Let's see, I was planning on retiring in the next couple years anyways so not only did I get paid for my retirement but RJ also said they wouldn't object to claiming unemployment so I have been collecting both state and federal unemployment this... — read more
Topics regarding layoffs at Raymond James Financial Inc.
just spent a half hour reading through all these posts. I had told myself I wouldn't do it but for my own peace of mind I did since I've been so depressed. I was one of those 550 last September and my entire world has been turned upside down. I... — read more
Isn't it great to see that Paul just bought another company. I believe this is the 3rd since last September when he changed the lives of 550 people forever with the a layoff that wasn't needed. He not only caused lifechanging impacts to these... — read more
If you got here researching Raymond James trying to decide if you should work there, DON'T DO IT. Need more details than than? Read the years and years of stories about working there below..... And I do mean years and years of stories. That says... — read more
I can't understand why RJ stock is so high. If anyone did any digging they would see that the application environment is held together with bailing wire and tooth picks. It's a house of cards. I hear management is terrified about doing a disaster... — read more
The biggest mistake the execs and leadership at RJ make is they don't appreciate their loyal and dedicated employees. They will penny pinch you but hire candidates from outside the firm for alot more (depending on project). Or they will hire an... — read more
I just accepted a position outside of finance. It’s not my dream job (at my age does one even exist anymore?) but it does have decent pay and benefits. I begin next week and am actually looking forward to it. It’s WFH and while the position is... — read more
The Boston-based firm has embarked on a 4,000-employee hiring spree. Over the next six months, Fidelity will hire technology, customer services and financial planning staffers. The firm recently handed out buyout offers to more than 6,500... — read more
Guess things have settled down as far as posting here goes. Hoping that some of those that were laid off can give us an update on how they are doing? It would also be interesting to hear from some still at RJ and letting us know how things... — read more
I received a package from Taben regarding our Cobra open enrollment. From what I can tell, as long as there are no changes, no action is needed. My understanding is that RJ is paying for Cobra for the 2021 calendar year, although payment coupons... — read more
Just look at RJ's stock price of over $118 which is a 52 week high. On top of that there are over 225 job openings on their website. What I can't figure out is why they let 550 people go in September, had record earnings, bought 2 companies and... — read more
Just got my taxes done. Even with RJ taking 20% out of my severance I ended up owing money. Many thought the severance was fair some don't realize that with the severance dollars applying to 2020 income many of us were pushed into a higher tax... — read more
The last time there was an employer contribution was 1/27/2020 which was for the 2019 calendar year. Shouldn't the people that were laid off get a contribution for 2020 (should have received it around 1/27/2021)?
Someone mentioned below it was important to do this as Ray Jay does not pay our fee's any longer..I think that's how read it. I was on the principal site this week and sold my ray jay stock.
I think this website is sponsored by big corporations as a way for ex-employees to vent a bit and then quietly go away. I see that the posts and replies have gone down to a trickle. I suspect this is for the best for those of us that were let go. ... — read more
I congratulate Raymond James on another record quarter. Thank goodness Raymond James let 550 people go to achieve these goals. Nothing better than to make massive money thanks to letting 550 people go. Good luck in your future endeavors especially... — read more
Did you hear about the recent Paul Reilly internal update? He said they were selectively calling back associates that were let go in September. I would go back, absolutely as a contractor making Paul's hourly wage. Sooner or later RJ is going to... — read more
Working at RJ is no longer good for my mental and physical health. How does Cobra benefits work? Can you take your life insurance?
Did you read about Paul Reilly's and Bella's pay cut yesterday. RJ announced that Paul's pay is getting cut 17% and Bella received a 10.5% cut. How sad to hear this. At least they still have a job. Why, why didn't RJ just institute pay cuts... — read more
I've spoken with one person who worked at JP Morgan..he's been interviewed for a Sr Software Engineer position that's currently open at RJ. He's well qualified..but I also know a few that were let go and have applied for this position. None of them... — read more
Well the new year has started and I still haven't found a job. I've been forced to sign up for early retirement just to get by. I'm also about to tap into my 401k. This is the thanks 550 of us got after months of promises from Paul that things are... — read more
Wishing those of us that were let go (and only those of us that were let go) a much healthier and happier New Year in 2021. Yes, I'm bitter and angry and sometimes wish bad things on RJ management for the decisions that they made with little to no... — read more
Did everyone hear about RJ handing out a $200 holiday bonus to everyone to thank them for their hard work? Another slap in the face. How do these execs sleep at night.
Thought I would post my New Years wish list and yes I am a bitter ex-employee. My bitterness comes from the fact that 2 weeks after 550 of us were laid off due to management making bad decisions we hear that RJ had a record earnings and then bought... — read more
I am still at Raymond and am looking to get out when it’s possible. The last round of layoffs has left a pit in my stomach that I just can’t shake. I used to enjoying working here. “It’s not work if you love what you do” used to be me in a nutshell... — read more
When I read that RJ agreed to buy Financo it felt like I’d been slapped in the face- again. Not only were we laid off due to “cost cutting” measures, but it came as another blow when RJ decided to purchase another company instead of keeping those... — read more
Let's see, back in September 550 of us were let go due to bad planning and covid impacts, last week RJ bought a company for lots of money and added over 300 employees, the RJ website shows over 175 job openings. Doesn't feel like RJ is feeling... — read more
So it was nice to see the profit sharing and ESOP numbers but I would much rather have a job than these dollars. Wouldn't it have been better to forgo these and let 550 people work. Oh and lets not forget about all the big promotions this week in... — read more
Isn't it fantastic that RJ has the money to buy another company and we 550 are struggling to get out of this hell. I hope Paul Reilly and his minions sleep well.
This is for those that are on Cobra and might have a spouse on Medicare, specifically if they are only on Part A, you need to get them onto Part B asap as they get flipped from Cobra (United Healthcare) now becomes secondary which is what I recently... — read more
I’m really struggling to cope right now. I’ve gotten past the layoffs (mentally at least) but to financially bounce back is such a burden at the moment. I’ve done everything possible to live below my means and even with that it looks like I’ve got... — read more
I just finished moving all my Principal accounts away from them. If you were like me and laid off don't neglect looking at doing something, if only to move the monies to your own IRA's. Once we were let go we got put into a different category and... — read more
Take a look at your profit sharing and ESOP. RJ made a small contribution for 2020 yesterday.
Hi all, those of you going on the RJ cobra be sure to check your coverage. I selected every option available, assuming RJ would pay for it all, but apparently they’re not. They aren’t paying for the flex spending account (if you have one). This... — read more
Being let go was the hardest thing I have ever gone thru. What is also hard is losing all the connections I have made over the years at RJ. What makes it difficult is the fact that with COVID there is very little face to face interaction and I for... — read more
For those of you living in Florida and still have not found a job you should have applied for unemployment. The process is a bit convoluted but you get thru it and yes $275 a week isn't much but it is something. On top of that Florida just... — read more
I decided maybe I needed to move this up further in the line. Does anyone know when profit sharing etc typically paid out? I was only with RJ 18 months and for our reduction in force, principal cut checks to me weeks before 10/16. I was actually... — read more
Interesting when people write comments here telling us how we should feel, what not to say, when they are not going through this layoff. It is okay to have these feelings, talk about them, and then move on. We have good days and bad days. You have no... — read more
I've tried staying in touch with a few of my friends at RJ as well as a few I knew that were let go on 9/15 when I was let go. Some are having it tougher than others, especially those that are under 60, have kids and bills. Most everyone I know is... — read more