Thread regarding Raymond James Financial Inc. layoffs

It's been a year so how is everyone doing?

Thought it might be nice to hear (anonymously of course) on how we have been doing since 9/15/20 when 550 of us were thrown out with the dishwater.

For myself after working for RJ for well over 10 years I had the humbling layoff/firing. Loyalty meant nothing, weekend work meant nothing, disaster tests meant nothing. I was lucking due to preparing for my eventual retirement (was just turning 60) so I was maximizing everything I could such as retirement, HSA and savings. I also over time had increased my vacation hours to the max allowed for me and used sick/pto hours for occasional days off since I knew those hours would be lost. Then the day came. I did get a significant amount of money from RJ in addition to vacation payout and a year of Cobra. Finally I was able to get unemployment for 8 months. I have now signed up for Social Security (had to take at 62) and am fully retired. I did try for 2 different RJ jobs but nothing happened. I am happy with my wife, health and grand children. I feel bad for those still at RJ. I've stayed in contact with a few and moral has never been worse.

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| 1281 views | | 3 replies (last September 7, 2021) | Reply
Post ID: @OP+1cHimpwI

3 replies (most recent on top)

Mid 50s here with 21 plus years at RJ.....I am one of the lucky ones who was able to find a job relatively quickly after getting laid off.....same money, slightly worse benefits but good people -

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Post ID: @1mup+1cHimpwI

Things have not gone well for me. I'm 62 and it has been impossible to find any reasonable job. I am not going to work in fast food or retail. I worked in IT for nearly 30 years. Luckily I had a halfway decent severance and Cobra. The last few months at RJ were fine and I was doing my job so I was very surprised that I was let go. I hope Paul Reilly has an incident where he is on the front page.

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Post ID: @ydn+1cHimpwI

Nice to hear you are doing ok under the circumstances. All I can say is that RJ (think Paul Reilly) ruined my life. I am sure he doesn't care. I've had to tap my 401k. I'm in my late 40's. I tried for multiple positions at RJ with no luck and then I was able to get into a nice smaller company here in St. Pete. No politics, just a nice job. I'm making about 15% less than I was at RJ but I don't have to worry about someone (Paul Reilly) stabbing me in the back. My kids are doing good. They were very worried about me as was my wife. I love them all. Don't ever consider going back. Let them have their 450 open positions and 3 for 2 stock split. They will crash some day.

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Post ID: @voh+1cHimpwI

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