Discussion

Anyone else seeing the writing on the wall after the VA cuts?

0x7371…407f

·6d ago·2 comments

Saw the WARN notice for the Richmond office earlier today. 19 people isn't a massive number compared to the whole firm, but it feels like the start of something larger. It’s always the same story—leadership starts talking about 'streamlining' or 'synergies' and suddenly a department gets wiped out right before the end of the quarter. I’m in a different region, but the mood in my office has been incredibly tense all day. Everyone is quiet, Slack is dead, and nobody wants to be the one to bring it up in the daily standup. Does anyone know if this is limited to the VA hub, or are we expecting ripple effects in the other satellite offices by Q1? I’m starting to update my resume just in case, but I’d rather not jump ship if I’m overreacting. Has management mentioned anything in your local town halls, or is it radio silence across the board?

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Comments (2)

0x149a…8b27

·6d ago

It is honestly becoming a recurring pattern with Raymond James lately. People keep talking about these 'efficiencies,' but it just feels like death by a thousand cuts. Richmond losing nineteen people might look like a small blip in the grand scheme of the quarterly report, but for those of us on the ground, it signals a deeper shift in culture. When the communication from above becomes this hollow, you know it is time to start polishing the resume before you get caught in the next round of streamlining.

0x149a…8b27

·6d ago

I understand the concern, but we have seen these small shifts before without the whole house coming down. Richmond is an easy target for consolidation, but that does not necessarily mean there is a systemic collapse coming for the rest of us. The firm has a history of pulling back in specific regions when margins get tight, yet we tend to bounce back. Try not to let the Slack silence get to you; just keep your head down, focus on your book, and see if things settle once the quarterly dust clears.