Thread regarding Edward Jones layoffs

This whole thing certainly feels like a punch in the face. And waiting and not knowing is ki-ling me.

Get ready. Other financial firms, like WF, experienced this same thing not long ago. Empty promises that layoffs would occur gradually, only to have displacement occur the next few weeks. WF hit remote employees first, then those not in "hubs". All because they overhired, then moved all of those positions to India or replaced them with AI. All that to say, if you haven't updated your resume recently, I'd get started!.

Wish we could have an MP and ELT that has an original thought(s) when it comes to the direction and future of the firm for the past 6 years. All the ideas come from the NYC leadership team who have been at JP, Citi, BlackRock, etc.. They keep trying to bring those company ideas and push them down our throats to implement here. They are doing that or just using chatgpt like a magic 8 ball for decision making.

Predict that they go public in 5-10 years which would be stupid.

Very true, keeping hearing that from the associates that haven't been here 10+ years. They keep telling us how lucky we are because other companies don't even tell you.

We were lucky because Jones used to put employees first and would never even think about a layoff. It was get rid of contractors before laying off an associate.

Heard we will get 60 days notice and there is no guaranteed severance package like what the Operations area just went through.

The message we keep hearing from some of the NYC crowd is that EJ is doing this in a humane way with notice, severance, forewarning, etc. Other large financial firms would just cut folks immediately.

If I tell you I’m going to punch you in the face in six months or just do it now, you’re still getting punched in the face lol