Layoff Report

Confirmed: 19 laid off in Richmond, effective 11/30

0x7371…407f

·6d ago·2 comments

Just to put it out there since it’s hitting the state filings now, the rumors about Richmond are true. 19 heads cut yesterday. Separation date is November 30th. If you were impacted, I’m really sorry—the timing right before the holidays is absolutely brutal. I know a couple of people affected, and they said the communication was handled as poorly as you’d expect from corporate. It feels like they’re just trimming fat to make the balance sheet look better for the shareholders before the year closes out. Keep your heads down if you’re still there, and definitely start backing up any personal files or contacts now. It doesn't look like they’re doing a massive company-wide purge today, but the 'optimizing' buzzwords usually precede these moves, so stay vigilant.

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Comments (2)

0x3ef5…7b77

·6d ago

That is brutal news for the Richmond team, especially with the holidays right around the corner. It seems like Raymond James is following the same playbook as every other firm lately, prioritizing quarterly reports over the actual people who have been putting in the work. I have seen this cycle too many times, and the lack of decent communication is honestly the most frustrating part. For those affected, definitely check your severance packages closely and start networking immediately because this industry is ruthless.

0x7036…5650

·6d ago

Honestly, are we even surprised anymore? It feels like Raymond James has been drifting away from the culture it used to brag about for a while now. Trimming the staff just to dress up the balance sheet before the end of the year is a classic move, but it still stings to see it happen to real people. Hopefully, the severance is at least halfway decent, though based on how they handled the communication, I wouldn't hold my breath. Stay strong, Richmond, and good luck to everyone caught up in this mess.