Edward Jones’ “Enterprise Reimagined” Puts 9,000 Support Jobs at Risk

What’s Going on at Edward Jones?

Edward Jones is moving ahead with a significant internal overhaul — and thousands of employees who support its 20,000 financial advisors could be affected.

• The St. Louis-based investment firm has begun informing leadership that layoff notices will be issued by August 26, according to internal communications cited by the St. Louis Business Journal.
• Financial advisors are not at risk
• 9,000 support employees across North America — including those at campuses in St. Louis, Tempe (Arizona), and Mississauga (Canada) — may face job losses.
• The cuts are part of “Enterprise Reimagined,” a company-wide restructuring effort aimed at streamlining decision-making and reducing operational layers.
• Some employees have already accepted early retirement or buyout offers, and more formal layoff notifications are imminent.

“As a result, the size of our home office will be reduced,” a company spokesperson confirmed Friday.

Official Statements

In a statement, the company said it is evolving its internal structure “to serve more clients more completely” and to support both branch and client experience more efficiently.

• The goal is greater speed and ease of decision-making, according to the statement.
• Edward Jones is not alone. Morgan Stanley, Cetera Financial Group, Osaic, and LPL Financial Holdings have all trimmed their workforces.
• Analysts point to cost pressures and market uncertainty, especially tied to ongoing US trade and tariff policies under President Trump.

SEE ALSO:

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Your Severance Rights as an Edward Jones employee in Canada

If you’re let go from Edward Jones — without cause, for cause, or as part of a broader restructuring — you may be owed up to 24 months’ pay as severance. This amount includes:

• Salary
• Bonuses or commissions
• RSUs, ESPPs, and stock awards
• Pension and benefits contributions
• Vacation pay and allowances

What to Do If Edward Jones Cuts Affect You

Whether you’ve already been let go or suspect it’s coming soon, here’s what to do right now:

1. Do not sign anything without legal advice — severance packages in Canada are often inadequate.
2. Collect documents, including your employment contract, offer letters, termination notices, text messages, and internal emails.
3. Use our FREE Severance Pay Calculator to estimate what you’re actually owed.
4. Talk to Samfiru Tumarkin LLP employment lawyer who understands the tech sector.

Protect Your Career — Before It’s Too Late

At Samfiru Tumarkin LLP, we’ve helped over 50,000 Canadians — including Edward Jones employees and staff at other major global companies operating in Canada — recover tens of millions of dollars since 2007.

Our nationally recognized employment lawyers across Canada successfully challenge unfair terminations and negotiate stronger severance packages — often over a short period of time.

📞 Call us today at 1-855-821-5900 or request a consultation online.

Disclaimer: The materials above are provided as general information about the rights of non-unionized employees in Canada. It is not specific to any one company and SHOULD NOT be read as suggesting any improper conduct on the part of any specific employer, or a relationship between Samfiru Tumarkin LLP and a specific employer.