“Enterprise Reimagined” reshapes Edward Jones: 259 laid off, 552 took buyouts

What’s Going on at Edward Jones?

Edward Jones is deep into a major operational restructuring — and 811 support roles have now been impacted across North America.

• The St. Louis-based investment firm laid off 259 home office employees this week, following months of uncertainty surrounding its “Enterprise Reimagined” initiative.
• Earlier this year, 552 employees accepted voluntary buyouts, bringing the total impacted in 2025 to 811 home office staff, according to the St. Louis Business Journal.
• No financial advisors or branch team members were affected, the firm said.
• In a statement Thursday, Edward Jones confirmed the cuts were focused on its US and Canadian operations, which span offices in St. Louis, Tempe (AZ), and Mississauga (Canada).
• Layoff notices were delivered Monday and Tuesday, with no public disclosure about severance terms or reassignment outcomes.

“Through these programs, the firm streamlined its US and Canadian operations and created the foundation for a more effective home office,” a company spokesperson said.

Official Statements and Internal Context

Edward Jones framed the layoffs as part of a larger effort to modernize operations and better support its 20,000 financial advisors.

• The company said it is restructuring “to serve more clients more completely” and to increase speed and efficiency in decision-making.
• As of June 27, Edward Jones reported 9,455 home office employees spread across all 50 US states and five Canadian provinces.
• Its total workforce — including part-time and branch employees — stands at roughly 55,000.

Despite the cuts, the firm says fewer than 2% of its total workforce was directly impacted by layoffs.

• The St. Louis Business Journal notes that Edward Jones had 5,446 employees in the St. Louis region earlier this year — a 21% drop since early 2019.
• The company has not disclosed how many laid-off employees were offered redeployment or faced pay adjustments.

Industry-wide Trend

Edward Jones is not alone in reshaping its workforce.

• Financial firms like Morgan Stanley, Cetera, Osaic, and LPL Financial Holdings have also reduced staff in 2025.
• Market volatility and ongoing US trade and tariff pressures under President Trump are adding cost burdens across the investment advisory sector.

SEE ALSO:

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• Amazon Expects AI to Shrink Corporate Workforce

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.