?

A healthy company hires when it needs to and keeps people when they're doing good work. A failing company cuts over and over, calls it restructuring, and pretends things are fine. We've been through how many rounds in the last few years? Certainly... — read more 

Insider info from leadership meeting today.

I've had multiple coaching memos doesn't take a genius that they want me gone lol. How long do I have until a formal PIP?

RTO - Return-to-Office. It should be (Mandated) for Everyone (without a Viable Exception) now. Back-in-the day, employees are (expected) to be at work; not doing other things at home (during work paid hours).

So many of my colleagues coffee-badge or come in less than four days per week RTO. Is this a psychological experiment to see what happens when one groups does not hat they’re told is expected of them and the other does the bare minimum?

No shade to the other CEO, but I really enjoy Rick’s meetings. Full of great confident and I love how he takes all the questions on without having to reach out to his team. He is prepared and knows his stuff. It is a lot of info too… he must have a... — read more 

Been applying to a few jobs at Fidelity down the street. Heard from a friend today that they’re mandating a 5 day RTO in September. Previously, they were 1 week in one week out (in office every other week). I don’t believe they have wfh weeks either... — read more 

She is taking this company so far away from what we once were

They pushed RTO hard and productivity somehow dropped instead of improving. Who'd have thought? (Other than everybody with two functioning brain cells, of course.)

It seems most building offices are constrained for space and with the recent return to office, it has made hiring in locations almost impossible. Are they going to open up new buildings are get leases for locations constrained?

Is there any good reason to have Cresta installed? We were forced to download it this week. Most of the time it’s in my way and the conversation summaries are not accurate. I don’t see much use for that application other than it probably training AI... — read more 

I’m about to get put on a “corrective action plan” over my AI sentiment score. Does anyone know what that even means? I don’t see anything on the Schweb about it. My accounts seem to like me a lot so getting put on a PIP over the AI giving me a bad... — read more 

Does Schwab have an official policy for minimum hours in office, or how early/late you can be in the office? My manager mandates 9 hours in office and you cannot leave before 4PM. The two other team managers mandate 7.5 hours with many working... — read more 

The architect for our organization keeps using Gartner reports , online research and chatgpt to command what the devs need to do. He has no clue on real software development, has not written a line of code and woefully incompetent. Our MD loves the... — read more 

The bodies are there but the people aren't. Hundreds have already left in their heads. We do the minimum, watch the clock, and wait for the day we can physically leave too. Schwab did this to itself.

Have you heard about reducing team size to 10 or less across the board?

So ridiculous. They are saying no directors except in Westlake or maybe Lone Tree. Even 59 PLs are getting warned during the interview process that they will have to get some sort of difficult approval. Do they genuinely expect everyone to move to... — read more 

In my time with the firm, there’s been a real shift in leadership in my organization. The current group of MDs doesn’t have the same tenure or approach, and the environment shows it. The previous group wasn’t perfect, but there was a baseline level... — read more 

But at least we have ‘agentic‘ nonsense and a falling stock. That call could have gone worse. No idea how.

Record client growth and growing at rapid pace? But you lay people off and cut costs on benefits…. Cool.

We used to get DoorDash credits all the time … what happened to that ? Is Rick trying to save money?

Does anyone have any good experience with contractors at this company? I feel like in my 7 years here they have all been grossly incompetent. They interview well so I'm assuming they're cramming tech stack info before the interview (or are using AI... — read more 

A lot of managers in STS pushing all team members irrespective of their roles to showcase AI Agents and other AI stuff they have created and are using. A lot of boot-camps happening as well. Are they planning to cut roles soon?

The good ones are either laid off or leaving. Not that I blame them, considering what Schwab turned into in recent years.

I'm aware that People leaders and above have access to badge-in data. One of the STS leaders has been strongly recommending that employees be in the office from 8 A.M. to 5 P.M. Is this a standard expectation across firm?

To every employee that endured the toxic work culture at Schwab, circular, unproductive meetings, meaningless tasks, redlined deliverables, Director micromanagement, bullying, and overall low morale, where others take credit for your work and... — read more 

My top 5 are: Very slow career growth (which is very funny given that we have more levels to go through compared to pure tech companies). Reviews based on position tenure... you can't get an exceeded expectation if you are in your first year on... — read more 

I was laid off two weeks ago due to organizational changes in our area. However, I later heard from a former coworker that our Director became aware of a negative Glint survey I had submitted, where I expressed concerns about our team being... — read more 

Is it possible that the upcoming summer internship program may be cancelled? I'm surprised it's continuing, considering recent layoffs. Do you think they'll be able to offer any FT positions after the internship ends, given layoffs and the economy?

Love go we are adding ai then teaching ai so it could take out most of us out — compliance, processing, managers any mid level.

How is the morale? It feels like rock bottom here in Denver. All the leaders in TX and completely disconnected from the business and staff. Is there any org thats even half decent? It used to feel the infrastructure, CTO architecture are the main... — read more 

If I make it to EOQ, I've done that quarters work. If I leave before the quaterly service bonus pays out end of April, do I still get that pay?

If I badge into the office, is that a day in the office, even if I also have logged in at home and had to authenticate through PingID on the same day?

When to expect the following: Regular pay for work up to 3/13 Severance lump sum payment Unused PTO (floating and accrued) Stock program refund (April Session)

I still think about a meeting where they told us we were crushing our goals. The vibe was good, people were relaxed, and it actually felt like things were going right for a change. Then a week later, half the team was gone. It’s hard to believe... — read more 

Good luck tomorrow. Hope it's only the ones who want out.

Curious if others have seen low RTO compliance percentages explicitly referenced in their performance reviews and whether it impacted ratings. It feels like RTO adherence should be managed separately and not evaluated alongside tangible performance... — read more 

There was a time when leadership here actually cared about people over profits. I was proud to be part of it. Then things shifted and the cuts started coming, one after another, cold and methodical. The message is clear now. People don't matter. Only... — read more 

Any updates?