1) Taxes taken out prior to funding the Trump Account (like a Roth IRA). 2) Taxed at regular income rates upon eligible withdrawal by the recipient.

I keep hearing about more layoffs coming. I know it might be nothing, but I'd rather get my resume ready and be smart about things just in case.

I was going through a site which publishes H1B data. By looking at it, it seems plumbers and taxi drivers make more money than H1B workers brought by these Indian companies. They also discriminate against people whom they bring from India versus... — read more 

I hear A layoff is approaching at Phoenix, AZ Peak location. They are cutting costs with tenured employees and hiring unlicensed people to train with no experience.

Do you think there will ever be a change to the current structure where promotion is based on who you know, and not on your performance and accomplishments? Pretty ridiculous to see senior executives that do not have more than a bachelor's degree... — read more 

Hiring someone in India is about 50% of the cost of hiring someone in India. Companies like Google and Meta generate up to 75% of the code with AI. What will be left for humans in the US? Let's say that 50% of the US engineers can be replaced by AI... — read more 

More and more chatter that there will be layoffs in the BOET org. Several executives have already been reassigned to other organizations, and that is usually a tell tale sign that there are big reorgs and reductions on its way. Also, a flurry of... — read more 

I recently lost a lot of respect for my organization. We’re laying people off while also spending what appears to be hundreds of thousands of dollars on culture partners. That makes me wonder: who is responsible for the checks and balances on... — read more 

RTO is absolutely driving me crazy. I'd quit tomorrow if I could afford it, but since I can't now I just keep hoping they lay me off.

I've heard from employees there of pending Layoffs at Schwab in Phoenix, AZ. Especially for the tenured employees to hire new people much less cost.

And why are first line managers Directors? At most other companies Directors at least second line managers.

I was told by someone that I could have the option to retire if I am over 50, if I am laid off. Where in the packet is that offer? Does it vary from state to state?

The Wall Street Journal evaluates how leading US corps stack up in 6 areas: AI readiness, innovation, talent readiness, financial fitness, resilience and agility. Charles Schwab ranks #51 overall with an Overall Score of 62.0, placing it 8th out of... — read more 

Me and one other let go today. Chatter of STS layoffs in the area of 10% coming as more transitions to India.

Know of at least 1 person impacted, their manager confirmed it was part of the new quarterly cadence.

Why is that?

Surprise, surprise! The EC goal with this year's annual planning, will be to cut to the bone. The internal transformation is not going fast enough to keep up with competition, so internal development efforts will be severely cut. Why invest in... — read more 

So they tell us to use AI, your review next. Year will be dependent on your AI Adoption. Then when they figure out how expensive it is and they say oh you only get so many tokens now. So what is it. My job depends on AI Adoption or my job depends... — read more 

Hey, guys wondering which orgs should I consider transferring too. I want know which STS are green or red flags. I’m currently an associate engineer with continued meet standards in CET,RWT and I keep getting things blocked due to budget related... — read more 

The company will keep making more money, raising expectations and goals, while my paycheck pretty much stays the same, and benefits get worse.

Heard today that Schwab is going to discontinue hiring in the US and all backfills and future roles will go to GCC. Has anyone else heard this?

Remember that survey we had to fill out? What will be the changes? So many people speculate that Schwab will discontinue the health plan, give people a fixed sum, and let people find their own insurance.

Did the workload go up the last couple of years? Or is it just me getting lazy?

Any insight on what's cooking? Pretty clear that there is no need for Project Managers anymore, and that they are rapidly phased out, together with the Portfolio Manager level of directors. Feels like the operations side will be on the front... — read more 

Looks like a downward trend. How long before leadership is getting culled? Or is miserable results acceptable now?

Anyone know if there will be new layoff rounds in June? Hearing rumors that layoffs could become a quarterly occurrence. Any insight on whether there might be cuts next week, and if they would be concentrated in STS or spread across multiple... — read more 

Informed today that financial planning group of 70-80 tenured professionals or so is going to get cut. When pretty Ricky tells you they won’t cut advice jobs due to AI , do. Not. Listen.

Ineffective. Politics. Curious what your experience is with a 300+ team of HR ‘professionals’? What is it they do, let employees know to complete a survey and attend pro day?

Schwab and Lone Tree didn't make the list. Hmmm... https://www.denverpost.com/2026/05/13/top-workplaces-2026-flexible-workplaces/

I just want to do my actual job and go home. Instead, I spend hours in meetings where nothing gets accomplished, where we generate more questions than answers, and where people just complain about things that no one is going to fix. It is exhausting... — read more 

How is this allowed when STS is so behind on tech compared to others in industry? When others cant do anything that will get approved by... — read more 

Layoffs are about politics and wages, not talent. Speak up? You’re on the list. Good people were kicked out after cloud, XaaS, third party integration, and confidential data outside our control warnings. Now? Industry breaches. Compromises. Remind... — read more 

Anyone else in a T2 department that’s consistently told by higher ups they are not backfilling positions and we have enough people. Yet everyday we’re in an alert due to terrible service levels and have tons of people waiting on hold, meaning we only... — read more 

Come on guys!! I know gas has doubled now but we gotta keep the collaboration going and our great culture!! We gotta keep making Rick and the EC millions!!!

Is it completely anonymous or does is it a little more descriptive like- “one person scored 1 on question 1”

If they want to continue to treat us like children what’s stopping us from acting like children? You know RTO5 is absolutely coming soon. They will start monitoring how long you’re working somehow. Have a long commute? You better be working while... — read more 

Stop telling me what you watched on Netflix last night. I don't care what you watched on Netflix last night. I don't care that you're behind on Severance. I don't care that you're rewatching The Wire. I don't care that your wife made you watch The... — read more 

If you give a 30 day notice, will you be walked you out that day? If so, will they pay out the 30 days?

I've been turned away by 4 RIAs for jobs that I am well qualified and experienced in. Jobs they are hiring for, and Schwab does not have postings for. Each of them says "since we custody with Schwab, we have agreements signed that we cant hire... — read more 

Anyone else remember when Ricky got up on stage at that 2025 end-of-year townhall to proclaim that we would be getting COLAs on top of our merit raises in 2026? It's been nothing but radio silence since then, share prices are down 13% YTD, and we're... — read more