Edward Jones Layoffs in Canada: August 2025 Update + Severance Rights

Edward Jones’ Restructuring and Layoff Announcements

Since early 2025, Edward Jones — one of North America’s largest wealth management firms — has been undergoing a major internal overhaul dubbed “Enterprise Reimagined.”

The result? Thousands of support roles across its US and Canadian offices are now at risk, with job cuts already underway and formal layoff notices expected soon.

While the firm’s 20,000 financial advisors are reportedly safe, the impact on head office and back-office teams — including those in Mississauga, Ontario — is significant. Some employees have already accepted buyouts or early retirements as part of the restructuring. Others may face role eliminations, internal reshuffling, or pressure to exit.

Edward Jones has operated in Canada for decades and has a sizable corporate footprint here. If you’re part of the firm’s support, operations, or home office staff in Canada, these global changes may still lead to:

• Sudden or quiet terminations
• A forced shift into a “new role”
• Pressure to resign or accept a buyout

Even if your job loss seems informal or voluntary, you may still be legally entitled to up to 24 months’ pay — especially if you’re non-unionized. In many cases, severance packages offered during corporate restructurings fall short of what Canadian employees are owed under the law.

At Samfiru Tumarkin LLP, we’ve helped professionals across finance, insurance, and brokerage sectors secure proper compensation after restructuring-related job loss — whether it’s called a layoff, early retirement, or realignment.

Edward Jones Layoff History

Here’s a look at how the company’s restructuring has unfolded over the last few years:

WATCH: Edward Jones Layoff Rights Explained

Severance Pay After an Edward Jones Layoff

If you’re a non-unionized employee and Edward Jones ends your job — whether they call it a layoff, restructuring, or termination — they must pay you severance.

Depending on your role, length of service, age, and the job market, this could be as much as 24 months’ pay. Severance pay in Canada must include:

• Salary
• Bonuses and commissions
• Benefits and pension contributions
• Stock options or incentive pay

Constructive Dismissal Risks at Edward Jones

They don’t have to hand you a pink slip for your employment to legally end. A constructive dismissal in Canada happens when your employer changes your job in a big way without your agreement — leaving you no real choice but to leave.

In a Edward Jones restructuring, this could mean:

• Losing managerial duties or direct reports
• Moving into a completely different role
• Seeing a major cut to your pay, bonuses, or benefits
• Forcing you to relocate to another city or province

Even if Edward Jones calls it a “new opportunity” or “temporary measure,” these changes potentially entitle you to full severance.

How We’ve Helped in Similar Situations

At Samfiru Tumarkin LLP, we’ve worked with employees in marketing, advertising, and media companies — including those going through global restructuring — to make sure they leave with the compensation they deserve.

We understand industry pay structures, bonus plans, and corporate HR tactics, so we quickly spot when your employer offers you less than what the law requires — a wrongful dismissal.

FAQs About Edward Jones Layoffs & Severance

Lost Your Job at Edward Jones? Get Legal Help Now

If Edward Jones fires, lays off, or changes your job, don’t sign anything before talking to an  employment lawyer at Samfiru Tumarkin LLP.

• 👥 Over 50,000 clients helped across Canada
• 💰 Secured millions in severance and settlements
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📞 Call us 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.