Topics regarding layoffs at Edward Jones

Topics regarding layoffs at Edward Jones

Losing executive talent but keeping dead weight

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 …

Work-life priorities

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 

Captured Screen from Zoom Call

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

Finally found a new job

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’m Torn

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 

One of the 170

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.

Ante up Penny

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 

so sad

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 

Penny Needs to Step Down

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 

No Confidence in ELT

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

2 pm meeting

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

Amplify Org Charts

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 

ISP or Lifting and Shifting

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…

Anyone?

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.

Weighing my options

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 

What’s with the Micromanagement?

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 

Live from New York…

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.

Don’t get stuck here

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 

Micromanagement

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 

Dear Penny

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 took the VSP

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.

I feel bad for our branch teams

I’m in Service Division, which just hired 15 or so new employees, at the same time offering several of us VSP. These new employees will not know all the nuances that we more tenured associates (13 years for me) know in assisting the branches with a... — read more 

Jennifer Marcontell, former top producer

Since Peacock recently left, here’s the YouTube interview Jennifer did. It was an interesting take on this. Let me know what are your thoughts. https://m.youtube.com/watch?v=K076caqaiO0

Can't take it

I have never ever in my life have had to deal with such woeful incompetence from an established firm. I am at a loss for words. Absolutely no one knows what they are doing here. You have leaders who are confused and do nothing. We have mandatory... — read more 

Top FA Fired

Link below, Peacock was one of our top FAs. https://www.advisorhub.com/edward-jones-parts-ways-with-a-top-florida-broker-after-almost-30-years/

Dear Penny

There was a time when working at Edward Jones felt like being part of something rare and deeply meaningful - a place where people mattered more than politics, and where values weren’t just posted on walls but lived in hallways, conference rooms, and... — read more 

Why would we let go of good talent

What I don't understand is we have some great talent and great leaders. Edward Jones is letting go of people they have never come into contact with or know what they are responsible for. Great performers. Though, we have tons of folks that don't... — read more 

Career Help for Laid Off Employees

I am worried about getting let go are they helping anyone find jobs or getting carreer help? I heard that because it is VSP they are not . Does anyone know?

When does ISP take place?

Service department VSP offer closed yesterday, when do they start the involuntary separation for that department?

Next step for Penny..

What happens if folks don't take the VSP? Currently from a good source I heard it's not a lot of folks.

Why not VSP for all?

I don't get why the VSP wasn't offered to all of us. Only giving it to leaders and the rule of 70 people seems like they want to just cut the rest of us with and not give us a choice. They are letting the poor performing GPs "retire" so I don't see... — read more 

I don’t know what to do…

I was offered the VSP. I don’t know if I should take it. I feel like for every pro for taking it there is a con. And for every con for taking it, there is a pro. The severance is good money. But steady income is important. The culture is gone and... — read more 

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