I have been offered the VSP. I have accepted it but will wait to see if my acceptance has been accepted. 🙄 I have given my blood, sweat and tears to this firm for many years. In return I have gained so much knowledge, skill and wisdom. Over the years... — read more 

After about 6-9 months of actual gaslighting, PP finally ADMITS the firm is laying people off. Several weeks ago, my department is notified that 3,000 Home Office employees are being offered VSPs. TODAY, my department sends an email with a link to... — read more 

In one of the first announcements of ER, I remember reading that they identified a reduction of $250M-500M was needed in Home Office expenses. After PP stated these layoffs are not about money, I went searching for that blurb to no avail. I know I... — read more 

I'm in a new position and received VSP for Rule of 70.... not certain I'm going to last.... I'm a tenured associate and had a moment to almost walk out the other day. I find the Reimagined meetings like the movie "Groundhog day." Repetitive talk on... — read more 

That's all I wanted to say.

See below, even our “humble hustle” slogan was taken from Chubak’s time at Citi. I guess we added “hungry” in there to make it ours. Are we not capable of having an original... — read more 

Go Pacers!

Hi- does Edward Jones have noncompete agreements in place for employees or do any specific divisions have them? Wondering that ahead of time in the event I decide to leave. Thanks!

Hi - are there any non-compete agreements for associates looking to leave? Wasn’t sure if there was any certain stipulations. Thanks!

Your biggest obstacle might be your own manager. Mine spent months blocking my transfer because losing me would hurt his metrics. Had to go over his head to HR just to get considered for an internal role. The sad truth is that many middle managers... — read more 

PP made it clear that no plans to go public but she didn't say anything about a merger/aquisition. Large bank? Asset manager? Private equity?

I’m trying to have an open mind ……Trying to be engaged in the firms results Trying not to tune out elt members talking at us with positivity and enthusiasm when so many of us are feeling significant uncertainty Trying trying trying And... — read more 

Money hungry that is...

Is Tim still around or has his departure been announced?

I stumbled across the Edward Jones History book today (searchable on JonesLink) and found this fun tidbit about layoffs when Ted Jones was in office. This is not marked as internal use only. “In 1968, Ted called the auditors in for an emergency... — read more 

Why does EJ hire ambulance chasing failures that have zero financial literacy? We then elevate them to special DEI coordinator positions. These types of hires do nothing but cost the firm money and provides zero amount of service to clients.

My manager forwarded one of those "hustle culture" motivational emails yesterday, and I almost replied with my resignation letter. Why do we pretend burnout is a badge of honor? I miss the days when "quiet quitting" was just called "working your... — read more 

Tough to post as this may be my last as an associate of Edward Jones. I’m a Christian, and I know many of you are too (and if not that’s absolutely ok), so wanted to just start with a verse of the Holy Bible, it reads: Matthew 11:28: “Come to me... — read more 

Do we think this will happen if they do not have enough leaders/Rule of 70 take VSP? When do we think VSP & ISP will be offered to associates (non-leaders)?

"Invest for the long term, don't engage in speculative short term 'gambling'." I'm forced to take a gamble on my livelihood; should I take the VSP, knowing they may say no you can't have it or should I take a gamble that they won't terminate me with... — read more 

I've only been with the firm for a short amount of time, but from what I've gathered about Ted, I would suspect he would've been on the ground himself and probably pulling GPs and FAs out of the office to help clean up while putting all the pressure... — read more 

One needs to start questioning the $1 million dollar patio renovation for Penny patio.......

They’ve talked about being human centered during times of layoffs. I am on my division calls where only thing I see are scared and sad faces. Is this the best way to treat our people? I realize that the org is bloated. Our leaders are at fault... — read more 

Senior management insists that the Voluntary Separation Program is not about money, yet offering a VSP to 3,000 employees tells a very different story. One that no amount of corporate messaging can cover up. Especially when the company proudly... — read more 

If my separation date is six months from now and I found a different job in the meantime which will start shortly after separation date, will I get paid VSP severance and on top of my new job?

For those who were offered VSP, do you get to keep your LP if you do not meet the Rule of 70?

I know so many people who would have jumped at the chance to take a VSP at any point, but now they would refuse it because of the state of the job market. There are no jobs out there. Or, let me rephrase that, there are no good jobs that are willing... — read more 

If the VSP works for me, I’ll take it. If not, I’ll do the bare minimum until I’m eventually picked for layoffs. Honestly, it blows my mind that anyone still thinks people here are motivated to put effort into their work. There’s no trust left in... — read more 

In PP's video, it feels like the entire narrative around "Reimagine Everything" has shifted since it was first announced. Today, PP is saying this VSP isn't about cost!! That's odd because originally, it was about achieving our ambitious 2030... — read more 

I'm sickened by the 3,000 number. Honestly I wish I would be on the VSP list but my age + tenure = 65. Now I'm going to be left to take on even more work with the possibility of an ISP in the future. Where does this leave the people in the middle? I... — read more 

So the “why” behind the Reimagined strategy has been shared as changing while we’re in a position of strength…but then 4:37 into today’s video from Penny, she admits that “she’s accountable for where we are today and for these decisions”. Which is... — read more 

How is the CFO qualified to lead digital/tech? How is the current COO qualified to lead the functions without ever having the experience? I don’t understand.

I know things su-k right now, but at least some people were given a chance to volunteer. I know plenty of folks who will happily take that option, which means fewer people who actually want to stay will end up being laid off. It's far from ideal, but... — read more 

Penny stood up and claimed she was accountable for the mess created by the 10 layers of leadership but let’s be honest, that’s just lip service. If she were truly taking ownership, then why are all the GPs still collecting bonuses and raises like... — read more 

I don’t see a point trying to salvage a job when they are just going to cut 3k. Might as well cruise until doomsday.

“If you want to retire at jones, you will retire at jones.” Can we actually say this with a straight face? I would like to know how PP and ELT explain away this.

Can anyone summarize the key points of Thursday’s leader only town hall?

It is kind of obvious. No original ideas from the start. Immediately engages consultants. Uncultured thieves enter. Hand over reigns. Culture - gone. Here we are.

What is the firm's strategy in doing the VSPs the way they are? The rule of 70 has a clear intention, but the across the board offer for all non-GP leaders seems strange. The way they presented the reimagining and some comments on previous threads... — read more 

To the Enterprise Reimagine Team- If you are serious about efficiency and speed-to-market, take a close look at the Digital Product organization. Product owners add zero value. Most are technically incompetent. All they do is push papers, try to... — read more