Edward Jones plans layoffs amid restructuring efforts

ST. LOUIS - Edward Jones, the financial services firm headquartered in St. Louis County, is planning to move forward with layoffs in the future as part of a companywide restructuring effort.

An Edward Jones spokesperson shared the following statement Friday with FOX 2:

"As we continue our journey to serve more clients more completely, Edward Jones is making changes to its home office structure designed for greater speed and ease of decision making to support our client and branch experience. As a result, the size of our home office will be reduced. We are committed to communicating early and transparently with our colleagues throughout the process and take decisions that impact our colleagues very seriously and strive to make them according to our core values. Our top priority remains supporting our colleagues and serving our clients."

In a follow-up email to the statement, the company clarified that "home office" refers to operational or headquarter-type functions as opposed to financial advisors and branch office teams in the field. The company also confirmed any positions subject to reductions are not tied to a specific location.

Edward Jones employs more than 55,000 people across the United States and Canada, according to the company website.

The company did not confirm how many employees could face layoffs, when that could happen or how the planned changes may impact St. Louis-area operations. The St. Louis Business Journal reports that layoff notifications could come as soon as Aug. 26.