Investment firm Edward Jones is planning layoffs as part of a restructuring effort to better align with its strategic goals. Spokesperson Catherine Stengel noted that the size of the home office will be reduced, although specific details about the cuts remain undisclosed. The initiative is designed to strengthen the firm's collaborative, client-centric approach, ensuring it attracts and retains top talent. Despite the impending layoffs, Edward Jones maintains a significant presence, boasting over 20,000 financial advisers and $2.2 trillion in assets under care.
The initiative will "strengthen our collaborative, client-first mindset and alignment with our firm goals," said company spokesperson Catherine Stengel, but details remain undisclosed.
"This multi-year initiative will help the firm deliver exceptional experiences to our clients, colleagues and communities, and ensure we continue to attract and retain talent as an employer of choice," stated Stengel.
Edward Jones was recently named one of Fortune magazine's 100 Best Companies to Work For, highlighting its commitment to employee satisfaction and quality workplace culture.
Managing partner Penny Pennington emphasized the firm's extensive reach, stating that Edward Jones "is on every town square in America," showcasing its strong community ties.
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