Topics regarding layoffs at Charles Schwab Corp.

Topics regarding layoffs at Charles Schwab Corp.

Take care of yourselves

I’ve heard from a few people recently, since the RTO mandate was announced, they are having feelings of anxiety, sadness and even despair, when considering how drastically this will change their lives, and all that they are giving up. Please know... — read more 

Spread the word

Let's be real. We are all afraid of Schwab retaliating against us for voicing anything other than unbridled joy for this RTO policy. Nobody has the ba--s to create a channel on the internal comms to discuss our shared grievances. It's going to be... — read more 

Sign Up for a Medical Accommodation Right Now!

Of course talk to your Doctor first but now is the time to sign up for a medical exception before the plans are solidified for RTO. The process is super simple and takes about a week to complete.

They will never admit their mistakes

Rather than admitting you made a horrible mistake by buying long term low interest bonds and then having to borrow 2.5 Billion at 5 percent. You realize that you need to cut your workforce to decrease expenses. However, instead of getting bad... — read more 

Too Big To Fail

Schwab will overcome any dissent and plow along. Just as they did with TD. Haters stand down.

by
| 1220 views | | 3 replies (last June 30, 2023)
Post ID: @OP+1nkSnF5j

Most excited about when we RTO?

Is it the shared bathrooms? Maybe it's the stale bagels and everyone talking at the same time? The morning traffic? How about the constant reminder that practically everything you do at the office could be done from home? What are YOU most excited... — read more 

Who is Simon?

So it’s pretty clear that Simon is one of the most hated people across all the forums that I’ve seen across my platforms. Who is he and why is he seemingly the most id--tic man alive?

EC was right

EC made their decision knowing the sheeple they oversee. You will all be back at the next company sponsored happy hour. You will be happy!

by
| 1120 views | | 1 reply (June 27, 2023)
Post ID: @OP+1nklVk22

This Is Not The End

If we cede here it is just the beginning. Soon there will be blackout days, mandatory meeting days and overtime days to cover for the people who will leave. Hybrid will slowly shift back into the miserable 5 day work week we tried to escape. We... — read more 

The Trolls are Out in Force

Schwab had the Reddit thread brought down but they cannot do that to the layoff site. This must really upset the EC. The Trolls are really trying to defend this decision now on the site. The issue is not the decision that was made. It was HOW it was... — read more 

I am excited for everyone to RTO!

I think EC had the courage to do the right thing! All the naysayers need to grow up. This is how the real world works. Some folks want to work from their couch in PJs, but where’s the thrill? The EC is letting you savor the aroma of freedom with two... — read more 

Walt is Right

Time for everyone to be held accountable and come back in the office. I come in 3 days a week now - most of the people that said they would come back 3 days a week haven't. Walt called that out as a problem, and he's right. You can't have people... — read more 

Hey Schwab...

https://twitter.com/AdamMGrant/status/1668679477742673944?t=DRazmaAY0jRUjgEniFUX4Q&s=19

Day of Action

How do you guys feel about setting a date to take a collective action?

This is no longer a good place to work

Are there still those among us who claim this is a good company with honest management? I'd truly like to know. And if there are such people, as much as I doubt it, would you please let us know what your reasoning behind such thinking is? I'm not... — read more 

Big Mistake

When we make it easier on each other, we make it easier, and indeed, a priority, to put our clients first. This new policy would seem to do the complete opposite. The pandemic was forced on the world, and despite the anxiety and suffering it brought... — read more 

You should have known this was coming

Did you honestly think you'd get to work from home forever? Honestly? If that's true, then you are incredibly naive. It was always just a matter of time before we were asked to go back. Why would any company let its buildings sit empty and its... — read more 

Efforts deserve recognition

I'm just disappointed with CS. I wonder if others can somehow evaluate how satisfied they are with the way their efforts were recognized and rewarded here? I wasn't completely satisfied at some other places where I worked, but I feel that here my... — read more 

Why no news coverage?

Aside from an RIABiz article, there's no news coverage of RTO. Most other big companies got lots of coverage - recently with AT&T the New York Post among others covered it; Microsoft was covered by CNBC mong others; Amazon was covered by the New York... — read more 

Walt is a coward

He gives interviews about work life balance. He preaches accountability and engagement while promoting Schwab as a great company to work for. The reality however is that he and his EC are too cheap to go through another round of layoffs. Too cheap... — read more 

Imagine being the CEO…

Imagine being the CEO of a company, whose 30,000 employees loved your flexible workplace program, and taking it away so most of the 30,000 employees were left angry. Why would anyone do that?

FAQ

In the original email, it said that real estate exceptions would be granted. Does everyone think this is BS? If not, why all the outrage over having just moved, just bought a house, etc.

Dennis Howard AMA

Dennis eliminates workplace flexibility and then holds an AMA working from home with a virtual background to make it look like he's in the office. You can't make this stuff up.

Which companies are still fully WFH?

From what I can see, the majority of companies in our industry are at least in hybrid mode, and some are even on a "4 in, 1 out" system. This goes even beyond. It looks like RTO is becoming the norm once again. I might not like it, but I don't think... — read more 

People do not change

Walt often tells this story from his college days: “For the final exam the professor said, “I’ve taught you everything I can teach you about business in the last 10 weeks, but the most important message, the most important question, is this:... — read more 

Team Managers = Patsy

Just wanted to comment here that it looks like Sr. Leadership is going to put the burden of declining all the exceptions on team managers. Been told not allowed to "approve" any exceptions above the 18% to go onto the next level and that if you have... — read more 

How much Schwab changed in a year

Earlier tonight I did a Google search for "Schwab RTO". One of the hits came directly from Schwab's own web site. I wonder how long before they take it down. The below link was posted on June 15... — read more 

by
| 1710 views | | 1 reply (June 22, 2023)
Post ID: @OP+1nfyDgpP

Trouble brewing

Apparently there was a meeting today and it was disclosed that several corporate real estate directors aren’t going to logistically make this happen by October. This comes on the heels of your executive council getting feedback from subordinates and... — read more 

3Line MD has lost it

New MD thinks he has his fingers on the pulse of his team members. Reality is he lost it last Thursday. What else would you expect from an ex NY banker who pretends to support flexibility. No one below sr mgrs has the courage to share their RTO... — read more 

Rug pulled out from under me

I know I'm just one small story here to add, but I figured I'd share anyway. I got hit by the tech layoffs last year, and I came aboard early this year. Started to see this as a company I could be at long term, with several different growth... — read more 

Those who came back

I don't know anyone who left and came back to CS, but there are those who say that a significant number of people came back here. It sounds a bit suspicious to me, but maybe it's really true?

Start a new thread - post a news comment, question or message:

: