Why isn't our manager the one who gets to decide who gets let go from our team? Who knows better than her who is an asset and who deserves to be let go? People who make these decisions are only guided by numbers and we end up losing great people... — read more
The inevitability of layoffs
I'm sending out my resumes but in the meantime I'm wondering if these layoffs are really necessary for CS or if they could have been avoided?
Layoff Numbers
I’ve heard through the grapevine now from multiple sources that managers are getting their numbers & how many need to get cut. Not sure yet on timing, but sounds like after TG3. Most departments impacted, including the BN.
Who to talk to about volunteering for severance?
I unfortunately do not get along with my manager and was planning to put in my notice before layoffs were announced. I'm in a department/team that feels ripe for layoffs, and I'm wondering if I could negotiate a higher severance package if I... — read more
Severance package - vacation/sick accumulation
Is there any information available regarding whether they will include vacation and sick time in the severance pay? I'm curious about how they handle accrued time off, and depending on their approach, should I keep my accrued hours or start using... — read more
They want us back because of their own paranoia
According to ExpressVPN, uncertainty and unease about what employees are doing is the primary reason employers are interested in surveillance. In a January 2021 study, 57% of bosses said they don’t trust their employees to work without in-person... — read more
Demotivated employees
Everything the company has been doing in the past few months has been ki-ling my motivation and I know I'm far from the only one. Many companies have failed because their employees simply didn't care anymore and it looks like we might be next on the... — read more
The back-to-office backfire
The back-to-office backfire: Companies ending WFH perks lose out on top talent, who view flexible work as equivalent to an 8% raise August 6... — read more
New hires?
I have seen welcome aboard announcements recently for new hires. Why in the he-l would Schwab be hiring right now in the face of layoffs??
Anyone have a feeling of more cuts this week. Except. MORE
So just wondering. Does anyone have a “total count”
Layoffs in SWA and Advice Roles
Has anyone heard about any layoffs in SWA or other advice roles? They are projecting that this area of the business will be a long term revenue generator, and have said that advice solutions is going to be their focus for the future. Unless I’m... — read more
Where’s HR?
Wouldn’t HR know what groups are being targeted for layoffs? Why is no one from HR speaking up?
Against our best interests all along
https://riabiz.com/a/2020/3/19/under-withering-staff-pressure-walt-bettinger-course-corrects-to-shut-all-schwab-branches-and-to-let-charles-schwab-corp-non-branch-employees-work-from-home
The real reason we are upset
Schwab used to be a wonderful place to work when Chuck ran the company. We knew he cared about us as employees. That made me want to work so much harder for him. Today things are much different. Yes, we are upset about RTO and layoffs but that is not... — read more
The fall of Schwab
https://fortune.com/2023/03/02/forced-return-office-fueling-rise-labor-unions-careers-gleb-tsipursky/ “It is time for employers to recognize the value of remote work and create hybrid or remote work arrangements with their employees to meet the... — read more
STS- Stay/Leave- counter?
The environment su-ks. Obviously. I’m an SME for a very specialized niche product in STS, with over 15+ years experience. Honestly after all the talk of layoffs. Some of us feel that our group of onshore developers are safe- due to the nature of... — read more
Do Directors and MDs know now?
I’m wondering if leaders would know by now who is getting cut. Can anyone level 60 or higher confirm?
Pay band question
What’s the max for level 57? Westlake. Also I feel like I’m up there just from what I am seeing other 57/58’s post. Kind of sounds like a crazy conspiracy - but yea.
Doing minimal work
It is interesting that there are also those who, due to fear of getting laid off, work more than ever, thinking that it will make a difference. I wonder how they manage to focus on work in such a tense atmosphere?
What would a layoffer calendar invite look like?
Would it be from direct mgr, MD, etc? Would it be a meeting including others or just a 1 on 1? At my previous job we had a large group meeting with someone from HR who walked us through a power point. But I am guessing it is different here.
Managers behavior sudden changes
My manger starts acting a little secretive after the layoff announcement..he used to include me in all emails and communication from the business partners or technology teams..now all of a sudden he stops doing that..is it his insecurities with the... — read more
Practical Tips for Getting Medical Exception
Hello everyone, This post is to encourage everyone who is fearful they will not be able to get a medical exception to keep pursuing this option, even if you've initially received a rejection from your doctor. Did you know that a legitimate, ADA... — read more
EC Read this
https://www.shrm.org/resourcesandtools/hr-topics/employee-relations/pages/why-backdoor-layoffs-can-easily-backfire.aspx
Anti remote work
I want some employees who are against remote work to please explain why you have this stance. I get it why people want to work in office but when your are against the rest of us working remotely I don’t get it. Also, I would like to see the ages of... — read more
Salary Transparency
Inspired by the other post I saw on here from earlier. My partner and I both work in Marketing and are curious of job level and salary. Thank you in advance.
No Data!
https://www.insiderintelligence.com/content/amazon-exec-says-in-office-work-is-better-research-paints-different-picture
Union
https://www.reuters.com/world/asia-pacific/point-no-return-australians-fight-right-work-home-permanently-2023-08-01/
Schwab named Arizona Top Workplace
Haha! That survey must have taken place earlier in the year…… am I right?! This is laughable.
Any layoffs today? Thurs Aug 3
I'm not hearing of any in my org today
Why do we need CEO and President both?
I'm a campus hire from pandemic era so pardon my ignorance but why do we need both President and CEO. What is that President can do but CEO is not able too? isn't that like more than $10m savings right away.
I'm going to leave this here
https://finance.yahoo.com/news/now-finding-damaging-results-mandated-095555463.html
Scrum Master Layoff...?
Did anyone see any Scrum Masters get laid off this week? Yesterday it was explained that a Scrum Master is gone and while it was said that they don't "think" it's related to position eliminations, I'm not convinced as said individual is not a job... — read more
This week's Layoffs, different from those coming
I have heard that this week's layoffs are separate from those coming, announced 2 weeks ago. This week's were part of the 'original' plan, not this new one. This would explain why they weren't so much management focused.
Not wanting to RTO = Voluntary Resignation?!?
So I asked direct questions today about the RTO situation. The only thing the email said was “inaccurate timesheets are cause for termination”. All the info on MyHR is about the old (now seeking glorious!) policy. The “deal” supposedly is that if you... — read more
Salary
While I have you guys here, wondering how much people make depending on your level? Sr. Specialist vs manager vs senior manager vs director?
Inverted pyramid LOL
Ah yes. For those level 56-58 that are MD’s Congrats to anyone that bought that bullsh1t!
Slow moving coup
This is the weirdest layoff approach I have ever seen. Its like a very sloooow hatchet job. We will be dead from anxiety before we can cash the severance.
Unvested RSUs
What happens to u vested RSUs if you are laid off? Do we loose them or do we get them as part of severance package?