I've heard from employees there of pending Layoffs at Schwab in Phoenix, AZ. Especially for the tenured employees to hire new people much less cost.

And why are first line managers Directors? At most other companies Directors at least second line managers.

I was told by someone that I could have the option to retire if I am over 50, if I am laid off. Where in the packet is that offer? Does it vary from state to state?

The Wall Street Journal evaluates how leading US corps stack up in 6 areas: AI readiness, innovation, talent readiness, financial fitness, resilience and agility. Charles Schwab ranks #51 overall with an Overall Score of 62.0, placing it 8th out of... — read more 

Me and one other let go today. Chatter of STS layoffs in the area of 10% coming as more transitions to India.

Know of at least 1 person impacted, their manager confirmed it was part of the new quarterly cadence.

Why is that?

Surprise, surprise! The EC goal with this year's annual planning, will be to cut to the bone. The internal transformation is not going fast enough to keep up with competition, so internal development efforts will be severely cut. Why invest in... — read more 

So they tell us to use AI, your review next. Year will be dependent on your AI Adoption. Then when they figure out how expensive it is and they say oh you only get so many tokens now. So what is it. My job depends on AI Adoption or my job depends... — read more 

Hey, guys wondering which orgs should I consider transferring too. I want know which STS are green or red flags. I’m currently an associate engineer with continued meet standards in CET,RWT and I keep getting things blocked due to budget related... — read more 

The company will keep making more money, raising expectations and goals, while my paycheck pretty much stays the same, and benefits get worse.

Heard today that Schwab is going to discontinue hiring in the US and all backfills and future roles will go to GCC. Has anyone else heard this?

Remember that survey we had to fill out? What will be the changes? So many people speculate that Schwab will discontinue the health plan, give people a fixed sum, and let people find their own insurance.

Did the workload go up the last couple of years? Or is it just me getting lazy?

Any insight on what's cooking? Pretty clear that there is no need for Project Managers anymore, and that they are rapidly phased out, together with the Portfolio Manager level of directors. Feels like the operations side will be on the front... — read more 

Looks like a downward trend. How long before leadership is getting culled? Or is miserable results acceptable now?

Anyone know if there will be new layoff rounds in June? Hearing rumors that layoffs could become a quarterly occurrence. Any insight on whether there might be cuts next week, and if they would be concentrated in STS or spread across multiple... — read more 

Informed today that financial planning group of 70-80 tenured professionals or so is going to get cut. When pretty Ricky tells you they won’t cut advice jobs due to AI , do. Not. Listen.

Ineffective. Politics. Curious what your experience is with a 300+ team of HR ‘professionals’? What is it they do, let employees know to complete a survey and attend pro day?

Schwab and Lone Tree didn't make the list. Hmmm... https://www.denverpost.com/2026/05/13/top-workplaces-2026-flexible-workplaces/

I just want to do my actual job and go home. Instead, I spend hours in meetings where nothing gets accomplished, where we generate more questions than answers, and where people just complain about things that no one is going to fix. It is exhausting... — read more 

How is this allowed when STS is so behind on tech compared to others in industry? When others cant do anything that will get approved by... — read more 

Layoffs are about politics and wages, not talent. Speak up? You’re on the list. Good people were kicked out after cloud, XaaS, third party integration, and confidential data outside our control warnings. Now? Industry breaches. Compromises. Remind... — read more 

Anyone else in a T2 department that’s consistently told by higher ups they are not backfilling positions and we have enough people. Yet everyday we’re in an alert due to terrible service levels and have tons of people waiting on hold, meaning we only... — read more 

Come on guys!! I know gas has doubled now but we gotta keep the collaboration going and our great culture!! We gotta keep making Rick and the EC millions!!!

Is it completely anonymous or does is it a little more descriptive like- “one person scored 1 on question 1”

If they want to continue to treat us like children what’s stopping us from acting like children? You know RTO5 is absolutely coming soon. They will start monitoring how long you’re working somehow. Have a long commute? You better be working while... — read more 

Stop telling me what you watched on Netflix last night. I don't care what you watched on Netflix last night. I don't care that you're behind on Severance. I don't care that you're rewatching The Wire. I don't care that your wife made you watch The... — read more 

If you give a 30 day notice, will you be walked you out that day? If so, will they pay out the 30 days?

I've been turned away by 4 RIAs for jobs that I am well qualified and experienced in. Jobs they are hiring for, and Schwab does not have postings for. Each of them says "since we custody with Schwab, we have agreements signed that we cant hire... — read more 

Anyone else remember when Ricky got up on stage at that 2025 end-of-year townhall to proclaim that we would be getting COLAs on top of our merit raises in 2026? It's been nothing but radio silence since then, share prices are down 13% YTD, and we're... — read more 

?

A healthy company hires when it needs to and keeps people when they're doing good work. A failing company cuts over and over, calls it restructuring, and pretends things are fine. We've been through how many rounds in the last few years? Certainly... — read more 

Insider info from leadership meeting today.

I've had multiple coaching memos doesn't take a genius that they want me gone lol. How long do I have until a formal PIP?

RTO - Return-to-Office. It should be (Mandated) for Everyone (without a Viable Exception) now. Back-in-the day, employees are (expected) to be at work; not doing other things at home (during work paid hours).

So many of my colleagues coffee-badge or come in less than four days per week RTO. Is this a psychological experiment to see what happens when one groups does not hat they’re told is expected of them and the other does the bare minimum?

No shade to the other CEO, but I really enjoy Rick’s meetings. Full of great confident and I love how he takes all the questions on without having to reach out to his team. He is prepared and knows his stuff. It is a lot of info too… he must have a... — read more 

Been applying to a few jobs at Fidelity down the street. Heard from a friend today that they’re mandating a 5 day RTO in September. Previously, they were 1 week in one week out (in office every other week). I don’t believe they have wfh weeks either... — read more 

She is taking this company so far away from what we once were