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

Edward Jones Layoffs Hit 800 Support Roles

Edward Jones has confirmed it has laid off 259 home offices employees across Canada and the US, including staff at its Mississauga, Ontario office — part of a broader workforce reduction that has now impacted over 800 people in 2025, says the St. Louis Post-Dispatch

The cuts follow an earlier round of 552 voluntary buyouts accepted by support staff this year, as the company pushes ahead with its Enterprise Reimagined restructuring initiative.

Home Office Teams Targeted — Not Advisors

While the firm’s 20,000+ financial advisors and branch teams are not affected, Edward Jones’ support, administrative, and back-office employees are experiencing significant disruption.

• Edward Jones employed 9,455 home office associates across Canada and the US as of June 2025.
• That includes approximately 5,446 employees in the St. Louis area, representing a 21% decline since 2019.
• The firm has not broken out how many Canadian employees were laid off, but confirmed that operations in the country were included in the reductions.
• Employees in Canada were informed of layoffs on Monday and Tuesday this week.

“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.

The company has not disclosed severance package details or whether pay reductions occurred as part of the restructuring.

Why Edward Jones is Laying Off

Edward Jones says the reductions are part of a multi-year transformation to modernize operations and improve how it supports financial advisors and clients.

The restructuring — branded Enterprise Reimagined — focuses on:

• Eliminating layers of bureaucracy
• Speeding up internal decision-making
• Investing in technology and AI
• Positioning Edward Jones as an “employer of choice” in a competitive financial services market

In a March 2025 interview with ThinkAdvisor, Managing Partner Penny Pennington confirmed there was no fixed layoff target, but acknowledged internal decision-making had become “too slow.”

Employee Reaction to Layoffs

On Reddit’s r/StLouis and other platforms, Edward Jones employees have responded to the layoffs with concern and frustration.

• “This will sting for a lot in the STL area,” one user wrote.
• Another added, “A lot of [people were] laid off yesterday.”
• “A bunch of people I know were offered (and accepted) early retirement packages first, but I wonder how many more will get pink slips,” posted a former Edward Jones worker.

Edward Jones Layoff History

Here’s a timeline of how restructuring has unfolded, with links to our in-depth updates:

Edward Jones Layoffs and Impact in Canada

Edward Jones has a significent Canadian footprint, including its Mississauga home office and various support teams across the country.

If you work in HR, finance, marketing, or operations at Edward Jones in Canada, you may be facing:

• Layoff notices or voluntary buyout offers
• Reassignments into lower-paid or temporary roles
• Early retirement packages
• Constructive dismissal pressure (resignation) masked as restructuring

While exact figures have not been released, Canadian support staff have been included in both voluntary and involuntary reductions in 2025.

Severance Pay for Edward Jones Employees in Canada

If you are a non-unionized employee in Canada and Edward Jones ends your job, you may be entitled to up to 24 months’ pay as severance.

Your severance package should include:

• Salary
• Bonuses or commissions
• Benefits and pension contributions
• Stock options, RSUs, or incentive pay
• Vacation pay and allowances

Constructive Dismissal Risks at Edward Jones

A layoff isn’t the only risk. You may also face a constructive dismissal if Edward Jones:

• Significantly reduces your responsibilities
• Cuts your pay or bonuses
• Reassigns you to a role you didn’t agree to
• Forces you to relocate

In these cases, even if your employment technically continues, you are still entitled to treat them as a termination without cause – and get full severance pay.

Legal Precedents: How We’ve Helped in Restructurings

At Samfiru Tumarkin LLP, we’ve successfully represented employees at major financial institutions, insurers, and global corporations during restructuring.

Some examples include:

• ✅ 24 months’ severance for a long-term professional after refusing unfair new terms post-acquisition. See our win →
• ✅ 6 months’ severance for a short-term executive pressured to sign an unfair release after termination. See our win →
• ✅ 4 months’ severance for an employee terminated after just eight months in a senior role. See our win →

Our clients are often surprised at how much they’re legally entitled to after they’ve been wrongfully dismissed — and legal fees are often covered by the employer.

FAQs on Edward Jones Layoffs

Lost Your Job at Edward Jones? Get Legal Help Now

If Edward Jones terminates your role, pressure you into a buyout or resignation, reduces your compensation, or forces you into a new position, don’t sign anything before speaking to an employment lawyer at Samfiru Tumarkin LLP.

At Samfiru Tumarkin LLP, we have:

• 👥 Helped 50,000 clients across Canada
• 💰 Secured millions in severance payouts
• ⚖️ Settled over 99% of cases quickly through negotiation or mediation
• 📱 Free Termination Consultations — in many, but not all, cases
• ⭐ Earned 3,000+ 5-star Google reviews
• 🏆 Recognized as one of Canada’s Best Law Firms (Globe and Mail)

📞 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.