From what I heard, Human Capital basically told leaders to take a training or read a book if they’re nervous about being laid off in the future. The focus should he gaining new skills. In other words, prepare yourself because it could happen. They’re also still playing the “we don’t know” game when asked about the India office. From what I heard, the earliest timeline is T2 of next year. Let’s be honest: with all the regulatory, legal, and logistical hoops involved, there’s no way they don’t already have a pretty clear idea of the plan.
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@ks , I've been telling folks all along EJ is setting themselves up to go public. The BIGGEST indicator was the new GP from other major corporations. Then the ISP/VSP and the announcement on the B shares.
@gc as someone at a STL competitor, this is the script. EJ is just about 2 years behind everyone else though. So, look at what others in the industry are doing.
I disagree with your last statement though. I don't think they'll be sold. I think they plan to go public. I just can't imagine how EJ would fit into any existing firm. You all are a little unique.
@jk The reduced capacity is nothing more than training your indian replacement. I've done it twice now and the risks we take with using contractors is getting more bold. The greed of using cheap labor for short term gains is disgusting and the GPs couldn't be happier. Since EDJ has to have peeps over in india all the time (legal reasons) these flights are costing a sh-t load of $. Enter the global capability center over there. It becomes a way for us to reduce travel expenses, but still use that sweet sweet cheap labor. Don't worry though, we will not offer them any benefits, bonuses, or LP offers. Money is now our God, act accordingly.
Leaders are saying with AI we should all expect 25% more capacity. But ELT isn’t saying the quiet part out load. 25% extra capacity = 25% future layoff opportunity. ELT will do anything to make more money.
@fv I know for a fact a survey was sent out because KJ in an OPS meeting in front of 100s of people addressed said survey. Level 9 and above got it, this a 100% fact. Asked if people were willing to move to STL/TEMPE in 2027 or 2028 or never. Other questions of do you own or rent, and would you own or rent when you move were asked. KJ passed it off as some "compensation research" BS but everyone knew that skinny bitter wino beyyotch was lying. The person you are calling a "troll" is dead on accurate and he/she apparently has been ahead of the curve like most of us here. Every horrible prediction we make comes true because the playbook is not a secret. It's the same one being used all over the white collar world right now by managers and CEOs who su-k at their jobs coupled with greedy insiders wanting to plunder as much as possible. Parasites if you will. Right now EDJ is being bled out and you still think this is the EDJ of 2018. WAKE UP!
@fv you’re correct. A package wasn’t “offered”. As survey was - grade 10 HBAs (might have been 9 and above, but sure it was 10) got surveys that they were asked about relocating? Those who answered yes will 99% be offered. Those who said no will be told move at your own cost or lose your job. Those grade 9 and below will just be let go because they weren’t surveyed. Because grade 9 and below can be replaced or jobs to India since it’s more service, admin, paperwork AI replacement jobs. Recheck to see if your friends got these surveys. Cause I can confirm our leader spoke about it all in our team meeting and … our leader said “hope you answered yes to possibly relocating” ¯_(ツ)_/¯
Pattern recognition is my specialty.
I called RTO happening in Jan 2024. No one believed me. It happened.
I said layoffs were coming… the service dept was cut and then the VSP email came out March 2025.
I called more days in office mandatory. Again, naaaahhh never.
It happened… again.
This whole time my leader acknowledging I’ve been right.
So… yeah… 2027. HBAs at a certain grade of driving distance will be told to move back/closer or lose your job. Lower grades will simply be ISP’d. And medical HBA will be reviewed closely against the actual ADA laws because remote does not have to be approved - esp for mental health issues.
By 2028 it’ll be only in office employees, probably five days a week, and EDJ will be sold to a public company.
BET ya, ELT nitwit.
Love “Troll”.
@fv Sometimes we have to be honest with ourself. They're no longer offering internal roles to HBAs without approval and the local associates are in the office four times per week now. As an HBA, what more do you need to see?
@fv if you weren’t offered a relocation package then that means you probably weren’t eligible. That should cause you some serious concern.
@dz I really need to stop reading this site as you are a troll and probably many of the replies here! I'm an hba, know many others and none of us were offered to move.
@dz You are probably right, but here is the catch that Ive noticed on the "front lines" with all these lofty ambitions made by detached clowns at the top. They are clueless as to how things work around here. VERY clueless. They are clueless as to how short handed and janky the day to day processes are even with 1000s of indian contractors. On one hand, the people like DC, KJ, etc make these big bold moves on paper, but by the time the reality of that decision gets down to a team level (or branch level), everyone is left scrambling or scratching their heads saying "you want us to do what??!!". The people at the top have a fixed arbitrary timeline that is aggressive and aligns with PP retiring, probably DC taking over, AND us probably going public at some point. There is so much broken at this place on the surface and even more broken behind the scenes that these id--ts are completely unaware of. This is not helped by having 100s of GP yes men who do not say anying on our behalf and don't have ba--s to speak up to the higher ups and say "this idea is not only terrible, but it will not work, period.". Nobody at the GP level cares about anything anymore except their payout. 2027 will be the biggest money grab/plundering/rats jumping ship event we have never seen. It will be more obvious as the AI bubble slowly pops. PP will continue to double down on insanity and steer the car right off the cliff.
If anyone feels safe at Edward jones, they are definitely kidding themselves. 2027 will definitely bring more layoffs, it’s probably gonna be all the HBA’s that were offered to relocate and didn’t take it. They’re gonna be told you either come back or you lose your job. And then HBA is that weren’t offered to relocation. We’ll just be let go. Not to mention in the office, and the huge projects that are taking place to get rid of platforms and go into one so that it’s automated with AI with Oracle. So… yeah. More is coming. No one is safe but the bootlickers.
So do the layoffs come before or after this alleged lp offering? Like?
Thinking they have a plan is kind of funny. You really overestimate the quality of exec leadership at Jones.
@ae yikes!! 2027 is getting darker
The leadership meeting a few days ago (where PP was AWOL again) was the biggest world salad of BS. So much was said, but nothing was actually said. No specifics on anything, almost as if it has come down to 2 options for the future.
1.) We have no clue what we are doing and are trying to fake it until we make it while not leading onto the fact that we are in over our heads and d-mb AF.
2.) We know exactly how this ends but can't spill the beans all at once because it will be a PR nightmare. We have to slow roll the final phases of destruction to avoid mass panic before PP leaves. PP is mentally checked out and is just counting down the days to move to Aspen.