Topics regarding layoffs at Charles Schwab Corp.

Topics regarding layoffs at Charles Schwab Corp.

CONFIRMED - 10/10-10/12 layoff week

Desire to have majority of this wrapped up by earnings on 10/16 Will roll through out the week with majority of convos done by 10/11

Official Speculation

Official speculation that this forum is officially speculative in all things not determined to be accurate nor false. There is only one way this truly gets factual and that is through the process of elimination. You now know because you are in the... — read more 

HR Enrollment Period

To those wondering what is going to happen and when, I think we can count on it happening before HR enrollment is finalized. Enrollment this year is a full month earlier than last year. Hardly seems coincidental. 10/25 is the enrollment close... — read more 

Leadership

Join Simon Sinek in a quick TED Talk on the essence of effective leadership, a stark contrast to the chaos we are facing today. https://youtu.be/lmyZMtPVodo Let’s post other good leadership content!

Any leaders have some "training"?

apparently any leader (level unknown) with someone being laid off needs to attend a required "training" that basically is just CYA for the org to say they did it and prepared leaders to handle it. From what ive heard, this happens a few days before... — read more 

Don't expect to learn anything from your manager

Even if he or she had all the insider info and decided to spill the beans, it would most likely be some twisted version of the truth or a flat-out lie. What we need to do instead of waiting for them to tell us what's going on is rely on good old... — read more 

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| 1490 views | | 1 reply (October 5, 2023)
Post ID: @OP+1oWdMCbt

EC top of mind

These are amazing times, and we should appreciate what is happening to the economy. While we are thinking about layoffs spending time on this board, this is 100% what are leaders are thinking about. https://example.com/8zjx823c

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| 890 views | | 1 reply (October 5, 2023)
Post ID: @OP+1oWXDPld

Strange team transition, knowledge transfer, etc.

Since there is no transparency from the EC about when layoffs will happen maybe we can use what we know to make deductions. Have there been any transfer of FTEs in and out of your teams? Have your team been providing or receiving knowledge... — read more 

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| 1590 views | | 5 replies (last October 10, 2023)
Post ID: @OP+1oWXsNBV

TCOS

Who else is tired of hearing Take Care Of Self in this whole process?

How will you even know

Are they going to send out a mass email "hey we fired a bunch of people. It's done."

Took an Extended Lunch Today

Usually, if I don’t have a lunch meeting, I designate most of an hour from noon to 1pm to learning something related to my role. But for some reason today for the first time, I just couldn’t do it. I watched an episode of my favorite comedy show... — read more 

Bad Karma

As I think out loud. How did I get into this f--ked position, working in this terrible I&O organization at this terrible company? I just wanted to do what I loved. Tech at a Financial Services company. When I started 5 years ago, I thought I had... — read more 

Not Today.

Not today, because it is a Wednesday.

The Walt that Stole Christmas

Walt thanks for laying us off before the holidays. Enjoy your 20 million dollar bonus why we explain to our kids why we can’t afford anything this year

It’s time

Finally it’s confirmed that they will do it tomorrow. Good luck to everyone!

Disability

Can you be laid off if you’re on or plan on going on disability?

by
| 881 views | | 1 reply (October 4, 2023)
Post ID: @OP+1oVoXHjU

Confirmed

It was yesterday. Take it or leave it.

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| 1334 views | | 1 reply (October 4, 2023)
Post ID: @OP+1oUKgc4R

Confirmed October 10th

Take it or leave it. I have a very reliable source that has confirmed Oct 10 as the date.

Looking like Friday the 13th in Omaha…

Employees affected by the move were instructed to move all of their personal belongings home before the 13th and to plan on working remotely that day. Then on Monday the 16th they will move into the office in their new location. From a logistical... — read more 

Nobody knows…

Those who know are not going to risk leaking info. If/when the layoffs happen are anyone’s guess. But at this rate, the brand damage may be hard to repair.

Late October

Got off a call and the internal rumor/chatter is late October... to put end of Dec completing the 60 day period... and potentially allow bonuses to be awarded. Speculation of course but isn't that what this site is for? Just sending my thoughts... — read more 

Leaving - keep benefits/stock?

Have a few questions. When you resign. You can obviously opt in for cobra. What about life insurance. Short term. Legal. Etc. I worked for another large financial firm and I was able to stay covered as long as I paid a premium Also I was... — read more 

newest rumor is November

I've heard from two different sources that Nov is the big lay off. I'm curious what not doing them before the earnings call is going to do to the stock price. Very glad I withdrew from ESPP. I know frustration isn't news but every day I care less and... — read more 

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| 3970 views | | 30 replies (last October 4, 2023)
Post ID: @OP+1oUugEMP

If Your Impacted

https://music.youtube.com/watch?v=FS8p_F0Stog&feature=shared If you are impacted and I’m not and are in Lone Tree - I’m wiling to start a group in the area and use every tactic to find the next role. I can create a Reddit or Discord group and get... — read more 

Mad Money Lightning Round

No money to pay for hard working employees but will pay to sponsor Jim Cramers Lightning Round segment. Unreal

by
| 1160 views | | 1 reply (October 3, 2023)
Post ID: @OP+1oUkB9kg

Consultants

Bob Slydell: Would you bear with me for just a second here. Peter Gibbons: OK. Bob Slydell: What if - and believe me this is hypothetical - but what if you were offered some kind of a stock option equity sharing program. Would that do anything for... — read more 

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| 1223 views | | 1 reply (October 3, 2023)
Post ID: @OP+1oUU7ZNK

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