Does anybody know if these cuts in the last two days are just isolated incidents or part of something larger that's coming?
Where the U.S. Stock Market (and Housing) are headed in (Reality).
U.S. Stock Market (and Housing) - ☆ Heading towards a (Deep) Bear Market into 2027 (potentially into 2028). ■ Trump has (Already) provided the set-up for it to happen. ■ U.S. Stock Market (NASDAQ) has been in a (Downwards Spiral) since Wednesday... — read more
My career moved forward after leaving Schwab
I spent too long expecting things to improve internally, but the better opportunities seemed to go to a select few. Once I moved on, I got a $30,000 pay increase and finally had access to more challenging work. If you're feeling stuck, start... — read more
Layoffs
Are layoffs coming?
DFW and Florida - Fraud hiring
All IT department hiring completely fraud. Report unethical hiring practices to DOL and DHS. This location is completely taken over by the foreign consulting companies. Shame on HR and the management. Americans are getting replaced in their own... — read more
I think we could use something like this once again
Microsoft is offering buyouts to 60,000 employees — roughly a quarter of its global workforce — as the company looks to slash costs while investing heavily in artificial... — read more
Stock Price...
With us making a ton of money on the float how is our stock just cratering? We were at $110 now below $90. Complete mismanagement at the top. We should be printing money with interest rates where they are. Plus the constant market movement of late... — read more
Layoffs, Feb 2027
I started two weeks ago. Is there a chance I could still be laid off?
Corporate update…gaslighting answers
Anyone feel like Rick was gaslighting us a bit in the Q&A during the corporate update? No layoffs huh? I know of several!!
Anyone else have their questions screened?
Tried asking a question in the Q/A and it was blocked bc they didn’t want to talk about HWF. Didn’t allow others to vote on if they wanted to see the question.
Has anyone heard any rumors about major layoffs in Feb 2027?
Recently there were some people (STS) from SF in our location and someone hinted at plans for major reduction in Feb 2027. Anyone else heard of any similar info?
Does any one think…
Eventually Fidelity will acquire Schwab?
Does HR do exit interviews?
HR does not seem to care about glint scores so wondering if they bother with exit interviews?
Schwab 2025 Exec Salaries (SEC-Reported)
Here is a summary of Schwab executive salaries from Google Search. Do you all feel that the record profits are mainly being shared disproportionately with the EC and the senior MDs? Top Executive Compensation (FY 2025) Richard A. (Rick) Wurster... — read more
Another record quarter…
Right on the heels of the our health insurance getting more expensive while covering less, and not a word from Ricky on those COLAs he promised us last year. Is this what winning feels like?
Is it worth escalating to my managers boss in schwab
Currently part of CET STS. My new manager which got swapped during yearly evaluations like usual is not supporting my career growth. I have feed back and concerns about stagnant growth and I proved in writing and a paper trail I should be a 56 even... — read more
Data org rant
Can some say one thing they have delivered of value in last 5 years
Robinhood Eating CS's Lunch
We are significantly lagging behind competitors in both digital assets and artificial intelligence. While we are late to roll out crypto offerings falsely assuming we are at the technological forefront our AI capabilities are even further behind the... — read more
The free fall of the Schwab stock has begun
Looks like the market finally realized how far behind Schwab is on AI, and thinks it is unrecoverable. If you sold at the peak, congratulations! The market is predicting a 15% depreciation through January next year. Just check the number of... — read more
This isn't what I expected
I haven't been here long and I'm already questioning whether I made the right move. There's so little work that I've been finding random things just to stay occupied. Which is in itself weird, since judging by this forum, people are generally... — read more
Offices with Open Spaces
Are there really no spots in cities like Lone Tree, San Fran, etc.? I might accept an offer but they only listed Austin and Southlake as an option...what about Orlando or any other cities? I might not go through with it if TX is the only available... — read more
When did Schwab start underpaying people?
I've been talking to some of the newer hires, and frankly, it's almost disgraceful what they're being paid. My pay is the one thing I have always been satisfied with here, so I feel so bad for them. As an additional note, talk about pay with your... — read more
Layoffs today
Well the Fall layoff has begun!
CS&S attrition
So it seems Schwab has an issue with new hires and CS&S where other firms are coming in and offering $10-$20,000 signing bonus and scooping these individuals up right after they finish their training, and it’s causing a massive exodus.
It has been so quiet about Schwab losing out on 530A accounts
Is it not kind of embarrassing that Robinhood was chosen as the trustee/broker of the 530A accounts? Especially, as the reason was that they had a more modern infrastructure.
GCC hiring control
How is the control on hiring, pay rate and promotions going to be handled? Is that control retained by MDs and Directors onshore? Curious as I came across shady hiring practices where pay was not in onshore leadership control, not even the role... — read more
Worst place to ever work wow
I endured 3 years on the core line with many promises of a role switch after my "2 year commitment" in the end it was all just a lie. Oh well. Get your licenses, learn the ropes and get out while you can asap.
A Little Positivity?
Is all the bashing of Schwab and its senior leaders here really warranted? There's a reason why Schwab is consistently ranked a top employer in nearly every city where it has a campus. Because it's a really great place to work. The pay is well above... — read more
Org changes coming?
Historically, we see org changes and layoffs in September/October. No one really knows but we are good at reading the signs. Anyone reading anything?
Rally scaled agile STS
This is getting awful now. More red tape in an AI age Who is tired of how bad this rollout has gone? Product owners have no clue as well as STS leaders. The engineers suffer Together with this plus GCC and stuck in PCF nothing can stop the death of... — read more
The kool-aid warning
I've been here long enough to know the script. They tell you you're safe to keep you grinding for mediocre pay and benefits. The second they can hire someone cheaper, you're gone. I know because I've seen it happen. Don't believe the hype. This is... — read more
Corporate Compliance
In January 2026, after I raised concerns about two years of workplace abuse and discrimination, three leaders retaliated against me by falsifying the record and signing a written warning built on a fabricated narrative. For two years, I repeatedly... — read more
Charles Schwab to scale India centre workforce to 2,000 by 2027
Are H-1B full-time employees being asked to move to Global Capability Centers, and how many contractors are being hired or asked to shift in... — read more
Why so many Directors report to Directors?
I’m talking specifically Individual contributor Directors (no direct reports) reporting to Directors (not MD). Even BS “Director in Project Management”. Explain that one. You someone’s kid? Got dirt on someone? Why pay a bloated salary to a director... — read more
U.S. National Debt (Record Growth)
U.S. National Debt (Record Growth) - (Current) $39.9 Trillion (and rising). (Current) $111.0 Billion in Interest (and rising) paid (each year) by U.S. Taxpayers to Investors that finance it (U.S. based, Japan, China; etc.) via U.S. Treasury... — read more
Schwamily - not so much!
One of the things Schwab like to bring forward is the unique "Schwamily" concept. I.e., that everyone is like a big family, and care for each other. I would like to know if someone actually experienced that? After working for Schwab for more than... — read more
Remote jobs
I'm not sure why, but remote jobs have started popping up in my feed again, and not bad ones. I'm tempted to start applying, if I can get the courage. The devil I know still seems better than the devil I don't, but I miss WFH so much that it could... — read more
relocate to office for promotion?
Her manager asking my friend to move to office to get promotion. She is currently remote. does it worth relocation?