Hey everyone, hope things work out for all of you. I am currently a contractor in a legal state. Will be relocating to non-legal state. No problem passing if its for sure they do, but hearing different things. Is there a official position on this?... — read more 

Anyone in management hearing they are going to axe sabbaticals? With every single TD employee becoming eligible at the same time I don’t see how they will continue the program. My guess is after integration and layoffs they make this announcement — read more 

They can’t make us start making money for them. We can just keep doing our same work as TD Ameritrade, they can’t stop us. This company does have to die if we don’t let it. You show up on September 5th and you keep using your TDA email, you keep... — read more 

Times are tough, sad reality. If you’re unhappy with anything in your life… do t put up with it. So much negativity on a company that pays us well with good benefits. If you are unhappy, make a change… quit. Would you want to be on a team with... — read more 

Anyone else here working the phones? I see some senior roles/software side folks posting, wanted to know if there were others on the phone reading these. How are you feeling/preparing for everything happening? I don't think they would start cutting... — read more 

Curious if anyone else is losing their cool about ongoing technology issues. I heard it’s not our laptops causing the problems but the entire Schwab network. Something “breaks” every single day. I’m restarting my laptop multiple times a day. ... — read more 

If not for this round, then for the next. And we all know there'll be a next. Make sure you have an emergency fund, always be applying and interviewing, and if you can start something small on the side, do it. Make sure you have control of your... — read more 

Does anyone here own a Blackstone griddle? If so, have you ever had the seasoning flake off after a hot cook? Any tips for what to do?

Does anyone have any insight or information on cuts in SWA?

www.topworkplaces.com/award/bayarea/2023/500-plus/

There is a bunch of false info floating around on here about the severance pay plan. Everyone just needs to go to MyHR and read the “Severance Pay Plan” document and and all of your questions will be answered. For example, contrary to this forum... — read more 

Title says it all - I know DS is/was part of it, but what other departments and teams? The more specific, the better. I know my MD gives a very non-committal response when people have asked directly..

Katie(Casey): Yes, there were. Employees who are working fully remote had a steeper drop in employee engagement, while employees who are coming to the office with some regularity had a level of employee engagement almost identical to the prior... — read more 

Read the sugar-coating... er, the Q&A about the Glint results. This particular section caught my eye: "Were there any responses from specific employee populations that stood out to you?" Katie: Yes, there were. Employees who are working fully... — read more 

TD employee here. Absolutely loved TD and everything about it. Schwab… not so much. The impending RTO and layoffs announcement has everyone in my department on edge and frustrated. The horrendous communication, backtracking, and confusing information... — read more 

Does anyone know what might happen to some of our first line leaders? We have a great manager whom honestly I would hate to lose. Has anyone heard any word there? Rumor mill has us all worried on which leader might go if they do pick one, and I think... — read more 

The women mentioned in this article should disrupt financial services like Charles Schwab did. Start their own companies with happy employees who have a strong work ethic, who get s**t done wfh and deliver the best client experience as their... — read more 

In the event of a layoff are we able to bring over other former employees who were laid off to new companies? I feel like this should be an obvious yes since we both would no longer be Schwab employees but figured I'd check with the more experienced... — read more 

My team has 7 contractors and 5 FTE. How the layoff begin calculated in that case?

I just want to thank all the people who post relevant information here. It helps all of us get through this mess easier and it's highly appreciated by so many of us! Thank you!

Can the company recall you to a position during the 60 days notice period? Would you have to accept it , would not accepting it forfeit your severance? I've read the severance plan but this scenario is not spelled out clearly.

Taking calls with clients, tenured licensed rep of 5 years wondering what it might look like for me and mine

Buckle up. No more cuts until after September client integration. Unfortunately, final cut numbers are due to EC members next week and final names due the week after. Directors In groups with heavy impacts and aren’t part of layoffs themselves will... — read more 

How much does everyone think performance will be factored in when considering layoffs? The whole process has been terribly handled and communicated from the start of course but wondering if there will be any level of director input or discretion, or... — read more 

Wow

https://www.cnbc.com/2023/08/09/ups-drivers-to-average-170000-in-pay-benefits-at-end-of-5-year-deal.html UPS CEO says drivers will average $170,000 in pay and benefits at end of 5-year deal KEY POINTS UPS and the Teamsters Union reached a tentative... — read more 

Infighting within the EC. RTO delayed until first of next year due to expected loss of talent and inability to hire talent with this RTO policy. Rumors of Walt expecting to retire 2025.

Whomever posted about RTO being delayed. You’re right.

Any insight on the branch network? I’ve heard mixed yes and no answers without anything concrete. The FC’s and managers in the branch are all 60/U1 so fall into a really expensive severance pool, so I’d guess no impact.

Take or leave it, I don’t feel comfortable revealing my sources. Tomorrow, there will be an announcement that return to office has been delayed. They will say it has to do with real estate but the truth is, Schwab is using a third party agency to... — read more 

How long did it take HR to approve or reject from the time you submitted all required information? And were you approved or denied? If denied, why?

What areas were huge issues on your surveys? Everything about Schwab took a huge dove vs last quarter in my org… Happy to work at Schwab -13 Cared about as a person -13 Recommend Schwab as employer -17 Good job communicating -21 Action Taking -18 — read more 

Shareholder activists have been requesting that Schwab release its unadjusted pay gap since 2019, with no success. The EEOC is requiring the data be provided this year. Noncompliance, especially for a federal contractor like Schwab, is a premise for... — read more 

https://www.investmentnews.com/ria-with-3-1b-leaving-schwabs-custodian-for-axos-240857 "CGAN has used TD Ameritrade since the late 1990s and came over to Schwab after the reported $22 billion acquisition closed in 2020. However, Schwab’s culture and... — read more 

https://riabiz.com/a/2023/8/8/charles-schwab-corp-goes-back-on-offense-in-banking-promising-to-pump-out-discount-loans-with-ria-help-after-rapid-fed-rate-hikes-exposed-extreme-vulnerability-in-banks-asset-base Highlights: "As long as it was able to... — read more