I worked at RJ from 2013-2016, and was laid off from a small department under some very f—ed up circumstances (of which I'll omit here), but I did want to tell you all that life goes on and I promise you'll be ok. This will be nothing but a... — read more
Topics regarding layoffs at Raymond James Financial Inc.
That didn't take long. There jobs posted today on Raymond James website. If any of you are interested in returning to RJ, take a look. That is a big NO for me though. Just remember that you may have to pay back some of the severance if you get hired... — read more
I have been reading these postings from day one and decided to post something. After so many years at RJ there are still days when I feel sad for what happened to us. Yes I know that's the way business works but still it's not easy after many years... — read more
RJ is one of many jobs. Not saying it's easy to find a new job. Especially in the current environment. However, let's do what we can to help each other to make it a bit easier. Please list any career/job opportunities you have found and companies... — read more
I heard rumors that more layoffs might be coming in October, does anybody know more about this?
How many of us who were laid off would have agreed to rolling furloughs, temporary reduction in salary, or reduced hours to be able to keep our jobs? I personally would have agreed to all of these if it meant STILL having a steady income as opposed... — read more
It sure would have been nice if it was made clear in the severance package if we are qualified for Profit Sharing and ESOP. I know if you are employed on 9/30 your are supposed to be but since we are marked "inactive" how are we effective? We are... — read more
Just wanting to confirm with others here that we are to wait until 10/16 at the earliest to sign the severance agreement. Is that how others understand the verbiage in the packet? A few folks thought they had to sign right away but I understood... — read more
Plenty of older workers espeically boomers who bring very little to the company but show up everyday and expect a check. Cant train them new things or tell them anything for that matter since they know it all. Cant blame them for trimming the... — read more
I wonder why they didn't ask for volunteers? I know many who would have taken it.
So many of getting severance are going to hit some really high taxes. Here is a suggestion for you to consider but you need to do it before 10/1 so it makes it to RJ from Principal. If you were doing Roth 401k switch to the regular 401k where the... — read more
The FAQ says: "You will be paid through October 16, 2020, on the normal payroll cycles." Is the final payroll check on Thursday, October 15, 2020? What about Friday, October 16, 2020? Will we get paid for that day? On October 15? On October... — read more
RJ leadership, especially IT/IS gets off on these situations. They went for c—tails when the deed was done I'm sure. And they'll be happily golfing and boating this weekend. I empathize with you all. Not the first time they've done this, won't be... — read more
Amazing that a caring culture firm Chose to hide behind a pandemic to lay off people. These lay offs were a long time coming people - True fees were down, interest rates are low and projected to be so for some time per the fed - but these budget... — read more
I was one of those unfortunate enough to be let go in this round. Unfortunately, I was only with RJ for 3+ years and was just beginning to think that I like this company, based on their calm response to the pandemic. Guess the management showed me... — read more
Raymond James Advisors, Customers Lose Account Data Access all day (September 17)
So when I first got the job I was told no testing was needed. A few weeks in I was told I had to get the series 7. So ok cool I’ll get it whatever. Failed it by a point, and got an extension to take it one more time. The deadline for my final attempt... — read more
Everyone that got laid off, please be sure to withdraw/transfer all you can from your RJ accounts, as soon as you can. If you don't, you will be paying fees and commissions up the ying yang!
so much legaleze...anyways all the package says as far as monetary compensation is a lump sum. Nothing is broken out to show me how they came up with that number. very sneaky. Of course I will be signing it but it would have been nice if there... — read more
I woke this morning in a haze. I have no animosity towards my coworkers who survived the cut. In fact I wish them the best. I cannot say the same for the company. I have feelings of anger and disgust for being lied too/misled into believing we could... — read more
There are so many messed up things about this whole situation! Not the least of which is that I (still) haven't received any details in writing. The general public knows more about the "generous" severance package than I do based on several media... — read more
I was not impacted by the layoff. I am fortunate for that, because I have some semblance of security. That said, everyone who remains is angry. Not necessarily because of the layoff itself, but the misleading messaging leading up to it. All... — read more
Also got laid off yesterday during a cold Zoom meeting. I did not expect that because in a way I believed in the "family culture" and families stay together during difficult times. I was hoping to keep working at RJ, keep doing a good job and retire... — read more
My imagination or are most of those let go non-Indians? Is there a bigger 'outsource' plan in the works??
I heard from a co-worker this morning that my old manager had a team meeting late yesterday. In it the manager said, “we will get through this, after all we are family “. He told me he nearly choked. There is no family anymore at RJ. If you are... — read more
I feel for everyone this has hit. Been with the company for years, hard to believe it’s come to this. I am devastated. How can this company say we’re safe from cuts then do this in the next breath? How are we expected to rebound from in the middle... — read more
Wondering if RJ will payout our sick time. I know if you leave you lose it. We didn’t leave
I don't know all the people who were laid off yesterday, but those that I do know are some of the best workers this company has ever had. Why in the world would they choose to get rid of them? I don't want layoffs on anybody, especially during a... — read more
Lots of good people lost their jobs yesterday. Logging on this morning, even remotely, there’s a big void in the firm. Hope you all keep your heads up and land on your feet. Join LinkedIn or get active on it and network. There are jobs out there... — read more
Raymond James was simply a resource and not the source. The Lord will bless you with another resource. It’s hard to trust what you can’t see but if you believe in the Lord you know that he will always provide. We are praying for everyone affected by... — read more
So here is an interesting question. Not sure if anyone reading can answer. So we are laid off and paid until 10/15. So RJ fiscal year end is 9/30. I seem to recall if you are employed on 10/1 you qualify for Profit Sharing and Stock. Will we... — read more
1) Get a Zoom invite from your manager (Subject: Catch Up) 2) Listen to a script on the call - you are toast - position elimnated 3) Wait for your mail package - they will tell you what's in it 4) Bye bye 5) Your access is gone, sorry 6) Walk to... — read more
Numerous layoffs at the bank across the board and many departments. In big money making centers, not back office but associates that manage accounts. Laid off via zoom this morning. Been there for over a decade and they preach that we are one big... — read more
Do you know how does the actual act of communicating that you've been laid off happen? What do they tell you? How long does it take? What do they tell you? Thank you?
Can somebody please share severance info? Is it a month for everybody or is it based on years with RJ?
well I was just called by my manager and my manager's manager. they read off a script and told me I'm laid off effective immediately. I will be paid for 1 month and 1 month of health insurance. what a way to find out especially with the amount of... — read more
Rumor has it, the executive board has been beating around the bush for years now about a consistent firm-wide work remote policy, which everyone knows will become a necessity in the future in order to recruit good talent. Turns out not even a... — read more
I'm not even sure where to start with how awful some middle and senior managers are at this place. They are disrespectful and verbally abusive, most of the time their yelling can be heard through several walls. They are dismissive of everything we... — read more
Here it goes: Raymond James Commission Fee Class Action Settlement A $15 million settlement has been reached that will end a pair of class action lawsuits that claim Raymond James Financial customers were unfairly charged for sales commissions... — read more