I am certain GPs and Directors will get a nice fat severance. The rest will get a paltry 2 weeks/year. The folks who will feel the financial pinch more will get less in severance. Not sure how this is human centered.
Leaders Out
Old Man Frank Laquinta and Lena “ the spy” Haas are “retiring” and will be gone. Don’t let the door hit ya where to good Lord split ya!
layoff stress
Hello everybody many people today is stress out about layoffs, high maintenence customer, rude manager etc. Below us several thing you can do to help feel blessed no matter what the day throws your way for a healthy vegetable and fruit snack get... — read more
ELT Changes Coming!
So hearing there is a GP meeting today to share ELT changes. Anyone want to wager on winners and losers? I’m betting that the poorest leaders around PP’s table will remain. This is about the only thing she has been consistent in - tolerating weak... — read more
Knives out?
We know some people are trying to wait it out. However it seems that people who did nothing prior to ER are now using all their time to su-k up to GPs and backstab their colleagues. Other good people are so disgusted (and principled) that they'll... — read more
It's the waiting...
Hey all, I'm a team leader in tech and I wish I had any info on if I am good or not. I manage a pretty big team today (40+) and I'm constantly busy in the right way. Before coming to EJ I lived through these types of layoffs in other companies and... — read more
The Shameful Decline and Fall of Edward Jobes
As a current Jones FA, I can confidently say that there has been a steady decay in the trust of Penny and her executive team. Under her “leadership” the firm has declined in every area except AUM. Under her “stewardship” the firm has gone from... — read more
Living in an alternate universe
Edward Jones people- I'm talking to the ones that didn't drink the Kool-aid but were still proud to say you worked at Jones. I feel like we have been infiltrated by the enemy. Like what happens when African bees take over the regular hive. We are... — read more
Introducing the EJ “Reimagineers” (Disney pun intended)
Taking a moment to appreciate the top notch team that Penny has assembled to help her reimagine EJ: Lisa D: The tenured GP among the team who leads functions that will be familiar to branches such the Service Division (trainwreck), Real Estate... — read more
Perspective from HQ
Hello from Reimagination Land! It's too bad we are so isolated from FA's. I really feel as an associate and also as a client with Edward Jones you FA's should absolutely be concerned with the new quality of care you will be receiving. Do you think... — read more
Managing Partner at Onboarding
Had the third managing partner, now deceased, tell us at onboarding if we wanted to retire from Jones we could. Company currently has record long-term profitability levels. Current managing partner is internally asking for associates empathy while... — read more
For the People in the Back
“St. Louis, we have a problem” https://nypost.com/2025/04/04/us-news/edward-jones-is-secretly-doubling-down-on-dei-whistleblower-reveals/
Edward Jones #24 on Forrunes Great Places to Work
Increasing from #31... based on 2024 surveys... after they announced RTO... I call bullsh-t or it was waaaay overindexed to field responses. That doesn't align at all with CES results.
Has it started yet?
Since the announcement, have any associates been let go or have any roles been eliminated? It’s been weeks since they said this, but there hasn’t been any information since then.
Responsibility Based Performance Management Failure
Follow me here.. Edward Jones practices Responsibility Based Performance Management which means, in short, that each associate is responsible for their own development and fulfillment of their responsibilities. Okay.. All Edward Jones associates are... — read more
Local People are the Backbone
It’s so incredibly sad to see how the staff local to St. Louis is being treated. Even from the beginning when they started hiring people all over the US. there are plenty of qualified people in the local area. It’s a detriment to the local economy... — read more
Awful GPS
It’s bad enough we have the layoffs hanging over our heads. Now we have some of these GPS trying to aggressively save their own skin and throw others into the fire.
We'll pay for this
How many of us will be fired or laid off to pay for this increase in pay? I have no doubt that this will result in some cuts. It's always us who end up paying for those at the top, whether it's something like this or to make up for another one of... — read more
How tone deaf can a company be?? 16% pay hike for Penny, but laying off associates
https://www.advisorhub.com/edward-jones-hikes-ceo-penningtons-pay-almost-16-to-29-million/ Wow Just wow
For full transparency and accountability David Chubak and Ryan Littlemore should be in St. Louis home office three days per week.
David Chubak and Ryan Littlemore should be in the St. Louis home office location three days per week like the rest of us. No more hiding in NYC the whole work week on Zoom meetings.
Citigroup realized David C's mistake - Officially bringing Tech back Internally
The timing of these announcements is outright hilarious
Out with ordinary, In with the extraordinary
It's official... it's so over for EDJ. Penny has aligned EDJ with the other F500s to implement an array of change that just about every corporation has/is done/doing. We're not a special company anymore... we toe the line. So if Penny's ridiculous... — read more
Impact on HBA (remote) associates
Are there any indications that HBA(Remote) associates will be impacted more than St Louis based associates?
More details
Does anyone have a copy of the announcement? Need to see if the wording is consistent for everyone.
NYC partners
No wonder why they keep hiring people that refuse to live in St Louis. They can cut us and not feel guilty. Firm is being destroyed by McKinsey and Penny.
What is early retirement at Edward Jones?
I have been hearing that the firm could offer early retirement option to folks near retirement as a part of the reimagine process. What does early retirement mean? It is not like we have a pension program.
When will it start?
Does anybody know when the layoffs will start? I'm hoping it's going to happen soon to avoid too much unnecessary stress. Even if I'm on the list, I'd rather know right now so I can figure out what to do next instead of waiting and wondering for who... — read more
edward jones has too many home office people
i have been with the firm 4 years and we have too many people only working at 25% percent capacity. they should have done it long ago. some of the laziest entitled people i've ever seen
Close to retirement - I say bring it on
I’m ready to reimagine my life and finally start enjoying some of the fruits of my labor. I just hope that none of what’s coming will negatively impact people who are truly in need of a job, especially those with no other options at this moment, for... — read more
enterprise reimagined
thank you ryan littlemore for reimagining our enterprise
Tech Outages
Don’t worry guys, Tech has been told that any changes that result in an outage is an automatic Needs Improvement rating for the associate, leader, and director. Once all the good people quit, I am sure service will get better.
THE RICHEST MAN IN AMERICA
"I am the richest man in America. I have a wife who loves me in spite of all my faults. I have four dogs. Two love only me. One loves everybody. One loves no one but is still very loyal. I have a horse I love to ride around the farm, and best of... — read more
the axe is about to drop
stay tuned for trimester business update. elt oc have been planning this for months
FA released in CedarRapids
Any updated info on the recent FA released in Cedar Rapids? The RL shared any details?
Brace yourself
Layoffs coming next week abt 650 ppl
Technology
I am amazed at how far behind this place is with technology.
Share more information
This site has so much potential to help each other. As we watch teammates being quietly let go and replaced with offshore. And contractors told they are going to be hired full time then dismissed without a second thought. So this is budget cuts but... — read more
Digital Division DDO - DEI is ki-ling the firm
It's no secret that every F500 has bought and started implementing DEI across the board. Black rock/ESG, etc. Edward Jones is no different. Despite the thin veil of word-smithed keywords, and fancy corporate initiatives, DEI is and always will be by... — read more