https://www.cnn.com/business/live-news/fed-meeting-november-11-07-24/index.html

Had an all hands meeting with Rama this afternoon. Confirmed that a re-org is coming that there will be layoffs soon. Did not give much more information than that.

Any updates on if they are closing, reopening, or opening up new locations? Not including branch.

No matter how hard you work, you're still stuck in the same place with no movement forward.

Let’s see how they spin the low glint survey results this time. Katie probably won’t give her positive spiel during the update now she has been shown the door

With the layoffs and bs plus Ricky needing to appear tough it’s gonna happen. Hope I’m wrong. Confident I’m not.

Look what this place does to our coworkers every year around the holidays. This place su-ks and morale can’t get any lower

Is this confirmed? Good luck to everyone.

And in other news, new posting for a Cloud Leader.....

Farewell emails are beginning to trickle in. What are you seeing?

I've heard several people mention the possibility of severance being reduced for future rounds and I'm wondering, is this something that's likely to happen? I believe that current terms are fair for all involved, so I don't see why anybody would want... — read more 

I just found out that after 10 years with the firm, and being the highest performer on my team, I’m at the lowest end of the salary. Most of my teammates are making more than me. I’ve received many accolades over the years, with exceeds ratings. Not... — read more 

Any new info?

One year since layoffs... Are the laid off people not allowed back into Schwab?

New CHRO. This will be the person making all the “hard” HR decisions but of course with Rick asking for it. Are there any old guards left?

Been ready to get out for a while. Have a 2nd interview with another company soon and things have been going well. Job matches my experience, I’ve gotten along well with the hiring folks, and it’s a significant pay increase/better experience for my... — read more 

They have a well thoughtout hybrid program, the 3-2 program. They like it. They want us to commit to this so we all come into a vibrant and fun office experience. We will think about our program in mid January, and convert us to to a RTO fiver... — read more 

Directors seem to be the layer we are having the issue with us relaying constructive criticism to the EC. They are the ones retaliating

Why do we keep managers who don’t lead or offer anything of value? It’s frustrating to see how many so-called managers only check on people without contributing anything meaningful themselves. Imagine how much smoother things would run if we cut... — read more 

https://www.youtube.com/watch?v=7mOWFBip0Wc

I’ve said it before and I’ll say it again. First year as a contractor, going on year four as an FTE - Grade 58 in STS.

Good luck to those wanting to stay,and good luck to those hoping to get laid off. Either way, we are in crazy times. Take very good care of yourself, and family and friends.

Anyone get redirected to a completely unrelated site upon clicking one of the threads?

I'm hearing reports from different teams that HR is actively running badge swipe details and specifically calling out non-compliance related to RTO. Anyone else hear about this happening with your team? It's unbelievable to me that random employees... — read more 

Wish you had the flexibility to leave at your lunch time and work the rest of the day at home.

Rick has said, in at least 2 Town Halls I attended, that there are "no plans" to change the RTO policy in 2025. He was egged on by Walt in the initial TX townhall in relation to an Amazon RTO question on if we were following suit. I am not sure I... — read more 

There are ppl here saying schwab won't push RTO-5 in January. It's unlikely due to notice needed. But my understanding is that they are working diligently to firm up desks and assignments. Is that going to expedite that plan if RTO-5 is required in... — read more 

Serious question. I know some people will not like to hear this but it must be said. Why do we still need H-1B employees in the US? I agree at one point the US did need people in tech who know how to code. US citizens have since caught up with the... — read more 

Rick Wurster, the freshly crowned CEO of Schwab, is clearly the savior we’ve all been waiting for. With an uncanny ability to solve decades of financial and cultural decay overnight, Rick is undoubtedly going to turn things around with a snap of his... — read more 

Not sure why he's assigned Comms people to come on this forum to pump up his pathetic ego, but I'm not buying it. How about showing with actions that you actually value the employees? I wonder what it would take for Schwab to fire his pathetic a-s... — read more 

While Walt is certainly a great guy, I love the new approach of hearing from Rick and more messaging from him. Definitely gives that personal touch and excited for what is to come under his leadership! While people hate on this board, I thought I... — read more 

Calling all Schwabbies to stand united with me on boycotting the Glint survey to demand change. We all know that there hasn’t been any positive changes implemented from our poor survey feedback. In fact, rather than listen to us they decided to use... — read more 

Around the water cooler someone mentioned head of HR lives and works out of Bahamas. Lists her as telecommute in Dallas but with Eastern time zone. Can anyone confirm?

Unless you are all geared and ready to claw, manipulate, push and overrun up the ladder, that is. If you are here just to work and not interested in climbing up, five years is the maximum before you become so overworked, exhausted and burnt out that... — read more 

Given the current economic climate, which service companies and technology teams do you anticipate being most vulnerable to potential reductions in force?

I am wondering if the stock will drop like last time.

Good lord https://apnews.com/article/td-bank-money-laundering-justice-department-75426a569d40174fd61fa7bc83026176

Hello Fellow Schwultists and Schwervants. After perusing this board for a while and seeing some of the unfiltered perspectives from many of my fellow co-workers, I just wanted to say you are seen and you are heard. While we will be implementing a... — read more 

Customer Service Appreciation recognition is bullsh-t lip service. Free lunch isn’t adding to your paycheck in this economy. Next week things will go back to normal and you’ll be expected to: *serve as an emotional support bear for mediocre FCs who... — read more 

Took getting out to realize that not all workplaces are toxic like Schwab right now. It wasn't always that way, but mergers tend to applify the internal competitiveness. Turns out there are businesses that actually care about their employees being... — read more