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 

Now that Cascade 1 has concluded now comes the interesting part…. Does the firm decide to lift and shift and centralize jobs or commence a blood bath of ISPs. Long 8 weeks ahead of us folks…

Any idea why Penny’s Town Hall is now mandatory tomorrow?

Has anyone received their answer yet? The self imposed deadline is tomorrow to notify associates, and of the people that I am aware who accepted, none have received a notification one way or the other.

I've declined the VSP. Won't let readers know how I'm in the group for VSP email. I've decided though if something better comes my way, I'll give notice and move on. After so many years working and being proud of the firm I worked for.... no more... — read more 

I have been with the firm for less than 2 years with meets or exceeds ratings over the trimesters. My leader (team leader) has on and off hinted directly and indirectly that I should keep details (beyond availability) on outlook calendar visible to... — read more 

It’s another ELT member! Anyone notice Hema Widhani hired into the marketing ELT seat as a GP in NY? Resume includes time at Citi, so that checks out.

You’ll never get ahead. The few promotion opportunities that exist usually go to those who are skilled at office politics. The work is exhausting, the environment is mostly toxic and unhealthy in its competitiveness, and you probably won’t learn... — read more 

There’s this weird obsession at EJ with controlling every move. I’ve worked under managers who genuinely help, but more often than not it feels like you’re being watched instead of supported. If there’s trust in the hiring process, why not trust... — read more 

Now, they treat you like a number. If you’ve got skills they don’t understand, you’re ignored. They keep hiring folks fresh out of school and fast-tracking them while those of us with decades in the trenches are stuck. Not surprised so many don’t... — read more 

If you are taking full accountability for how we got to where we are then what are your consequences? If you believe in this so much put your money where your mouth is and work for only your salary this year. Challenge you to put all your 2025 GP... — read more 

I consider it one of the best decisions I’ve ever made. I just hope there are enough of us so that those who need the job won’t find themselves on the chopping block anytime soon.