Topics regarding layoffs at Charles Schwab Corp.

Topics regarding layoffs at Charles Schwab Corp.

Incompetence wins

The majority of so-called managers at Schwab couldn’t lead their way out of a paper bag. Always quick to throw the team under the bus when their own terrible calls blow up. Feels like working with a bunch of clueless kids, and I’m truly too old for... — read more 

STL “Org Changes”

We’ve been told there are “org changes” underway today that primarily affect CS&S Core pros in St. Louis. Has anyone been notified of these changes? Any ideas on how many folks are impacted by these changes?

Pointless Acquisition

Looking back at this purchase in retrospect. What did Schwab gain in purchasing TD Ameritrade. Seems like a waste TD Advisors still upset with a less intuitive product / Schwab Advisors upset when they get different answers when calling

Job hunting so should I cross Schwab off the list?

Job hunting rn & a friend who just got hired @Schwab said the manager of his hiring manager told him they’re planning to enforce four days a week in-office for everyone starting Jan 1, 2026—no exceptions. I started my career right before COVID &... — read more 

Meat grinder with zombie employees low moral

Walt Bettinger and his team of sycophants have been drinking at the trough for years at the expense of employees. Several years ago poor investment by the firm led to severe financial issues. Staff already underpaid were severely affected with 70% of... — read more 

Rick plotting

How long until Rick conducts his first round of layoffs? Seems like that’s managements only strategy in a down market

How many jobs were outsourced by Schwab

How many jobs were outsourced by Schwab since COVID. Let's put this together and send it to Trump and DOGE. Instead of creating jobs here Schwab sent most of the jobs offshore. Before COVID onsite job count, offshore job count Current onsite job... — read more 

Ethics concerns/conflicts of interest coming?

The end of the CFPB. Lots of other regulators getting cut. How long before we start seeing major conflicts of interest? Starting to wonder where is the ethical line for employees - like what actions would our overlords have to take to make me quit?... — read more 

Tableau - STS layoffs

Who runs tableau, specifically myservice? Have they been laid off? Why has the data not updated? Entire departments rely on this information, the fact that we are a call center and pushing to be lean, it’s mind blowing that someone still has a job... — read more 

Something's definily up

My manager told me a month ago her manager is moving to Westlake. Today my manager gave her notice. Both of them and me are in Austin. Other colleagues here in Austin and in Phoenix have told me it's because they're closing the office here next year... — read more 

March 7 Attrition

Curious if anyone has heard about personnel in their enterprise that are collecting their bonuses on March 7th and leaving the firm. I overheard of several people today that are leaving after bonuses are paid out. Someone also mentioned that this... — read more 

T2 worth it any more?

Been seeing more posting in CS&S around T2 postings lately, curious the culture there. Of the leaders I’ve met it seems like maybe it’s worse than staying on the front line. Is there a way to know for sure the leader you will get, don’t want stuck... — read more 

Any other good brokerage accounts besides Schwab

Please give me pros and cons. I hear Fidelity automatically gives you a higher yield on your cash compared to Schwab. With Schwab you need to move the cash to a money market fund to get the same. You can take advantage of quick buying opportunities... — read more 

Schwab 2025 and layoffs D

I understand this board is for discussing layoffs but layoffs don’t happen in a silo. A company’s culture and leadership decisions tell you a lot about who makes these calls and why. IMO Schwab’s leadership has shown a pattern of behavior worth... — read more 

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Heavy recruiting

I’ve recently been bombarded by recruiters reach out about Schwab roles. Came over here and seeing heavy activity on lay-off website. lol What’s the deal?

Another Monday another pointless commute

So glad I get another dose of this toxic culture and get to collaborate with my coworkers who will waste at least two hours of my time talking about the Super Bowl tomorrow instead of working from my home office in peace

Schwab is like Hospice for your career

Horrible senior management they use people over work them and pay is very low for the industry. From my experience Top management only manages up. Useless make work form over function meetings and projects so middle managers can show their... — read more 

Graduating college students read

If you’re graduating from college and think that you will have a great career and finance, if you join this firm, you’re completely mistaken you will become part of the meat grinder. They will work you put your new cube 90% of the time honor your... — read more 

Proof RTO was a farce

I was on the call when Walt announced RTO. One of the things he said was that people who were working from home were less productive and “That we have the data right here!” But then failed to present any of that data. Well come to find out that data... — read more 

Is it time to organize?

This company is so ridiculous. Claiming to be a bank while teaming up with the Con-man in Chief. Taking stupid risks since the regulators won’t look at any more. 94% of donations to Re-pugs. Refusing to invest in people or technology to improve our... — read more 

Speak, leaders

I know it's just another grift in the Trump scam-o-verse, but TruthFi is unconstitutional. Presidents must not benefit financially from their office, whether the money rolls in from overseas or not. Schwab is playing a key role as custodian in... — read more 

Are the Employee Resource Groups hanging in there?

Heard rumors ERGs focused on diversity, equity, and inclusion are being shut down. Now that Schwab has cozied up to Trump, I am concerned employee resource groups focused on women, lgbtq, immigrants, etc are going to be shut down. Any rumors?

W2?

I was laid off in Oct 2023 and have not received my 2024 W2 yet. Does anyone know the status of them for those of us who can’t log into the system anymore to retrieve it? My address hasn’t changed. I’ll call HR if needed I suppose… — read more 

Promotions in 2025

Does anyone know whether promotions are happening in 2025? I remember hearing in the latest town hall something about "the conditions need to be right" for promotions to happen but wasn't sure if I heard right.

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