Topics regarding layoffs at Charles Schwab Corp.

Topics regarding layoffs at Charles Schwab Corp.

Curious…

Anyone know of the best way to look up the names of other professionals or leaders in the firm if you don’t have their last names? I know about broker check but was so used to teams that I never bothered to keep track of last names. Would like to say... — read more 

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| 1220 views | | 7 replies (last December 15, 2024)
Post ID: @OP+1vSY00YR

Insider Trades

Does anyone else have alerts set For Schwab Insider trades ? you should see when Chuck sells or his family sells. Which beach house do they need now. I care more about when our executive useless council does trading. Love chuck and his daughter! And... — read more 

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| 870 views | | 1 reply (December 7, 2024)
Post ID: @OP+1vR4vRMC

Friendly reminder

Our company still wants fewer butts in seats. Undeserved bad reviews, performance plans, RTO, withheld work, vague objectives, micromanagement and small raises are all part of the playbook. Record everything. Be aware of two party consent states... — read more 

Phone job

Is being on the phone the worst job at Schwab or is there anything worse? The leadership is also terrible

Leadership should read

Over the past five years, the environment has shifted dramatically. During the pandemic, remote work was handled well, and productivity remained high. However, everything changed in mid-2023 when leadership introduced return-to-office (RTO)... — read more 

Glass Door

Does anyone know how Schwab (other firms too I’d guess) is able to monitor and police what is posted on Glassdoor? I have tried to post a couple times listing the pro’s and cons from my experience at Schwab and both were rejected, the most recent one... — read more 

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| 1120 views | | 6 replies (last December 2, 2024)
Post ID: @OP+1vLzzfPn

Walt’s last month

Everyone else as excited as I am that this is Walt’s last month? This toxic wasteland needs a major change.

FYI

The higher ups have directed us PLs to make the lives of the employees miserable so that they can get people to quit. We over hired and cannot handle bad press after the banking fiasco. We are first being directed to get rid of anyone telecommuting... — read more 

How long before they close the St. Louis office?

Multiple long-tenured Managers have recently left, nothing on the activities calendar for 2025, hot food vendor replaced for gas station quality sandwiches, no hiring in STL, etc. The writing is on the wall....

by
| 980 views | | 4 replies (last December 23, 2024)
Post ID: @OP+1vAjQYlL

9 box

9 box reviews are still happening. I know they’re always looking to offload people but I hate it.

by
| 990 views | | 5 replies (last November 20, 2024)
Post ID: @OP+1vz3LAz6

Another night without sleep

Anyone else just give up on trying to sleep properly? I’m so burnt out that I can’t even see the point of being rested for work when you’re dragging through the day anyway. Energy doesn’t seem to matter anymore. It’s all the same, just surviving one... — read more 

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| 1230 views | | 9 replies (last November 22, 2024)
Post ID: @OP+1vz0EPtb

Salary correction Gimmick of Service Based Company

Sequence of Events for Salary correction Gimmick: The employee’s visa is filed, specifying a new wage in the Labor Condition Application (LCA). The visa application is approved. Despite the approval, the updated terms of the LCA are not... — read more 

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| 510 views | | 1 reply (November 18, 2024)
Post ID: @OP+1vxmQepp

How to..

Need some suggestions on this. My manager talks about my peers and even folks above my grade with me (not in a positive way). I can't really push him back as i think he would then talk about me with others. How do I report this anonymously without... — read more 

Sweep Cash

Make sure you do not keep uninvested cash in sweep accounts and move it to higher yielding options. Schwab is making money out of your ignorance or... — read more 

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| 820 views | | 5 replies (last November 15, 2024)
Post ID: @OP+1vupgEvU

Employee Advisory Council (EAC): Useful?

Has any org seen any actions come out of the Employee Advisory Council (EAC) that was formed to "give voice" to employees after the mass layoffs and RTO? Does your EAC representative even ask you for input? Do they give any updates out of their... — read more 

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| 790 views | | 5 replies (last November 15, 2024)
Post ID: @OP+1vuZAb3o

Mark my words

An inflexible attitude towards remote work will cost Schwab many more employees - and most of them the best ones - than they expect. I don't know a single person who's not looking for something else that allows work from home. I can't believe the... — read more 

Something has changed at schwab

This place is so segmented. So disconnected. Not only are teams so separated from each other, there absolutely zero collaboration. The interesting thing is that it got much worse with RTO. I barely speak to my team members any more. Nobody seems... — read more 

Engagement Survey Isn't Anonymous

Just wanted to let people know that the engagement survey isn't exactly anonymous. Upper Management can't see your name but they can filter the results by location and grade level. It is easy to tell who scored negatively if you only have 3 or 4... — read more 

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| 1070 views | | 7 replies (last December 23, 2024)
Post ID: @OP+1vtzhxXC

Schwab leadership using RTO as quiet layoff opportunity

Today i was told I was denied my exception. I've been a telecommuter for over 7 years now. Here's the real punch to the gut: since I live over 200 miles from a service center they didn't assign me a cube or even give me the option to choose a... — read more 

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| 3820 views | | 31 replies (last January 31, 2025)
Post ID: @OP+1vr8Z9VH

Omaha branch

The leaders of the Omaha branch are a perfect example of why Schwab would su-k. Oh they just laid of 2k people while you sit and doing nothing. They ARE worthless and terrible people. AE is extremely manipulative on younger employees and he doesn’t... — read more 

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| 730 views | | 1 reply (November 12, 2024)
Post ID: @OP+1vrIlCLw

Lack of creative thinking will run us to the ground

This place is set in its ways, and nowadays that can cause a swift death. No upward mobility weeds out talent, and just contributes to rigidity. It’s a very novel idea to take on people, squeeze the life out of them in short order for not really a... — read more 

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| 590 views | | 2 replies (last November 9, 2024)
Post ID: @OP+1voQoVgr

Fido getting burned

Fido RTO Roast lol https://youtu.be/WO7xJVAvuWw?si=za9L1TZHz2fkC6Rr

by
| 600 views | | 1 reply (November 8, 2024)
Post ID: @OP+1vogjAhr

Charles Schwab Layoffs 2025

Anyone would care to chime in with a prediction about potential Charles Schwab layoffs? Any chatter, news or rumors?

2025 Layoffs confirmed (CES, STS)

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.

Updates on locations

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

by
| 850 views | | 3 replies (last November 8, 2024)
Post ID: @OP+1vnQcoC0

The spin

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

by
| 730 views | | 2 replies (last November 6, 2024)
Post ID: @OP+1vltLetx

Schwamily

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 Schwab going to reduce severance?

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 

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| 700 views | | 1 reply (November 7, 2024)
Post ID: @OP+1vkaGezN

Low pay

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 

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