 2017 YouTube video of him practicing the same talking points he spouts today. This parrot needs a new cr--ker. https://youtu.be/vxs9phSWz_U After the event, I caught up with... — read more
Early Exit and Termination for Penny?
Since this Enterprise Reimagine was so bad, who will take responsibility? There are loads of complaint from field and survivors, who should take responsibility? Also hearing that this is the master plan that Chubak wants Penny to do ER so that he... — read more
This place is ruining my health
I'm so tired of this cr-p.
What does demotion mean?
I sympathize with leaders and associates that have been hit with demotions. As a part of ER, does demotion mean lower title, lower salary grade or reduction in current salary?
McKinsey and Company is the one that runs the firm now
Demoralized by your peers feeling forced into accepting VSPs? Shocked by the ISPs? Me, too. Now the additional layer as been revealed - the quiet demotions. Make no mistake, this is quiet firing. They want to make people miserable so they leave on... — read more
What's the procedure?
I just found this forum, and I tried search but it's not really helping. I haven't been here long so I'm not sure how layoffs work. How do they let us know? Is it 1:1 or in a meeting? Are people done right away or is an end date provided? Basically... — read more
Trust is Broken
I really thought that after this phase that I would find reason to believe in the firm again. The opposite happened. It’s clear to me that this is not a place I want to work. Even though I’m safe, my faith and trust in leadership is broken forever... — read more
Penny’s Page - September 1
Hey y’all! Hoping you had a relaxing Labor Day weekend - I hope this Labor Day allowed you what I call the “3 Rs” - it brought you time to recharge, reflect, and reconnect with what matters to you most. My fourth “R”? “Remember” to sign your... — read more
259 Layoffs - Times are tight
Last year Penny was compensated 29 Million Dollars. If each person laid off had total income of 100,000 including salary and benefits, the total cost is 25,900,000. So if Penny took one for the team she would only made a paltry 3.1 million dollars... — read more