Any news on that front?
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@1g3 hahaha, I wouldn't be surprised if they are keeping everything quiet right now until the LP offer closes. Then, the hammer will drop just in time for the holidays after everyone has signed off on the loan at the bank and EDJ gets that cash infusion for the GCC in india.
@1g3 Can we get more information? What's happening on that date?
October 30.
@10n Agree. Something (once again) stinks around here and they aren't telling the whole story. They have not learned anything from the train wreck of the last 2-3 years and will now continue to double down and stay course because 'muh timeline' in place by the head witch obsessed with her legacy. Role evaluation might be a "ho-hum" for a lot of people wearing the LP offer rose colored glasses. However, go look at what happens when other companies set up a friggin outsourcing "hub" in india and then have their US based associates "re-evaluate" their job titles. Do any of you kool aid drinkers see the big picture yet? ELT hates this place, they hate you, they hate Ted's legacy, they hate your midwestern culture, and they hate the pushback they have received from the peasants. These are not morally sane people in charge of this place.
My question - who or what area in the firm is addressing the FAs and AUC leaving the firm? THAT is the problem and in my area, nobody is talking about it. Somebody in the firm MUST be talking about it or addressing it, right?
And the India thing is a joke. We all know that will mean American layoffs. I don't know why we would do this given the resulting work will be lower quality and require more fixes rather than being done correctly the first time. Is this a McKinsey or a Deloitte recommendation? Or is it yet another consultant that we overpay to drive the firm's direction?
To pile on, what was with the town hall yesterday and that they're going to review - again - all of the positions at the firm? They did this with ER and now they're going to do it again? I feel like this is to keep a useless team busy b/c nothing changes and we all know EJ pays less than other firms.
We are still trying to clean up the disaster left from last year's bonehead decisions. Tech, Service, Operations, are a mess, so hopefully this is just rumor mill stuff.
I don't drink the Kool aid here any more, but I will say the sponsorships are smart. The SS Eddie J is taking on water pretty fast, and some big new changes like the sponsorships must urgently be tried to plug the holes, but it won't be a fast repair. The seas are going to get way choppier for our big ship. We ain't seen nothing yet. Wait until market corrects 20% or so and the resulting aum fall immediately knocks 20% off revenues and chews into net profit $ far more than that. Then you'll see the gp's round up way more peasants in attempt to keep their own pretty castles and chariots. Peasnts are dead weight to such aristocracy.
@ae 100% agree with you. The new branding and sponsorship partnerships they’ve done are so stupid and a huge waste of money.
Duke, UNC, Oregon, McClaren? Id--tic. Are they just given a blank check while the rest of us are getting laid off?
This is news to me if it's true. I'm sure something gross and malicious will be coming after the LP offer closes and we get closer to the end of the year. We have 11% higher outflows this year on top of record number of FAs that left in 2025, breaking the previous record in 2024. We have stopped releasing the data to the public on #s of FAs leaving in 2026. When you connect the dots, 2026 is not looking good and 'dear leader' is going to need to take that rage out on the peasants. So, would not be surprised if home office once again takes the hit and blame for ELT's continueous fumbles at everything they touch. Maybe if we just dump 10 million more in failed marketing Ads + sponsorships we will fix everything. Or, just hire more contractors in india because that seems to be working out great! 🤡