Sep 25 - Chuck has 34,715 FTEs

We all agree the way this mess was handled was the ABSOLUTE WORST. Ignoring that fact, you need to look at the timing because it is putting you at a significant disadvantage. If the layoffs happen end of October (IF they happen then...) that puts... — read more 

With layoffs constantly hanging over our heads, how exactly are we supposed to maintain a positive work environment? This is an honest question, how? How are others doing it?

A CEO of a troubled company was relieved of his duties at the Board of Directors meeting. When he returned to his office to collect his personal belongings, his replacement was bringing in his first boxload. Not wanting it to be an uncomfortable... — read more 

Schwab’s EC pi---s off, alienates, and demoralizes the employees. Major reorg and layoffs happen. New CEO and EC members emerge with statements like “we’re sorry those horrible people did this to you. We’re here now, we’re different, and we’ll... — read more 

I am writing to express my deep concern regarding the current leadership of Charles Schwab, specifically CEO Walt Bettinger. Recent events have raised serious questions about his ability to lead the company effectively and maintain the trust of... — read more 

Thoughts?

Is this Schwab location one of the “safe” zones? Are you all still going to be working in the office a few days per week?

even though my role is client facing i’m still worried!

What’s the tea?

does anyone have any thoughts on WA, AWA, or the SWA service team being impacted by the layoffs?

I’m the event of a layoff and you find yourself using COBRA for insurance, if you have an HSA account, you can utilize the HSA account to pay the premium(s) as it’s considered a qualifying event & expense (tax free no penalty). Putting that out... — read more 

Any idea how RBS is doing?

Changing gears, because a lot of discontent is being thrown around here and although i dont agree with what is going on with the org, i have spent the last few years helping my peers out whenever i get the chance. TLDR version: be ready for anything... — read more 

I know it’s been discussed how severance and other stuffs work when you get a new job and let company know you are resigning earlier . How would that be categorized ? Would you need to let your future employers know you were involuntarily terminated... — read more 

Friday the 13th.

What an utter waste of time. Oh, let’s do a fun trivia game, that will make them happy! Tone deaf.

a space to post your comments

So many supposed job openings are not that. I've seen some during my job search that have been up for six months (and that's just since I started looking). Don't tell me it's taking that long to find an auditor with so many people applying! Why do... — read more 

Anyone know how many of us are going to be laid off? I'm guessing 10%

All of you blowhards that were saying the week of 9/18...what say you now? Bring on your next out of your a-s prediction.

My Managing Director suddenly abandoned their position and returned to a previous role at Schwab. I assume they had a heads up and did what was needed to stay with the company. Not much communication within the team… head in the sand. This... — read more 

Does anyone else think it’s weird how we switched to a phone system that does not work with wireless headsets? They want to keep the worker bees tied to their desks at all costs!

A lot of signs are pointing to October. Some posts here say 17 October however I’ve seen it closer to the first week. In a couple meetings about planning we were informed to “avoid” scheduling anything for the start of October So.. let’s see... — read more 

https://m.youtube.com/watch?v=2vZjCmbYf60

I have so little to do it’s making me crazy. I feel like I’ve fallen through some realignment cracks or something. I do put myself out there & try to take on more stuff but so far the last few weeks have been a wasteland. Last time this happened at... — read more 

Time to get Walt out of here

The layoff announcement and the work environment these past few months have really triggered my mental health struggles. I felt like I was just getting a handle on it. I used to be excited for work, wake up in the morning even on bad days and look... — read more 

Am I the only one that noticed that the company dress code was no open toed shoes? This policy was broken time and time again by the women in the office.

Why are phone reps getting fired for turning off surveys? I know so many managers that have told this to their reps over the years. Seems unfair and illegal to get terminated for what management told you to do. “If you know you’re going to get a bad... — read more 

Latest I heard is that layoffs are more likely in October to meet the year-end deadline and the WARN 60 day notice. Plus, with the push of RTO from October 1 to January seems to align to this rumor. We will be in limbo another month.

Multiple leaders in HR are resigning prior to impending layoffs. The head of product management in HR left a few weeks ago and now the guy who is the only logical successor who is one of the few bright spots in HR has resigned. The old saying is... — read more 

I got a confirmation from source who is in top management that they will start from October 17th.

Long story short I’m looking to relocate to another city with a Schwab office in it in July 2024. I’ve been told to submit a relocation request but whenever I ask my manager questions in how it works she doesn’t really answer them. Is it possible... — read more 

Finally got a confirmation from top management source that layoffs will start October 17th.

jw: severance no longer works I have it bookmarked - once you are on a 60 day notice period - DO NOT TELL ANYONE YOU GOT ANOTHER JOB, else they will not pay out severance

Just do it.