Topics regarding layoffs at Charles Schwab Corp.

Topics regarding layoffs at Charles Schwab Corp.

The old guard

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?

by
| 600 views | | 2 replies (last November 2, 2024)
Post ID: @OP+1vh0hgZL

Advice Needed

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 

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| 980 views | | 9 replies (last November 5, 2024)
Post ID: @OP+1vgcsZEI

Rick talked about RTO and WFH

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 

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| 1030 views | | 6 replies (last November 1, 2024)
Post ID: @OP+1vgTpjC9

Time to layoff directors

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

by
| 660 views | | 4 replies (last October 31, 2024)
Post ID: @OP+1vgTQQTv

Too many managers who do nothing useful

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 

I Love it at Schwab!

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.

Redirects on this site

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

by
| 520 views | | 6 replies (last October 29, 2024)
Post ID: @OP+1vbx4pcf

RTO and Badge Reports

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 

by
| 2550 views | | 23 replies (last October 29, 2024)
Post ID: @OP+1v9Gkjy0

Flexibility

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

by
| 960 views | | 7 replies (last October 29, 2024)
Post ID: @OP+1v8v0Vlj

Reading Between The Lines

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 

by
| 2160 views | | 16 replies (last October 29, 2024)
Post ID: @OP+1v8wm9ZE

RTO concern

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 

H-1B

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 is our savior

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 

by
| 770 views | | 3 replies (last November 11, 2024)
Post ID: @OP+1v3D7IKb

Rick is a Tool...the dullest and most useless tool

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 

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| 740 views | | 5 replies (last October 23, 2024)
Post ID: @OP+1v3LP53U

Rick is a breath of fresh air

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

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 

Schwab is a five years tops engagement

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 

Anyone have any insight in coming months?

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

by
| 1260 views | | 7 replies (last October 16, 2024)
Post ID: @OP+1uZZ4XIP

RTO Update

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 

by
| 1610 views | | 3 replies (last October 26, 2024)
Post ID: @OP+1uUbQnjs

Don’t Fall for It, CRS/CRMs!

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 

by
| 730 views | | 1 reply (October 14, 2024)
Post ID: @OP+1uUg8o8g

Not all workplaces are toxic

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 

It's all on managers

Managers are the ones who have been resistant to change from the start and who wanted RTO as soon as possible. They are the ones who are more concerned with appearances than they are with productivity. They are more focused on control than... — read more 

RTO 5 Days in January

So, the 5-day RTO is coming back soon, and after a recent meeting I was in, it feels like there's more going on behind the scenes than they're letting on. The messaging about "collaboration" and "culture" feels like smoke and mirrors. The real... — read more 

Future of Mainframe/ Legacy System Technology

Hey there, I heard a rumor that Schwab is considering using AI in their migration of Mainframe / Legacy using AI . Does anyone have any insights or confirmation on this? I'm curious to know more about how they plan to leverage AI in this... — read more 

Schwab is a black abyss

Is Schwab intentionally trying to make life miserable for its employees by withholding previously offered incentives and consistently pushing us to do more with fewer resources? The current leadership seems detached from the needs of the workforce... — read more 

by
| 1510 views | | 9 replies (last October 29, 2024)
Post ID: @OP+1uPVoAwU

Feeling hopeful

I think yesterday’s Town Hall was great and enjoyed their interactions. Walt has shared some humbling experiences and I admire him for his vulnerability. Rick seems like he does care but his communication people should really work with him on his... — read more 

by
| 1850 views | | 16 replies (last October 7, 2024)
Post ID: @OP+1uOLS1gl

Hand gestures

I can’t listen to anything Rick says, all I can think about is how he holds his hands together like a evil villain

Share your RTO experience!

Most of us are back in the office now. Share your experience so far, good or bad. Perhaps we can find camaraderie!

Orders RTO then bounces

I like how Walt implemented RTO while he never returned to our headquarters (where our CEO should be located) and now after making all of us come back and be miserable he is now leaving. Typical boomer move

Voluntary layoffs

Any chance Schwab will offer voluntary separation to older employees? I've been here for 17 years and I'd be more than happy to accept a decent package. If they want to get rid of more people, this would be the best way to do it, in my opinion. Let... — read more 

McKinsey

The old Schwab we loved and knew is dead. We let a wolf into the hen house https://m.youtube.com/watch?v=K1cJqB0X_BA&pp=ygUOTWNraW5zZXkgd2VpcmQ%3D

Notice for RTO?

If RTO-5 is possible, how much notice would we get? How much notice was there for RTO 3, and would it be the same? Are they obligated to give notice period ahead of layoffs? There's a lot of speculation. Do we knew when we would know anything about... — read more 

RTO Mandatory Coming Soon!!!!

Not what a lot of you want to hear, but it’s coming back. I’m close with the facilities team at my location and they’ve been instructed to prepare for the RTO to at least 4 but probably 5 days a week. From what I’m hearing it would have already... — read more 

Omaha branch

The Omaha BM is by far the worst manager of Schwab branches.

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