Topics regarding layoffs at Charles Schwab Corp.

Topics regarding layoffs at Charles Schwab Corp.

FOMC Meeting 9/19

Just wanted to check everyone’s thoughts since some posts suggest that this week May be the week layoffs will occur. FOMC meeting is 9/19th. Do you think layoffs will really occur same week of FOMC meeting? Yay or nah? My thoughts is that it... — read more 

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| 2214 views | | 12 replies (last September 20, 2023)
Post ID: @OP+1oF3llhj

Not Today Satan

Guess all the 9/18 projections were wrong. Enjoy another few weeks in purgatory. Mounting Schwab related bad press in the news the past few days as well. This is like watching a train wreck in slow motion.

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| 2615 views | | 13 replies (last September 18, 2023)
Post ID: @OP+1oFUyIDX

Another interesting perspective

https://youtu.be/NAw6sylKIyc?si=3JbGaDMUiSuTYWPi Friday monthly update wasn’t good of NNA.

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| 1170 views | | no replies yet
Post ID: @OP+1oEovMhO

Curiouser & Curiouser

Telltale information is changing in Schwab’s internal systems for high ranking employees. It looks as though the wheels of the great reassignment are indeed in motion. 👀👀👀👀👀👀

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| 4289 views | | 17 replies (last September 18, 2023)
Post ID: @OP+1oDqzVO1

Substance Abuse Employees

Why doesn’t Schwab just dr-g test their existing employees? That would probably thin out the herd of folks they wanna lay off. No offense but they have rules for new hires but not existing employees. Thoughts?

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| 2053 views | | 11 replies (last September 19, 2023)
Post ID: @OP+1oC66WRU

Manager told me to take sick leaves cautiously

I took sick off after sept long weekend because I actually fell sick returning from the trip. My birthday happenned to fall during the same time. My manager in our 1:1 told me to be cautious with taking sick leaves because she fears if the management... — read more 

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| 3043 views | | 21 replies (last September 17, 2023)
Post ID: @OP+1oCJqT9k

Walt's Q&A

Anyone else read that joke of a Q&A linked in the At Schwab email this morning? He's clearly trying to address some of the "rumors" we all discuss in here yet continued to lie through his teeth about them. NO - we don't want people to leave before... — read more 

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| 3634 views | | 22 replies (last September 17, 2023)
Post ID: @OP+1oC8NoDU

RTO Food party

I am trying to determine what food to make for our RTO party! So excited to get back in there with all your pretty faces. I am debating between a few items: slightly burnt popcorn, microwaved fish, or a traditional curry dish. What do you guys want... — read more 

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| 1351 views | | 9 replies (last September 19, 2023)
Post ID: @OP+1oCJ9taH

Soon Shareholders

Soon shareholders will want Walt to exit. Interest earning assets down 23%. This EC is incompetent and needs to be replaced and not with their own cronie Rick

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| 932 views | | 2 replies (last September 16, 2023)
Post ID: @OP+1oCy4sY7

RTO with Cat

Can I bring my cat to the office when we RTO? If not, what is the JW to get an exception? She is not a therapy cat.

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| 1564 views | | 22 replies (last September 19, 2023)
Post ID: @OP+1oCzDDEa

Predictions

Walt resigns Rick is a new CEO Rene takes some time off to be with her family (forced out) Joe M retires Dennis is a new COO Hardeep is forced out What did I miss?

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| 2506 views | | 14 replies (last September 16, 2023)
Post ID: @OP+1oBMbm3F

How villains are born

The way the EC has went about their business the past couple months has indeed alienated employees. No one gives a $hit about this company after all of this. The anxiety that they are purposefully dragging everyone through, and their lies about RTO... — read more 

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| 2272 views | | 10 replies (last September 15, 2023)
Post ID: @OP+1oBhVlO4

RTO Cafeteria Hours

Anyone know with the RTO if they will extend cafeteria hours? We have to take our lunch when Schwab says we do. Our lunch schedule can even change the same day. Sometimes I completely miss any window to get food with how my lunch is scheduled. I just... — read more 

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| 2202 views | | 20 replies (last September 15, 2023)
Post ID: @OP+1oBYrdMC

5 days a week to start next week

In AS, they will start requiring people to come in the office 5 days a week for CD1 integration starting next week. Those without medical accommodations and refuse to not come I to the office, managers are instructed to take corrective action.

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| 2384 views | | 12 replies (last September 14, 2023)
Post ID: @OP+1oBnTL1f

Where is CEO

I don’t hear anything from CEO lately. What’s with him?

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| 2718 views | | 16 replies (last September 15, 2023)
Post ID: @OP+1oAZQOsa

AST all staff meeting

Just got off AST all staff meeting. It was mostly to clap hands for all the amazing work people have done. Well, at this point we need some transparency around layoffs, future project fund allocations etc. we have clapped enough! It was also... — read more 

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| 2239 views | | 7 replies (last September 14, 2023)
Post ID: @OP+1oAab8jX

Finance All Hands

Anyone in the finance all hands? Peter is just DO GRATEFUL for all we do but… still laying a bunch of us off

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| 2062 views | | 10 replies (last September 13, 2023)
Post ID: @OP+1oADtEeR

Marketing affected?

Feels like the marketing department has a lot of duplication thanks to the merger. Any speculation on who is on the list?

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| 1174 views | | 2 replies (last September 14, 2023)
Post ID: @OP+1oA7SEeD

Help for the EC

A lot of what is posted on this site is very unhappy employees sharing their grievances which is completely understandable considering the circumstances. What I would like to do different is offer some suggestions to repair what has been broken. .. — read more 

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| 1761 views | | 9 replies (last September 14, 2023)
Post ID: @OP+1oAZwdnc

There's no need to be cruel about it

When you have to lay someone off, the least you can do is be kind about it and do it as quickly and as painlessly as possible. Don't make all of us wait around for our fate to be decided. That's unnecessarily cruel.

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| 1581 views | | 9 replies (last September 14, 2023)
Post ID: @OP+1oAVXBPl

Real Estate

October makes sense for associates in locations being closed. Eliminates roles so off the books by 12/31, no bonus payout and also eliminates the walk of shame, escorting people out of the building, causing scenes, etc. Wait til October and you can... — read more 

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| 1540 views | | no replies yet
Post ID: @OP+1oAL4M0c

Schwab hates women and minorities

Absolutely no representation in leadership, no inclusive culture ESPECIALLY in sales. I have too many examples of s-xism to even list here… managers talking about other leaders or people being “difficult,” or “very direct” referring to women in... — read more 

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| 2931 views | | 19 replies (last September 14, 2023)
Post ID: @OP+1oziIyYk

A daily reminder

to be kind to one another. If someone reaches out to you in confidence - help them. Though some people will skate through it, this change will be emotionally hard on many people. Please remember to be kind and supportive.

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| 914 views | | 2 replies (last September 13, 2023)
Post ID: @OP+1oz6lEdG

I hope everybody is well prepared

If by now you have not updated your resume, worked on increasing your network, and started test-applying for jobs, you will be the only one to blame if you're caught off guard by coming layoffs. I was laid off once before but it wasn't too bad... — read more 

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| 1562 views | | 3 replies (last September 12, 2023)
Post ID: @OP+1oz41msZ

Let's talk job market...

I think the current state of the job market is the only reason we aren't seeing an even higher rate of resignations. I think many people that survive the cull will be looking for new roles in 2024.

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| 1292 views | | 4 replies (last September 12, 2023)
Post ID: @OP+1ozl2r0N

We are all just a number, easily replaceable

Funny how all the schwabbies that have preached schwab as a way of life are quiet now. We are all here to break our backs to make the execs richer. Point proven by using us for the merger. Glad they have realized all of these roles are not essential... — read more 

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| 1569 views | | 7 replies (last September 13, 2023)
Post ID: @OP+1ozvP1cr

Do level 58 get RSUs ?!

Do level 58 software engineers get RSUs ?! My manager director and product managers are all from Kaiser Permanente. They don't understand technology and meetings are long and lame. Feels lame to work with such folks. I'm interviewing hopefully will... — read more 

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| 1996 views | | 14 replies (last September 12, 2023)
Post ID: @OP+1oyKaIXc

Let's take a poll

Who at SVP level will be impacted? Is Rama in trouble? Will Rene be asked to retire? Is it time for Dennis to step aside? What big waves do you think are possible?

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| 3158 views | | 16 replies (last September 12, 2023)
Post ID: @OP+1oymvlW0

Do you trust the the EC and MDs? Do they trust you?

We Have a A Predicament: Productivity Is At An All-Time Low — And It's Because We're Failing Employees In 2 Ways. https://www.entrepreneur.com/leadership/productivity-is-at-an-all-time-low-because-were-failing/456861 This global productivity... — read more 

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| 2719 views | | 7 replies (last September 11, 2023)
Post ID: @OP+1ovCh2wv

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