I'm glad I left. Had a very nice ride as an FA. But I got tired of being lied to. I got tired of the double standard- GP's can break all the rules, but FA's can't. The 'woke or broke' theme just got to me. Ted would be furious if he could see what's... — read more
Confusion on ISP date
I thought it was going to be by end of August, but a coworker says no it’s by end of next year. Can anyone clarify this?
PP should resign or be forced out
If she had any ounce of decency she would fall on the sword, much like Doug Hill did or if the remaining partners on ELT had any stones, they would remove her. It’s the only way to save ANY face and salvage the firms reputation in this disgraceful... — read more
Digital KA town hall
What did folks think of the KA town hall today?
Opening and office in India and being acquired.
Thoughts on these rumors.
I wish I would've taken the ISP
I was offered the ISP but didn't accept. I am now regretting my decision. Does anyone else regret not accepting it? The environment is getting really toxic and everyone is becoming more and more cut throat and heartless. It makes me sick to my... — read more
Working 70 hrs/week
I’m an employee. And a friend who also works here at a different division is now working 70 hours per week after so many of her colleagues got cut. How is this making the organization more efficient? Can ELT pls explain? Are we expecting people to... — read more
Ready to wrap it up
Five years and counting. I’m damn good at what I do, but I know I’m never getting a real shot to move up. After surviving the last round of layoffs, I realized nothing’s ever going to change. I’ll just keep working hard to avoid getting cut next... — read more
Refusing to hire non-GP roles externally
They announced this week that in Cascade 2 only GP roles can be filled by external hires. Every non-GP opening is now strictly internal. This not only risks further eroding what’s left of our culture with more outside GPs, but also severely... — read more
Do branch teams even care?
I've heard FAs are cheering this on and want the cuts at HQ to go even deeper because they view home office as dead weight. True? Not true? If you're in a branch and reading this, I hope you understand how negatively this will impact you. I also... — read more
My productivity is gone
With layoffs looming, it’s hard to care about projects knowing I could be cut any week. Even if I survive the next round, there's always the one after that. How do people even stay motivated is beyond me.
Hope they reimagine Digital Product
Digital Product is the most inefficient division. The people there are technically inept and depend on outside vendors for even the most basic technical knowledge. All they do is get in the way of business getting its work done. Hope they reimagine... — read more
How many Hone Office employees do we currently have?
I am wondering what the number we are starting with is ahead of losing the 700 via GPs leaving, associate VSPs and associate ISPs.
10% - 700
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.
Hybrid Morale
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
ISP Criteria?
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?
ISP Figures
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
Chubak’s Citi Layoffs Being Reversed
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?
Is it me or have tenured associates failed due to lack of leadership?
We used to care
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
It’s starting
Let the merger & acquisitions begin ... — read more
Can culture outlast a bad managing partner?
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
EBM division associates in trouble
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
They need to lead by example
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
When did offshoring/layoffs start?
At the beginning of 2024? Earlier than that?
C2 and low level leaders
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?
Career Profile Questionnaire
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?
Third World Class Service
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
Like the movie...
MARGIN CALL...HMMMM
This Isn’t Accountability,,,,It’s a Cop-Out
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
Never Ever Had One
In over 100 years.
Cold, Silent, and Disconnected and Far From Human Centered
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
Summer Regionals?
Have branches revolted yet at Summer Regionals?
ISPs coming
Our ELT member confirmed ISPs will be communicated in August and that talent matching will occur with cascade 2.
I wonder
Do you think the ELT members are getting paid for every time they use the word “accountable” or some form of it?
Forget job security
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
Penny’s talk
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)?
Capital structure
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