I don't recall doing mid-year reviews in STS in the past. Am I forgetting? Why the intense focus now? Is this only my team?

Anyone else notice schwab is paying influencers now to promote on social media. I guess word of mouth gets out. No employees have anything good to say and they have lost a lot of business. They can pay influencers 6 figures but not bonuses.

What is with the rumor of Austin closure? It's a busy building right? But is the property worth more as well since Austin is booming and they could get an actual profit on it? Would fully remote ppl be in trouble if A has layoffs?

Their website doesn’t even work.

Look, we all have coworkers who just ain't doing their part and haven't been in a long time, whether in the office or while remote. A lot of us have the attitude that it's none of our business as long as we're doing our job. You may even consider... — read more 

https://flexindex.substack.com/p/new-flex-report-tech-moving-away 90% of companies with 500 employees or less are fully flexible (i.e. they do not require office time) 37% of companies with 500-5K employees are structured hybrid 74% of... — read more 

https://www.youtube.com/watch?v=4hUvyLgZOFM

I am a new graduate and am working in Schwab Operations as my first job. I would like to know what the general opinion is of operations. I don’t want to stay here too long if it will hurt my career in the future.

I think people use this forum to complain because they can’t at Schwab, for fear of retaliation. In my experience, any constructive criticism or justified negativity about this or that is met with disdain, side-stepping, and even work related... — read more 

How long until Walt does another mass layoff? I’m giving it no less than 6 months

Seriously guys, what’s up with the constant negativity? I’m one whom had their best friend laid off, and my peers broken apart and spread between different leaders (leaving the best leader I’ve ever had), but STILL we found a way to move forward. You... — read more 

DY accepted a new position to destroy WF. Just as he did US and us. How long until Hanz and Franz join him? (Former STS clowns)

Any of you guys forced to meditate during a department meeting? It was a like a scene out of the Office. What is this hippie non sense going on? We’re here to work. Not mediate and talk about feelings.

When everyone is smart and everyone is hard working (like the people I work with), it's sometimes a challenge to distinguish yourself at work. More than anything, it’s a positive attitude that helps you stand out. We are all quite positive... — read more 

In October, 2023, just days before the bigger layoff, Schwab reported the following to RIA Biz. The average work station is 45 square feet, so real estate savings could come in at around $1,683 per employee, according to the firm. That's a... — read more 

Received a letter in the mail asking me to complete a Glint survey after being a former employee. I was instructed to specify my prior company email address as a user name and last name as a password (apparently last name in combination with email... — read more 

There was post on here last night about ERG roles being eliminated. What happened to that post? And is that true? If so, what roles?

Team is an ultimate version Shift blame come up with reason why it cannot be done keep outsource company to save Fte and vice-versa. Just revamp team and save some dime

Call me an a--hole, but I am. I’m really fed up with this place. Over the past few years, everything has changed so much that I just don’t care about anything here anymore. The passion and excitement I used to feel are completely gone. Getting laid... — read more 

Peter is the real deal. And he is just being thrown to the side. They dont make em like Peter any more. He has done so much as CFO. looked for moneynwhen we needed it. Sought financing when it made sense. This replacement is wrong.

I am not advocating it, but it looks like Project Managers are phased out? If Schwab is going Agile, there should be no place for Project Managers?

I’ve been trying to keep up with posts here, but there are just so many different departments, roles and terms etc that I’ve never heard of. And why would I.. I’m low level Bank Ops team in San Diego. What I’m trying to understand is how it seems... — read more 

Happened today. I don't know why she was using one. IT must have been searching for it?

Are we really going to close more offices and move to RTO 5 days? I am so worried about having to pick up and move. It is getting harder for me to work. If this is happening, do we know when the announcement will be?

There's too much work expected to be done by too few employees and I'm just wondering if anybody at the top cares that we're getting completely burned out and leaving in droves? Or has this been the plan all along, just to save some money by not... — read more 

Ha Ha Ha Ha Ha Ha Couldn't happen to a better company. The way they treat their employees and clients...

New plan is awaiting appproval and it's not real generous. Grade 58 and under with less than 3 years of service gets nothing beyond notice period pay and unused vacation. 3+ years is 10 days for ever year of service above 3 years capped at 70 days.

https://downdetector.com/status/charles-schwab/ https://www.msn.com/en-us/money/topstories/global-cyber-outage-grounds-flights-hits-media-financial-telecoms/ar-BB1qgfyf?OCID=ansmsnnews11

So Monday I took the day off and spent it interviewing all day at a certain fund company downtown Denver. I went to lunch at La Merise with different people from there and while there was seen one of the directors from another team in my department... — read more 

is not a good look for a company in our line of business.

DFW locations today announced brunches on Fridays, a day where there is almost no one on site. Does that mean 5 day RTO coming soon? DFW locations visibly have more security desks on site and installed. Does that mean ramping up security for new... — read more 

So our stock price is being hammered because investors / Wall Street do not understand our business model (same reason it cratered in the recent small bank crisis) and investors are speculating. Meanwhile, other firms are not suffering similarly. So... — read more 

Title says it all. This is the biggest fu--ing M&A blunder I have ever seen or been apart of. Feels like complete buyers remorse from higher ups. 0 initiative or desire to fix anything. Constantly kicking the can down the road with crucial issues... — read more 

Quoting him: “So we are spending you know we reduced some expenses in some areas and we’re spending aggressively in others. That’s how you can have 2000 positions eliminated and YET STILL HAVE EXPENSES RELATIVELY FLAT.”

Is AST (tech side /Denver) group going to hit by coming trimming ?

Just heard from someone in the know that they will be keeping the 3 day in office structure. MDs have been told they will need to keep track of all exceptions they and their reports approve and they'll be certain thresholds not to exceed the allowed... — read more 

Just heard from someone in the know that they will be officially announcing on September 3rd. No remote working after January 1 except on an occassional basis pre-approved by your manager. MDs have been told they will need to keep track of all... — read more 

Any advise ?! I work in STS. My manager and directors are all checked out. A few engineers are keeping the lights on. We have no good work coming up. Is it time to move out ?

It’s time to cut Walt’s salary by at least half. He needs to return to office as well (West Lake) not his own office that barely has anything to do with the majority of the business. Lead by example big guy instead of ki-ling employee morale further... — read more 

I feel like I missed something. The last several posts imply that there’s for sure more layoffs on the table. Was there an official communication that I missed?