From what I am hearing, most of folks on ISP list will be DLs. Given the objective of cascade 2 is to reduce leadership layers, it makes sense. GPs/Directors will save their skin and throw DLs under the bus. Skills, capabilities and performance... — read more
Is the aim to offshore everything that possibly can be offshored?
Is that the end goal?
Mental torture
That is exactly what this feels like. They are letting us wait this long, making us stress, worry, and think about our livelihoods potentially disappearing next week every hour of every day. Why would they prolong it like this? Can anyone give me a... — read more
We still don’t know who’s likely to be hit?
Any rumors at all? I seriously doubt they’ll limit it to just redundancies. I expect they’ll go after experienced, skilled veterans too, because that’s what everyone does. Knowing your job often comes at a cost. I’ve yet to see layoffs, here or... — read more
What happens to the LP if
There's been a lot of discussion about EJ potentially going public or being acquired. I don't want to spark a debate on whether it will happen, can happen, or if it should happen. I'm just curious about what will happen to the LPs? This was one of... — read more
Who’s looking for an ISP?
Is there anyone who is hoping they get an ISP Monday? I don’t know how much longer I can handle this clown show.
Gratitude in Times of Change
Today, I’m feeling profoundly grateful. Grateful for our firm’s relentless momentum. Grateful for the opportunity we all have to be part of something bigger than ourselves. And grateful—truly—that so many of you still have the privilege of calling... — read more
Pooling?
Has anyone visiting this page been impacted by the pooling process discussed a few weeks ago?
I’ll go nuts before this is over
I don’t care about the job itself, I just badly need it. I’m in a tough spot in life right now and can’t afford to lose this job. I know I’m not the only one, but I’ve got so much on my plate that the possibility of being laid off absolutely... — read more
F*ck PP and her Cronies
This firm sold its soul awhile ago. PP can keep smiling that creepy smile and tell you it's going to be alright but it isn't. Her and her friends will give themselves more bonuses, bigger salary increases until this firm is either bought or goes... — read more
Will you reapply for other positions if affected?
I'm wondering if anybody takes the 60-day thing seriously or if everybody believes it's just bullsh-t.
Another sleepless night incoming
I envy those of you who can set this stuff aside and actually get some rest. I’m so wound up over what’s coming that I already know I won’t sleep a wink tonight, which just means tomorrow will be even worse. At least I have this site to obsessively... — read more
An Education on Partnerships: By Anonymous
Partnerships are business entities owned by the employees themselves. This is different from publicly traded companies that are owned by stockholders, some of which may have a controlling interest. See: Walmart and the Walton family. (RIP Sam, friend... — read more
Sorry to you all
I don’t work there, but I’ve watched what this place has done to my sister. She’s given them everything—early mornings, late nights, weekends, endless events. And she’s not the only one. So many of you have sacrificed your time, your health, even... — read more
One Positive To All This...
For many of us that have been at Jones for a long time, we have experienced completing employee satisfaction surveys (i.e., CES fka SFA) - often with only the ability to provide feedback on a non-GP leader and the firm overall. One positive that may... — read more
What time of day?
What time do we think they’re going to send these emails/meeting invites? Is it going to be the first thing in the morning on Monday so everyone can mentally check out all day or are they going to wait until like 4pm as they’ve done with several of... — read more
Any telltale signs you are on ISP list?
The suspense is ki-ling me. People in the know - are there telltale signs that I am on the ISP list? I would like to go into the Aug 25/26 call knowing what to expect.
Nominate a TL or DL
Who in their right mind would "nominate" a TL/DL for anything going on in our toxic environment?
HR called and morals didn’t make the headcount
Their moral compass must be in the same budget line as the 1000-1200 jobs—cut.
Are Department Leaders and Team Leaders toast?
Cascade 2 ISP decisions are being made by GPs and Directors. And, the objective is to reduce leadership layers. That means GPs and Directors will save their own skin and sacrifice DLs & TLs in cascade 2. I expect GPs and Directors to increase their... — read more
August 26th (no work day, sick out)
They have already made these decisions. It doesn’t matter what we do but we can show them how powerful they are if we just don’t show up to Work on the 26th. No call, no text. Just let them know it was a family emergency the next day. Who’s in to... — read more
How to stay calm?
The last few days have been nerve wracking while waiting for the ISP decision. The next few days are going to be worse. What is everyone doing to stay calm and maintain your sanity?
Is EDj being acquired by DC? Nothing makes sense. That does though.
Offshore, firings, opening an office in India. The Citi playbook. DC acquiring EDJ is the only thing that makes sense. Nothing else does.
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... — read more
WARN Notice
When does a company need to file a WARN notice?
1200 Associates
I keep hearing that 1000-1200 associates are going to receive the ISP. This would be a substantially higher number than what have been discussed related to Reimagined. Is anyone else hearing similar rumblings?
Once cascade 2 concludes will we hear crickets
Once cascade 2 concludes we should hear crickets, right? Sourcing and Shoring will be the next part of Enterprise Reimagined in 2026.
Grades
If grades change up/down prior to 8/31 then I assume bonuses for T2 will reflect using the new grades.
Make the field remember
ER is swept under the rug for the field. The jargon makes it hard to remember that GPs, LPs and coworkers are being laid off. Some of us search it out, but most don’t see what is happening at all. MP dragged this out so that it does not seem like a... — read more
Years of Service
Does anyone know if past service years that had a break of more than 5 years count in the ISP severance pay?
I’m anxious about the upcoming layoffs
It’s not that I’m particularly attached to my job here. I’ve been with EJ for over five years, which feels more than enough. It’s a solid addition to the resume, but beyond a certain level of engagement, there’s not much on offer in terms of... — read more
Meeting or Email
Meeting or Email. Which one do we want to get?
Instructions for 8/25
Our L3 GPs got instructions on what to do when delivering 1:1 message. They need to stay on video but associates don’t have to. Is it because they think associates will start balling? Also, they will offer associates time to absorb the news so... — read more
showtime
I recently chatted with a friend who specializes in restructurings, and she shared some thoughts on reimagined. The duration and scale of this consulting project indicate that the target for headcount reduction is more than 15%. ISPs are probably... — read more
Stressed
The only time at EDJ a secret wasn’t leaked early. Leadership, feel free to anonymously drop any info you know, please. This year has been tough waiting for this info but the alternative is getting a meeting request out of the blue and you’re gone... — read more
Is it possible to return after being laid off?
A buddy of mine got laid off and was actually told by his company to reapply for his job a few days later. I didn’t even know that was a thing. Is that a thing at Edward Jones as well? Has anybody seen or heard of it happening? It makes no sense to... — read more
Release date? Check. New job offer? Check.
Wish I could give the big middle finger to my awful boss but I will have to console myself with the severance check
The job market is rough for anyone over 50
Companies see experience as expensive and hire cheap, low-skill replacements. Even those who manage to land something end up with pay that's usually way lower than what EJ offered. The dedication and quality work people used to bring doesn’t matter... — read more
Unionization
Serious question: seems like our leadership team has no idea what they are doing, never mind the chaos and uncertainty of ER. Why don’t we just unionize and take some power for the employees?
Basic human decency isn't that hard
I find it shocking that after months of uncertainty and fear, leadership can't be bothered to (1) guarantee a phone call to discuss your fate or (2) loop in lower level managers to have that conversation.